Tips for Mortgage Brokers

  • November 29, 2020

    Top 4 Tips for Mortgage Brokers to Effectively Package Deals

    Brokers

    You create solutions for your clients by addressing their unique circumstances. The process of packaging the deal is ultimately communicating your client’s story and the proposed solution to the lender. By remembering these four tips, you will be able to package deals effectively: Tip #1: Understand your client to provide strong lender

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  • October 26, 2020

    3 Tips for Planning an Exit Strategy

    Brokers

    For your clients who need a quick-fix mortgage, putting together an exit strategy is a must! Here are three tips for planning an exit strategy that will help you transition your borrowers: 1. Begin Right Away: Successful exit strategies depend on getting started right away. The best practice is to formulate a plan while

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  • July 11, 2020

    Getting to ‘File Complete’: Using Checklists to Complete the Package

    Brokers

    One of the most useful tools to help complete a file, is a good old-fashioned checklist. Checklists are easy to create, easy to use, can be implemented at any stage of a file, and are one of the simplest ways to make sure you get to ‘File Complete’ with the

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  • June 6, 2020

    The Mortgage Renewal Process: What to Expect During the Mortgage Renewal Process

    Borrowers

    The maturity date of your mortgage is fast approaching. The maturity of your mortgage gives you an opportunity to review your financial situation and make some decisions based on your financial goals and current situation. If you discussed an exit strategy with your mortgage broker, you may be preparing to refinance

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  • May 31, 2020

    Packaging Your Deal: Top 5 Things to Include in Your Submission Notes

    Brokers

    Crafting a mortgage file for submission is an art, but did you know that your submission notes can be one of the most important parts of your deal? Thorough broker notes can lead to speedier approvals and a smoother underwriting process. Here are the top 5 things you should always

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  • May 23, 2020

    Exit Strategies: Formulating a Plan for Refinancing

    Brokers

    The day-to-day life at a mortgage brokerage can be fast paced, and sometimes even hectic. Once a last-minute purchase or urgent refinance is added to that mix, the pace can really take off. Oftentimes, the focus in these situations is closing that last-minute mortgage without fully mapping out the next

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