Champions Mortgage - Steadkey

Legally, you can be a real estate agent and mortgage broker. However, it is very difficult to do both as they each pull you in multiple directions.

The way you become successful as an MLO is by building relationships. Your entire career is built on people trusting you — you are dealing with one of the largest transactions, if not the largest transaction, of their life. You’re helping to put families in homes and gain the cash they need to put their kids through school. That’s why relationship building and trust is critical.

Yes, one of the best advantages of being an MLO is the ability to work from home. One of my favorite parts of this career is the ability to be around my family and the flexibility to work from anywhere in the world while still being able to completely take care of my clients.

No, it will not cost you more to work with a mortgage broker over a bank. In fact, you will typically save money working with a broker. As a borrower, you do not pay the broker directly — your lender compensates the broker. Brokers also look at all of your options across multiple banks, which gets you the best deal. A bank has a limited number of options so they can’t always pick the best scenario for your situation.

A mortgage broker gives you more options and flexibility. They have the ability to work with many banks and lenders to meet your needs. On the other hand, a bank typically has a much smaller portfolio. For example, if you go into an AT&T store, they can’t offer you other carriers that may be a better fit for you.

If you are trying to complete a cash-out refinance, the documents that you need to refinance include photo identification, bank statements, pay stubs, W-2s, tax returns, mortgage statements on your current property, and insurance statements on your current property. For a rate-and-term refinance, you will not need an income verification method.

In most cases, it is safe to email mortgage documents. However, if you are emailing documents that have critical personal information, such as your social security number, it is suggested that you password protect those documents. In some cases, lenders can provide you with a safe and secure portal to upload your documents.

The documents that lenders and banks typically request for a mortgage pre-approval include: - Photo identification - 2 months of bank statements - 30 days of pay stubs - W-2s for the last 2 years - Tax returns for the last 2 years

Mortgage CRM software allows businesses to manage relationships with customers, allowing the business to grow. It is a system that stores and tracks customer information and prospect data to share within the organization.

Today, the typical mortgage pre-approval takes 24 hours. In some cases, it is approved the same day. We gather information from the borrower — so the quicker the borrower gets us the information we need, the quicker we can get it done.