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Special Report on

Realtor and Loan Officer Responsibility

realtor and loan officer responsibility special research report Photo by
I was discussing the mortgage meltdown with a colleague the other day, when we encountered an interesting question: Who do mortgage originators (brokers and loan officers) represent? Do they represent themselves, the lenders whose products they sell, or the borrowers? As a REALTOR®, my relationship with my clients is clearly delineated. I have a fiduciary responsibility to the buyer or the seller I represent. The term "fiduciary" simply means that I must represent my client's best interests. In a case of dual representation, REALTORS� are expected to treat both parties fairly and equitably. A ...
core Link Post #60
saying, “How to still finance properties with no money down, despite the current state of affairs in the post-subprime meltdown “credit crunch” market of today.” Christopher Smith presents Real Estate Investing and the Psychology of Relationships posted at Real Estate Investing in the Real World , saying, “Real estate investing is all about dealing with people. In building relationships there is a role both for trust and for clear contractual legal boundaries. Here are some ideas on balancing the two.” Phil B. presents The Best Mortgage Comparison Website is « Phil for Humanity ... market research, surveys and trends
Loan Officer Job - Indianapolis, IN - Posted 8/17/10
As an employee of PNC Financial Services Group, you become part of an organization committed to customers, employees, investors, and the communities in which we do business. PNC is an established, growing and successful financial services company, with businesses organized around retail and commercial banking, asset management, and funds processing. Our branches are concentrated in thirteen states and the District of Columbia; additional offices are located nationwide and internationally. We are growing in size and through recent acquisitions have become the fifth largest bank by deposits in the US. We are also growing in ... market research, surveys and trends


O.C. loan officer arrested in $30 million fraud - Mortgage Insider ...
Attorney General Jerry Brown said today his office arrested a Huntington Beach loan officer and two other men for allegedly placing consumers into $30 million worth of fraudulent loans and pocketing $1 million in illicit profits. Alan Ruiz, 28, was arrested at his Huntington Beach home late Thursday and is being held in the Orange County Sheriff’s jail. However, Brown’s release focuses more on Michael McConville, 39, of Simi Valley, who worked as a sales manager for Los Angeles-based mortgage company ALG, Inc.  Garrett Holdridge, 23, of Palmdale, California and Texas was also arrested. All three worked at ALG and are ... industry trends, business articles and survey research
SurfWax: News, Reviews and Articles On Mortgage Loan
These sales occur when your lender permits you to sell your home for less than you owe on the mortgage loan. Most lenders will not allow you to sell your home short if you have considerable assets that could be liquidated or redirected to pay off your delinquent mortgage payments. ( GAO report targets new mortgage scams    Aug 21, 2010 a forensic mortgage loan audit scam, which the report called a new twist on foreclosure rescue fraud. The homeowner pays a fee in hopes of using audit results to uncover regulatory violations in the mortgage loan origination and thereby reduce the loan principal or even ... industry trends, business articles and survey research
5 New Barriers To Getting A Mortgage
Are you having trouble getting approved for a mortgage? Ever since the housing bubble burst, lenders have been subjecting mortgage and refinance applicants to stricter and stricter criteria. Here are five reasons why people are finding it more difficult to get approved these days. IN PICTURES: 5 Steps To Attaining A Mortgage Lender Paranoia Mortgage lenders naturally want to avoid their past mistakes, so it's not surprising that they would look more closely at applicants' financial situations. But changes in the secondary mortgage market have made them extra cautious. Greg Cook, a licensed California real estate broker ... market trends, news research and surveys resources
NMP Mortgage Professional of the Month: Jim Pair, CMC, President, Mortgage ...
will focus on one of the industry's top players in our "Mortgage Professional of the Month" feature. Our readers are encouraged to contact us by e-mail at for consideration in being featured in a future "Mortgage Professional of the Month" column. This month, we had a chance to chat with Jim Pair, president of Mortgage Associates Corpus Christi (MACC) and immediate past president of the National Association of Mortgage Brokers (NAMB) . Pair began his career in mortgage banking in 1961 as a loan originator after a stint in the U.S. military. He served as a senior officer of a mortgage banker, and ... market trends, news research and surveys resources


Value of a REALTOR
seller bearing full responsibility for all the other steps and procedures in the selling .... Obtain current mortgage loan(s) information: companies and loan account numbers. .... Confirm buyer is pre-qualified by calling loan officer. ... technology research, surveys study and trend statistics
Permissible FHA Loan Processing Activity FAQs
A: An FHA lender may employ staff full time or part time (less than the normal 40 hour work week). They may have other employment including self employment. However, such outside employment may not be in mortgage lending, real estate, or a related field. DE underwriters are included in this provision. Further, a DE underwriter may not work on a part time basis for any other mortgagee, even underwriting conventional mortgage loans. A DE underwriter may not underwrite loans for a parent or subsidiary of the underwriter's approved employer. A DE underwriter's authority is through the employer and does not extend under ... technology research, surveys study and trend statistics
The Subprime Blame Game: Where Were the Realtors? - Knowledge@Wharton
It is a scene millions of Americans have been in -- sitting next to a real estate agent at closing to sign the loan contract and other papers for a new home. Often, the buyer has spent months with the agent. And to hear agents tell it, they are indispensable guides through the hazardous home-buying terrain. How is it, then, that millions of borrowers took on toxic subprime mortgages that could cost them their homes? Why did their agents not warn them off? While much criticism has been leveled at subprime lenders and mortgage brokers, real estate agents have yet to receive their fair share of the blame for the subprime mess, says ...
Exactly what does a realtor/RE agent do for a buyer as far as ...
Other than showing houses, filling in the form fields on a standard purchase contract, then faxing it to the listing agent, what does a realtor SPECIFICALLY do for a buyer? After completing a few fields in the purchase contract, what documents if any does a realtor prepare for a buyer? It seems to me that most if not all of the real work is done by the title company and the escrow agent. Does a realtor do any other tangible work besides open key boxes for houses, prepare and submit a preformatted contract, and show up at closing to collect a check? In regards to the first 3 answers, my RE agent has done none of that for me. ...
Mortgage Brokers vs. Banks | LinkedIn Answers | LinkedIn
There are two questions that always haunt home buyers: What should I go for; a mortgage broker or a bank? Let us take a look at the differences between both, their functionalities and limitations. An individual if asked this question would always have a one-liner ready: “whoever gives me a good deal is the best”. But at the back-end there are several matters involved, other than just getting a ‘good deal’. In some cases individuals hunting for a ‘good deal’ usually end up being overcharged. The main difference between both is that a mortgage banker, also termed as a mortgage loan ...