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As we hit mid March, it appears as though New Century and its impending bankruptcy is still dominating the news. Nothing new to report, just waiting for the ship to sink and to see what the aftermath will be. Unfortunately many of you have already felt the effects, possibly even losing loans that were already cleared to close - without notice!
DoublePositive would like to help you work through this in any way that we can. If you haven't given us a try yet, sign-up today! There's no cost to get started, no minimums and you can name the price you'd like to pay for transfers. Please let us know if we can help.
Have a great day!
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| Do you have live call transfers of double-verified and interested borrowers in your leads mix? You should, and we can help. You can call me at [~repphone~], Click to Chat or just Get Started! |
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| Industry News |
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| Broker Universe |
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| The lesson for mortgage originators is to prepare for any circumstance and don't assume just because the plane is loaded, it will take off. The mortgage analogy - just because the wholesaler has locked the loan, don't assume it will close.
Full Story
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| Originator Times |
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| Pending home sales declined in January from a strong upturn in December due to unusual weather patterns, according to the National Association of Realtors
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| MarketWatch |
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| Shares of troubled home lender New Century fell again Friday after the company said late Thursday that its funding for new loans has dried up and it is facing margin calls.
Full Story
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| WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.
Full Story
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| BankRate |
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| I applied and was approved for a cash-out mortgage refinancing. The loan amount was for $260,000, which I expected to be enough to pay off the balance on my existing first mortgage, a home equity line of credit, a credit card balance and the loan's closing costs.
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| Reuters |
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| The Federal Bureau of Investigation, seeking to stem a rising tide of crime in home financing, said on Thursday it will warn borrowers and lenders that mortgage fraud can result in stiff fines and prison time.
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| BankRate |
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| Stop giving risky mortgages to people who won't be able to afford the payments in two or three years, federal regulators are telling lenders.
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| CNNMoney |
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| Mortgage rates eased last week hitting their lowest level this year, hurt by concerns about the U.S. economy and the recent shake up in overseas stock markets, Freddie Mac reported Thursday.
Full Story
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| Business Solutions |
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 GoToMyPC is the fast, easy and secure way to access your PC from any Web browser or wireless device in real time. Access Your PC from Anywhere
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DNCSolution is a family of Internet-based products that handle the full range of Do Not Contact (Do Not Call, Do Not Fax, Do Not E-mail, Do Not Mail) compliance. DNCSolution also addresses the privacy directives and opt-in/opt-out preferences of your prospects and customers. DNCSolution.com
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Leads360’s lead tracking software can give you visibility over your sales force and get valuable insight into your contact ratio. Contact Leads360 today and learn how we can help you increase your contact ratio by more than 20% in the first month. Call 1-888-508-4462 or visit Leads360.com
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| Your On-line Account |
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We're working hard to make our client Extranet at Clients.DoublePositive.com an increasingly useful tool. We'll provide weekly updates on improvements recently released and those coming soon. We want to know what enhancements are most valuable to you! We'll use your feedback to prioritize our development, so please email us now with your suggestions!
On-line Account Features
- New site design
- 6 Hour Window a requirement
- View/Edit Users – Password entries are now validated to be at least 5 alphanumeric characters
- Enhanced Analytics - Track Transfers...by loan officer! -- Now for each Transfer you receive...you can track it back to the loan officer in your organization who handled the call.
- Online Ordering and Credit Card Processing - Online reordering is as easy as ever; it now stores the previous credit card you used from the last order.
- Streamlined Credit Review - Submit transfers for credit review and receive responses directly from the Billable Transfers Report page of our extranet.
- Real-time On-Hold Control - Put your account on hold or make it active instantly whenever you like, just by clicking a link.
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888-376-7484
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