In a couple of weeks, dozens of mortgage originators from around the US will travel to Scottsdale, AZ to attend the 2012 winter edition of the Mortgage Tech Summit.
They’ll have the opportunity to listen to a variety of industry leaders discuss using technology to reach people looking for mortgages, help maintain their database, be more productive and process loans more efficiently.
Peer to peer inspiration is the MTS mantra; passionate professionals gathering to discuss mortgage origination and its intersection with technology. At our core, we believe that the best way to learn to implement technology is to interact with and learn from other originators that are already doing it. Every speaker has a passion for technology that will be evident when you hear them present. No motivational speakers here.
The mortgage professionals who attend will have the opportunity to experience “the good, the bad and the ugly” of online mortgage advertising.
That video is great!
I’m excited to have been asked to be a speaker at this event (although I’m not an industry leader). My topic is going to be Mortgage Internet Advertising Compliance.
Here is a rough outline:
Mortgage Internet Advertising Compliance
Introduction
Types of Advertising
Websites and Blogs
Social Media
Email Marketing
Online Classified Advertisements
Arizona Rules and Regulations
Arizonas Fraudulent Practices Act (ARS 44-1481.)
Federal Rules and Regulations
Federal Trade Commission Advertising Guidance
Truth In Lending Act
Deception
Unfairness
Bait Advertising
Comparative Advertising
Statement of Policy Regarding Comparative Advertising
Endorsements and Testimonials
Internet Advertising
Fair Housing
Antitrust Violations
Copyright Violations
Trademark Violations
Fraud
Privacy
Spam
The Mortgage Tech Summit is going to be a great event. I had the opportunity to attend the inaugural event last June in Denver. I learned a ton of new things, met some great people in the mortgage industry and I had a fantastic time. I’m looking forward to the summit and I hope to see you there.
With a Maryland 203k Loan, new homeowners can purchase that handyman special.
1.Locate & put a contract on the property
2.Determine value w/ a home appraisal
3. Have the 203K underwritten using FHA guidelines.
4.At closing, the seller is paid off. Depending on 203K type, you can either get cash at closing to fix the handyman special or put the $$ in an escrow account and take out in draws.
5.Homebuyers can put as low as a 3.5% down payment per FHA guidelines.
This is a great loan with endless opportunities in Maryland. Contact Bill Sohan at Academy Mortgage Corporation 410-963-2308 or bill.sohan@academy.cc today for all the details.
Mold has become an ever presentnuisance in vacant hhome. Due to the expected rise in bank-owned or foreclosed properties, it is essential that everyone involved in a203Ktransaction understands the need for an expert. Mold is difficult to completely remove and it’s removal should only be left to the experts. Not only will most investor’s require this, it also a good way to prevent future costly lawsuits due to potential illness from the home. Evidence of any water should be inspected thoroughly and when in doubt an expert should be consulted. Keep in mind that many underwriter’s will be on the look out for any evidence of water damage. Make sure you use a reputable company with years of experience in mold abatement.
Academy Mortgage is sponsoring a FHA 203K seminar on November 3d from 8:30 to 11:30 at GBBR. We will speak of the myths and truths of the 203K loan and how it can increase your sales and open doors to new homebuyers. This is a great opportunity for realtors, contractors and everyone else involved in the process to understand the 203K loan before the next round of foreclosures flood into the market. Breakfast will be served from 8:30 to 9:30 AM by The Omelet Queen * voted Baltimore Best 2011* To reserve your seat please contact bill.sohan@academymortgage .com or 410-963-2308.
Academy Mortgage Corporation presents a FHA 203K Seminar on November 3, 2011 from 8:30am to 11:30am. The seminar will be held at the Greater Baltimore Board of Realtors: 1306 Bellona Ave; Lutherville, MD 21093.
Mike Wilcox, Academy National Renovation Sales Manager, will be speaking about “the myths and truths of the 203K loan and how it can increase your sales and open doors to new buyers”.
This is a great opportunity to understand the 203K loan before the next round of foreclosures flood the market. 203K loans benefit homeowners/buyers, realtors and contracts.
Breakfast will be served 8:30-9:30am by “The Omelette Queen”.
An FHA 203k loan is an awesome program if you are planning to purchase a Maryland foreclosure that needs a some rehab work. Even though there are some great deals on Maryland foreclosures, many people are hesitant to explore that option due to the amount of repairs and initial investment involved with purchasing a bank owned property.
Here are three great reasons to consider an FHA 203k loan while looking for new homes with your Maryland real estate agent:
1. You keep your cash and roll the cost of the repairs into the loan. 2. One loan with a great low fixed rate. 3. Low down payment.
BONUS – Can also be used to renovate an existing home.
*Disclosure – There are obviously qualifying guidelines associated with the Maryland FHA 203k mortgage program, but we can personally go over your individual financial plan and scenario on the phone or at my office. Many loan officers still think that a 203k loan is difficult to qualify for, however, things are much different now. Feel free to email or call if you have any specific questions about how easy this program really is in Maryland:
Bill Sohan, Branch Manager, Academy Mortgage Corporation; 410-963-2308; bill.sohan@academy.cc
Mortgage rates have reached a historical low. Now is the perfect time to refinance. Rates are as low as 4.125 for 30 year and 3.75 for 15 year mortgages in Maryland. This the best time to see how much $$ you can save!
For more information, please contact Bill Sohan at Academy Mortgage at 410-963-2308 or bill.sohan@academy.cc
3150 S. Catalina Drive Suite 4
Yuma, AZ 85364
Phone: (928) 247-9089
Fax: (928) 247-9265
License: 0116067
NMLS#: 252348
In an effort to show support and gratitude to Yuma’s military community, Derek and his team have recently announced their support of the Boot Campaign and have challenged Yuma to “Get Your Boots On”.
Academy Mortgage in Yuma AZ constantly provides premier customer service and responsible lending practices.
Derek and the Yuma mortgage team have the experience & expertise to serve the specific needs of every client.
Contact Academy Mortgage in Yuma with questions about
Down Payment Assistance Programs,
FHA Purchase Loans,
FHA Kiddie Condo Loans,
FHA Refinance Loans,
FHA 203K Loans,
VA Loans,
VA Streamlines,
USDA Loans
and many other conforming and nonconforming loan programs.
Regardless whether you are buying a new home in Yuma or refinancing a current mortgage, choosing the right loan officer can make all the difference if having a smooth transaction. The best loan officers have experience, knowledge and work for companies who have in-house decision making authority when it comes to underwriting and funding your loan. At Academy Mortgage, your Yuma Arizona Mortgage Company, we have the best loan officers who can help you with your loan.
Derek Egeberg is the Branch Manager and Sr. Loan Officer for Academy Mortgage in Yuma, Arizona. Derek is NMLS Licensed (#180899) and has over 12 years experience of government lending, both on the mortgage broker and banker sides of the business. His passions are: helping first time home buyers as well as those who may need credit counseling. He resides in Yuma, AZ with wife Sheri and three wonderful sons.
Throughout my lending career, I have been known for my knowledge, experience, honesty and integrity. I hold my mortgage and accounting experience in high regard. I have been involved in the real estate finance industry since 1996 when I took my first job as a loan office.
Throughout my lending career, I have been known for my knowledge, experience, honesty and integrity. I hold my mortgage and accounting experience in high regard. I have been involved in the real estate finance industry since 1996 when I took my first job as a loan office.
