Monthly Archives: December 2019

woman working with home floorplans

The Difference Between Closed-End & Open-End Credit

To the average consumer, the world of loans, mortgages, and financing can be confusing and stressful. As a broker, it’s important to understand the difference between the different types of credit and their associated loans so you can advise your borrowers on their best path towards homeownership. Closed-End Credit Closed-end credit is a type of […]

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Getting a Career as a Wholesale Account Executive

As a mortgage account executive your main job is to develop and manage national or regional sales activities of mortgage broker networks or third party channels. They have a general knowledge of all loan products and guidelines because they provide advice and assistance to approved brokers.    Account executives work as mediators between mortgage brokers […]

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How Bonds Affect Mortgage Interest Rates

Mortgage rates do not exist in a bubble. Behind every mortgage purchased, people and institutions are looking to profit by investing their money in mortgage bonds and mortgage-backed securities. As with any financial decision, financial experts look at the big picture to determine how to play their hand. It’s a lot to understand, but it […]

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What Does an Underwriter Do?

The underwriter. He sounds like a superhero or a villain. In your life, he could be either. What is an underwriter and what does he do? If you are in the market to buy a house, you may find out very soon. An underwriter is a mystery person with a huge influence on your life […]

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