Justin Eddleton on LinkedIn: Exciting news! The HomeX Lending Team at Soarion Credit Union is expanding… (2024)

Dealers, it is absolutely crucial to partner with your lenders and to understand the changing dynamics of the lending market. Be proactive in protecting your store against fraud, and, by proxy, protecting your key lending partners from it as well. DO NOT turn a blind eye when a customer hands you a suspicious document or look the other way and pass the buck on to the lender. Audit your own deals and seek out a second, or third set of competent eyes to ensure your customers, as well as your sales and F&I teams, are not engaging in any of the practices that lenders are actively on the hunt for. Be smart. Don't become a headline for what not to do.#dealership #compliance #autofinance #creditrisk #fraudprevention

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!!!Attention Brokers and Loan Officers!!! Do you want to know a secret that will help you close loans quicker?? Do you want to reduce the number of times you are going back to your borrower to ask for documentation? I've got your secret. Are you ready? Hire an experienced underwriter to be your processor!!! I've got the perfect candidate!! ME! I have experience with wholesale, retail, correspondent; Conventional, FHA (DE), VA, USDA, Jumbo, bond/DPA. I know all property types including condos and manufactured homes. I calculate all income - including those complex self-employed borrowers. Whatever you throw at me, I can handle. If there's a way to make the file work, I'll find it. Let's talk and together we can streamline the files to close quicker, which means happier borrowers and more referrals. #letsgrowtogether #underwriters #opentoconnect #thinkoutsidethebox

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Have you ever stopped to consider everything your lender choice can impact?• Closing. 📝 You’re trusting your lender to get you to the closing table quickly and on time. Chase is so confident that we back it up with 💰💰💰 👉 https://lnkd.in/gJMBqJVJ• Education. 📚 An experienced loan officer helps make sure you understand each part of the process from start to finish. Understanding the process helps to relieve anxieties of purchasing not only now, but in future transactions.• Communication. 📱 In the midst of what can be a super-stressful process, you need to know you can reach the people who know your story and not just a call center. • Advocacy. 🗣️ Your lender is your voice in the process of the review. They represent you to the bank, their approval is what usually is backing your offer and they’re the one you’re trusting to make sure you have keys in your hand on your closing day. • Teamwork. 🙌 A good lender is a team player working to coordinate with you, real estate agents, title companies, attorneys and more to ensure you keep progressing to the finish line. You need a team you can trust from the start. If you or your clients would benefit from a conversation. Send me a message or give me a call. I can’t wait to impress you.📱 314-230-5775📧 adam.lauman@chase.com🪪 NMLS 735999

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What I believe ✅ loan officers should have and promote their own personal brand ✅ loan officers should be in control of hiring and or choosing their own team including their LOA / processor ✅ loan officers should be able to make decision on PEs and credits during the conversations not a back and forth with a manager ✅ loan officers should be able to decide what philanthropy they want to invest in ✅ loan officers make themselves into what they become - no company makes a loan officer great I’m a loan officer advocate. They go to battle everyday. They deserve honesty, transparency, and the ability to get the job done. Why? Because they bring in the revenue that the rest of the company enioys.

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Non-QM, Verification, Fraud Prevention, Buy Before You Sell Products; STRATMOR on Borrower Satisfaction #finance #financial #finanzas #finanza

Meet Rich Brandt, Senior Loan Officer at Northpointe Bank. NMLS#1628559What are you watching (tv show)?GhostsWhat is your favorite hobby?Playing PickleballWhat is an item on your bucket list?Safari in AfricaWhat is always in your refrigerator?Chocolate Almond MilkWhat do you love about being a Loan Officer at Northpointe Bank?Knowing what we do positively impacts a person’s life, in a very meaningful way, is a blessing. The part that brings me the most personal satisfaction is when a borrower comes to us after a deal fell apart with another lender, not because the borrower doesn’t qualify, just because we put the pieces together better. Turning a person’s no ownership into homeownership is the best part of the job. What makes it great to do at Northpointe Bank is that everyone from management, underwriting, the processors, closing department, and all the other support staff have the same goal.#WeAreNorthpointe #meetnorthpointe #northpointebank #employee #loanadvisor

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Auto loan fraud has become an increasing concern among banks and credit unions. In the 2021 fiscal year alone, loan fraud amounted to over $7.7 billion. So, how can you prevent it?➡️Improve your screening process.➡️Lean into modern technologies, such as AI.➡️Enhance your collaboration with law enforcement.Check out our blog to learn more about this growing issue and how to help prevent it at your financial institution.#indirectlending #autolending #creditunions #banks #loanfraud

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Big news over here at Baker with the addition of Jeff Varner to head up our loan desk. Please let us know how we can help expand your institutions needs on the buying and selling of loan participations!

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“Lenders that are able to assist customers who see the car-buying process as unclear or confusing have a "white knight" opportunity,” -Cody Gillund, Vice President of Marketing at Open Lending. The data is in, and you shouldn’t ignore it when making decisions on loan conditions of near-prime borrowers. There’s a big opportunity to build long-term relationships with more consumers using sophisticated interest-rate pricing models that allow for higher approvals. Dive into this article by Automotive News to get more details: https://lnkd.in/gVC-KZMJ

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3️⃣ Secrets Lenders Hate ❌❗️Lenders rely on stable income, financial transparency, and honesty to assess loan risk. Quitting a job can jeopardize your ability to repay. Cash outside a bank raises questions about its source and stability. Lastly,Hiding your intention to use the property as an investment rather than a primary residence can result in misleading the lender, potentially leading to legal penalties. You should always be straight and upfront with your lender. Just like you would when you hire an attorney. #LendingInsights #FinancialTransparency #MortgageTips #LoanAdvice #HonestBorrowing #toberlends #toberteamJon Tober NMLS ID# 212945 | Branch NMLS ID# 2459893 | Summit Funding, Inc. NMLS ID# 3199 | www.nmlsconsumeraccess.org | Equal Housing OpportunityThis communication is for informational purposes only. This is not a commitment to lend. All loans are subject to buyer and property qualification. All programs, rates and fees are subject to change or cancelation at any time and without notice. Contact Summit Funding, Inc. to learn more about mortgage products and your eligibility.

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