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  • Who's who in wholesale. (wholesale mortgage lending) (Cover Story): An article from: Mortgage Banking


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  • wholesale mortgage FAQ


    I would call around and talk with a few loan officers that work for mortgage brokers. Tell them up front that you will work with them but you expect a great deal and you would like to see daily rate sheets from a few lenders so that you can keep yourself


    I would call around and talk with a few loan officers that work for mortgage brokers. Tell them up front that you will work with them but you expect a great deal and you would like to see daily rate sheets from a few lenders so that you can keep yourself


    Go to http://www.salary.com/ or http://www.salaryexpert.com/ and enter the data for the job.


    For me, it's 99% about rates. If you don't have the best price, you don't get the loan.

    The other 1% is finding a rep who actually knows more about their products than I do, and can help show me how to use their products to close more

    wholesale mortgage news

    360 Mortgage Group Succeeds with HARP 2.0, Now Helping Significant Number of ...

    21.05.12

    AUSTIN, Texas, May 16, 2012 (SEND2PRESS NEWSWIRE) — 360 Mortgage Group, a privately owned wholesale mortgage banker , officially began accepting applications for HARP 2.0 loans on Monday, March 19, 2012, specifically serving challenged and underwater borrowers. Subsequently, 360 has experienced a significant increase in loan volume, resulting in the largest active pipeline since the company’s 2007 founding.


    Source: California Newswire

    Turmoil in Eurozone increases mortgage costs

    21.05.12

    The Bank of England has warned that the ongoing Eurozone crisis is pushing up the cost of borrowing on wholesale financial markets.

    This is making it more expensive for lenders to fund mortgages and they are passing the costs on to customers by increasing their mortgage rates.

    “In the absence of falls in funding costs, it suggests that some further increase in mortgage rates is likely as banks seek to restore their margins,” the Bank of England said in its quarterly inflation report.


    Source: Finance Markets