The Mortgage Cicerone

Current Affairs

June 01, 2009

Be Part of The Solution...Join The "Mortgage Revolution"

A New Post By The Mortgage Cicerone.
A Guide for Mortgage Professionals.
Read other posts by The Mortgage Cicerone.

Mortgage professionals must take back our industry!

That's exactly what the "Super Bowl" mortgage industry event of 2009 will provide.

The mastermind behind this not-for-profit event is Mark Green from Top-of-Mind. He along with thirteen other like minded individuals are driven to put consumers first while providing ethical mortgage professionals the tools and processes they need to enjoy a thriving and first class career.

Within a week, the Mortgage Revolution committee will be posting our website (courtesy of Trace Richardson) outlining the speakers and topics being presented during the three day event taking November 9 through 11 at the Cobb Galleria in Atlanta, Georgia.

Wait till you see the speakers and topics they'll be presenting!

Interested?

Want to help the cause and take up your modern day arms to fight back? Please visit Chris Brown’s Recruitment office to type in your John Hancock.

In the meantime, watch this awesome Mortgage Revolution video produced by Brian Larrabee.

Posted by The Mortgage Cicerone on June 01, 2009 at 08:34 PM | Permalink | Comments (0) | TrackBack (0)

May 11, 2009

Are You Experiencing 21 Day Underwriting Turntime?

A New Post By The Mortgage Cicerone.
A Guide for Mortgage Professionals.
Read other posts by The Mortgage Cicerone.

Ok, I'll be the dummy and open Pandora's Box.

From what I'm hearing across the nation, underwriting turn times are excruciatingly slow.

As has been communicated to me by several extremely successful and reliable loan originators across the country; on average it is taking anywhere from 18 to 22 days to get their loans through underwriting.

The Issue

Realtors and Clients don't want to hear the truth and insist other lenders can do it in 2 to 3 days. Oh yes, they also want you to take an application this afternoon and close on their short sale in seventeen days.

Sound familiar?

I would really appreciate your feedback regarding turntimes and your strategies pertaining to this issue.

Posted by The Mortgage Cicerone on May 11, 2009 at 02:01 AM | Permalink | Comments (1) | TrackBack (0)

November 03, 2008

Understanding The Bailout (Part Nine) - The Paulson Plan

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
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What Paulson wants to do and some possible pitfalls behind it.

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Posted by The Mortgage Cicerone on November 03, 2008 at 02:26 AM | Permalink | Comments (0) | TrackBack (0)

October 31, 2008

Understanding The Bailout Plan (Part Eight) - Systemic Risk to Market

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

How banks are inter-connected and what happens when one bank fails.

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Posted by The Mortgage Cicerone on October 31, 2008 at 02:25 AM | Permalink | Comments (0) | TrackBack (0)

October 30, 2008

Understanding The Bailout Plan (Part Seven) - Bank Goes Into Bankruptcy

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

What happens when there is no equity infusion and the bank goes in to bankruptcy.

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Posted by The Mortgage Cicerone on October 30, 2008 at 02:21 AM | Permalink | Comments (0) | TrackBack (0)

October 29, 2008

Understanding The Bailout Plan (Part Six) - Getting an Equity Infusion

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

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Posted by The Mortgage Cicerone on October 29, 2008 at 01:15 AM | Permalink | Comments (0) | TrackBack (0)

October 28, 2008

Mortgage Pricing Report- October 28, 2008

A New Post By The Mortgage Cicerone.
A Guide for Mortgage Professionals.
Read other posts by The Mortgage Cicerone.

If a family member asked my advice and they were scheduled to close on a mortgage purchase or refinance in the time periods noted below, I would recommend...

1-7 Days	8-20 Days	21-45 Days	46 Days Plus
Locking	Locking	Floating	Floating

Check MBS pricing here.

Other sites providing market commentary:

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Posted by The Mortgage Cicerone on October 28, 2008 at 11:06 AM | Permalink | Comments (0) | TrackBack (0)

Understanding The Bailout Plan (Part Five) - How Banks Liquidate Assets

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

How banks liquidate assets to pay off debt that comes due.

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Posted by The Mortgage Cicerone on October 28, 2008 at 02:13 AM | Permalink | Comments (0) | TrackBack (0)

October 27, 2008

Understanding The Bailout Plan (Part Four) - Mark-to-Model vs. Mark-to-Market

A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

Understanding the accounting variations for valuing an asset.

Mark-to-model vs. mark-to-market.

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Posted by The Mortgage Cicerone on October 27, 2008 at 01:45 AM | Permalink | Comments (0) | TrackBack (0)

October 24, 2008

Mortgage Pricing Report- October 24, 2008

A New Post By The Mortgage Cicerone.
A Guide for Mortgage Professionals.
Read other posts by The Mortgage Cicerone.

If a family member asked my advice and they were scheduled to close on a mortgage purchase or refinance in the time periods noted below, I would recommend...

1-7 Days	8-20 Days	21-45 Days	46 Days Plus
Locking	Locking	Floating	Floating

Check MBS pricing here.

Other sites providing market commentary:

Subscribe to The Mortgage Cicerone

Posted by The Mortgage Cicerone on October 24, 2008 at 08:38 AM | Permalink | Comments (0) | TrackBack (0)

The Mortgage Cicerone

Cicerone - cic•e•ro•ni (-nē)
A guide or person eloquent in sharing knowledge and inspiring impactful action.

As the name suggest, The Mortgage Cicerone is a combination Loan Attraction Guide / Mentor / Coach / Facilitator of personal growth and top-performance. You are unique and your solution is not the same as your neighbor. By actively collaborating with you, we help you discover your true unique personal drivers by clarifying and congruently aligning your goals and actions.

This in turn fosters high-performance, clarity, new perspective and the necessary passion needed to take your performance to the next level. Subsequently, by providing the appropiate tools, you learn to take passionate, commited, impactful and decisive action.

With deep industry and business process expertise, broad national resources and a proven track record, The Mortgage Cicerone mobilizes and aligns the right people skills, processes, motivators and technologies to improve your performance, finances and life/work balance in ethical congruence with your value system.

The Cicerones

Sean Purcell
Mtg. Broker - San Diego
Transparent Lending Leader
Web Site ~
Sean's Posts ~
Mike Mueller
Mtg. Broker - California
Vlogger Extraordinaries
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Mike's Posts ~
Bill Rice
Lead Management Cicerone
Our Prospecting Genius
Web Site ~
Bill's Posts ~
Dan Melson
Mortgage Broker
The Anti-Scott Tucker
Web Site ~
Dan's Posts ~
Chris Johnson
Mortgage Broker
Business Development Pro
Web Site ~
Chris' Posts ~
Rhonda Porter
Mortgage Broker
Tech Marketing
Web Site ~
Rhonda's Posts ~
Brian Brady
Mortgage Broker
Social Media Expert
Web Site ~
Brian's Posts ~
Tyler Osby
Mortgage Broker
Wealth Creation Specialist
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Tyler's Posts ~
The Mortgage Cicerone
A Guide or Mentor
For Mortgage Professionals
Web Site ~
Mortgage Cicerone's Posts