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What Mortgage Market Niche Are You In ?

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veracious
Established Contributor

What Mortgage Market Niche Are You In ?

I found an article  pertaining to Mortgage Market Niches.

 

Can someone attest to the accuracy of  this information found here ?

 

 

                                          The Mortgage Professor's Website

 

 

Thanks for any replies.


 

eta: correct subject title


_________________________________________________
"You may never know what results come of your actions,
but if you do nothing, there will be no result" ~ Mahatma Gandhi
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2 REPLIES 2
ShanetheMortgageMan
Super Contributor

Re: What Mortgage Market Niche Are You In ?

That author uses a lot of words that no one else in the industry uses.  The correct term he was searching for is called a Loan-Level-Price-Adjustment (LLPA), I am surprised he wasn't aware of what the actual term is called.  You can read the explanation of LLPA's at: 

 

http://ficoforums.myfico.com/t5/Mortgage-Loans/How-lenders-see-you/m-p/817510#M73227

http://ficoforums.myfico.com/t5/Mortgage-Loans/Any-chance-for-a-loan-Please-read/m-p/669768#M65984

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
Message 2 of 3
veracious
Established Contributor

Re: What Mortgage Market Niche Are You In ?

Thanks, Shane.

 

I knew I could count on you to come along and set me straight.

I'm still learning. The mortgage market has changed exponentially since I last bought a home.

 

I appreciate the link, as I will now have new google search terms to investigate.

_________________________________________________
"You may never know what results come of your actions,
but if you do nothing, there will be no result" ~ Mahatma Gandhi
Message 3 of 3
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