THE ULTIMATE BROKER RESOURCE NEWSLETTER January 2006
In This Issue… 1. More Resources for Mortgage Professionals 2. Industry Updates and Trends 3. The Complete Mortgage Network Articles 4. Tell Us What You Think 5. Training Previews and Live Events
Happy New Year! We’re off to another dynamic year. We hope you had an opportunity to use our resources last year. For 2006, we will provide even more of the things you’ve been asking for. Here are a few projects that are underway:
ASK THE MORTGAGE TRAINER PROGRAM - Ask a question on the thing you want to know most about being in the business. Get answers on topics like: - Getting started in the business - Originating jumbo loans - Processing new construction loans - Underwriting guidelines for subprime loans and more...
TELESEMINAR - 2006 will be a big year for teleseminars. We will conduct a variety of teleseminars to enhance our product line. Here’s the new lineup:
-Preview calls for a sneak peek at our training content -The Loan Processor In-A-Box™ teleseminar series -The Getting Started series: for new loan officers and processors
VIDEO TRAINING - We’ll also supplement our written training materials with streaming videos including screenshots, live training replays, and interactive quizzes.
LIVE EVENTS - We’re expanding our reach by taking the show on the road. Look for our live events in California, Nevada, Michigan, New York, and more... If you’re already in the Las Vegas area, take advantage of our on-site training provided in the comfort of your own office.
We’ve also changed the look and feel of the website for 2006 to make it easier to navigate. Our partner site, The Complete Mortgage Network, will have even more resources for its members in 2006 including audio and videos of training segments at no additional charge. Stay tuned for a video tour of the site next month. ======================================================
INDUSTRY UPDATES AND TRENDS
Here is a review of recent changes in the industry over the past few months:
Nov. 1, 2005 - A new Uniform Residential Appraisal Report (URAR) is required. This new expanded form helps clarify the appraiser’s accountability for their work.
Dec. 30, 2005- Fannie Mae is retiring it’s DU/DO interface technology for older LOS systems. Calyx Point® version 4.2 and under as well as other older LOS will no longer be able to access DO® or DU®. Contact your LOS provider for an updated version of your LOS software.
Jan. 1, 2006 - Fannie Mae new maximum loan limits apply. The new amount for a single family residence is $417,000. New limits on other properties may be found at www.efanniemae.com.
======================================================= TAKE A LOOK INSIDE ...
Many of you are already enjoying the benefits of being a part of The Complete Mortgage Network. Here’s a sample of some of the articles and business tips that are available on the members-only pages:
- Completing the 1003 - Documenting Non-traditional Credit - The 5 Cs of Credit - Appraisal Order Tips - 10 Things About Being a Loan Officer - 6 Things to Remember About Financing Condos - Things to Remember About Investment Properties - Audio Quick Tip: How to Set Up a Loan - Licensing Information Links - Wholesale Lender Links - How to Verify Your Appraiser’s Credentials - And More...
Take a test drive for 5 days for just $5.95. New content is added to the site 3 times per week. Get the complete solution at www.completemortgagenetwork.com. _____________________________________________________
INDUSTRY NEWS AND EVENTS Jan. 6, 2006 CMLA Wholesale Lending Fair Marriott Denver Tech Center Denver, CO
Jan. 11-14, 2006 International Builder’s Show Orange County Convention Center Orlando, FL
Jan. 11 – 13, 2006 New York Real Estate Connect Inman News Marriott Marquis Hotel Fairfax, VA
Jan. 12, 2006 CAMB – San Gabriel Valley Chapter San Gabriel Hilton San Gabriel, CA
Jan. 13-15, 2006 1st Annual Vermont Manufactured Housing Show Tradeshow Champlain Valley Exposition, Essex Junction
Jan. 19, 2006 SAC CAMB Mortgage Lending Expo Sacramento Convention Center Sacramento, CA
Jan. 30, 2006 CMBA/CTAMB Winter Expo in the Sun Mohegan Sun Convention Center Uncasville, CT ___________________________________________ TELL US WHAT YOU THINK
If you have already purchased our Loan Processor In-A-Box™ workbook or used our other training resources, we’d love to hear from you. Let us know what has helped and what you’d like to see more of. Leave a message at our Feedback line at 1 (800) 609-9006 x2128 or just click here to submit your comments online. You can also send us an e-mail to processinghelp@aol.com or fax us at (702) 543-5397.
------------------------------------------------ A SECOND CHANCE!
Get on the right track for 2006:
PROCESSING CHECKPOINTS SEMINAR When: Tues., Jan. 31, 2006 Where: Las Vegas, NV Why: Because You Want to Close Loans Faster How: Reserve your seat today at www.completemortgageprocessing.com/LVTraining.html (702)444-6249
