Category Archives: mortgage broker

How do I succeed at becoming a mortgage broker in Toronto?

I am considering going to school to become a mortgage broker. Can anyone help me find out what courses are required, and what the best avenues are to take in terms of organizations to join etc. that will give me the best chance at succeeding as a mortgage broker? I ahve been told of 2 [...]

Can we ask the mortgage broker/lender to stick what there GFE at the closing ?

If I got a GFE(good faith estimate) from a mortgage broker/lender and then finally we negotiate prices. Now can we make sure in writing that the broker/lender stick to what they gave in GFE ? 1) Can we get this is writing ? 2) Does brokers/lender change the numbers at the actual closing compared to [...]

Can you be both a real estate agent and the mortgage broker on the same transaction?

Can you be both the realtor and the mortgage broker on the same transaction? What about different ones? Sort answer yes, if you hold appropriate state licenses and fully disclose your purposes in any advertising and to clients. State courts frown on limiting a consumers choice via false representation, so check state laws. If it’s [...]

How do you find an good honest mortgage broker?

This would be in NE Ohio. I tried a bank and they declined me because I don’t have 3 lines of credit open, I have one and cause of that one, my debt to income ratio is 42%…only cause I have a car loan…oh yeah, that will be paid off in about a week….then I [...]

Which is better bank or mortgage broker?

My hubby and I are planning to meet with our bank we do our everyday banking with, regarding a mortgage. I have heard that using a mortgage broker is better. What is your opinion? If you have good credit, go to a bank. The fees tend to be more reasonable and the services are more [...]

how long can mortgage broker hold your appraisal report?

I’m applying for financing with a mortgage broker who is holding things up. I’ve asked for my appraisal report, that I paid for, in order to get HO Insurance estimates and was told they don’t have to give it to me for 90 days. I would contact NAR (National Association of Realtors http://www.realtor.org/) and your [...]

how do you word skills gained working for a mortgage broker in sales and loan processing for a job in banking?

I am trying to break into the banking industry. I have a business degree and am currently working for a mortgage broker. I have experience as a mortgage broker and am assisting the BDM with on the job training of new consultants to complete applications, capacity tests and ensuring all requirements are met before sending [...]

Can anyone offer me some advice on how to become a mortgage broker?

I"m 24 years old and serving in the U.S. Air Force. I finish up my commitment in 13 months and plan on pursuing a career as a mortage broker. I’d love to learn the ins and outs of mortgages because I plan on investing in real estate some day. I know there are risks involved [...]

What’s the best way for me to become a Mortgage Broker in CT?

I have been a Loan Originator for a year now, but I’d like to become a mortgage broker. This way, I can shop around to different lenders to help close more loans. You can try Countrywide, but honestly…your current position is the safer bet of the two. Mortgage Brokers and getting the short end of [...]

Does a mortgage broker require an upfront fee?

I was wondering if a mortgage broker charges a fee upfront for helping you qualify for a loan. And if so how much do they charge? Not a legitimate one. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-broker%2Fdoes-a-mortgage-broker-require-an-upfront-fee’; addthis_title = ‘Does+a+mortgage+broker+require+an+upfront+fee%3F’; addthis_pub = ”;