Should loan originators take a second job while rates are elevated? I recently had a conversation with a loan originator who was considering taking a second job “until rates come back down.” First, check your state mortgage lending laws and rules to see if there are prohibitions against having a second job. Some states will […]
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Loan Originator Classes via Webinar: What to expect with Zoom
Loan Originator Pre-licensing and Continuing Education WEBINARS via Zoom I will send all attendees a direct link to the LO CE webinar. The link will take you to Zoom and our class. If you’ve never used Zoom, I recommend planning to log in at 7:45AM If you’re super anxious about webinars and new technology, I […]
Real Estate Agents: Stop Advertising Mortgage Rates
This article was first published on March 12, 2020 over at Inman Real Estate News. Real estate agents ought to consider best practices with regard to “advertising,” which can include posting about rates on social media, or holding yourself out as being able to make a loan. Let’s start with the definition of a “Loan […]
“The meaning of life is that it ends.”
So you googled my tattoo. “The meaning of life is that it ends.” This is a quote by Franz Kafka, “widely regarded as one of the major figures of 20th-century literature. His work, which fuses elements of realism and the fantastic, typically features isolated protagonists facing bizarre or surrealistic predicaments and incomprehensible socio-bureaucratic powers, and […]
For Brand New Realtors: Interview Questions to Ask Loan Originators
Newly licensed real estate brokers, here are some questions you can ask loan originators before deciding on who you should refer your home buyer clients. I recommend interviewing at least 3 licensed loan originators and maybe 1 registered loan originator who works for a depository bank. I recommend avoiding Wells Fargo at this time, due […]
Things You Can and Cannot Bring into the Classroom
Things you CAN bring into the classroom A cell phone that you know how to operate. You must know how to turn off the ringer and how to turn off all audible alerts Your own favorite coffee or morning beverage. At most locations, we will be served office or hotel quality coffee that will never […]
Why does the mortgage industry put up with Rob Chrisman’s sexist jokes?
One of the first things I use to read each morning was Rob Chrisman’s daily email newsletter for the mortgage lending industry. He’s always on top of what’s going on across the U.S. At the end of the daily email, Rob adds a joke. Sometimes the jokes are just silly and G-rated enough to share […]
Expanding Mortgage Loans to Consumers Without A Credit Score
Published on Inman Select Real Estate News December 23, 2015 Our government created the FHA Mortgage Insurance Program right after the Great Depression, to encourage banks to lend to people who have less-than-perfect credit. More recently, the FHA Mortgage Insurance program was used during the Great Recession to cushion the loss of subprime lending. FHA […]
To the Students from the January 30, 2013 Class: How To Listen With Your Eyes
Hi Everyone, Here is the link to the slides from today’s class. Do we have a primitive brain in our gut? Here’s a TED Talk and an article. I mentioned a fabulous book near the end of class, A Different Mirror; A History of Multi-Cultural America. It’s only $8. for those who use a Kindle […]
To the Students from the June 21, 2013 Foreclosure Field Trip at SKCAR Bellevue
Here are some links to websites and other information we will review in class. Here’s the 61 page WA StateForeclosure Resource and Prevention Guide. This was published by Rob McKenna’s office when he was our AG and is a pretty good resource document. There’s info in here about tenants rights that you may find useful. […]