raman kandola's (kandolamortgage) Blog

 Sebring, Ownit, Mortgage Lending Network, Banco Popular. Secured Funding of California has closed its wholesale division, 33% of their production. Based in Southern California, they posted a notice saying that, based on "market conditions," it has "stopped funding new applications, and will have...

Secured Funding of California has shuttered its wholesale division, which accounts for about one-third of its total production. As MortgageWire neared its deadline, a company official declined to comment. It is the latest in what is turning out to be a long line of nondepositories that have run i...

 There is some rumored news in the credit report biz. National credit bureaus Equifax and Experian supposedly changed their policy so they expect to be paid every time a lender or a mortgage investor obtains an applicant's credit file as part of the financing process. When a broker originates a l...

According to Housing Tracker, Las Vegas Inventory has been steadily building for many months, and has now surpassed the 20K mark-while prices have been declining slowly. I can attest to the fact the market is slowing and Inventory is building, as there are 12 homes for sale on my street alone. So...

 Move? For the first time since 1994, the number of residents who left California (population 38 million) for another state in  2005 exceeded the number who moved here! One wouldn't know it by looking at all the new subdivisions, but according to figures from the state Department of Finance Calif...

 Make sure you have the systems and processes in place to successfully close the amount of business you seek to bring in. This includes everything from hardware and software to processing capabilities. Make upgrades where  needed to ensure you can keep service and efficiencies high. Leads: Earn M...

 Whether you're a mortgage industry veteran or fairly new to the business, there is a wealth of information available to help you increase your knowledge. Choose a subject, such as sales techniques or new loan products, and make it your goal to become an expert on that subject. If you're a busy d...

Revisit your 2006 business plan and evaluate your results to set a main earnings goal for 2007. Determine what you'll need to earn each month to meet your ultimate goal. Decide how many loans you'll need to close monthly to achieve your earnings goal. Identify the number of applications you'll ne...

 The United States has roughly 300 million people in it. What states are increasing in population? This year Arizona replaced Nevada as the fastest growing state. (Nevada held the distinction as the fastest growing state for 19 consecutive years!) This year Arizona's population grew 3.6%, beating...

 Though 2006 ends with existing-home sales about 9 percent lower than in 2005, gradual improvements are expected. The National Association of Realtors® (NAR) forecasts these sales will rise gradually next year and record an annual total only slightly below this year's.      Experts expect potenti...