Your Local Lender... Since 1975
It was pretty straightforward and easy. She took most of the information over the phone.- Danell T. Cordray
She did a lot of things different than other companies. She told me how the process was going to go right from the beginning. I felt like she was on my team. She was honest.- Anthony Wilson
Company News
Watch for Exaggerations on Appraisals
Any underwriter can tell you that one of the three “C’s” in making a decision stands for “Collateral”. Yes, the property is important. Properties have, for the most part, been appreciating in the last year or two, but problems still pop up with appraisals.   It is important for LOs and borrowers to know that comments on listings in the MLS can impact future...
Beware: Don't Get Conned by Real Estate Wire Transfer Scams
Famed bank robber Willie Sutton told a reporter he robbed banks “because that’s where the money is.” Today, he’d conduct wire transfer scams, because that’s one of the easiest ways to currently steal money. Unlike checks or other forms of payment, once a wire transfer goes through, there’s no way to stop or recall the remittance. Increasingly, hackers are...
A Brief Reminder of Why Fannie Mae and Freddie Mac Exist
Sometimes lenders are asked about the “secondary ” markets by borrowers. It is a legitimate question, especially as the existence of a secondary market for home loans leads to lower rates for borrowers, and also helps why Fannie Mae and Freddie Mac exist.   Let’s start with a simple example. Let’s say a person (“Joe”) has $1,000 in savings. Joe is...