Top of Mind Networks

Overcoming Objections with Scott Evans: HVCC Edition

June 24, 2009 by · Leave a Comment

Hi folks, it’s been another interesting month in the mortgage business.  Add to the underwriting delays, unexpected rate hikes and general frustrations of originating mortgages – HVCC has been an absolute nightmare. When I saw the NAMB Call to Action, I took a few moments to document my personal HVCC experiences and sent out the […]

HVCC Podcast with NAMB President Marc Savitt

June 24, 2009 by · Leave a Comment

Mortgage originators everywhere are up in arms about HVCC, and for good reason.  A couple weeks ago, I wrote an article at Lenderama about how NAMB President Marc Savitt has been fighting the good fight. The next two entries I’m making here at the Top of Mind Blog will focus on educating not only mortgage/real […]

Always Have a Contingency!

June 11, 2009 by · Leave a Comment

  A few years ago, when the market was red-hot, real estate agents were forced to present their contact in the strongest light possible. Often times this included “no contingency contracts“. Of course, this is not always the best thing to do, but that was the way the market was back then. Today is different. […]

It's Time to Really Fight HVCC – Please Pick Up the Phone Right Now

June 9, 2009 by · Leave a Comment

NAMB published a critical call to action today in regards to HVCC.  It’s time for your voice to be heard. Please read the full overview of action items NAMB is asking from you TODAY. You can also visit the NAMB HVCC Resource Center.  We all need to chip in to overturn HVCC – it’s bad […]

Stop the HVCC!

June 5, 2009 by · Leave a Comment

The Home Valuation Code of Conduct (HVCC) is now one month old and already wreaking havoc on the industry!  The HVCC was a knee-jerk reaction to curb abuses in the mortgage industry.  In typical political fashion, the focus was placed on the wrong area within the industry.  The falling home prices that almost everyone has […]

Help Me Help NAMB Help You

June 4, 2009 by · Leave a Comment

Confused by the headline of this article? I wrote an article on Lenderama this morning.  Please take a moment to read now: An Unofficial NAMB Regulatory Update on HVCC – Oh, And A Call To Action For All Of Us NAMB Bashers. In this article, I’m trying to show NAMB President Marc Savitt that if […]

Had Enough of HVCC Yet? Here's What You Can Do To Fight Back.

May 29, 2009 by · Leave a Comment

Two action steps, two minutes of your day: 1)  Dustin Brumley, an originator with Neighborhood Mortgage in Bellingham, WA built a petition here: HVCC – We’ve Had Enough! 2)  NAMB is collecting data through a 1-question survey here: NAMB HVCC Implementation Survey Please do your part and take a few moments to act.  Thank you.

BOOM – That's the sound of our closing cannon!

May 7, 2009 by · Leave a Comment

Is the next refi boom now…? Here is why I think our closing cannons will be blazing soon! For the first time since Thanksgiving week 2008 mortgage brokers and processors can or should see light at the end of the tunnel.  Seriously, most mortgage loan officers thought that the waterfall of money was going to […]