It's funny to realize that I had started this blog two (2) years ago this month.. I wrote a couple of posts about the "new" RESPA craze and how so many of us in the mortgage industry were not happy with this enormous change... Two years later - I can honestly say that I have made friends with all the new regulations - the changes to the Good Faith Estimate (GFE) - I think is a good thing. Because all of the fees need to be accurate upfront - there are few "fee" surprises at closing and borrowers seem to be much more relaxed because of this.
A Little About Me....
I received my real estate license in 1986 - I was twenty-one years (21) old and decided to be a real estate agent - I soon realized that selling homes at the ripe young age of twenty-one (21) is not an easy thing - I was 5'2 - wore a size two (2) - and looked to be around sixteen years old.... After a couple of years of sitting around in open houses - I decided to go on the other end of the industry - the loan side.. I became a loan officer at a friend's mortgage company... The owners took me under their wings and taught me the loan business - I was soon making money - selling loans. I started processing my loans as well and soon learned I liked processing much better than selling...
I later went to work at a direct lender as a loan processor in their retail division. The direct lender got out of the retail side and I went to work for a very busy broker's office. This particular California broker is ranked one of the top 50 in the nation - busy busy busy -I thrived - I loved it - I think my record closing month was over 50 loans - this was in 1994 so my memory is a little fuzzy... While I was working there - I was approached by one of the lenders we worked with and was asked to come join their team as an underwriter... I jumped at the chance - I worked there until the mortgage industry "crash" in 1995 and their doors closed... To be honest - I wasn't too sad about this - I missed the processing side and decided to become a contract processor... and I decided to start a family.....
It's been almost sixteen (16) since I opened my "doors" to contract processing.. Since then I have been blessed with two girls - they are both teenagers now... I will be celebrating 23 years of marriage next month -And my loan processing business has prospered...
On a side note - Due to the new SAFE act regulations - I received my broker's license and NMLS endorsements this year so that I could continue giving excellent service.. So glad it's done and I passed all tests the first time!
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