Tag Archive for: secondary market

Mortgage Banks (Like JVM) Can Broker Loans Too!

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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

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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

No Exceptions: Loans Must Be Salable

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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?

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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

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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

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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

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Many homeowners get letters saying their mortgage was “sold,” leaving them unsure where to send payments. Here’s the key difference between your loan’s servicer and its owner—and what to do if you’re ever confused.Read More

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

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Funding a mortgage loan involves more than signatures—lenders must verify cash sources and finalize documents to protect salability and avoid costly delays.Read More

Mortgage Banker vs Broker: Why JVM Lending Offers Both

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JVM Lending leverages both banking and broker channels to give clients flexibility, better pricing, and top-tier service. Here’s how it works.Read More