10 Rules to Success for Rookie Mortgage Lender

August 30, 2011

Author: William M. Davis

Mortgage lending is a trillion dollar industry and is one of the few jobs that can be mastered without a college degree yet which affords the potential of earning millions of dollars a year. Each state regulates the requirements for mortgage brokers and lending licensing. Some states require no license at all. However, rookies considering this profession who want to be successful need to learn the rules of the game.

Bad Credit Mortgage Companies in Michigan, MI

August 12, 2011

Author: William M. Davis

Bad credit alone should not stop anyone from obtaining a home loan. There are bad credit mortgage companies in Michigan that can help and there are also a lot of mortgage providers that take advantage of those that desire to be home owners but their bad credit score is an obstacle. Finding a bad credit mortgage company in Michigan does not need to be hit and miss. There are some things you can do to increase your of odds finding a home loan.

Absolute success tips to become a qualified mortgage broker

July 30, 2010

Author: William M. Davis

A qualified mortgage broker is a facilitator and go between who has particular expertise and helps bankers and lenders find each other and communicate. A mortgage broker helps the potential home buyer get the best mortgage loan possible. The broker gets a commission for helping people realize their dream of home ownership.
Mortgage Broker Needed More and More
From the 1980s under 25 percent of home buyers had the assistance of a qualified mortgage broker. Today over 65 percent of homes financed did so with the help of a mortgage broker. This is probably because things have gotten more complicated loan wise …

Finding a Bad Credit Mortgage Broker

January 5, 2010

Author: William M. Davis

There is no escaping a history of bad credit and a low credit score. No matter where you go, your bad credit will follow you. This can create many difficulties when it comes to getting mortgage loans, credit cards or other credit. However, don’t let your poor credit get in your way of getting the mortgage loan you need. The chances of getting a mortgage loan with bad credit are a lot easier than you think.

A Mortgage Loan is STILL Possible for People with Bad Credit
Mortgage lending has reached an all time high and poor credit mortgages have increased …

How to become a successful Mortgage Broker

May 8, 2009

Author: William M. Davis

Who is a Mortgage Broker?

Any person who acts as a middle man between the lender and the borrower is called broker. Where a mortgage transaction is involved he is called a mortgage broker. He helps in bridging the technical requirements of the lending institution with the requirements of a borrower.

Role of a Mortgage Broker
The role of a mortgage broker is critical in closing any loan transaction. He strives on the commission he receives on every loan transaction closed by him. It is a career option which in reality does not require any formal schooling, but offers a six figure salaries.
An …

Why I want to become a Mortgage Broker?

March 25, 2009

Author: William M. Davis

I want to become a mortgage broker because I understand the following:

A mortgage broker is a real estate broker who mediates between the lender and the borrower.

He has in depth knowledge about the intricacies of mortgage trade and real estate.

You can be a broker either all on your own or as part of a real estate team.

It is important to read about home finances, business and reality regularly to stay updated about the home market.

Learn about loan and funding process. More the knowledge more will be the money.

Salesmanship is an absolute necessity in order to survive in a business …