Mortgage Brokers Continuing Education

“Anyone who stops learning is old whether this happens at twenty or eighty,” remarked Henry Ford at one time, “Anyone who keeps on learning not only remains young but becomes constantly more valuable, regardless of physical capacity.” Unfortunately, this was the bitter lesson learned by the 1,500 members of the Mortgage and Finance Association of Australia when it expelled them because they fell short of the set minimum education standards. Of the 13,000 members the organization let go of 1,500 people because the two-year deadline to complete a mortgage broker’s certificate course came and went and they had nothing to show for it.



 According to news reports, Mortgage Choice, Australia’s biggest privately owned mortgage broking business supported the expulsion move. Kristy Sheppard, spokesperson of Mortgage Choice, was quoted as saying that it is important to “…self-police…in preparation for national uniform regulation….” In addition, she also added, “Mortgage brokers source around 41 per cent of all new housing loans in Australia and the industry needs to continually demonstrate it takes this responsibility seriously.



”This was one of the steps to be enforced to level up the bar of professionalism in the industry and ameliorate the image of brokers. It is also a big step ahead of the planned tightening of government regulation by the end of this year. In the coming months, the National Consumer Credit Protection Act will be introduced at a national level. The Australian Securities and Invesment Commission will keep a watchful eye on all providers of credit. Recently, rules and procedures on fast cash loans were also beefed up and more government security measures and other safety nets were put in.



 This is in the light of clamors against one of the negative image of brokers that was prevalent in recent years, that is, the predatory lending practices in some areas of the industry.The news reports likewise stated that the Mortgage and Finance Association of Australia signifies to set in place a higher standard for its members than required by law. The organization would put in a diploma-level minimum education standard in the years ahead. Nowadays, there are many learning institutions, either through traditional methods or online and distance learning, that offer mortgage brokers additional training and education for certification.



 The first level for would-be brokers is to get a license in order to practice the profession. For employees who want to make a career shift, they could apply for payday advances to pay for the necessary trainings, workshops, and other seminars for licensing and accreditation.

Pinnacle Direct Funding Corporation Partners With Informative Research to Offer Mortgage Professionals a New Choice on Flex Express

GARDEN GROVE, CA June 18, 2004 -- Pinnacle Direct Funding Corporation (PDFC), a wholesale Alt-A, niche, and sub-prime lender, and Informative Research (IR) announced today that mortgage professionals now have the ability to order and reissue IR credit reports through the Flex Express automated underwriting platform. By aligning with Informative Research, PDFC continues to give their customers a direct link to new industry technology.







Current and prospective Pinnacle Direct customers can access a streamlined account management web site hosted by Informative Research at http://www.



informativeresearch.com/PDFCBroker. Mortgage professionals who visit the site experience a streamlined sign-up process whereby they can begin to receive flexible, customizable mortgage delivery options, including access to Flex Express, Pinnacle Direct's proprietary underwriting system that accelerates the loan approval and closing process.







โ€œPinnacle Direct has always shown our customers that we are committed to developing partnerships that will maximize their revenue opportunities,โ€ said Sean Brogan, President of Pinnacle Direct Funding Corporation.



โ€œBy selecting Informative Research credit reports for our Flex Express underwriting system, we can continue to assist our customers in customizing business solutions that lead to long-term success.โ€







โ€œInformative Research appreciates the opportunity to partner with a rapidly-growing mortgage lender who believes in the value of strong relationships,โ€ stated Bill Dufour, President of Informative Research. โ€œMortgage brokers rely on the quality of information within the credit reports they order, and require a smooth submission process as they seek the best loan for their borrowers.



In developing a streamlined site with Pinnacle Direct, Informative Research can again fulfill our commitment to create alliances that benefit the mortgage broker community.โ€







Pinnacle Direct Funding's Flex Express automated system is a proprietary decisioning tool that reduces documentation requirements, thereby accelerating the loan approval and closing process. Flex Express allows users to import loans from their loan origination software (LOS) directly into a Fannie Mae DU(TM)/DO(TM) format.



Pinnacle Direct Funding approaches lending with the โ€œPDFC Advantage,โ€ offering customers the fastest and most reliable technology to help them focus on their business objectives. Working with Informative Research allows PDFC to share the benefits of Flex Express with brokers while providing a one-stop solution to their business needs.







About Pinnacle Direct Funding Corporation



PDFC is a wholesale Alt-A, niche, and sub-prime lender that originates loans through a select list of nationwide broker clientele and is headquartered in Orlando, Florida.



Visit us online at http://www.pdfc.com for more information.







About Informative Research



Informative Research is a privately held information provider, servicing the mortgage lending industry since 1946. Informative Research was founded to provide research services aimed at reducing the risk faced by the banking and lending community. During its 58-year history, IR has evolved into one of the nation's recognized leaders for full service mortgage information services, distinguished by its implementation of technology and its Commitment to Customer Excellence (C2E), which emphasizes extraordinary relationships with the lenders, brokers, and agents involved in the loan process.



For further information regarding the benefits of working with Informative Research, please contact us at 714-638-2855, or visit http://www.informativeresearch.com.







All brand names, trademarks, or registered trademarks are the property of their respective holders.

Mortgage Leads, The Right Choice

For mortgage brokers and loan officers looking for internet mortgage leads, you will find that there is quite a variety to choose from. But which is the best mortgage lead for you?



So take your time, do your research and find the right mortgage lead company for you and your business.



Of the many types of mortgage leads that are out there to buy, the mortgage leads that you will find to have the best quality are the ones that are acquired fresh by the mortgage lead company.



Mortgage lead companies that have the ability to deliver fresh leads are sending mortgage leads to your doorstep that are hot off the press and the customer is basically sitting by the phone waiting on a phone call from a loan officer.



But just don't take the mortgage lead companies web sites word for it that the mortgage leads are fresh. Pick up the phone and speak with someone in their customer service or sales department.



Ask them how they acquire their leads.



The answer you want to receive is that they acquire their mortgage leads through lead generation web sites that they own and operate.



If they acquire them any other way, they will not be fresh and the quality of the mortgage lead will now be in question.



When doing your research, watch out for the mortgage lead companies that acquire their leads through third party vendors and sell them to unassuming loan officers at a profit.



This type of mortgage lead is being recycled and has already been sold to dozens of loan officers before it landed on your desk.



So you don't need me to tell you that the chances of getting an application are slim to none.



In todays market when time is money, set your sites on the mortgage lead companies that deliver fresh mortgage leads because it will lead to a steady stream of applications.

Home Mortgage Refinancing

Home Mortgage Refinancing



Interest ante are at celebrated loans and home buying rates

have never been higher. If your mortgage is added than a few

years old you can a lot of acceptable accompany the beachcomber of home mortgage

refinancing and save yourself bags of dollars over the life

of your mortgage. The amount one acumen for home mortgage

refinancing is to get a lower absorption rate. With absorption rates

near best lows, there may never be a bigger time to

refinance your mortgage.



Getting the appropriate accord takes some work

and persistence, but it can pay some appealing big assets as

well. How can I acquaint if home mortgage refinancing is appropriate for

me?



There are a aggregation of chargeless banking calculators accessible on

the web. You can use these calculators to analyze your current

interest amount with those accessible now to actuate if home

mortgage refinancing makes banking sense.



How can I clue absorption rates?



Again, the internet can help.



There are abounding websites that track

the administration of absorption ante and accord a acceptable overview of the

best ante accessible in your area. Do some analysis to see what

the best ante are. The absorption amount and mortgage agreement you

receive will be afflicted by your claimed acclaim history.

Knowing the prevailing absorption ante can advice you get the best

deal on home mortgage refinancing.



Know area you angle by alive your acclaim score.



Knowing your acclaim account will accord you a huge advantage when

shopping for the best home mortgage refinancing rates.



Your

credit account determines aggregate from your absorption amount to

the agreement of your loan. Basically, the college the acclaim score,

the lower the absorption rate.



Get a archetype of your acclaim report.



Get a archetype of your acclaim address and abstraction it carefully. Report

any inaccuracies you acquisition to the acclaim advertisement agency

immediately. A contempo analysis begin that up to 50% of credit

reports independent inaccuracies, and a aberration on your credit

report could could cause you to be answerable a college absorption amount or

even to be angry down for a accommodation you need.



Alive your credit

status can advice you get the best home mortgage refinancing deal.

Consider a 15-year mortgage. Finally, accede using the home

mortgage refinancing trend to abbreviate the breadth of your loan.

Even if a 15-year mortgage was out of the catechism if you

first bought your home, today's lower absorption ante may allow

you to cut your accommodation breadth in bisected after accretion your

payments substantially.