In this two-part video series, I explain some of the things you should & should NOT do during the loan process. These are things we want our clients to be aware of upfront, so that there are no surprises. And some of these may surprise you!
Friday, September 27, 2013
Tuesday, September 24, 2013
How To Stay Afloat, in a Drowning Mortgage Market
It is all over the news. You come across article after article about large banks cutting thousands of mortgage-related jobs. Most recently, CitiMortgage has shut down its Midwest Retail mortgage operations. There seems to be a lot of negativity surrounding these changes.
If you dive deeper you can see that a lot of lenders are laying off due to a decrease in refinance business. While we have seen a slow in those that refinance, for some, it may still make sense. (Not sure if it would make sense for you? Watch : "How Do You Know If You Should Refinance?").
I am proud to say, despite the volatile market, Cornerstone Mortgage still continues to grow. In fact, we have grown by more than 153% over the past 3 years. We currently have 10 locations with our 2 most recent additions in the last 6 months. We were even ranked a top 5 lender in MO for the last 3 years, & a top 10 lender for the past 8 years.
Why is this? According to Finance Post "some reports show that lending trends are tending to favor the smaller banks over the larger lenders." Cornerstone is large enough to get the best rates, but small enough to have a wide range of opportunities to serve our clients. Not everyone can offer all the products that we do. And our service is unmatched. Your Residential Lending Team regularly meets with our clients face to face, & we usually come to you. We make it priority to attend all of our closings, and every client has our cell phone number to call anytime they have questions.
Another edge we have is efficiency. This is a benefit to our clients because they can get their loan closed quickly. Our processing, underwriting, closing & servicing payments are all completed by Cornerstone. Also, in 2013 we became the #1 largest lender in Missouri to have approvals from all three agencies: Fannie Mae, Ginnie Mae, & Freddie Mac.
Please contact us today to see why we are prospering in this current market & how you can benefit from it.
Sincerely,
Chris
If you dive deeper you can see that a lot of lenders are laying off due to a decrease in refinance business. While we have seen a slow in those that refinance, for some, it may still make sense. (Not sure if it would make sense for you? Watch : "How Do You Know If You Should Refinance?").
I am proud to say, despite the volatile market, Cornerstone Mortgage still continues to grow. In fact, we have grown by more than 153% over the past 3 years. We currently have 10 locations with our 2 most recent additions in the last 6 months. We were even ranked a top 5 lender in MO for the last 3 years, & a top 10 lender for the past 8 years.
Why is this? According to Finance Post "some reports show that lending trends are tending to favor the smaller banks over the larger lenders." Cornerstone is large enough to get the best rates, but small enough to have a wide range of opportunities to serve our clients. Not everyone can offer all the products that we do. And our service is unmatched. Your Residential Lending Team regularly meets with our clients face to face, & we usually come to you. We make it priority to attend all of our closings, and every client has our cell phone number to call anytime they have questions.
Another edge we have is efficiency. This is a benefit to our clients because they can get their loan closed quickly. Our processing, underwriting, closing & servicing payments are all completed by Cornerstone. Also, in 2013 we became the #1 largest lender in Missouri to have approvals from all three agencies: Fannie Mae, Ginnie Mae, & Freddie Mac.
Please contact us today to see why we are prospering in this current market & how you can benefit from it.
Sincerely,
Chris
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