Job Posting: Mortgage Loan Processor

Feb08

Michael S. Rosenbaum San Diego Mortgage Loan OriginatorSeeking a seasoned Mortgage Loan Processor, a full time position working in our East Village/Downtown San Diego office.  The position is full time,  with salary, bonus, vacation and benefits.

Primary responsibility is to process loan applications in a proactive and timely manner from receipt into processing status through funding or final disposition.   This includes gathering needed and complete   information and documentation from consumers, loan officers and third parties so that when loan is submitted to underwriting the loan is approved with minimal conditions.   Individual in this position will be responsible to effectively manage a pipeline of 30 loans and close a minimum of 10 loans per month.   This position is responsible to partner with 4 to 8 loan officers and collaborate with underwriters and closers to originate process and close quality loans in a timely manner.  Individual in this position utilizes business and collaborative skills to successfully motivate consumers, loan officers and third parties to provide necessary documentation timely to close quality loans.

This person exhibits desirable and professional behavior and teamwork in accomplishing individual, team, division and company goals. This position does not have credit approval signing authority.  However the position has responsibility to sign off certain tasks and conditions.

Please submit resume, cover letter etc. to: cvinecombe@firstcal.net

 

Rosenbaum Featured in Reuters Article, Syndicated Worldwide

Oct31

I’m proud to announce that I was quoted in a Reuters article that was syndicated all over the world. Essentially, the article, written by Cynthia Ramnarace, explains the how difficult it can be for older people or self-employed people to get qualified to refinance a loan. With stricter lending policies in place, it can even be difficult for someone who has never missed a payment qualify for a loan that will decrease their monthly payments. You may think it’s crazy (most people do), but the stricter lending regulations were put in place in order to prevent a major fallout like we saw a few years ago.

Here are a few links to the article:

Reuters

Fox Business

Huffington Post

South Bend Tribune

HARP Refinances Surging – Are You Eligible?

Jun04

The Federal Housing Finance Agency announced on Friday that HARP Refinances have surged in the first quarter, helping more underwater borrowers. This is great news for everyone, especially with rates as low as they have been this past week.

We are swimming in refi’s right now and due to HARP 2.0 and the new rules, more people are eligible than ever before. A lot of condo owners that I couldn’t help last year are now eligible to refinance their loans, especially those that are upside down. For example, I worked with a condo owner that was 75% upside down and we were able to refinance their loan.

So, bottom line – it’s worth talking again. These rule changes are making a lot of “no’s” into “yes’s.” With so many people taking advantage of these low rates, expect a little longer for the transaction to take place – it used to be around 30 days, now be ready for 45 days, but as always, we deliver.

Hope and HARP 2.0

Nov06

News of President Obama’s changes to the Home Affordable Refinance Program (newly dubbed HARP 2.0) sent my phones ringing off the hook with renewed hope and interest. As with all things in the mortgage industry, we are quick to take away but slow to roll out new product. Once fully approved, expect any new rules and programs to be slow to roll out.

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