Broker Magazine articles from February 2004

Broker Magazine archives from February 2004

Jack Be Nimble.(Column)
February 1, 2004... This column is being written just after the dawn of the New Year, 2004. At this point in time, the outlook for the mortgage broker industry in this year is uncertain. Ironically, the uncertainty is not from a pure business perspective....

Success Movies to Escape the Abyss With.
February 1, 2004... The author of "Living the James Bond Lifestyle," Paul Kyriazi, not only watches movies of his hero, but also turns to other sources when he needs an extra push to get him to the next level. His list of success movies includes: * "Rocky...

Succeed On Your Own Terms.(Brief Article)
February 1, 2004... Negotiation expert and author Ed Brodow said success in life must be based on your own definition of that term, not the one imposed on you by society, your parents or your teachers. He said people have been brainwashed to accept that...

Your Year for Guaranteed Success.(Restructuring)(Brief Article)
February 1, 2004... In the next few months, business leaders of all types will face one of three major challenges: rebuilding their organization, restructuring their organization, or pulling their organization out of "strategic gridlock," said business performance...

True Toughness Is Mental, Not Physical.(Brief Article)
February 1, 2004... Toughness is the hallmark of performance champions, but true toughness refers more to the mental aspects rather than the physical, said business and sports consultant Leif H. Smith. He has five tips to help individuals improve their mental...

The Trainers: These four are getting the message out to the industry that times are changing and originators need to change, too.
February 1, 2004... There is an old saying, "Those who can do, those who can't teach." The top trainers in the mortgage industry disprove that statement. They can both do and teach. Four of the best are profiled here and all are currently or were top...

Allied Still Number One: The net branch firm leads all mortgage brokers in 2002 production volume.
February 1, 2004... The nation's largest mortgage broker remains Houston-based Allied Mortgage Capital Corp., according to the data compiled in the 2002 Survey of Mortgage Brokers conducted by Broker's statistics gathering unit. Allied, which reported volume...

TOP Loan Brokers in '02 & '03 Estimates.(Illustration)
February 1, 2004... (Dollars in Mils) (part 1 of 2) Rank Company Name 1 Allied Mortgage Capital Corp. 2 L.J. Melody and Co. 3 Hometown Mortgage Lending Co. 4 Pacific Bay Finanical Corp. 5 NorthMarq...

Changes Proposed to NJ Law: Industry supports clarifications to controversial measure.
February 1, 2004... NEW JERSEY Bill Approved by Senate Committee A bill has been introduced in the lame-duck session of the state Senate that clarifies the New Jersey Home Ownership Security Act. The bill, voted out of the Commerce Committee by a...

Not-So-Smooth Sailing in San Diego: Our panel of conforming and non-conforming wholesalers and brokers discuss RESPA, the future of the business and Bachelor Bob.(Real Estate Settlement Procedure Act)
February 1, 2004... MARK: It was thought that HUD would announce its RESPA reform final rule at this conference. MBA had a few quibbles and Secretary Martinez ended up not coming. How do you think it is going to end up? What type of rule will be promulgated after...

Going It Alone: Comments from our chat room at www.mortgagegrapevine.com on being a one-person shop.(beliefs, opinions and attitudes)
February 1, 2004... MnMortMan: I was a one-person shop for a long time and now have one assistant. I generate more business but my bottom line is the same. I am just curious about other one-person shops. Do you like being alone and doing all the work? Or would you...

Create Habits to Get Success Setting goals does not work, as two months into the New Year and those resolutions are already by the wayside.
February 1, 2004... It's February, by historical norms, 90% of Americans-and quite possibly you-will have broken ALL of your New Year's Resolutions. Most of the goals you set for January have already been missed. Why, in a country with so much knowledge and...

Ask the Experts: The nation's best sales people on the industry's hottest issues.
February 1, 2004... This Month's Question: Should brokers consider getting a warehouse line of credit, and if so, why (or why not)? Matthew McBride Loan Officer Bryan Equities Newport Beach, CA "When it comes to warehouse lines of credit, it...

From Broker To Banker: Until recently, many brokers preferred to remain as brokers. Regulatory and legal pressures are forcing them to consider this option.
February 1, 2004... Doing business successfully in the tougher environment the mortgage industry is experiencing will require more flexibility and a wider range of skills than brokers have had to demonstrate in many years of refi abundance. The proposed changes to...

How to Get Your First Line.(mortgage loan repurchase facility )
February 1, 2004... Jeff White, director of National Mortgage Capital Corporation (NMCC), Placentia, Calif., explains the company's new mortgage loan repurchase facility providing mortgage brokers and bankers the opportunity to board A through D firsts and...

3t Systems Software Helps Move Up.(Brief Article)
February 1, 2004... Among the software manufacturers looking to cater to the mortgage broker moving up to mortgage banker market is Denver-based 3t Systems. The company's primary product, Mortgage Cadence, said company president Michael Detwiler, is an enterprise...

BROKER Loan Database.(Illustration)
February 1, 2004... (part 1 of 5) Min Credit Score Program Name 500 Credit Advantage 500 Documentation Advantage 600 Jumbo Advantage 500 Prime Advantage 500 6% Seller Concession at 100% LTV 500 ...

Getting Ready For April 15 '05: Now is the time for business owners to start preparing for next year's taxes.
February 1, 2004... In talking with some certified public accountants regarding ways on how to start preparing early in this year for taxes due on April 15, 2005 brings to mind the old saying: "A good start on a project, makes for half of the work ahead!" The...

Upcoming Sales and Marketing Conferences: BROKER: February to May 2004.(Calendar)
February 1, 2004... This calendar of events contains a number of key events worth noting: NAMB's Legislative Conference brings members to Capitol Hill. February 12 Annual Tradeshow Florida Association of Mortgage Brokers, Jacksonville Chapter ...

Advertisers' Index.(Illustration)
February 1, 2004... American Mortgage Network 39 Argent Mortgage Co. 10, 11,12,13 Bank of America 19 BNC Mortgage Inc. 44, 45 Business Provisions ...

The Next Evolutionary Step: Moving from LOS and portals to multi-lender Web-based platform represents a dramatic shift for brokers and wholesale lenders.(loan origination software)
February 1, 2004... Anyone attending the 2003 annual gathering of mortgage brokers in Baltimore had to be impressed with the turnout. The large throng was a testament to this entrepreneurial group of mortgage professionals who have been the high-performance engine...