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Articles about Mortgage Applications


Commercial | May 2016 
Beyond the 5 Cs
Commercial mortgage originators are familiar with the five Cs used to evaluate prospective borrowers — credit, collateral, character, capacity and common sense. Borrowers are often much less familiar ...
By Valerie Sweeney, executive vice president, APEX Mortgage Corp.

Commercial | May 2016 
Uncomplicated Underwriting
Example An effective executive summary to accompany a loan application: John Smith is requesting a refinance of hi...
By Stephen A. Sobin, president and founder, Select Commercial Funding LLC

Residential | February 2003 
The Lighter Side of Lending – Application Machinations
Every application taker knows that some people like to play games when applying for credit. They take on a whole new personality when having to reveal what they consider family secrets. “Why do you ne...
By Gordon Schlicke, mortgage trainer, Seattle

Residential | January 2003 
The Lighter side of Lending: Loan Applications—ANYWHERE, ANYTIME
When it comes to business, I’ll take an application from anything that looks like a  plasma based life form as long as it has income. And I’ll go nearly anywhere as long as I don’t have to take the Or...
By Gordon Schlicke, mortgage trainer, Seattle

Residential | March 2004 
When is an Application Really an Application?
When is an application really an application?  I wish it was easy.  Unfortunately, different regulations have different definitions for “application”.  And these differing definitions have different i...
By James D. Russell, CPA, managing partner, MTG Consult

Residential | January 2004 
How to Avoid a Slump in the Mortgage Business
Selling mortgages is an up and down game. One day you’re riding high, closing loans right and left; the next, no one will even talk to you. If you let either the ups or the downs of selling destroy yo...
By Bill Sparkman, creator, Circle of Champions

Residential | January 2004 
A Great Loan Application System is Not Rocket Science
The premise is simple – we produce more and we make more money. Quality can sometimes be put on the back burner—especially during times of intense competition for loans such as we experienced during t...
By Dave Hershman, director, OriginationPro Mortgage School

Commercial | October 2005 
It’s the Little Things that Count
How important is it to pay attention to the request for detailed information when filling out your loan application? Extremely. It can determine whether you will fund your loan before the scheduled...
By Lee Fenn, senior vice president and chief lending officer, Provident Savings Bank FSB

Residential | August 2005 
Hybrids Take the Fast Lane
As mortgage rates remain historically low, today’s wholesale mortgage-lending environment continues to be profitable for brokers and lenders. A byproduct of the current trend of low interest rates ...
By Christopher Mullins, executive vice president, Master Financial Inc.

Residential | August 2006 
How to Understand Preapproval Letters
In today’s real estate market, homebuyers are often advised to visit their lenders or mortgage brokers to find out how much they can afford before starting their home search. In the past, it was com...
By John Osslund, president, West Coast Mortgage

Residential | June 2006 
TPOs: The Need-to-Knows
Many mortgage lenders view third-party originators (TPOs) — or wholesale accounts — as a double-edged sword. As TPOs, mortgage brokers should understand how lenders view them and what concerns lende...
By Manuel V. Sicre, chief financial officer, EMP Medical Services and Central Medical Equipment Rental

Residential | June 2006 
A Modern Land Rush
One of the hottest real estate markets today — land for retirement or second/vacation homes — lies in Mexico. I am not referring to timeshares or leased-land sites, but to property your clients migh...
By Michael James Riley, real estate broker, California

Residential | June 2006 
Living the Dream
“My mother was an honest and hard-working woman. We lived in apartments all of my childhood. Mother always managed to make rent, but there was never enough left over after living expenses to accumu...
By Elisa Black, director of marketing and communication, Esther Foundation

Residential | May 2006 
In Good Faith
A great way to earn repeat business from your clients is to calculate the closing costs on their good-faith estimate (GFE) as closely as possible. Many buyers and Realtors complain about ...
By Todd Zurik, senior loan officer, Landover Mortgage

Residential | April 2006 
More Processing Red Flags
In last month’s Scotsman Guide, I discussed the top 10 processing red flags. There are more common processing mistakes, however. Below are 10 more things to watch out for that can affect a loan’s t...
By Marian DeBonis, owner, CyberSpace Financial


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