Technology saves thousands of dollars and time

It's amazing to me that in this day and age of technology how many loan officers do not make the investment into technology that could save their clients thousands of dollars

and save everybody time.

There are a few places a loan officer can go to sign up and pay for a service to alert them of rate changes. Essentially, It's real time trading of mortgage backed securities to help the loan officer decide when to lock or when to float a rate. The one I choose to use is TBWS Rate Alert because I believe it to be the best and most comprehensive alert program in market. It also includes an economic calendar that tells me when economic reports are due that could infuence mortgage rates.

When used properly it can save your client thousands of dollars and also increase your profits. A great example is a loan I just finished for a customer in California with a large loan amount. By using my rate alerting service I floated his rate knowing that rates would likely drop. As a result he saved over $5,000 in costs and secured a lower rate than we had initially discussed. This isn't magic and it isn't rocket science, it's using technology to provide "Service".

The use of Facebook and other social media is at the forefront these days when it comes to real estate and lending. But I rarely hear about the technological support items we use so here are a few I like to use: I've been using this for years, electronic signatures known as Suredocs by Alamode.

This allows me and my customers to electronically sign all loan documentation on their computer without ever having to print paper or use a pen.

The lenders we use are also important. The primary lender I like to use has "paperless" technology. The customer arrives at closing and with the click of a mouse they sign all of their loan documents. We have a banking relationship with them so we also get to draw loan documents from our corporate office saving us precious time during the loan process. Using this lender and the electronic signature technology I closed a purchase loan in less than 2 weeks.

I also utilize Loan Toolbox for my customers and referral partners. Quarterly newsletters and breaking news updates keep my referral partners and customers informed of financial and mortgage news that can affect them. It also includes templates that I use to design open house flyers to assist my referral agents in promoting their listing.

Craig Rutman Kim Carlson Kevin Cooper Jenni Clark Carla Muss Jacobs

Raleigh NC San Diego CA Sacramento CA Astoria OR Portland OR

I use Jing for my screen capture and it's free.

I use Box.net for securely sending sensitive information via e-mail and it's Gramm Leach Bliley compliant.

I use Yugma for screen sharing and webinars which is also free.

Can't find that e-mail? Arrgghhh I hate it when that happens! No worries, Xobni is free and you can find e-mails instantly!

Totally off the subject.....

Can't get much closer to 50,000 points now can I?

Back to items that cost money

PB Next allows me to have a toll free number that works as an e-fax, has multiple extensions, hold music, records conversations and forwards calls to each user's cell phone or other number when not in the office.

I only use my website to generate new business. Why?

Taking this concept from a leading Active Rain member

Diane Aurit,

The Active Rain blog is much more useful than a traditional website because it is constantly updated. Many websites contain old outdated information. Diane brought this fact to my attention and made me place more emphasis on my blog. Thanks Diane! Visit her blog by clicking her photo.

New lending rules that affect the customer can be sent immediately by posting a link on Twitter, Facebook or by me recording a personal video relating to the new changes and sending the link via e-mail using the cutting edge technology of TBWS video hosting.

First Priority Financial

has a system for their loan officers that automatically provides updates to the listing agent, selling agent, title and escrow officer, borrower and even the seller. This way all parties are aware of the progress of the loan during the purchase transaction.

First Priority Financial is the largest mortgage brokerage in the US which results in discounted services and lower wholesale rates from the banks we do business with. This means our customers get an ever better rate with less fees than most other lenders can offer.

BE ADVISED

If you use a bank don't expect them to return your calls in a timely manner. When you complain they will ask you to log on to their customer no service webpage where you'll be greeted by:

All of this technology is used to provide a better experience for my customers and saves them thousands of dollars. What technology do you use for the benefit of your customers?

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Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

We are a mortgage broker servicing North Carolina, California, Oregon and Washington. Our corporate office is headquartered in Fairfield California since 1977.

Licensed to brokerloans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

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