The Money Source Inc.

Recent Posts

Top 10 Benefits of a Partnership with The Money Source Inc.

Apr 07 2017
Top10_2.png

Consumers Remain Highly Confident

Mar 31 2017

MortgageNews_iPadArt-4-1-5-1-1-1-1-1-1-1-2-1.jpg

There were two main influences on mortgage rates over the past week. The canceled vote on the health care bill was positive for mortgage rates, while an impressive rise in consumer confidence was negative. The offsetting effects resulted in mortgage rates ending the week a little lower.

Last week, President Trump was unable to gather enough votes to pass the health care bill and the vote was canceled late Friday afternoon. This increased investor concerns about Trump's ability to deliver his business friendly policy changes in other areas. Policies which stimulate growth are good for the economy, but they raise the outlook for future inflation. Investors had pushed mortgage rates higher in anticipation of his policy changes. As a result, reduced expectations were good for mortgage rates. 

MortgageNews_3-31.pngTuesday's report on Consumer Confidence from the Conference Board showed an enormous increase to the highest level in a decade. Solid gains were seen in optimism about both present and future economic conditions. Higher confidence levels generally lead to increased future economic activity, so this data was broadly applauded, but it was not good for mortgage rates.

Encouraging news in the housing sector continued this week. In February, the Pending Home Sales index rose 5.5% from January to the second best level in a decade. There are two reports each month which measure sales of previously owned homes. The report on sales of existing homes measures closings during the month, while pending sales measure contracts signed, making the Pending Home Sales data a leading indicator of future closings.

Looking ahead, the important monthly Employment report will be released on Friday. As usual, this data on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the ISM national manufacturing index and Construction Spending will be released on Monday. The ADP Employment Change and the ISM national services index will come out on Wednesday. 

Topics: mortgage news

We Make Trailing Docs EASY!

Mar 29 2017

At The Money Source, we want to do everything we can to help you be successful. One feature of our EASY loan platform that helps you stay productive is our Trailing Docs report. 

To access this report, go to the Reports section of EASY and click on the Trailing Docs option. 

TrailingDocs_EASY report4.jpg

This report downloads an Excel file that includes every loan that has missing docs along with a list of the docs that are missing. This makes it EASY to review all the information in one report. 

By staying on top of missing docs and submitting them right away, everyone is more productive and successful. 

You can send trailing docs and any questions you have on trailing docs to our Records Retention team - RecordsRetention@themoneysource.com.

To make sure all the right people at your company have access to EASY and can regularly check the reports and ensure compliance, simply send an email to Clients@themoneysource.com and include the name and email of the person you wish to be given access. 

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

Click here to log  into EASY!

Topics: EASY, trailing docs

Did You Know - Servicer Loan Number

Mar 16 2017

Notebook_DYK_TMS_revised-1.jpg

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

ServicingLoan#6.jpg

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

Notebook_DYK_TMS_revised.jpg

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

Suspense_Report3.jpg

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

BulkRegister_email_V2.1.jpg

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

Notebook_DYK_TMS_revised.jpg

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

PurchaseAdvice4.png

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

PurchaseAdvice2.png

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

EASY_FeaturesYou'llLove.jpg

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

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 – This shows the average purchase date minus the lock dates for all purchased loans in the report period.

Seller: Deliver to Purchase – This shows the average purchase date minus the received date for purchased loans in the report period.

The Peer Comparison feature allows sellers to see how they stack up againse others. 

 

 Turn times _ 1.jpg Turn times _ 2.jpg

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.)

Conditions_Corr_CONV2.jpg  Conditions_Corr_FHA2.jpg

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. 

HedgePerformance.jpg 

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

Topics: EASY, Lender Scorecard

Follow Us

Twitter Facebook LinkedIn

Posts by Topic

see all