Archive for the 'Net Branch Opportunities' Category
Greg Frost Sr.: Learn to succeed
June 28th, 2010
Written by Greg Frost
The great breakthroughs in your life will come when you realize that you can learn anything you need to learn to accomplish any goal that you set for yourself. This means that there are no limits on what you can be, on what you can have, or on what you can accomplish.
Goals are nothing more than dreams, to which you have attached a time limit. Set your goal and then seek out all information that you can to learn all that you can about your chosen endeavor. Then you will be ready to go out and achieve it.
Start by finding out all you can about what the most successful people in your arena did to become successful. Do what they did, over and over again, and you will eventually enjoy the same results. Emulate the best and you will become one of them.
I was noted as the 1st Billion Dollar mortgage originator back in 2000. I had been originating since 1985. I built my business in a full doc business environment before FICO scores, AUS systems, slim doc, no doc, fast and easy, stated income etc. My personal origination expertise was gained originating the same products that we are all originating today. I was able to distinguish myself, in my market, by putting a recognizable face on the word “service”. I did this by succinctly defining my service with daily, weekly, monthly and quarterly activities that my clients (Realtor Referral Partners) and our mutual business (Borrowers) could readily recognize and appreciate. This strategy will work for you today.
Do you feel challenged by your current environment? Are you struggling with your business model? Are you concerned that you will not be able to function in this new era of massive regulation changes and their inherent risk? Are you struggling with redirecting your sales and marketing efforts to a more productive opportunity pool?
I am President of a production Division of Primary Residential Mortgage, Inc. In addition, I am their VP of National Training. I think that I am uniquely qualified to offer you a dynamically profitable business model along with market tested production mentoring, the combination of which should give you every advantage.
Go to www.frostmortgage.com and let’s get acquainted.
Discussion: No Comments »
FHA loans: Net worth timeline, new monthly scorecard
June 22nd, 2010
Written by Frost Mortgage
The Federal Housing Administration (FHA) has been busy recently.
We’ve written before about a move to raise the minimum net worth worth requirements for loan originators. The FHA recently set out a timeline for implementation (MortgageDaily.com; subscription required). Among the requirements is a $1 million net worth for all new FHA applicants, with at least 20 percent being liquid. The timeline was announced in a mortgagee letter.
The new requirements are likely to shake up portions of the mortgage industry, making it all the more important to look for evidence of stability in your potential lending partner (such as Frost Mortgage’s “Full Eagle” status). If you have any questions, please feel free to contact one of our loan officers today–we’ll be happy to talk with you about our qualifications and the depth of our resources.
Meanwhile, the U.S. Department of Housing and Urban Development (HUD) and the Treasury Department have announced that they’ll be distributing a monthly “scorecard” on the national housing market, including updates on FHA programs. This should be a good resource for those of us who follow the industry closely and should help us and our branch partners continue to provide you better service and useful products.
If you’re in the market for a loan, now is a great time thanks to low interest rates, and if you’re considering making a move up in the business, it’s a great time for that as well–Frost Mortgage has one of the best programs in the mortgage industry, and we’ve got the resources to thrive even in an environment like this one.
Discussion: No Comments »
New Mexico mortgage: Wherever you are, Frost is too
June 21st, 2010
Written by Frost Mortgage
New Mexico--a beautiful place for Frost Mortgage to call home, as this image from Flickr shows.
The fine city of Albuquerque, New Mexico, is our hometown, and we’re often associated with it because it’s the place we have the longest history in. We’re proud to call it Frost Mortgage’s headquarters for our organization, which now supports 19 branches from coast to coast and is growing by the day.
No matter how big we get, though, New Mexico will always hold a special spot for us as the place that has nurtured us for so many years and has given us so many great friends. We will continue to offer the best mortgage products in the industry to our friends throughout the Land of Enchantment. Whether you’re in Las Cruces or Silver City, Portales or Gallup, Clovis or Santa Fe, we can help you. We take part in civic groups in Rio Rancho. We’re in Belen and Las Lunas. On our quick holidays, you can often find us heading down to Truth or Consequences and over to Elephant Butte Lake.
From Santa Rosa to Hobbs, if you need to find a responsive, trustworthy loan officer in New Mexico to help you secure a loan for your next move, Frost Mortgage can help. There’s a reason we’ve consistently been the No. 1 originator in the state of New Mexico: It’s because we don’t just close loans, we open doors.
Please give Frost Mortgage a call today, and let us show you how we can help you find a loan.
SPECIAL OFFER FOR NEW MEXICANS: For as long as the US team remains in the World Cup, we’re waiving origination fees for loans originated in New Mexico after 6/15. Please call today!
Discussion: No Comments »
Greg Frost Sr.: Training industry leaders, planning for the future
June 21st, 2010
Written by Greg Frost
Things are always cooking here at Frost Mortgage, and last week was no exception. I wanted to share a couple of experiences in particular that I’m excited about.
Last week, I was the guest speaker at the Casa Latino National Franchisee meeting held in Orlando, Florida. We shared current mortgage industry information and conducted my Productivity Sales Training based on the 6 Scientific Principals of Ethical Influence.
This week I am in the airport and on the way to meet with the Primary Residential Mortgage, Inc. executive team for a 2-day Master Mind conference in Salt Lake City on Monday and Tuesday. Strategizing for continued industry leadership is the meeting goal, which includes design work on a new 580 FICO score FHA product that will be originated and serviced by Primary. I believe that a manually underwritten, common sense FHA product, without the severe FICO score overlays that are currently being imposed by the big Banks, is essential to simulating mortgage production and home sales. During the first 65 of the 77 years FHA has been in existence there was no FICO score a and no automated underwriting. Loans were manually underwritten to the FHA credit manual, and still should be.
Coming weeks are no less packed. What’s on your agenda?
Discussion: No Comments »
Money Market Recap & Forecast from the Daily Communicator: June 21, 2010
June 21st, 2010
Written by Frost Mortgage
Last week was mixed for U.S. Treasuries. A combination of friendly economic reports, lingering questions about the global economy and mixed messages regarding Spain’s financial situation kept buying in government debt steady to strong.
But there were a few bumps. On Monday a big rise in the euro took its toll on Treasuries.
On Tuesday the NY Empire State index of June manufacturing conditions rose to 19.57 from 19.11, but analysts expected 20. Separately, the sentiment survey of residential homebuilders in June fell to 17 from 22 — the lowest since March. These reports should have helped Treasuries, but a massive rally on Wall Street due to the increase in the euro left Treasuries in the dust.
Treasuries turned it around on Wednesday. It began with a huge drop in May housing starts. They fell 10% to an annual rate of 593,000 units from 659,000, and building permits slipped 5.9% from April.
If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/
Discussion: No Comments »
Money Market Recap & Forecast from the Daily Communicator
June 14th, 2010
Written by Frost Mortgage
Although there was little economic news to influence traders early in the week, the benchmark 10-year note started out strong. The continued decline of the euro pushed stock prices down on concerns about its effect on the global economy. The rush to the safe haven of U.S. Treasuries continued.
The 10-year yield, which moves inversely to price, closed at 3.15% and stayed in that area until Thursday.
Wednesday’s Fed beige book release showed signs of economic improvement in the nation’s 12 federal districts, which provoked light selling. But the report stated that economic growth was mild, slowed by the Gulf oil spill and the economic situation in Europe.
Treasuries were hit Thursday. First-time jobless claims for the week ended June 5 fell by 3,000 to 459,000, and the four-week average rose to 463,000.
If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/
Discussion: No Comments »
Continuing hints of better news
June 9th, 2010
Written by Frost Mortgage
DENVER, CO–(Marketwire – June 8, 2010) – Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuations, today released the latest IAS360® House Price Index (HPI) (http://www.iasreo.com/ias360_update.html). Based upon the timeliest and most granular data available in the industry, the benchmark for national house prices gained 0.9% in April.
The West region was up 1.1 percent, according to their report. Even if this does reflect the last of the federal tax credits, we’re encouraged that we could be looking at better times to come.
We hope it helps with purchaser confidence, but we’ve consistently said you can’t time the market. If you’re in the market for a loan or you’re considering making a move up in the mortgage business, give us a call and we’ll help you figure out what the right move is for you today.
Discussion: No Comments »
Loan officer candidates — a smart bunch
June 9th, 2010
Written by Frost Mortgage
Roughly 71% of loan officers pass the national test to become qualified mortgage professionals the first time they take the exam, according to new figures released by the Nationwide Mortgage Licensing System. The state (first-time) pass rate is even better: 78%, according to NMLS. The results reflect tests administered between July 30 of last year and April 30, 2009.
via National Mortgage News – mortgage industry news | mortgage information | commercial real estate.
Loan officers are in general a pretty sharp group of people. They’re highly motivated, driven to succeed, and almost always multitalented. And so, it’s no surprise that so many are achieving their licensing on the first go-round.
In any business, though, the testing is continuous, and a professional is always in training for the next level, whether that’s an official certification or just a step up in his or her capacity or skills.
If you’re looking to make that next step, we’re looking for you. We seek out top performers who will appreciate the unparalleled mortgage platform we can provide, please get in touch with us today. We think you’ll be glad you did.
Discussion: No Comments »
Money Market Recap & Forecast from the Daily Communicator
June 7th, 2010
Written by Frost Mortgage
Compared to the past few weeks, last week was uneventful — until Friday. Although concerns about economic growth here and abroad remain, and trouble spots in the Far East lurk, U.S. Treasuries held steady. The yield on the benchmark 10-year note, which moves inversely to price, barely moved during the first three days of the trading week. It rose only three basis points.
Then the employment numbers for May were released. Although a total of 431,000 jobs were added to nonfarm payrolls, 411,000 are temporary census workers leaving a gain of only 20,000 private sector jobs. And the unemployment rate dropped to 9.7%, but that number is also a questionable one because 322,000 dropped out of the labor market. Buying in Treasuries was fast-paced, dropping the 10-year yield to 3.24 from 3.33, before the opening bell.
The short week began with Tuesday’s release of the ISM index on May manufacturing conditions which fell to 59.7 from 60.4. There was, however, a big gain in employment. Construction spending in April beat expectations by a wide margin. Spending rose 2.7% when a 0.1% increase was predicted. In March, spending rose 0.4%.
If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/
Discussion: No Comments »
Are Jumbo mortgages coming back?
June 2nd, 2010
Written by Frost Mortgage
The Mortgage Bankers Association suggests the news is mixed on whether Jumbo loans will make a comeback, though most agree they’re not likely to hit pre-crash levels anytime soon. Still, the first quarter of this year was above 2009 averages, and the idea is at least on people’s minds again.
Here at Frost Mortgage, we’ve consistently said it’s impossible to time the market, and we believe great producers make their own fortunes. If you’ve got what it takes and you’re looking for the best platform in the mortgage business, please look at our Branch Partner Opportunities today. We think once you’ve compared our numbers to the competition’s, you’ll be glad you did.
Discussion: 1 Comment »
