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

Strong Job Gains

Mar 07 2016

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A wide range of major U.S. economic data was released over the past week covering the labor market, manufacturing, services, and housing. Overall, the data suggested that U.S. economic growth and inflation were a little stronger than expected. As a result, mortgage rates ended the week higher. 

Friday's Employment report showed that job gains remained strong. Against a consensus forecast of 190K, the economy added 242K jobs in February. Upward revisions to prior months added another 30K. The economy has added an average of 228K jobs per month over the last three months. The Unemployment Rate remained at 4.9%, as expected.

Average hourly earnings, an indicator of wage growth, declined slightly from January, well below the consensus for a modest increase. After a concerning rise in wages in January, the decline in February was good news for mortgage rates and partially offset the negative effect of the strong job gains.

The February ISM national manufacturing survey released on Tuesday indicated that things may be turning a little more positive for this sector. The survey rose to the best level in five months. For mortgage rates, one component of the survey was concerning. The prices paid component measures the change in the prices that manufacturers charge. In February, the survey on prices paid revealed a much higher reading than was expected, hinting at rising inflation. This follows significant increases in the recent broad-based monthly inflation measures. Mortgage rates are highly influenced by the outlook for future inflation. As inflation expectations rise, so do mortgage rates. 

Looking ahead, the biggest event next week will be the European Central Bank (ECB) meeting on Thursday. It is expected that the ECB will announce additional stimulus measures, which could include an expansion of its bond purchase program. Very little U.S. economic data will be released next week. Import Prices will come out on Friday. There will be Treasury auctions on Tuesday, Wednesday, and Thursday.

Topics: Ali Vafai, The Money Source, Correspondent Mortgage, employment report, economic growth

Experience EASY

Feb 22 2016

TMS_Experience_EASY.jpg

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

Section 184 Indian Home Loan Guarantee Program

Jan 11 2016

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As part of our extensive FHA program at The Money Source, we offer the Section 184 Indian Home Loan Guarantee Program. 

This program is specifically designed for America Indian and Alaska Native families, Alaska Villages, Tribes or Tribally Designated Housing Entities. It can be used, both on and off native lands, for new construction, rehabilitaion, purchase of an existing home, or refinance. 

The Department of Housing and Urban Development (HUD) established this program to help increase Native American homeownership, by increasing access to capital for Native Americans and guaranteeing these loans 100%. 

By becoming a partner of The Money Source, you and your clients will have access to this special program. If you already are partnered with TMS, contact your Account Executive for more information. If you have yet to partner with us, fill out our Become a Partner form and benefit from this program.

More information can also be found on the HUD website.

Topics: Correspondent Loans, FHA, TMS, The Money Source, Correspondent Mortgage, Section 184, Become a Partner, Pink Unicorn, Indian Home Loan Guarantee Program

Meet the TMS Team - Eileen Wanerka

Dec 10 2015

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We are pleased to introduce you to another member of our TMS Team. Today you'll meet Eileen Wanerka, SVP of Operations Technology at The Money Source. 

Eileen works in our Melville, NY office and has been with the team since June 2014. Eileen loves the great team at TMS. She enjoys working with everyone. She loves helping people, troubleshooting, and enhancing the system.

Eileen lives in Patchogue, NY with her sister and niece. They’ve been there for the past two years and are all incredibly close to their immediate and extended families. They go on family vacations every year. Eileen spends her free time traveling, baking, and dabbling in photography.

Fun Facts about Eileen:

  • Favorite Food: Red Noodle from Tiny Thai in Farmingdale
  • Favorite TV Show: There are a lot, but currently it’s Quantico
  • Fun Fact: She’s fire walked!

Thanks to Eileen for sharing a little about herself!

Topics: Meet the Team, NY, The Money Source, Melville, The Money Source Inc., Meet the TMS Team, Correspondent Mortgage, Eileen Wanerka, SVP Operations Technology, Pink Unicorn

Meet the TMS Team - Angela Stalzer

Aug 07 2015

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Welcome to another edition of Meet the TMS Team! Today we’ll introduce you to Angela Stalzer, 203k Team Lead / DE Underwriter.

Angela works in our main office in Melville, NY and has been with the Team since September of 2011. She chose to work at The Money Source because of the atmosphere and how family orientated it is. She doesn’t feel like just an employee, but a part of the family. She has met some great people at TMS that will be lifelong friends. One of her hobbies outside of work, is teaching children to speak Italian!

The most influential person in her life, is her mother. She taught her to be strong and independent.

Other fun facts about Angela:

  • Favorite Candy: Twizzlers
  • Favorite Book: The Longest Ride by Nicholas Sparks
  • Favorite Take-Out Restaurant: Beni-hana Japanese…especially the crunchy shrimp roll!

Thanks to Angela for sharing a little about herself!

Topics: NY, The Money Source, Melville, The Money Source Correspondent, Meet Our TMS Team, The Money Source Inc., Angela Stalzer, Correspondent Mortgage, 203k

Meet the TMS Team - Matt Sowder

Aug 04 2015

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Welcome to another edition of Meet the Team! Today we'll introduce you to Matt Sowder, Senior Loan Servicing Analyst here at The Money Source.

Matt works from our Servicing office in Meriden, CT and is a newer member of our Team. He joined the TMS Team because he heard good things about management and company and he wanted to be a part of the startup of our Servicing division. He joined in hopes of growing with the company as well as enhance his skills and knowledge in the industry. Outside of work, his favorite hobby is photography.

According to Matt, the most influential person in his life is Theodore Roosevelt. Mostly because of his zest of life and he stood for what he believed in. He also enjoys Teddy's love of nature, but not so much his trophy hunting hobby.

Other fun facts about Matt:

  • Favorite Candy: Twizzlers
  • Favorite Book: The Pistoleer by James Carols Blake
  • Favorite Take-Out Restaurant: Five Guys

Thanks to Matt for sharing a little about himself!

 

Topics: CT, Servicing, The Money Source Inc. Servicing, The Money Source, Senior Loan Servicing Analyst, Meet Our TMS Team, The Money Source Inc., Meriden, Matt Sowder, Correspondent Mortgage

Meet the TMS Team - Sarah Mabina

Jul 29 2015

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We are pleased to introduce you to another member of our Team. Today you'll meet Sarah Mabina, Records Retention Specialist.

Sarah works in our main office in Melville, NY and is a newer addition to The Money Source Team. She choose The Money Source because she was looking for a career change that fit her lifestyle. The hours and location of TMS, along with her previous banking industry experience, were a perfect fit for Sarah. When she's not busy at work, she likes to spend her free time reading.

The most inspirational person in her life is her husband. Even though he's had to overcome many health obstacles, he's always maintained a positive attitude. He lives by his values and morals and does whatever he can to help others.

Other fun facts about Sarah:

  • Favorite Candy: Almond Joy
  • Favorite Book: The Coldest Winter Ever by Sister Souljah
  • Favorite Take-Out Restaurant: Cheesecake Factory

Thanks to Sarah for sharing a little about herself!

Topics: Correspondent, Records Retention Specialist, NY, The Money Source, Melville, Sarah Mabina, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage

Meet the TMS Team - Vlad Guerra

Jun 25 2015

Vlad

Welcome to another edition of Meet the TMS Team! Today we'll introduce you to Vlad Guerra, Records Retention Team Lead at The Money Source.

Vlad work in our main office in Melville, NY and has been with the team since March of last year. He decided to join The Money Source, because he was in the Life Insurance field and decided he needed a change, so that's how he's here today!

When he's not busy at work, he likes to spend his free time playing softball. The most influential person in his life is his dad. Thanks to his dad, Vlad learned right from wrong, developed his work ethic and basically shaped him into who he is today.

Other fun facts about Vlad:

  • Favorite candy: Starburst - but only the red ones!
  • Favorite Take-Our Restaurant: PeraBell Food Bar

Thanks to Vlad for sharing a little about himself!

Topics: Vlad Guerra, Team, Correstpondent Loan, NY, The Money Source, Melville, The Money Source Correspondent, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage, TMS Team

Meet the TMS Team - Adrienne McCoy

Jun 09 2015

AdrienneMcCoyWelcome to another edition of Meet the TMS Team! Today you'll meet Adrienne McCoy, a Records Retention Specialist here at The Money Source.

Adrienne works in our main office in Melville, NY and has been with the team since September of last year. TMS was recommended to her by a friend, back when they were both looking for jobs in September - and it ended up working out.

When she's not at work, she likes to spend her free time reading, going to church and spending time with her family. Her mom is the most influential person in her life.

Other fun facts about Adrienne:

  • Favorite Candy: Sour Patch Kids
  • Favorite Restaurant: Ms. Faye's Jamaican Restaurant

Thanks to Adrienne for sharing a little about herself!

Topics: Meet the Team, Adrienne McCoy, NY, The Money Source, Melville, Correspondent Loan, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage, TMS Team

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