Mortgagecast With Erin The Expert

In this episode, we talk with Ross Maghan, a 15-year veteran of the home & flood insurance industry, to find out how the COVID pandemic has impacted business operations, what pain points clients are experiencing and what innovations will stay with us after the pandemic subsides.

In this episode, we sit down with Vic Melillo, a Credit Scoring Expert with over 30 years of credit reporting industry experience to clear up misconceptions about forbearance and deferment of mortgage payments.

In this episode we are taking appraisal of appraisals with industry expert Mark Trimmer as he walks us through the changes that have taken place as the pandemic unfolds and he reveals the number one innovation impacting traditional appraisal systems.

Tom Carvelli has a conversation with John DeSantis from MEGA Title about how he and his company are operating title and settlement services during the pandemic crisis to ensure clients close on time while ensuring their safety.

Lately, I've seen a lot of "Pre-loan Worksheets" from other lenders and I thought it would be a good idea to address what these are and why you should demand a Loan Estimate (LE) from your loan officer. I never use pre-loan worksheets and my team and I work diligently to provide a loan estimate that is comprehensive and as accurate as possible - without underestimating the true costs. Though a loan estimate is non-binding for the client, it does set tolerance thresholds for the lender - I talk about this in detail. We also dive into the process of issuing various LEs and Closing Disclosures (CDs) throughout the process. Want to learn more? Check out my LinkedIn content page here >> https://www.linkedin.com/in/erincarvelli/detail/recent-activity/posts

In this episode, Tom and I welcome John Mauro to the show. John is the Vice President and Co-founder of Greenway Mortgage. Our conversation is an in-depth look at what happens behind the scenes and what it takes to operate a direct mortgage lender like Greenway. There are many aspects a typical client is not exposed to that makes approving, closing and funding a mortgage possible. My clients get to know my team and me best along the way but we are but a tiny cog in a very intricate framework that includes government entities, various financial institutions and a host of Greenway employees working diligently to get loans to the closing table and beyond. John, along with our President James, is at the helm overseeing the daily operations with a keen eye towards the future. There's a lot of industry terminology discussed so be sure to check the show notes at http://bit.ly/ete-jm

In this episode of MortgageCast, Erin the Expert discusses the many benefits of using a Renovation Loan to purchase a home in need of repair or to upgrade one you already own. Complete show notes at http://bit.ly/ete-reno1 Some of the talking points are: (1) Construction vs. Fix and Flip vs. Renovation (2) The Renovation Mortgage Process (3) What's a Loan Consultant? (4) What can the borrower expect? (5) What happens at and after closing? (6) What if there is no equity in the house? Can someone still finance a renovation? (7) What is required of the contractor? And more at http://bit.ly/ete-reno1