Sean Thorson, Corpus Christi, TX Realtor's (seanthorson) Blog

With the mortgage market ever changing and competition for remaining Loan Originators quickly disappearing more and more every day, the need to offer No Cost or No Origination loan products has disappeared with them. In the past many loan originators had to offer these products to set themselves...

  Websites Every Realtor Needs to Know: Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR. This means that, thanks to popular realty-themed websites that compete for your business, your clients are already armed w...

Buying a home without a down payment: Years ago buying a home without a dime invested at closing aside from earnest money was common practice. These days many perspective buyers remain unsure of whether or not to move forward with becoming a homeowner because the media and government make it seem...

  Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points. The change will add $250 to an FHA-insured homeowner's annual loan costs per $100,000 borrowed, and applies to all borrower's equally. Current FHA bo...

Over the last year we have seen more changes than I could even begin to explain in one blog post. One of the more difficult ones that you REALTORS may not be aware of is Fannie Mae's automated underwriting systems (desktop underwriter, DU) problems with disputed accounts. Last year it was pointed...

One of the biggest delays in beginning the loan process is retrieving ALL of the necessary initial documentation from your buyers. As a rule, begin prepping your buyers to gather the following documentation. When you refer them to your loan partner this could save you a lot of time and paint an a...