When it comes to creating a social media presence, it is unlikely today that a person is not somehow connected. However, the amount of people not capitalizing on these social engines for business growth is astounding, and we believe the need to do so has never been greater. Think of going into a new account much like a job application, often when you leave the first thing your potential partner is going to do is research you and your company.Read More
How many times have you heard some corporate executive on social media or YouTube drone on about their “Great” company culture? Whenever you hear someone speak about company culture they are usually referring to a set of principles, behaviors or actions that have been fostered over a significant period.Read More
According to Forbes.com, there is 1.3 trillion dollars of student loan debt in the United States. Student loan debt is the second highest consumer debt category (mortgage debt is the first) and is higher than both credit cards and auto loans. The Forbes article indicates that the average student in the class of 2016 has $37,172 in student loan debt.Read More
The role of the Loan Officer is vital to the health of our economy. The demand for loans as well as the need to fulfill the American Dream of homeownership has never diminished. However, when you look around at your fellow peers, can you not help but notice the consistent age range of the sales division? The average age of Loan Officers in the United States is 42.3 years old for men, and 43.2 years old for women.Read More
PRMG Cares was designed to give back to communities and special charities in need across the nation. PRMG embraced and fostered a spirit of courage and tradition of giving back through PRMG Cares.Read More
Buying a home is a stressful moment in anyone’s life. There are tons of planning and moving parts involved so it’s understandable! Choosing the right lender is also another factor to consider there are several methods and options for buyers to help them get in the home of their dreams.Read More
Freddie Mac (FHLMC) has announced several upcoming changes to their seller guide, specifically in relation to Assets and Income. With these changes, you will find there are some enhancements for qualifying, as well as some new restrictions/requirements. One of the changes is that FHLMC will be requiring analysis of the business to support that the business has sufficient liquidity and is financially capable of producing stable monthly income for the borrower, similar to Fannie Mae.Read More
Tax time is the perfect time to sit and get a financial review before you finish up taxes and push the go button… or if you have already finished your taxes, we highly encourage that you speak with a loan officer and your tax advisor to see what things could improve your tax situation and even your living situation.Read More
IN ALIGNMENT WITH PROPOSITION 67
Grocery stores in California will no longer be issuing plastic bags and therefore will be charging $0.10 per bag at checkout. Great News! PRMG is happy to announce that we will be providing FREE Reusable Shopper Totes to all PRMG California Employees.Read More
“We are very excited about this years’ upcoming national marketing campaign that was recently showcased on the cover of the 2016 December issue of the Scotsman Guide. The new advertising campaign ties nicely into underlying slogan “progress is not possible without change” and will speak to a series of locks-ups we have slated for all our advertising in 2017” said Paul Lucido, National Marketing Director, PRMG.Read More
Several of PRMG’s Loan Officers and branches have teamed up with Home for Heroes, a nationwide organization that brings together specialists from the mortgage industry to help our nation’s heroes save on the home of their dreams.Read More
Imagine yourself a young person in a home in 2008 that your family had only recently moved into. You changed schools as your parents did all they could to buy in a particular neighborhood which would allow you to go to an award winning school with test scores at the top of the charts.
Everything seemed perfect as you finally had your own room with privacy you so desperately prayed for and a neighborhood full of kids your own age who all felt safe to play out front.
But it was not to last...Read More
At PRMG we are focusing a lot of time and resources on the technology front. The brand new Correspondent Portal is completely rolled out. The feedback from brokers that are totally set up on it is that the system is fast, clean and simple to use. This was a big undertaking for PRMG but we are investing heavily in the Correspondent Channel.Read More
I didn't go to school to become a Mortgage Banker. I came to learn about the industry and what I liked and became enamored with was that it is constantly evolving, it is constantly changing. Every time I come in, it is not like the move Groundhog Day.Read More
It has been another rough week for mortgage rates. Volatility has been high. The market action was driven almost entirely by expected policy changes under the Trump administration. Mortgage rates rose during the week to the highest levels of the year.
2015 showed strong signs of growth for many mortgage professionals and companies across the nation. Additionally, regulatory agencies ranging from the implementation of TRID to the CFPB have clearly played a major role in governing what we can and cannot do, forcing many mortgage entities to rethink their game plan and learn to adapt to the ever changing landscape.
Yes, change seems to be the subject on everyone’s tongue these days and has always been somewhat of a controversial matter.Read More
I'm not a marketing person, I'm not very good at getting out there and sending emails and blasting people so I stay involved in the community with the kids. I coach little league, Vice President of our little league, PTA President of our elementary school, I'm part of Rotary International and just keeping myself out there.Read More
The unexpected results in the Presidential election caused significant volatility in the markets, both overnight as the likelihood of a Trump victory grew and the next couple of days as investor expectations for the U.S. economy under Trump became the focus. Mortgage rates ended the week at the highest levels of the year, and the Dow stock index reached a record high.Read More