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RECENT BLOG POSTS
Saying you have a 700 credit score is not considered as good as it used to be, especially with new scoring modules for the mortgage indusrty.  The below is a good rule of thumb 840 - 800 Best 799 - 760 Excellent 759 - 740 Very Good739 - 720 Good719 - 700 Above Average699 - 640 Average639 - 620 Be...
09/01/2016
Banks, Mortgage Bankers, Mortgage Brokers and Credit Unions are not Licensed Credit Report Vendors and do not distribute copies of their reports on borrowers.   However, Federal law requires each of the three nationwide consumer credit reporting companies - Equifax, Experian and TransUnion to giv...
08/27/2016
Service Release Premium (SRP)/ Overage is profit that banks make when they sell a Borrower's loan to a servicing company post closing.  Amazingly, banks are legally allowed to hide this profit, never having to disclose it to consumers.  Banks make money on the interest rate they sell to borrowers...
06/03/2015
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Steve McRory

Mortgage Loan Originator
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