Finding Your Niche as A Loan Officer
As a loan officer, finding your niche can be the key to standing out in a crowded and competitive market. Many borrowers see loan offerings as commodities, with little differentiation beyond interest rates and terms. To truly set yourself apart, it’s important to identify a specialty and market it effectively. Here’s how to find your […]
Managing Troubled Assets: A Guide for Non-QM Loan Officers
The current economic climate has made it increasingly challenging for non-QM loan officers to manage troubled assets. Delinquencies and foreclosures weaken portfolios, lower property values, and push loan-to-value ratios above their required thresholds. This article will explore what non-QM loan officers can do to manage troubled assets. What are Troubled Assets? Troubled assets are loans […]
Lending News Roundup – March 7, 2023
The commercial real estate market saw a 15% decline in transaction volume in 2022, according to MSCI Real Assets. However, the year still remained strong in historical terms as the level of deal volume achieved in 2022 was the second-highest in MSCI’s data set, trailing only the peak reached in 2021. The last three months […]
Higher Rates, Cool Spring Market – Lending Update March 1, 2023
Recent reports suggest that homebuyers are having second thoughts about purchasing homes as higher mortgage rates have zapped mortgage demand. The Mortgage Bankers Association’s seasonally adjusted index shows that mortgage applications for home purchases have declined 6% for the week ending February 24 from the previous week, and mortgage demand is 44% lower than the […]
Navigating the World of Non-QM Loans: A Guide for Loan Officers
As a loan officer, it’s important to stay up-to-date on the latest loan products and industry trends. Non-QM loans, or non-qualified mortgage loans, are becoming increasingly popular as an alternative to traditional mortgages. However, navigating the world of non-QM loans can be challenging, especially for loan officers who are not familiar with the complexities of […]
Choosing the Right Non-QM Loan Provider: Tips and Tricks for Success
As a loan officer specializing in non-qualified mortgage (non-QM) loans, you understand the importance of working with a reputable and reliable non-QM loan provider. The right loan provider can help you deliver exceptional loan solutions to your clients, while the wrong loan provider can hinder your ability to succeed in the non-QM loan market. In […]
Maximizing Your Earning Potential with Non-QM Loans
Loan officers play a vital role in the lending process, connecting borrowers with the funding they need to achieve their financial goals. With the growth of the non-QM loan market, loan officers now have the opportunity to expand their business and increase their earning potential. What are Non-QM Loans? Non-QM loans, or non-qualified mortgage loans, […]
Overcoming Common Misconceptions about Non-QM Loans
As a loan officer, you’re constantly on the lookout for new opportunities to grow your business and help more clients achieve their financial goals. One area that’s been gaining traction in recent years is non-QM loans. However, despite their growing popularity, there are still many misconceptions about these loans that can hold loan officers back […]
Strategies for Building a Successful Non-QM Loan Business
As a loan officer specializing in non-qualified mortgage (non-QM) loans, you may be wondering what it takes to build a successful non-QM loan business. Non-QM loans, which do not meet the qualification standards for traditional qualified mortgage (QM) loans, may have looser credit and underwriting standards, making it important to understand how to effectively market […]
The Future of Non-QM Loans: What to Expect in the Coming Years
Non-qualified mortgage (non-QM) loans have gained increasing popularity in recent years, as they offer an alternative financing option for borrowers who may not meet the qualifications for traditional qualified mortgage (QM) loans. But what does the future hold for non-QM loans? Here’s what you can expect in the coming years: Overall, the future of non-QM […]
