Tag Archive for: secondary market

Mortgage Banks (Like JVM) Can Broker Loans Too!

A Few Quick Reminders: FHA Rates Are 1% Lower – in some cases: This is a quick reminder that FHA’s interest rates can be as much as 1% lower than […]Read More

Understanding Compliance in the Mortgage Industry

For many people, buying a home is the most important financial decision of their lives. It can also be one of the most confusing processes to navigate. One aspect that often causes confusion is understanding compliance in the mortgage industry. What is it? How does it impact homebuyers? In this blog post, we’ll answer these questions and more as we explore mortgage compliance and its role in the mortgage industry.Read More

Loans Must Be “Salable”; No Exceptions No Matter How Strong a Borrower Is

Major mortgage companies have gone out of business entirely because they could not sell a large block of their loans on the secondary market. As a result, salability is an enormous concern and potential risk for every mortgage company. Read More

How Mortgage Banks/Loan Officers Get Paid?

We are often asked by borrowers and Realtors how we, as a lender, get paid? The answer is that JVM gets paid if and only if a buyer’s loan closes. […]Read More

Early Pay Off Penalties For Most Mortgages – Fee Paid By Lenders

Early Pay Off Penalties (EPO) Yesterday a borrower informed us that she intended to pay off her mortgage soon after we close because she was expecting a windfall from the […]Read More

Loans Have To Be “Salable;” No Exceptions For Strong Borrowers

We have seen a few major mortgage companies go out of business lately, despite a strong market for mortgages overall. One of the reasons they went out of business was […]Read More

Difference Between Servicer and Mortgage Holder/Owner

Borrowers often get confused about the difference between their loan’s “Servicer” and their loan’s “Owner”. After a mortgage bank funds and records a loan, they sell the loan either to […]Read More

Why’s It So Hard to “Fund” A Loan? Salability & Cash to Close

We often have borrowers and Realtors wonder why it takes lenders so long to fund a loan after all the documents are signed. First, the entire funding package has to […]Read More

JVM Is a Both a Mortgage Banker and a Broker; Advantages to Both

JVM Lending is and has been both a “mortgage broker” and a “mortgage bank” for some time now. Both channels have significant advantages. We avoided a mortgage bank affiliation for […]Read More