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Isn’t That Loan Fraud?
The definition of loan fraud is simple. According to the F.B.I. loan fraud is any material misstatement, misrepresentation or omission relied upon by a mortgage underwriter or lender to fund a loan.
The definition does not make any exception for white lies, half truths, fibs or creative facts. It says any material misstatement, misrepresentation or omission. In most cases if you are involved in a real estate loan transaction, as a borrower, real estate agent, attorney or some other party, and you have to ask yourself or someone else “Is that loan fraud?” 95% of the time the answer is “yes.”
Tips For First-Time Home Buyers
YOUR FIRST HOME. Purchasing one is a rite of passage that most non-homeowners dream of. Besides the intangible benefits, homeownership lets you build equity, and is the single biggest tax break available to most consumers. Here’s our look at some smart strategies for getting in the door. Tips
The Real Estate Closing Process
The process starts with a real estate buyer with a property under contract. Once the settlement agent or closing attorney has been retained by the mortgage lender the begin the “title work.”
Four Great Reasons to Work with a REALTOR®
It is wise choice to work with a Realtor when buying or selling real estate.
Use DepositLink to make a Deposit to Our Office
Fast, secure, self-serve digital payments. DepositLink is a complete digital payments solution that eliminates paper check and wire transfers, reduces fraud risk, and keeps transactions moving quickly. Use the image link below to make your Ernest Money Deposit (EMD)...
4 Proven Ways for Mortgage Officers to Build Their Business During Downtime
As a mortgage officer, you understand the importance of staying proactive to build your business. In the mortgage industry, downtime can be an excellent opportunity to lay the groundwork for future success. With the right strategies, you can ensure that your pipeline...
Navigating Home Buying Stress: How Your Real Estate Agent Can Make a Difference
Introduction For many people, buying a house ranks among the top three most stressful experiences in life, alongside major life events like marriage and starting a family. The process is often fraught with uncertainty, endless decision-making, and a rollercoaster of...
Understanding Title Insurance
With all of the recent talk of improper foreclosures having taken place, and the issues with bank owned real estate title problems, the question of the need for title insurance has been a hot topic. I have always stressed the importance of purchasing an owner’s policy...
Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment
Whether you’ve never heard the phrase ‘home equity’ before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook.
Worried about Your FICO Score? 4 Easy Strategies to Fix It Up
If you’re worried about your bad credit, you’ll want to do everything in your power to improve your rating as quickly as possible – especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you’re after.
So how can you boost your FICO score quickly and easily? Here’s what you need to know.