The NMP Blog

Second Homes: The Time is Now

Submitted by John Walsh on January 22, 2010

Recently, I spoke with Bob Tedeschi of The New York Times as he was researching and preparing information to publish his article, “Rethinking Vacation Homes.” The timing of our conversation was opportune as current mortgage rates remain relatively close to historic lows, while home values are also at their lowest point in years. I mentioned that homeowners looking to purchase a second home –... Read More

Speaking Lessons from Dr. Martin Luther King Jr.

Submitted by Tom Ninness on January 16, 2010

Speaking Lessons from Dr. Martin Luther King Jr.
In honor of Dr. Martin Luther King, I decided to dedicate this week’s letter to his incredible speech he gave on August 28, 1963. Those that I coach and mentor, I emphasize the importance of speaking as it “ups” your chances to get clients, meet your hourly rate goals, and gives you the opportunity to show that you are an expert in your... Read More

“Quality Mortgage Services Inc.” announces working coalition with "Mortgage Fraud Solutions Group".

Submitted by Prevent Mortgag... on January 12, 2010

Quality Mortgage Services is pleased to announce the formation of an alliance with Michael S. Richardson and his Mortgage Fraud Solutions Group. Since 1992, QMS has been recognized as a mortgage compliance leader in mortgage quality control and compliance solutions backed by experience and a broad knowledge base.
Quality Mortgage Services is a nationwide full service mortgage compliance... Read More

Speed of Response to Mortgage Leads - 130 Lender Study

Submitted by Jeff Miller on January 11, 2010

LeadQual Mystery Shopped over 130 Mortgage Lenders
Reposted From "LeadQual Mystery Shopped Over 130 Lenders" on
LeadQual conducted a study to determine the current state of lead response in the mortgage industry. In this study, over 350 Internet leads were delivered to more than 130 lenders. Each lead was submitted on weekdays, before 5:00 PM. The objective was... Read More

Project Planning for 2010

Submitted by Tom Ninness on January 10, 2010

One Project at a Time
Business planning is made up of three parts: 1. the outcomes you want to accomplish by the end of the year. 2. the disciplines that you will do daily, weekly and monthly to accomplish the outcomes and lastly, the projects/systems/operations that if completed would great impact and improve the chances for success in 2010. There is one important and enlightening... Read More

National Licensing

Submitted by Ian Wright on January 06, 2010

For years I have heard complaints about the lack of a level playing field between mortgage brokers and banks. NMLS is supposed to help close the gap, but I still hear complaints about how good banks have it compared to brokers. Banks have exemptions from state licenses, only need to register, yada,yada,yada. Let's discuss what banks have to go through in order to receive these benefits... Read More

Status Quo or Making Significant Changes?

Submitted by Tom Ninness on January 05, 2010

A Quote from Lance Armstrong
“Time is limited, so I better wake up every morning fresh and know that I have just one chance to live this particular day right, and to string my days together into a life of action, and purpose.”
Lance Armstrong (1971 – )
American cyclist
7-time winner of the Tour de France
Cancer survivor
In 1996, Armstrong was 25 (and ranked... Read More

FHA Direct Mail Still a Viable Lead Generation Tool for FHA Leads

Submitted by influenced on January 05, 2010

When the FHA guideline changes went into effect in November there were many unknowns about how this would impact FHA direct mail volume. Based on our client feedback, the changes took a few weeks to adjust to however the overall FHA direct mail volume is about that same as it was before the November changes. It is however more important than ever to make sure you are using the most accurate... Read More

We Are All Going Back to School

Submitted by Paul Donohue on January 01, 2010

How long has it been since you had to pass a rigorous test? For me, it had been 14 years since passing the National Association of Mortgage Brokers Certified Residential Mortgage Specialist (CRMS) exam. That obsession to cram, that difficulty sleeping the night before, that vague feeling you've forgotten something, that nervous unsettled stomach in the morning, the dreaded start of the timer... Read More

What Are You Seeing as it Pertains to QC Personnel Experience?

Submitted by Tommy A. Duncan on January 01, 2010

I’ve seen a number of resumes from quality control (QC) professional who state they are underwriters and have performed QC in pass positions. During the interview process, I am amazed of how little they know. When interviewing QC professionals, make sure there is a clear, articulate communication from the QC professional of their definition of QC, underwriting, fraud detection and due... Read More