Posts tagged as:

loan officer

They did not understand the product themselves so no way could they educate the borrower

by Moe Bedard

 By DJ

Having been in the wholesale end of the business with Option Arms as one of my products, 99% of the time the loan officer would ask for “max prepay, max rebate”. (mortgage lingo = I want to make the most money I can on this loan and how much can I screw the borrower [...]

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Are Mortgage Brokers Ancient History in 08?

by Moe Bedard

By Moe Bedard 
The mortgage and real estate industry has resembled a battlefield marred with carnage and destruction with what appears to have no end in sight. 210 imploded lenders and thousands of mortgage, real estate professionals and anything related to these professions in one way, shape or form, litter the path of no jobs and no hope.

The [...]

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