Exciting Program Updates!
We have been given a tremendous opportunity by our wholesale lenders to update our existing programs. The combination of great products, pricing, programs and support we are emerging as the go to...
View ArticleWe Offer Business Loans
Unless you are extremely well qualified walking into a bank and obtaining financing will be frustrating at best. MortgageDepot.com and its Loan Officers ends these frustrations with real funding...
View ArticleTo Be Determined (TBD) Pre-Approval
Get Pre-Approved while you shop for a new home. Our wholesale lenders will allow us to issue a mortgage commitment subject to contract of sale and appraisal on the property in question. This is good...
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What Real Estate Agents Need to Know
TILA RESPA Integrated Disclosure (TRID) Rule Affects Entire Housing Market October 3rd, 2015 the CFPB is implementing the new TRID disclosure which technically eliminates the Good Faith Estimate and...
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HomeStyle Renovation Loans
Renovation loans expand a consumers power to own a home that best suits their ideals at an affordable price. • Allows a borrower to obtain a more favorably priced property in a prime location. •...
View ArticleTRID POLICY EFFECTIVE 10/3/15
Our wholesale lenders will be issuing the Loan Estimate on behalf of all mortgage brokers. In order to facilitate this, we MUST submit our entire loan submission by 5PM the first business day...
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TRID Training
Cgap Inc., is committed to providing its customers with the highest level of customer service from the initial phone call until the loan closes and beyond, and we also want to set up a loan for you...
View ArticleWe specialize in time sensitive situations
Whether you are a business owner who needs quick year end capital, or a non-conforming property owner who has a ballooning note or wants to cash-out before the holidays—we can help! 2 day to 2 week...
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Rates Have Dropped January 2016
The stock market had one of its worst days in 2016 dropping 249 points causing the interest rates to drop even lower than they already are. We are advising everyone who has not yet had a chance to...
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Your First Stop for Home Finance
In todays economy, financial markets fluctuate constantly, and mortgage rates change often, sometimes 2 or 3 times a day! To get the most current rates, take a few moments to complete our...
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How We Schedule Closings
To All our Valued Customers; We wanted to make sure you had this information handy for getting your loans cleared and scheduled to close. You do NOT need to wait until your loans are CTC ( clear to...
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For our Table Funding Clients – TRID Tip
Intent To Proceed Documentation Required for Pre-Closing Review Intent To Proceed documentation is required as part of the Pre-Closing Review. The documentation must be written and can take the form of...
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MortgageDepot is Hiring PROCESSORS NOW!
Join Us We’re just like you. We’re a team of mortgage professionals who want to make a difference every day. That’s what we do and what we do well. We want your expertise on our team. You will be...
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Brokering vs. Banking of Mortgages
Myth Fact Mortgage Banks offer the same or better products Mortgage Brokers have access to an array of lenders to place the loan with. That selection...
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New Loan Amount Limits 2017
As of January 2017 the national loan amounts for both conventional and FHA loan types have increased. This shows that home prices are rising and the loan limits need to be adjusted to reflect that. At...
View ArticleHOT THIS WEEK
Our Exclusive! Appraisal Waivers Now Available We have partnered with a wholesale lender to give us a big advantage over our competition: appraisal waivers. This means we run the loan through Fannie...
View ArticleSplitting Escrows
This is really never been heard of before but we now offer borrowers the ability to split paying escrows. Meaning that borrowers have the flexibility to either escrow for taxes or insurance. Before...
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