MBA Mortgage Corporation News

Company Info

Loan Info

Mortgage Resources

Featured Tools

Other Services

“No Bull” Pre-approvals

Get a Pre-approval letter you can trust! 

Too many times we get calls from our business partners that they were given a “pre-approval” and now the Loan Officer has “disappeared” or is “retracting his letter”.  Was it ever a real pre-approval or was it a pre-qualification? (Click here to see the difference)

At MBA Mortgage Corporation we only offer “No-Bull” Pre-approvals. When you get a pre-approval from us you can count on the fact that we have reviewed your buyer’s credit, income, employment and assets and your borrower is reliable. MBA’s professional Loan Officers always check income documentation, job history, debt ratios, and complete extensive research into the credit history and depth of our clients on every single pre-approval. We take the application to multiple banks and underwriters to get as many sets of eyes on the files as we can.

As I am sure you are aware nothing is black and white in the banking/lending industry today. MBA mortgage explores every possible “red flag” and informs its borrowers and realtors of any speed bumps or hurdles we could hit along the way. Additionally, we specialize in industry leading research and analysis, and always follow-up to keep all parties in the loop. We are available morning, noon, and night, 7 days a week to answers questions, concerns, and explore options. We are always happy to educate our realtors and take time for their clients, and will always do whatever we can to help make you more knowledgeable of the lending industry for your business and your clients.

Remember that when you get a pre-approval that says MBA Mortgage on it you are getting yourself a closed deal! If there is anyone in the industry that can do a loan and keep your clients happy it is MBA Mortgage and our team of mortgage specialists.

Is your 2012 goal to increase your closing rate?

Increase your closing rate with MBA!

 

A turbulent Housing Market can be better managed by professionals who are experienced and go above and beyond with every client. With home sales still down, we can all agree that they are still significantly higher than a year earlier. In this time, more than any other, every closing counts!

 

What can we do to help home sales??? The answer lies in the numbers!

 

There is always constant tug and pull on the market and this year we saw the most favorable affordability conditions since 1970; an abundance of homes to choose from and extremely low interest rates. However, many buyers are being held back because they believe banks are offering financing to only the most highly qualified borrowers, ignoring a large share of otherwise creditworthy buyers. This is not entirely true. Those potential buyers represent the difference between the current market and a much more robust housing market that could stimulate a lot of careers. Thirty eight percent of contracts expire. This is an unacceptably high number of potential home buyers that are unable to complete transactions.

 

On the contrary to the market, MBA Mortgage and our dedicated team of professionals have allowed us to meet and exceed standards with a 93% closing rate on purchases in 2011. We take great pride in providing mortgage solutions tailored to meet the long term financial needs of our clients. It’s not just the over-qualified buyers that we can help. Our experienced mortgage professionals ensure that you are confident about the application process, while at the same time your clients experience the very best service and best rates that they would qualify for in their situation.

 

That means that when you recommend your clients that you have worked hard for you can be assured that they are going to be treated the right way and be given enough information so that they can make an educated decision. One that is best for THEM and not us. All of our loan officers are full time and well trained mortgage professionals and you can be assured that they will perform over the top research on every file which will enable us to make recommendations that you can be confident with. 

  

Making your list and checking it twice!

Managing your pipeline can yield huge results!

With the spring market fast approaching, it’s more important than ever to manage your pipeline of customers.   Managing it properly can pay BIG dividends in the long run. One way is to provide your clients the help they need to get one step closer to getting financing by having MBA Mortgage do all the hand holding. Your time is valuable; by making MBA Mortgage assist your clients that are in need of Mortgage Guidance you increase your conversion rate. As time passes, you can begin to track the increase in the share of sales you close. That increase can become consistent and you should be able to forecast sales with greater accuracy, which will give your sales team greater confidence and help operations staff plan accurately for future demand. Several of our partners are very keen on using sales pipeline data in order to maximize conversions—and minimize excuses. Ability to get a Mortgage is a non-issue, as more and more of their clients work with MBA Mortgage, the more clients they can finally close.

In essence, let us manage it and warm them up for you. You worry about selling and we will make sure they are kept warm and informed.

Your first step is to identify clients that would benefit the most. Have you had clients get denied for loans last year for reasons other than an appraisal? Were you surprised by preapprovals that fell through? Put your worries aside when it comes to these clients. MBA Mortgage will create a custom plan to each client targeting the most important pieces that contribute to their ability to get financing. MBA Mortgage will work with your client with a step by step action plan to get pre-approved. We will check in on them over the length of the plan to answer any questions and confirm that your clients stay on track. This way your client stays your client and gets the value added services offered by MBA Mortgage on your behalf.

Let MBA Mortgage Corporation take the guesswork out of you clients relationship. Working with us gives you and your client the peace of mind knowing what to expect regarding max loan sizes, timelines, and other major expectations. Let us help you focus on what you do best, by letting us do what we do best for you.