RESIDENTIAL EDITION VOLUME 18 ISSUE 2 FEBRUaRy 2011
What we’re blogging
“The gap between [loan] posts with no replies
and those with at least one reply widened during
the [third quarter of 2010]. Posts receiving no
replies had an average FICO score of 626 while
posts with at least one reply, which we view as
an indicator of lenders’ interests, had an average
FICO score of 705 — a difference of 79 points.
This is the largest gap since we started tracking
Loan Post statistics in early 2007 and indicates
that lenders still show little interest in anything
other than the highest-quality prime loans.”
— Dan Yeh, Dec. 28
Loan Post FICO Scores
Illustration: Keith Negley
Source: Scotsman Guide Loan Post
Whether you focus on one loan type or prefer the scattershot method of prospecting, knowing
the advantages of having a niche — and some of the wisest to choose — can help you decide if
your current approach is best. The following past articles in Scotsman Guide can help.
Scotsman Guide’s Mortgage Metrics: Residential
blog presents news links and content from
our award-winning lender-search engines and
Scotsman Guide Loan Post. Check out daily
posts — and exclusive data each Tuesday — at
Tools and resources
Make Specialty Properties Your Specialty
By Tisha D. Hartman,
The Fixer-Upper Advantage
By Andrew J. Niesen,
Be a Niche-Picker
By Brad Cooper,
Loan Officer Success
Property-Tax Reduction: A Niche to Consider?
By Andrew Lockwood
Finding a Niche in Foreign Investors
By Justine Assal,
How to Handle REO Deals
By Desirée Patno,
Desirée Patno Enterprises Inc.
How to Work with Military Borrowers
By Beverly Frase,
Analytic and marketing skills can take you and your specialty to the next level
By Peter Harvey, Intellidyn Corp.
Post a loan scenario and receive lender
replies — for free.
Who can do a loan for that specialty property?
Check out our list.
When you’re unsure what type of lender has
a program for your borrower, let our wizard
do the work.
(* requires Internet Explorer)
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