The NMP Blog

FHA Announces Increase in MI

Submitted by Tommy A. Duncan on February 01, 2010

The State of the Union Address is complete, and the President of the United States (POTUS) has given his marching orders. The government is now moving forward with the POTUS’s marching orders. The Federal Housing Administration (FHA) has announced a nine percent increase in default loans and a number of respectable lenders are being identified with high number of default loans. The U.S.... Read More

Keep a Watchful Eye on Your Business

Submitted by Tom Ninness on January 30, 2010

Keeping a Watchful Eye on Your Business
The year was 1900. The first sign of any incoming storm came on August 28. For the next few days, the storm would move across the Atlantic, growing in intensity moment by moment while going virtually undetected. On September 8, the Category 4 hurricane passed directly over Galveston, Texas, destroying the city and killing 8,000 people—the worst... Read More

1st time blogger

Submitted by mem400 on January 27, 2010

Well here we go. This is my first ever blog. I guess I want to talk about what is on my mind most. The future and stability of our business. We are at a crossroads, Brokers are trying to decide to hang on or work with the banks. I have many on the broker side of the business that hate to crossover. Some of them even feel as if they are giving up or losing the fight. I do not think that is the... Read More

Training "Bird Dogs" for Fetching Referrals

Submitted by Tom Ninness on January 23, 2010

Game bird hunters depend on their dogs. Each dog is carefully trained to sniff out the birds, vigilantly sending them to flight and then watching intently as their masters take a shot. When birds are hit, the dog immediately seeks it out for retrieval. A dog’s natural instinct would be to grab the bird tightly and claim it as its’ own, but instead it is trained to gently pick up the bird and... Read More

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 DialMyLeads.com.
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