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 Role of a Loan Officer in the Non-QM Loan Process
If you’re considering a non-qualified mortgage (non-QM) loan, you may be wondering what role a loan officer plays in the process. A loan officer is a professional who works with borrowers to help them secure financing for their home. They are responsible for evaluating a borrower’s financial situation and helping them determine which type of […]
Top 5 Best Practices for Non-QM Loan Officers
The economic effects of the epidemic have had a significant impact on the economy as a whole, but they have been disproportionately felt by small company owners, self-employed contractors, and gig economy employees, who account for approximately 48% of the private workforce. Millions of these self-employed people would like to take advantage of record-low mortgage […]
What you can expect as a Non-QM Loan Officer
Anyone who has spent some time in the real estate market knows that there is a lot of jargon to understand. Even experienced Loan Officers might become overwhelmed by complex lingo with the likes of appraisal contingency and coded listing language. Fortunately for you, we have your back! The pandemic had a massive effect on […]
Non-QM Loans: How They Work & Your Opportunity
What Are Non-QM Loans? Non-QM Loan is an abbreviation for Non-Qualified Mortgage Loans. These loans do not consider all aspects of a borrower’s capacity to repay a loan, such as income ratios, debt load, credit score, and a variety of other criteria, such as the habitability of the house financing the mortgage. Compare this to […]
Is Your Client a Candidate for Non-QM Loans?
Borrowers who have been turned down for conventional or government loans frequently believe that their home-buying adventure has come to an end. This is absolutely not the case! Non-QM loans can help borrowers who would otherwise be unable to obtain funding to become homeowners. A non-qualified mortgage is an alternate option for potential clients who […]
The Ultimate Guide to Non-QM Lead Generation for Loan Officers and Mortgage Brokers
You’re in business to make a profit. It takes a lot of effort to generate enough new business to keep your mortgage company afloat. You know your potential consumers are seeking mortgage options right now. But if they have to wait for more than five minutes, they’re 80% less likely to do business with your […]
