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News, Articles, Videos, And Resources

For Loan Originators Who Want to Know "How To Do" Mortgage Detail.

Home Prep Now Open! How To & News Articles

By Pam Marron 09 Jan, 2024
Student Debt Solutions for Home Borrowers
By Pam Marron 28 Nov, 2023
By Pamela Marron, NMLS#246438 : Innovative Mortgage Services, Inc. NMLS#250769
By Pam Marron 10 Apr, 2023
Clients2Homeowners.com makes a pivot!
By By Pamela Marron, Loan Originator, NMLS#246438 09 Dec, 2022
Focusing on Specific Client Needs, What Tools Can Be Used to Assist, and How to Bundle Targeted Services to Reduce Costs
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Down Payment Assistance How To & News Articles

By Pam Marron 10 Apr, 2023
Clients2Homeowners.com makes a pivot!
By Pam Marron 26 Jan, 2023
Mortgage Loan Originators, Realtors and HUD Housing Counselors Who Need to Find and Promote Down Payment Assistance (DPA) to Clients Need this Tool!
By By Pam Marron | Clients2Homeowners.com 16 Mar, 2022
Here’s How to Organize DPA for Your Area and Start Selling!
By By Pam Marron | Clients2Homeowners.com 03 Feb, 2022
For Loan Originators and Realtors:
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Short Term Credit Help | How To & News Articles

By By Pamela Marron, Loan Originator, NMLS#246438 23 Nov, 2022
Credit repair companies often dispute accounts to improve credit scores. Sometimes those same disputes must be removed from the credit report to receive a Fannie Mae and Freddie Mac automated underwriting system (AUS) approval. Why? Because disputes hide credit. When the dispute is removed, negative credit may return. Check with CreditXpert and use their What-If Simulator tool to see if the removal of a Dispute will affect credit scores.
By By Pamela Marron, Loan Originator, NMLS#246438 16 Nov, 2022
When inaccurate credit exists on a credit report for mortgage delinquency, bankruptcy, foreclosure, short sale and extenuating circumstances, there are five entries that can be used in the Fannie Mae Desktop automated underwriting system (AUS). Loan originators need to know when to use these codes and where to insert them in the FannieMae.com xml loan application when needed. Entries noted below should be inputted EXACTLY AS SHOWN, with spaces (no underscores), and are case sensitive! Entry information shown for the five codes can be found in the Fannie Mae Selling Guide under B3-5.3-09, DU Credit Report Analysis (12/04/2019 ). Freddie Mac does not have a workaround code for these issues.
By By Pamela Marron, Loan Originator, NMLS#246438 06 Jul, 2022
For the last four months, efforts have been underway to form a pilot program that can assist mortgage clients who aren’t quite ready to purchase a home to get “mortgage ready”. The model is uniquely laid out to address six issues (other than an expensive housing market!) that mortgage loan originators (MLO) commonly run into that prevent their clients from purchasing a home. The goal of this effort is to make sure that clients are matched with HUD housing and credit counselors who are trained to get clients past hurdles and “mortgage ready” before these prospective home buyer starts looking at homes with a realtor.
By Contributors 14 Oct, 2020
Financial health is key when preparing to buy your home. Figure out the specifics of what you need to do next. Neighborhood Home...

Long Term Credit Help | How To & News Articles

By By Pamela Marron, Loan Originator, NMLS#246438 06 Jul, 2022
For the last four months, efforts have been underway to form a pilot program that can assist mortgage clients who aren’t quite ready to purchase a home to get “mortgage ready”. The model is uniquely laid out to address six issues (other than an expensive housing market!) that mortgage loan originators (MLO) commonly run into that prevent their clients from purchasing a home. The goal of this effort is to make sure that clients are matched with HUD housing and credit counselors who are trained to get clients past hurdles and “mortgage ready” before these prospective home buyer starts looking at homes with a realtor.

Student Loans How To & News Articles

New articles coming soon.

Loan Operating Systems

By Contributors 23 Nov, 2020
Providing needed resources for clients who need pre-purchase assistance is a plan all loan originators should have available. Here’s how...

HUD Counselors How To & News Articles

By Pam Marron 09 Jan, 2024
Student Debt Solutions for Home Borrowers
By Pam Marron 28 Nov, 2023
By Pamela Marron, NMLS#246438 : Innovative Mortgage Services, Inc. NMLS#250769
By By Pamela Marron, Loan Originator, NMLS#246438 13 May, 2022
From 2016 through 2019, I was a member of the HUD Housing Counseling Federal Advisory Committee (HCFAC). Even though I have been a loan originator for 38 years, I was barely aware of HUD housing and credit counselors. These dedicated individuals could help clients who weren’t ready for a mortgage to get “mortgage ready”.
By Contributors 12 Jun, 2020
Learn How a Housing Counselor Can Help Challenged Clients, Save Real Estate Deals, and Grow Your Business Your client is excited. They’ve...
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MLO Education

By Pam Marron 09 Jan, 2024
Student Debt Solutions for Home Borrowers
By Pam Marron 28 Nov, 2023
By Pamela Marron, NMLS#246438 : Innovative Mortgage Services, Inc. NMLS#250769
By Pam Marron 10 Apr, 2023
Clients2Homeowners.com makes a pivot!
By By Pam Marron | Clients2Homeowners.com 22 Feb, 2022
For Loan Originators and Realtors:
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Unique Mortgages: How To & News Articles

Affordable Programs

By Pam Marron 10 Apr, 2023
Clients2Homeowners.com makes a pivot!
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Accessory Dwelling Units (ADU)

By Pam Marron 14 Feb, 2023
Accessory Dwelling Units (ADUs) are small, separate living spaces that are built on the same property as a single-family home. They have gained popularity in recent years as a way to provide additional housing options in urban areas. In this article, we will examine how ADUs can benefit cities, including through increased revenues, multigenerational living, vacation and rental opportunities, and increased security. ADUs Increase Revenues For Cities One significant advantage of ADUs for cities is the potential for increased revenues. Because ADUs are separate living spaces, they can be rented out to generate additional income for the property owner. This can be especially appealing for homeowners who may be struggling to afford the mortgage on their primary residence. By allowing ADUs, cities can tap into this potential new source of income and potentially increase their own revenues through property and other taxes.

Multi-family

By Pamela M. Marron 17 Nov, 2021
In their quest to make homes more affordable, Freddie Mac reduced the maximum loan to value (LTV) for multi-family units to 95%, a reduction of 10% down payment previously needed. Further, this financing will allow a total loan to value (TLTV) up to 105% with permitted secondary financing that is an Affordable Second.

Automated  Underwriting Systems

By By Pamela Marron, Loan Originator, NMLS#246438 23 Nov, 2022
Credit repair companies often dispute accounts to improve credit scores. Sometimes those same disputes must be removed from the credit report to receive a Fannie Mae and Freddie Mac automated underwriting system (AUS) approval. Why? Because disputes hide credit. When the dispute is removed, negative credit may return. Check with CreditXpert and use their What-If Simulator tool to see if the removal of a Dispute will affect credit scores.
By By Pamela Marron, Loan Originator, NMLS#246438 16 Nov, 2022
When inaccurate credit exists on a credit report for mortgage delinquency, bankruptcy, foreclosure, short sale and extenuating circumstances, there are five entries that can be used in the Fannie Mae Desktop automated underwriting system (AUS). Loan originators need to know when to use these codes and where to insert them in the FannieMae.com xml loan application when needed. Entries noted below should be inputted EXACTLY AS SHOWN, with spaces (no underscores), and are case sensitive! Entry information shown for the five codes can be found in the Fannie Mae Selling Guide under B3-5.3-09, DU Credit Report Analysis (12/04/2019 ). Freddie Mac does not have a workaround code for these issues.

All Articles

By Pam Marron 09 Jan, 2024
Student Debt Solutions for Home Borrowers
By Pam Marron 28 Nov, 2023
By Pamela Marron, NMLS#246438 : Innovative Mortgage Services, Inc. NMLS#250769
By Pam Marron 10 Apr, 2023
Clients2Homeowners.com makes a pivot!
By Pam Marron 14 Feb, 2023
Accessory Dwelling Units (ADUs) are small, separate living spaces that are built on the same property as a single-family home. They have gained popularity in recent years as a way to provide additional housing options in urban areas. In this article, we will examine how ADUs can benefit cities, including through increased revenues, multigenerational living, vacation and rental opportunities, and increased security. ADUs Increase Revenues For Cities One significant advantage of ADUs for cities is the potential for increased revenues. Because ADUs are separate living spaces, they can be rented out to generate additional income for the property owner. This can be especially appealing for homeowners who may be struggling to afford the mortgage on their primary residence. By allowing ADUs, cities can tap into this potential new source of income and potentially increase their own revenues through property and other taxes.
Show More
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