The Money Source

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Did You Know - Servicer Loan Number

Mar 16 2017

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The servicer loan number is available for you once you lock a loan in EASY.

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We are your partner on the path to success and
our EASY system is built to help you grow!

Topics: EASY, did you know, servicer loan number

Did You Know - Suspense Report

Mar 01 2017

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You can download a Suspense report in EASY that shows ALL loans with outstanding conditions and the detail of each condition on one report?

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We are your partner on the path to success and
our EASY system is built to help you grow!

Topics: did you know, suspense report

The Money Source Hires Shayna Arrington as Chief Compliance Officer

Jan 26 2017

Shayna Arrington.jpgThe Money Source is pleased to welcome Shayna Arrington as our new Chief Compliance Officer to lead our regulatory compliance efforts.

Arrington comes to The Money Source with extensive governmental and private sector experience, including positions with the U.S. Department of Housing and Urban Development and the U.S. Department of Justice. Arrington was most recently a compliance attorney with the American Mortgage Law Group in San Francisco.
 
Rick Toma, Chief Operating Officer of The Money Source, praised Arrington’s deep industry knowledge and keen understanding of regulatory compliance.

“We are truly excited to expand our executive team with such incredible depth and breadth,” said Toma. “We are gaining an expert in compliance who has been at the forefront of the evolution of compliance in our industry.”

Arrington will oversee regulatory compliance within our many service lines, including retail lending, correspondent lending, wholesale lending and loan servicing. As we continue to build out industry-leading mortgage and financial technology, Arrington will assure our technology architecture is driving not only a class-leading user experience but also the highest levels of compliance.

Topics: The Money Source Inc., compliance, Chief Compliance Officer, Shayna Arrington

Announcing Bulk Registration!

Jan 19 2017

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We are pleased to announce the latest feature of our EASY loan portal - Bulk Registration!

This feature will save you time which of course saves you money! You'll be able to map your LOS to our template and submit dozens of files in a matter of seconds.

Once activated, you'll access bulk upload on the EASY Registration page where you will upload all of your files in one document. Your Post Closing team will then take care of uploading the FNM 3.2 of the loan files at a later time.

To enable the Bulk Registration feature for your team, please contact your Account Executive.

Click here to log  into EASY!

Topics: EASY, bulk registration

Did You Know - Purchase Advice

Dec 16 2016

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You can download the Purchase Advice within the Reports section of EASY. 

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Define the date range, download, and export to Excel.

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This report also tells you how quickly we purchased the loan.

We are you partner on your path to successa and our EASY system is built for you!

Topics: purchase advice, did you know

The Money Source Hires John Brumund to Grow National Network of Retail Production Centers

Dec 14 2016

DSC_5097 _2.jpgThe Money Source, a rapidly expanding nationwide mortgage lender and loan servicer has hired John Brumund as their new Senior Vice President, National Distributed Retail Director.

In this position, Brumund will lead a new initiative to continue to grow their retail lending presence throughout the United States for The Money Source and drive pre-qualified mortgage leads to a nationwide network of Regional Retail Production Centers.

Brumund comes to The Money Source with more than 20 years of experience in national production within the retail and wholesale mortgage origination industry. He held executive-level positions at SWBC Mortgage and Pacific Union Financial, and was the Chief Technology Officer and Executive Vice President of Wholesale Lending at Paramount Residential Mortgage Group before joining The Money Source.

"John’s experience and qualifications along with the respect that he has earned in the industry made him the perfect candidate to help continue to grow our retail channel,” said Trent Ford, Executive Vice President of Retail Lending.

The Money Source’s rapidly expanding Arizona offices and junior loan officer program will support the expansion, positioning the company to evolve and grow for years to come.

“We’re always looking around the bend,” said Darius Mirshahzadeh, CEO of The Money Source. “We know the retail sales model is evolving and we’re engineering our platform for the next generation of homebuyers. We’re looking to people, like John, to realize our vision for a new retail lending platform that empowers our sales teams and attracts buyers in a way that works for both us and the customer.”

Brumund’s hire follows a year of nationwide expansion for The Money Source, including hiring more than 500 new employees, opening offices in Santa Ana, Calif.; Phoenix, Ariz.; Meriden, Conn. and funding over $1 billion in new loans in one month. The Money Source was recently honored as a Financial Services Silver Stevie® Great Employers award winner. This honor follows recognition in May, when The Money Source was awarded the Bronze Stevie® Award for “Management Team of the Year.”

3 Features in EASY You Will Love!

Nov 29 2016

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At The Money Source, we like to make things easy for our clients, which includes our state-of-the art mortgage platform called EASY.

Here are THREE features you will LOVE in EASY! All of these features can be found on your Scorecard found under the Reports tab.

1. Turn Times

On page 1 of your Lender Scorecard you can see both seller and peer comparison turn times. 

Seller: Lock to Purchase – Shows the average purchase date minus the lock date for all of the Seller’s purchased loans in the report period.

Seller: Deliver to Purchase – Shows the average purchase date minus the received date for all of the Seller’s purchased loans in the report period.

We also have a Peer Comparison feature, so our clients can see how they stack up to others. 

Peers: Lock to Purchase – Shows the average purchase date minus the lock date for all purchased loans in the report period for the entire channel.

Peers: Deliver to Purchase – Shows the average purchase date minus the received date for all purchased loans in the report period for the entire channel.

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2. Top Conditions by Loan Types

Page 4 of your Lender Scorecard shows the top conditions by loan type on purchased loans for the current month. (A maximum of ten conditions will be displayed.)

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3. Hedge Performance

Page 2 of your Lender Scorecard shows the cost of hedging loans for Best Effort locks. The higher to Performance Ratio, the better. 

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 Is YOUR pipeline EASY to manage? Click here to get started!

Topics: EASY, Lender Scorecard

Experience EASY

Oct 04 2016

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At The Money Source, we like to make things easy for our clients, which includes our state-of-the-art mortgage platform called EASY. 

Our innovative, web-based EASY loan portal is user-friendly and designed for YOUR work flow. 

EASY delivers the features you need with the simplicity you want including:

  • Price, lock and deliver your loan in one system
  • Real-time status and conditions
  • Customized notifications based your needs
  • Easily create and manage users
  • Peer comparison

By partnering with The Money Source, you'll also benefit from a dedicated and experienced team, a large offering of products and the tools you need to grow your business. Click here to Become a Partner today!

Topics: Correspondent partner, The Money Source, Correspondent Mortgage, Pink Unicorn, correspondent loan team, mortgage platform, EASY, loan portal

Meet the TMS Team - Lisa Karcic

Sep 13 2016

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At The Money Source, our Team strives to provide Rock Solid Service every day. The people who make up our team are the key to our success. Meet one of the members who makes up our Correspondent team -Lisa Karcic

Lisa Karcic is a Purchasing Coordinator who works in our Melville, NY office and has been a part of the team since March 2015. Prior to joining The Money Source, she played basketball in Europe for five years and she lived in seven different countries during that time.

Lisa grew up in New Hyde Park and moved to Westbury a year ago. She has two older siblings and will be an aunt in two weeks when her sister gives birth to her first child! She loves to travel to new places, go to the beach, or play briscol (an Italian card game) with her grandma.

The best part of her job is the people. She’s made some great friends while working at TMS and she really enjoys working with the family.

More facts about Lisa:

  • Favorite TV Show: Modern Family
  • Favorite Food: Buffalo chicken pizza from Umbertos
  • Dream of hers: Open up her own basketball training facility

Thanks to Lisa for sharing a little about herself!

Editor’s Fun Fact: Lisa is an Olympian! She has dual citizenship as a Croatian-American and represented Croatia in the London 2012 Olympics on the Women’s Basketball team!

Topics: Meet the Team, Melville NY, Correspondent team, Lisa Karcic

The Money Source - A Great Place to Work

Sep 09 2016

The Results Are In - We Couldn't Be Happier!

GreattPlaceToWork2016_TMS_v2.jpgWe are pleased to announce that The Money Source was recently certified as a great workplace by the independent analysts at Great Place to Work®. We earned this credential based on extensive ratings provided by our TEAMS in anonymous surveys.

Categories we were rated on include:

  • Great Atmosphere
  • Great Rewards
  • Great Pride
  • Great Bosses

We are driven by our Core Values and our commitment to our people is something we take very seriously. We are very thankful to all who shared their thoughts about working here. Interested to see what else they had to say? Check out the results details in the link below! 

Great Place To Work Results

Want to join our team?

Send your resume to resume@themoneysource.com to learn more about openings at our company. 

Topics: Team, The Money Source, Core Values, Great Place to Work

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