Eddy's Blog

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Mortgage and Lending - Nationwide Funding Group
The Real Estate and Mortgage Industry In My Own Words..................................
RECENT BLOG POSTS
Credit Scoring.................... The credit reports and the credit scores DO NOT consider  income, savings, down payment amount, or demographic factors such as gender, nationality or marital status. Credit scoring is an objective , statistical method that lenders use to quickly assess the borro...
11/21/2006
Qualifying the Borrower............................Several risk factors are taken into consideration when evaluating a borrower for a loan, such a borrowers debt-to-income level, employment history , type of property and assets. THe lender will order a credit report which will show the borrowers ...
11/21/2006
The underwriting process begins with the borrower filling out a loan application and gathering the documents needed by the lender. In general lenders ask for the following:-w`2s /1099/1040 tax forms for the past 2 years-3-12 months worth of bank statements-Most Recent Mortgage Coupon for all of t...
11/21/2006
I havent been on these networking websites a long time but i do have ideas on how to gain business from this website and from loan officers / realtors in "real life". I will explain this in my next blog. As a loan officer or realtor you cant realistically expect to earn referrals by just emailing...
11/20/2006
Attention Mortgage Professionals and Real Estate Agents !!!!!!!!!!!!!!!! What are the most common problems with your clients ?As for me - clients understanding of prepaid interest - clients not keeping their word, procrastinating in sending in their stips but yet stil want a quick close- clients ...
11/20/2006
 is not for shy people, real estate is a contact sport. The more people you contact the better chances you have in earning clients business along with starting relationships with realtors or othr real estate professionals. You are around new people everyday. Going to the grocery store,gas station...
11/20/2006
12 Comments
A blog regarding illegal immigrants was written today. I wasnt offended by the content i was offended by the authors point of view of the matter. The blog is here------------------------------------>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://activerain.com/blogsview/20786/English-is-the-Official. T...
11/15/2006
Getting a loan is an integral part of the real estate transaction since very few people have the amount of readily available cash to buy a home without financing. The first step is to fill out a loan application (1003). Once the lender has the borrowers completed application the underwriting proc...
11/15/2006
I recommend this loan program only if there is benefit. THis is a great program for investors or for those deals that have a low LTV. In my opinion this is loan is to be sold if your really understand it and make sure your customer understands it, in the end this is a ADJUSTBALE RATE MORTGAGE no ...
11/15/2006
6 Comments
Construction financing companies is made up of two phases - the construction phase and completion. An interim loan  is a short term loan to finance constructions costs, such as the building of a new home. THe lender basically advances funds to the borrower as nedded while the construction progres...
11/14/2006
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Eddy Martinez

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