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    • Jan 9
    • Posted by:

      Mary Ann McGarry, President & CEO

    Resolutions & Regulations

    With a new year comes new resolutions and new regulations. We hope that regulators take a common sense approach to homeownership opportunities while ensuring consumer protection. Just as we’re ready for changing interest rates with a focus on purchase products, we’re ready for changing regulations. This year, we’re focusing on our compliance infrastructure to support the growing needs of our company. We are staffing up and we’re supporting our sales teams’ compliance needs. We continue to focus on effective risk management while supporting customers, our sales teams and our servicing division.

    • Dec 29
    • Posted by:

      Anita Lender, Blogger & Mortgage Expert

    What are some tips for shopping for a mortgage?

    Find the right team
    When shopping for a mortgage, remember that there is so much more that goes into a loan than interest rate and fees. Be sure to avoid focusing only on cost. Getting a mortgage is complicated and stressful. You should be able to work with someone who can explain the mortgage process to you, answer your questions, make you feel comfortable, and help you navigate the entire process. The people handling your mortgage should be part of a unified team because it takes a lot of people to get a loan closed including your loan officer, processor and underwriter. You’ll want to work with a loan officer who has a good relationship with his or her processor and underwriter, who are the decision makers on each loan.

    Make sure to find a team that will communicate with you how you want to be communicated with. Consider whether the underwriter is in-house at your mortgage lender.


    Most importantly, work with someone you can trust.


    Program Availability
    Not all lenders offer the same programs. They can vary from lender to lender. Make sure your lender has the right products to fit your lid. For example, not all lenders will have special down payment assistance programs, programs for special circumstances or jumbo loan offerings.


    Who will own the loan?
    When applying for a loan, think about who you will make your payments to and whether they have good customer service. After the loan closes, you want to continue to have a good experience with your servicer.
     

    • Dec 19
    • Posted by:

      Mary Ann McGarry, President & CEO

    Ready For What's Ahead

    We’re ready for 2017. There’s been a lot of talk about the presidential election and how it may alter conditions for the housing market. At Guild, we’re preparing for what changes a new administration and a new year may bring. We’re poised for continued success through our focus on the purchase market. We’re preparing for better jumbo loan offerings, more options for borrowers wanting to remodel or make energy improvements, and offerings for people affected by natural disasters. We also continue to transform the way we operate to improve customer service and close loans faster. We’re improving property inspection waivers, condo approvals, jumbo processing and automated verifications. We look forward to 2017 and whatever changes lie ahead.

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DISCLAIMER - PLEASE READ

The blog postings on this site represent the positions, strategies or opinions of the author and do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions.