Archive for January 27, 2012

Why Loan Officers Choose Inlanta Mortgage

Inlanta Mortgage | January 27, 2012 | One comment

Inlanta Mortgage executes a controlled growth strategy by seeking mortgage loan professionals with proven track records of sustainable success. But why should seasoned mortgage loan officers choose Inlanta Mortgage?

According to the results of the 2012 Annual Originator Survey by Hammerhouse Strategic Growth Partners, loan officers believe mortgage banking companies provide better support than banks, brokers and credit unions. In addition, loan officers prefer regional mortgage bankers over large national banks. Inlanta Mortgage is a regional mortgage banker providing a full range of support services including marketing, technology, accounting, human resources, compliance and training. Inlanta Mortgage also provides in house processing, funding and underwriting services. Click here for a comprehensive list of Inlanta Mortgage services.

The survey asked mortgage loan originators what one tool or resource they would change about their current company. 30% of respondents reported they wanted better marketing platform/continuity support while nearly 20% reported better technology (including integrated systems, easy to use and accessible over the web). Inlanta Mortgage’s marketing support team can assist loan officers with every aspect of their marketing plan including web site development, advertising copy and layout, and advanced customer relationship managment. Inlanta Mortgage’s technology platform includes web accessible systems, advanced accounting systems, and full service technology support. Inlanta Mortgage was named a Top 25 Tech Savvy Lenders by Mortgage Technology Magazine.

Integrity was listed as the most valuable characteristic sought from company leadership. Honest and ethical business practices are the hallmark of the company’s culture and a key driver of the success of Inlanta Mortgage. The company’s approach to quality and integrity in its business dealings, and in all relationships with employees, vendors, and investors has been Inlanta’s foundation since 1993.

Also noted in the survey was the number one reason why a loan officer would leave their current organization for a new firm. 24% of responsdents stated that product flexibility and opportunity was the main reason they would switch organizations. Inlanta Mortgage utilizes NYLX to provide loan officers with multiple investor options.

If you are a loan officer seeking to partner with a firm that prides itself on integrity, cutting edge technology, and full service support systems – contact Joe Ramis, Vice President of Branch Development at 262.439.4260 or via email at joeramis@inlanta.com. Inlanta Mortgage is actively seeking branch managers in Massachusetts, Colorado, and Arizona. Mr. Ramis welcomes the opportunity to discuss the Inlanta Mortgage partnership program with seasoned mortgage loan officers that seek a mutually beneficial partner relationship.

To register for a partner account and submit a partner application online click here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

 

 

 

 

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What Does the Payroll Tax Cut Extension Have to Do with the Mortgage Industry?

Inlanta Mortgage | January 25, 2012 | No comments

What Does The Payroll Tax Extension Have to Do with the Mortgage Industry?

Payroll tax extension funded through increased guaranty fees.

In December, Congress agreed to a last minute deal extending the payroll tax cut. While the tax cut extension is very beneficial to Americans earning up to $106,800, the tax cut extension needed to be paid for somehow.  Those funds are being acquired through Congress mandated G-Fee increases.

What are G-Fees?
G-Fees are guarantee fees charged by GSEs or government sponsored entities, like Freddie Mac and Fannie Mae, to help protect against credit related losses in the overall mortgage portfolio. It is a lot like insurance and helps lower the risks associated with borrowers with good (not perfect) credit. Borrowers with less than perfect credit can gain access to today’s rock bottom rates as a result of these guarantee fees when they otherwise may not.

So What Does This Mean?
Home buyers and refinancers will be impacted by the increasing G-Fees by at least 10 basis points on the rate.  This will most likely impact the consumer by .125% in rate. Mortgage Bankers Association CEO David Stevens said the increase could mean an extra $4,000 in fees on a $200,000 mortgage. The Congressional Budget Office recently estimated that the increase will ultimately pay for about $35.7 billion of the cost of the payroll tax.

What exactly is the impact of the rate increase?
As an example, for a $200,000 home loan, the increased g-fee (assuming an approximate increase of .125% in rate) would equate to $250 more per year in interest, or $7,500 more over 30 years. Someone buying or refinancing a home can certainly choose to buy down the cost with cash up front – yet most borrowers will not.

Who will be impacted?
All new borrowers of Fannie Mae and Freddie Mac loans will be impacted by this increase. FHA loans will also be impacted as annual mortgage insurance premiums increase by 1/10th of a percent.

When will this take effect?
Though the official date that guarantee fees will increase is April 1, 2012 – rate sheets are already seeing increases. Why? Home loans that are being originated now are not likely to be closed, pooled, and securitized until April – the increase is being priced in earlier. Increased G-Fees will be in effect until October 1, 2021.

Need more information?
Contact a licensed Inlanta Mortgage loan officer to see if how this will affect your plans to purchase or refinance a home.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

Category: Mortgage Articles | Tags: ,

Adjustable Rate Mortgages – How Do They Work?

Inlanta Mortgage | January 23, 2012 | No comments

 

How do Adjustable Rate Mortgages Works?

During the last decade, Adjustable Rate Mortgages (ARMs) have increased in popularity among consumers. These days, few homeowners (especially first-time buyers) remain in their homes for more than seven years. In this case, it may make sense to get an adjustable rate mortgage with a lower rate, especially one with a 5-year or 7-year fixed portion, since they won’t have the loan long enough to be concerned about rate fluctuation.

Adjustable Rate Mortgages have three main features: Margin, Index, and Caps. The Margin is the fixed portion of the adjustable rate. It remains the same for the duration of the loan. The Index is the variable portion. This is what makes an ARM adjustable. Margin + Index = Interest Rate.

It’s important to understand that there are many different indices: The 11th District Cost of Funds (COFI), the Monthly Treasury Average (MTA), The One Year Treasury Bill, the Six Month Libor, etc. Each index has its own strengths and weaknesses; some are slow moving, others are more aggressive.

The third and final component of Adjustable Rate Mortgages is Caps. Caps limit how much the rate can fluctuate over time. Annual Caps limit changes to the annual rate, whereas Life Caps provide a worst case scenario over the life of the loan.

Adjustable Rate Mortgages – How Do They Work? was written by Jim Marcinkowski of Inlanta Mortgage in Ft. Myers, Florida (NMLS# 182565). Jim is a licensed mortgage loan originator and the branch manager of the Ft. Myers branch. If you would like to contact Jim, you can reach him at 239-936-4232, through email at jimmarcinkowski@inlanta.com or find him online at www.teaminlanta.com.

Click here to find a licensed mortgage loan officer near you. Click here for more information on Inlanta Mortgage loan programs.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

 

 

Category: Home Buying Process | Tags: , , , , , , ,

The Day After – Holiday Open House

Inlanta Mortgage | January 20, 2012 | No comments

Marilyn Ornst from First Weber, Tia MacNerland from Inlanta Mortgage, and Karla Argeroudis from Wisconsin Title & Closing enjoying the festivities!

Last night Inlanta Mortgage employees, friends, and business partners gathered for a night of food and spirits at our Brookfield, Wisconsin offices for our Holiday Open House.

Paulee’s Barbacoa tickled our taste buds with smoked chicken and pork tenderloin sandwiches, meatballs, italian sausage, chicken wraps and the best bruschetta ever. Our guests also enjoyed a spectacular assortment of wines served by Dan Immel from PRP Wines.

Jackie Lefco from CBCInnovis said, “Thanks again for including me in your lovely second annual open house.  I appreciate your business and love being included in your group gatherings.”

Several of our administrative employees had the chance to meet some of the Hales Corners team who recently merged with Inlanta Mortgage. Lee Lycan, a licensed mortgage loan officer from Hales Corners, said, “It was fun night and it was nice to meet everyone!”

Last night also kicked off our Facebook fan and Twitter follower drive.

Get Social for a Good Cause!

For each new Facebook LIKE and Twitter FOLLOW, Inlanta Mortgage will donate $1.00 to Habitat for Humanity of Waukesha County*. Tell your friends!

Find us on Facebook here.

Find us on Twitter here.

Like Habitat for Humanity of Waukesha County here.

We sincerely appreciate everyone braving the frigid cold for a little fun! We will be posting pictures of last night’s festivities on Facebook for your enjoyment.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

*Inlanta Mortgage will donate $1.00 per new Facebook LIKE or Twitter FOLLOW until Monday January 23rd at midnight. The total donation amount is limited to 500 or $500 in total donations to Habitat for Humanity of Waukesha County.

Category: Mortgage Articles | Tags: , , , , , , , , , , , ,

INLANTA MORTGAGE EXPANDS TO HALES CORNERS

Inlanta Mortgage | January 16, 2012 | No comments
Hales Corners, Wisconsin

Hales Corners, Wisconsin

Inlanta Mortgage is pleased to announce Tracy Anderson and her team in Hales Corners, Wis., has merged with Inlanta Mortgage. Branch Manager Anderson brings more than 20 years of experience to Inlanta, along with a highly experienced team of mortgage professionals.

Anderson chose to partner with Inlanta due to its strong and positive reputation in the industry and helpful support staff. “Local underwriting, state of the art mortgage origination software and a reliable pricing engine are just added bonuses to the reasons why we decided to join Inlanta. We felt that Inlanta was a great fit for us!”

The Hales Corners staff has built their business on referrals and repeat customers by providing excellent service and a high level of communication. With the Inlanta partnership, Anderson and her team will continue to provide a high level of service and according to Anderson, “It will give us the capabilities to further help our customers achieve their dreams of homeownership.”

Inlanta Executive Vice President Nicholas DelTorto stressed the importance of partnering with a company like Inlanta during financial times like these. “The opportunity in the future will be great for those backed by solid companies, the survivors will get more market share by working to develop and deliver high quality service locally as the market volume continues to grow and recover.”

The Inlanta Mortgage – Hales Corners branch can be reached at 5300 S. 108th St., Hales Corners, Wis., 53130 or at 414-425-9555. Find the Hales Corners branch online at http://www.inlanta.com/Hales-Corners/.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

Photo credit to http://www.halescorners.org/.

Category: News & Events | Tags: , , ,
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