Comments on: Demanding Greater Transparency from the Mortgage Industry http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/ Thu, 10 May 2012 07:34:26 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Jay Thompson http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1784 Jay Thompson Thu, 17 Jan 2008 19:59:24 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1784 Realtor.com is the answer to all our technology woes? Wow.... Talk about laughing!! Realtor.com is the answer to all our technology woes?

Wow….

Talk about laughing!!

]]> By: TheRealtyAgent http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1785 TheRealtyAgent Mon, 14 Jan 2008 19:58:06 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1785 Jeff, please explain how this will work from a reality standpoint where wholesale/correspondent rates are confidential and vary from lender to lender. How is this any different from a company that currently discloses thier total compensation received to a borrower ? Jeff, please explain how this will work from a reality standpoint where wholesale/correspondent rates are confidential and vary from lender to lender.

How is this any different from a company that currently discloses thier total compensation received to a borrower ?

]]> By: owen http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1783 owen Sun, 13 Jan 2008 02:52:08 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1783 so how does a lender get paid when the client wants a no point, no origination fee loan? or do you assume that a 1% loan origination fee is a normal closing cost? enjoyed you at Inman.. fun place huh? so how does a lender get paid when the client wants a no point, no origination fee loan? or do you assume that a 1% loan origination fee is a normal closing cost? enjoyed you at Inman.. fun place huh?

]]> By: Ney Montenegro http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1787 Ney Montenegro Fri, 11 Jan 2008 21:25:03 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1787 Great work Jeff, I always have been a believer that YSP should be used as a tool for the benefit of the consumer and not as a way to squeeze more money out of homeowners. I recently encountered a couple that was being pressured to refinance into an Option ARM and the mortgage broker would have gotten paid a total of 3.5 points between the points he was charging and the YSP. Unbelievable how some of these guys have no conscience This was my post about it: http://micasamidinero.com/myhome/2008/no-closing-cost-refinance Transparency, transparency, transparency is what we need! Great work Jeff,
I always have been a believer that YSP should be used as a tool for the benefit of the consumer and not as a way to squeeze more money out of homeowners.

I recently encountered a couple that was being pressured to refinance into an Option ARM and the mortgage broker would have gotten paid a total of 3.5 points between the points he was charging and the YSP. Unbelievable how some of these guys have no conscience
This was my post about it:
http://micasamidinero.com/myhome/2008/no-closing-cost-refinance

Transparency, transparency, transparency is what we need!

]]> By: The XBroker http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1788 The XBroker Wed, 09 Jan 2008 15:20:05 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1788 @ Mark...My guess is you have an aversion to technology due to a lack of knowledge as to how it all 'works' and/or how to implement. Realtor.com has incorrect, horrendously dated information...it is probably the worst representation of real estate coupled with technology on the planet. So if Realtor.com site is your barometer for real estate technology, I understand your quick dismissal, continuing to hedge your bets with yard signs. Blogging leverages who you are as an agent, it works when you don't, lining up clients while you sleep. @ Brian...Thx! @ Mark…My guess is you have an aversion to technology due to a lack of knowledge as to how it all ‘works’ and/or how to implement.
Realtor.com has incorrect, horrendously dated information…it is probably the worst representation of real estate coupled with technology on the planet. So if Realtor.com site is your barometer for real estate technology, I understand your quick dismissal, continuing to hedge your bets with yard signs.

Blogging leverages who you are as an agent, it works when you don’t, lining up clients while you sleep.

@ Brian…Thx!

]]> By: Brian Copeland http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1790 Brian Copeland Wed, 09 Jan 2008 14:47:49 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1790 Jeff, Great job at Inmans Connect NYC. I appreciate your candor and knowlege. Great to see a blogger with personality. Keep it up and thanks again! Jeff, Great job at Inmans Connect NYC. I appreciate your candor and knowlege. Great to see a blogger with personality. Keep it up and thanks again!

]]> By: Mark Owens http://thexbroker.com/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/comment-page-1/#comment-1789 Mark Owens Wed, 09 Jan 2008 13:10:20 +0000 http://xbroker.realestatetomato.net/2008/01/08/demanding-greater-transparency-from-the-mortgage-industry/#comment-1789 Web technology is the biggest fraud in the history of real estate. Blogs, drip campaigns, millions of cloned sites with all of the same inventory, etc. are absolutely zapping the productivity of agents. Realtor.com has all the listings...every other homes portal "wannabee" is a redundancy. An information box in the front yard of a home will slaughter technology's ROI every time! I laugh when I think of thousands of bleary eyed agents sitting in front of their computer Blogging while I am out meeting clients for lunch, listing their homes. I can't wait for RealEstateShows new scratch and sniff option on their virtual tour. You could select 70's disco for your music and cat urine for your virtual home odor Web technology is the biggest fraud in the history of real estate. Blogs, drip campaigns, millions of cloned sites with all of the same inventory, etc. are absolutely zapping the productivity of agents.

Realtor.com has all the listings…every other homes portal “wannabee” is a redundancy.

An information box in the front yard of a home will slaughter technology’s ROI every time!

I laugh when I think of thousands of bleary eyed agents sitting in front of their computer Blogging while I am out meeting clients for lunch, listing their homes.

I can’t wait for RealEstateShows new scratch and sniff option on their virtual tour. You could select 70’s disco for your music and cat urine for your virtual home odor

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