What is happening today in mortgage lending:
PMI will no longer insure TPO loans
Many lenders are currently deactivated brokers. The deactivation is due to lack of activity or high SBroker Scores. I will be notifying those managers of companies that have been deactivated. Once I notify the managers I will have to take those who are not approved with us off of my morning rate email distribution list. If the situation changes I will let those who are deactivated know and hopefully in the future we can work something out.
Remember watch your pipelines and do not let locks expire. Send loans in within 15 days of locking them. Try your best to make each deal you send in work, don't pull them and move them to other lenders. Your pull through rate affects your Smart Score.
Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com
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