Tag Archive for: loan officers

Homeowners Are Getting Ripped Off By Call Centers

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Note To Agents Everywhere: your past clients are getting ripped off left and right. We know this because we’re seeing so many examples right now, and it’s worse than ever. Fortunately, there is a simple solution. The % of mortgages above 6% (21% of all mortgages) is now higher than the % of mortgages below 3% (20% of mortgages) – something I thought we might never see a few years back.Read More

Why Letting Russia Ship Unlimited Oil Would Cost Them The War

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I swear this relates to mortgages and real estate. 😊 I also just wanted to work this topic into a blog because it is so interesting. Russia is propping up its Ukraine war economy with oil revenues – despite the West’s best efforts to shut off the flow of Russian oil. The west is both stopping Russian tankers and going after countries that buy Russian oil with tariffs and sanctions – and it’s not working at all, per financial analyst Doomberg. But, here’s the really interesting part.Read More

Sad: People Are Breaking Up With Their Rates☹️(Date The Rate/Marry The House Still Works)

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For years up through 2022, agents and loan officers alike repeated the mantra: “Marry The Home; Date The Rate”. The meaning was this: Worry about the house because it is more permanent; don’t worry about prevailing interest rates, as you can refinance later when rates fall. So, when rates remained higher for the last few years, social media lit up with complaints about “evil” loan officers and agents misleading buyers with that errant phrase.Read More

Trigger Lead Legislation – Why Everyone Should Rejoice!

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The Vikings notoriously captured slaves and forced them to row their longboats or warships. And if the slaves did not row hard enough, they were whipped and beaten (sometimes to death). The Greeks and Romans did the same thing, reminding us all that being a slave on a warship was probably not a good career choice.Read More

Loan Officer Doubles As Agent – Goes To Court, Jail, & Poorhouse

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There is nary a week that goes by where I don’t read about homebuyers suing someone who acted as both a real estate agent and a loan officer. It never […]Read More

Are There Too Many Real Estate Agents and Loan Officers? Here Are The Shocking Numbers

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The title for this blog came from this HousingWire article:  There Are Too Many Real Estate Agents and LOs. It’s A Problem.  The author, James Kleimann, was also on this […]Read More

Why Heejin & I Turned Down $10 Million

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We know a loan officer with a large team who does about half of JVM’s volume – and he was offered a $6 million “signing bonus” to move to another […]Read More

JVM’s Relationship With Its Mortgage Bank

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Our plan is to continue growing indefinitely by taking advantage of our competitive edges (low-cost producer, lower rates, smoother client experiences, faster and better tech adoption, exceptionally talented team, training program, powerful sales and marketing machine, etc.).Read More

5 Reasons Why Mortgage Banks Charge Different Rates

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The issue every time though is that the mortgage banks increase the rates the loan officers have to charge their borrowers in order to cover the cost of the co-marketing (because higher rates generate more yield premium/commission when the loans are sold).Read More

How Mortgage Banks & Loan Officers Get Paid

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Borrowers and Realtors often ask how mortgage banks and loan officers get paid. The answer depends on whether points are paid, how loans are sold on the secondary market, and the structure of the lender. JVM’s model creates a cost advantage for buyers — here’s how it works.Read More

When Training Beats Experience! How and Why

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Experience matters — but at JVM, world-class training, structure, and intellect matter even more. Our Mortgage Analysts outperform seasoned loan officers through a program built to develop mastery, not just tenure.Read More

Why Other Lenders Can Sometimes Do Loans JVM Can’t

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Our Mortgage Analysts (MAs) pre-approve over 200 files every month. They see more files in a single month than the average loan officer sees in five years. This is why […]Read More

Key Questions to Ask Your Lender – More Deals & Less Stress

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Choosing the right lender can help Realtors close more deals with less stress. Ask the right questions to ensure your lender is equipped for success.Read More