I am very interested in working as a Loan Processor but I am also curious of what does it take to open one’s own Mortgage loan office. I know the essential people would include a Mortgage Broker license, underwriter, loan consultant, document drawer, etc. but what else is needed besides a large capital.

Foreclosure protest at San Francisco Federal Reserve Bank
open mortgage loan

www.rainbowpush.org

www.defendyourdollars.org/topic/mortgages/

Coverage of Jackson’s visit to the bay area

www.nbcbayarea.com/news/local-beat/Jesse-Jackson-on-Forec…

www.mercurynews.com/realestatenews/ci_13362518

Investigative reporting on foreclosures

www.prospect.org/cs/articles?article=there_goes_the_neigh…

www.salon.com/news/feature/2009/03/04/loan_modifications/

An explanation of the mortgage crisis

www.thisamericanlife.org/Radio_Episode.aspx?sched=1242

Michael Moore’s Capitalism: A Love Story which opens 10-2-09 deals with foreclosures. Links on my photos from his visit the day before Jackson’s

www.flickr.com/photos/ari/sets/72157622401887780/

 
I am married but not on the Mortgage loan w/ my spouse can my credit be affected, in foreclosure?

I am married bu i am not on the mortgage loan, it does not show up on my credit report and when the payment stub comes in the mail it is only addressed to my spouse. If we foreclose can this affect my credit? Or will only my spouse’s credit be affected? I did sign [...]

 
Is there a difference between a loan modification and a mortgage modification?

My husband and I just got into a huge fight because I was supposed to ask for a Mortgage Modification instead of a Loan Modification for our mortgage loan…is there a difference? I thought they were the same. In regards to us “having huge issues,” YES, we do have huge issues when it comes to [...]

 
Help determining how much mortgage company paid to buy a loan in pre-foreclosure?

Question for your real estate investors out there. I am aware of a property that is in pre-foreclosure. I happen to know that the mortgage on this property has been sold a number of times (I realize that this is very common in the mortgage industry). However, the company that holds the loan now is [...]

 
What is the FASTEST a mortgage broker can close on a homeowners loan?? Am I screwed??

I made the mistake of using a friend that was new in the biz as my mortgage broker on my new home. He is with a small operation. Well, I am suppost to close on June 5th and he said they can’t do it! I have to call around tomorrow to find a new mortgage [...]

 
Has Anyone had success getting a mortgage loan modification?

I currently trying to get a loan modification through us bank i am formerly a downey saavings bank customer but when they went under my mortgage was taken over by us bank. Has anyone had success doing this and how long did it take. Thank You Foreclosure protest at San Francisco Federal Reserve Bank www.rainbowpush.org [...]

 
Does a bank have to agree to a mortgage loan modification or is it voluntary?

We have lost a third of our income and unable to make our next mortgage payment. I asked my loan officer about a modification and he acted like he had never heard of it. Now he is avoiding my calls. Foreclosure protest at San Francisco Federal Reserve Bank www.rainbowpush.org www.defendyourdollars.org/topic/mortgages/ Coverage of Jackson’s visit to [...]

 
Loan Closer Bank of America?

What experience is needed to be a Loan Closer w/ Bank of America. I’m trying to get the job through a temp agency. I have 5 ys exp as a bank teller (customer service). The recruiter thinks that the CSR exp would be ok but has to double check. Im I incorrect? 1 hour ago [...]

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