Ontario Canada, there must be a reason why they do not want to renew it. Are you in default ? What circumstances do you have that made the lender reject your renewal. Could it be that what you owe is higher than what the value of the property is ? If you can tell me the reason, I may be able to give you a more definite course of action - email me victor_catalan@centum.ca

If you have a commitment from the lender, then they cannot just change their mind unless they found something wrong with your application (i.e. undisclosed credits, wrong information on income source, different source of down payment as what was presented initially) . If you do not have a written commitment from the lender and you only have a verbal commitment, it may be difficult to bring them to court. The way we do pre-approval is like getting a real mortgage - submit all relevant documents up front and get the lender give us a mortgage commitment good for x-days. This assumes that your financial condition would be the same or better when the mortgage application with a property is submitted.

It should not matter. You just need to call the lender to renew and they can most of the time do it by phone.

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I have an interview with a contact i made that's the ceo of a mortgage company. he is giving me a general interview with no specific job in mind, but i want to make the best impression possible. i have some small experience with mortgages because i worked in a loan center, but i would like to be able to learn more about mortgage bonds and the business before interviewing. anyone that could give me any sort of direction would be great. even big topics, links, or books to reference would be fantastic, i will research it own my own. thank you.

Maybe you can try looking up mortgage topics on Wikipedia.org. They usually have a wealth of info on all sorts of topics.

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What steps do i take

You seem to be a couple months behind the curve

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You have to have a State license, and post a bond in whatever State you are in.

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I got my small lead generation company for us mortgage and have huge orders in my piple but not enogh money to generate more business. i am looking for a business partner who can work on my dynamic idea and start making good amount of money. here is a condition i need some one experienced in mortgage industry, with atleast 2 years of experiece. mortgage broker or lender probably would be a best person. leave me your e-mail id with phone number or mail me at mohit@impressiveleads.com "i don't want you to trust me, i want you to test me"

I would highly recommend you to partner with www.wetleads.com they special is Mortgage Lead that are prescreened 2 times and thus a guarantee of high quality You can visit them at www.wetleads.com/lion-mortgageleads

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Is there any mortgage companies in ohio that will give a home mortgage to someone who has and open bankurptcy or who are in a chapter 13 and the chapter 13 has been making payments for one year one year. if so please respond by letting me know who they are thankyou

Yeah, watch out for anyone who tells you yes on this answer. They are probably a predatory lender. FHA won't allow this, and more than likely, the bankruptcy court wouldn't, either. In order to get new credit/loans in a 13 before it's paid off, you'd have to get approval from the judge handling your case. Even if this happened, you'd have to try a conventional loan with a good chunk of money down, a high interest payment, and I assume you're not looking for that since you mentioned FHA. =) Good luck. Personally, I would just wait things out - or maybe try and find a land-contract deal, whereby you get a seller who is willing to act as the "bank", letting you pay them (as if you were renting) the mortgage each month, with a contract to have you refinance and assume/get a new loan whenever you're out of bankruptcy. If that's a few years from now, then good luck, because land-contracts usually don't last longer than a year. I have seen one for 2 years ONE time. Obviously, because the goal is to get the seller out of the loan.

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What is the best way to advertise my business to mortgage companies and loan officers. i have a website now, but other than that, what is the best bang for my buck when it comes to advertising methods.

In addition to the good answers you've gotten so far... Join local mortgage professional organizations, like AMPW, NAMB, and MBAA and attend the meetings to meet prospective customers. Do what the Title Company and MI reps do - bring stuff to the offices. Bake cookies or brownies and bring them in with your card. (Remember to not violate RESPA.) And remember, keep you message to them broadcasting on WII-FM - What's In It For Me. Tell them how you will clear their plates of the stuff that keeps them from making money - the paperwork - to allow them time to spend on the things that make them money - finding customers and closing loans. And once you get customers, treat them like royalty and do the job right and quickly. It's easier to keep customers than get new ones. Good luck.

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I am working for my nephew who just opened his own mortgage company. he is great at marketing the traditional ways like networking with the realtors, builders and people in the community through chamber of commerce, etc......i am looking for any ideas you may have used to attract the attention of potential clients in new and exciting ways.....something no one else around here is doing. any ideas?

Rent out a room at the local Library and hold informational meetings for people to ask questions on different topics. The more they come the more comfortable they are with you and when they decide to pick a mortgage company they will think of you . Give and you will reieve

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I am a fully llicensed commercial real estate broker, who wishes to open up a mortgage brokerage division or new company... how do i begin?

It's true you have to make sure you don't violate local or federal laws. Check with your local real estate attorney to see what the regulations are where you do business. You might also consider partnering with someone who's already in the mortgage business. Many real estate offices have a partnership or affiliate agreement with a mortgage company that's "their" ; lender. Your attorney can tell you about the disclosures you'll need to give your clients to be able to make a commission on both the real estate and mortgage side. (If it's even allowed in your state.) Some offices even have an insurance salesperson as well to offer a "one-stop-shopping" atmosphere to their clients. But I would suggest partnering with people who already have experience in these other industries. It's not that you can't do it. But you might find yourself spread a little too thin and becoming a jack-of-all-trades/master of none. The law in all these industries change often, and it would be difficult to be the sole responsible party who has to keep up with all those changes. I'd make my first stop the attorney. After that, find some partners/affiliates who will contract with you. Also....these 'partners/affiliates' can sublet some of your office space which can be an additional source of income for your office. There may be some that completely disagree with this philosophy. Just my 2 cents. Good luck!

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My house went into foreclosure back in 2004/2005, once in foreclosure a sheriff sale was scheduled for april 2006. the price of the loan $42,000 was not satisfied so possession of the house was granted to the mortgage company (i was told this was the same as it being sold to a third party) the house was then sold in october 2007 for $73,600. when i recently pulled my credit report i have the mortgage listed by the original mortgage company (option one) and also by another mortgage company (american home mortgage service) whom they obviously sold the mortgage to. when i recently pulled my credit report i learned of these two listings as well as a judgment that was placed against me in the amount of the loan ($42,000). shouldn't this amount be listed as satisfied due to the possession being granted to the mortgage company? i called a lawyer and she stated that the judgment should be listed on my credit report as satisfied and well as the mortgage lenders entries. as of right now the entries by the mortgage companies are showing as open mortgages. the lawyer stated that she could fix this for $660. what do you guys think? is this something that i can do myself with a little diligence and if so how, or should i pay the lawyer? any help would be greatly appreciated. sincerely, sooooooooo tired of renting!!!!!

Not sure what state you're in, so it may be a little different than where I am. It's probably something you'll want to let the lawyer handle, as a lawyer's letterhead seems to have a lot more influence than phone calls from someone the mortgage company may consider to be a deadbeat. The lawyer's fee sounds more than reasonable - at least it would be in my home state - if she's got to go through the legal formalities of fixing the problem, but you might want to call her and ask her if she can first send out a letter demanding that the judgment be marked satisfied and your credit report updated before instituting any formal proceedings to have it done. That might fix the problem for $50 - $100 or whatever she charges for that sort of thing. If they ignore that initial demand, however, go ahead and pay her, as the formalities, albeit simple for a lawyer, are a bit more complicated than a layperson might be able to fathom. Be aware, however, that if she sends out that initial demand letter and gets no positive results, you'll likely have to shell out the full $660.00 in addition to the cost for the letter. Good luck!

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Ok, so i opened up a mortgage company in long island, new york and now how do i go about hiring people? where do most of the people go to look for a job so i can place an add there, and for anyone who is interested in marketing / sales job please e-mail me @ sherazkader@sbcglobal.net or just reply back to this thank you very much everyone..

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