Outgrowing your current company? Not getting the support you need? If your platform
has let you down, or if you’re ready to take your branch to the next level, let’s talk.
CrossCountry Mortgage, Inc. is aggressively expanding — adding driven, knowledgeable
branches across our nationwide footprint. Discover why high-producing branch
managers and loan originators are making the move to CrossCountry Mortgage, Inc.
RETAIL BRANCHING OPPORTUNITIES
WHY JOIN CROSSCOUNTRY MORTGAGE, INC.?
■ Dedicated branch support team
■ Customized onboarding/transition plan
■ Licensed in all 50 states
■ Traditional and niche lending programs
■ In-house underwriting
■ FNMA/FHLMC/GNMA agency approvals
■ Conditional loan approval on TBD properties
■ 21-day close platform
■ National brand and marketing platform
■ Marketing Services Agreement support
■ Real-time accounting and reporting
■ Corporate training and HR support
■ Integrated technology platforms
■ Competitive compensation and benefits
volume ■ profit ■ service ■ guidance ■ support ■ stability ■ opportunity
CrossCountry Mortgage, Inc. ■ 6850 Miller Road, Brecksville, OH 44141
NMLS3029 ( www.nmlsconsumeraccess.org). ■ For licensed mortgage professionals only.
“It is much easier today for homebuyers to
explore all of the options available as they
go through the mortgage process.”
Grant programs are just what the
name implies: free money, no lien, no
strings attached. Matched-savings programs are another type of “free money”
program. Borrowers save their money
to purchase a home and the offering
agency “matches” the borrowers’ savings, sometimes by as much as a 3-to-1
ratio. Oftentimes this type of program
involves a lien on the property, which
is cleared after the matched amount is
forgiven over time.
Reduced-fee programs are typically
first mortgages that offer discounted
fees by any or all of the housing indus-
try professionals involved, including
the lender, Realtor, appraiser, home
inspector, etc. Similar to reduced-fee
programs, below-market-rate pro-
grams offer homes for sale at reduced
sales prices. Typically, these programs
include deed restrictions to ensure the
homes remain affordable in the future.
Employer-assisted programs are yet
another option designed to make
homes more affordable for targeted
homebuyers. They are not necessarily
designed for low- to moderate-income
first-time hombuyers, however, given
that the programs are offered by em-
ployers seeking to attract employees.
These recruiting offers will vary from
company to company.
Do the homework
It’s always a good idea to search local
programs whenever you have a homebuyer who is purchasing a property as
their primary residence. Whether they
are first-time or repeat homebuyers,
there may be a program that could
meet their low-downpayment needs.
programs outlined in the DPR search
platform, for example, indicate that
borrowers do not have to be first-time homebuyers. The Department
of Housing and Urban Development
defines a first-time homebuyer as
someone who has not owned a home
in three years.
DPR and housing agencies nationwide are continually reviewing technology to enhance the homebuyers’
and mortgage professionals’ experience. It is far easier today for homebuyers, and the mortgage originators
assisting them, to explore all of the
options available as they move through
the mortgage process.
Along with the wide variety of
that are available to homebuyers, the
Fannie Mae and Freddie Mac also offer
affordable mortgage products. Among
them are Fannie Mae’s HomeReady
and Freddie Mac’s Home Possible loan
programs, which each require only a
3 percent downpayment.
It is important for mortgage originators
to become educated about the wide
range of home-financing programs
that exist in the market, including
so they can present the best mortgage
options available to their borrowers.
Low-downpayment options, in particular, are essential to unlocking the door
to homeownership for thousands of
young homebuyers. Education is the
key. Education is power. Educate yourselves. Educate your clients, and everyone wins. ■
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