Research root cause of short payoff shortages.
Collect FHA refinancing payoff shortages and replacement funds on returned payoff checks.
Track shortages and check/wire amounts daily.
Ensure complete updates of all activity completed on the accounts.- Accurately process FHA loan payoffs and various monetary loan transactions.
- Ensure workflow routes on previous issues are completed correctly and within the service level agreement.
- Research short refinancing balances on paid in full loans.
- Prepare and mail short refinacing checks and letters for FHA mortgage origination.
- Must maintain all back-up in house for 90 days, then boxed and labeled correctly for off-site
- shipping.
- Assist in cross training on all functions within the job.
- Complete daily aging report for all items still outstanding.
- Maintain all supporting documentation for easy access including FHA refinance requests.
- Any processing back-up and balancing is to be turned in on time.
- All refinance checks not returned or applied must be accounted for and locked in the appointed
- fireproof safe daily.
- Backup for FHA payoff requests and mail opening.
- Perform any other additional refinancing responsibilities assigned daily.
Saturday, September 27, 2008
A Day in the Life of an FHA short Payoff Department
As a FHA Short Payoff Analyst, you will be expected to perform various processing, research, and collection functions with the FHA short Payoff Support and refinancing Department, including, but not limited to, collection of shortages or replacement funds due to FHA lender once a short payoff is received, researching and reporting on refinancing loan balances, posting various monetary transactions to FHA loans. Requires knowledge of FHA refinancing departmental and company operating procedures and policies. You must be capable of communicating with several outside agents for collection of large sums of money.
Thursday, September 25, 2008
FHA Short Refinance is also know as the FHA Short Refi
Many people are aware that an FHA short refinance is also called and FHA short refi. Then again, many people may not be aware of that. I have found that FHA refinance programs are beneficial for borrowers looking for a fixed rate of interest and lower payment. The problem is that the values of homes and real estate are lower than the mortgage balance. This leaves a normal fha refinance short funds to close the refi; enter the FHA short Refi.
The FHA short refi can assist by lowering the payoff to accomodate the refinance transaction. This will help a borrower who would be short funds to close on teh FHA refinance. There are many mortgage prgrams available but few are as interesting as the fha short refinance.
FHA short Refinance Lenders
The FHA short refi can assist by lowering the payoff to accomodate the refinance transaction. This will help a borrower who would be short funds to close on teh FHA refinance. There are many mortgage prgrams available but few are as interesting as the fha short refinance.
FHA short Refinance Lenders
Thursday, September 18, 2008
Mortgage Websites and Domain Names
WWW.BUDSLOANS.COM is a guy named Bud who loans money to his buddys and Caren had a mortgage domain named WWW.CARENSLOANS.COM Let us not forget about Carol or Carol's mortgage domain and website: WWW.CAROLSLOANS.COM
I remember Carleen and her lending and loans becuase her domain is called WWW.CARLEENSLOANS.COM COntrast that with Carlos who is Carlos the bank loan officer and the mortgage domain is: WWW.CARLOSLOANS.COM
WWW.CARLSLOANS.NET is for Carl the loan officer with a website named Carl.
WWW.CARLYSLOANS.COM is Carly still the mortgage broker?
WWW.CATHERINESLOANS.COM
WWW.CATHYSLOANS.COM
WWW.CEDRICKLOANS.COM
WWW.CHARLESLOANS.COM
WWW.CHARLOANS.COM
WWW.CHRISLENDING.COM
WWW.CHRISTOPHERLOANS.COM
WWW.CHRISLOANS.NET
WWW.CHRISTINESLOANS.NET
WWW.CINDYSLOANS.COM
WWW.CLAUDIALOANS.COM
WWW.COLLEENSLOANS.COM
WWW.COURTNEYLOANS.COM
WWW.CYNDISLOANS.COM
WWW.DALEDOESLOANS.COM
WWW.DALESLOANS.COM
WWW.DAMARISLOANS.COM
WWW.DANNYSLOANS.COM
WWW.DARRINSLOANS.COM
WWW.DEANSLOANS.COM
WWW.DEBRALOANS.COM
WWW.DIANELOANS.COM
WWW.DOROTHYLOANS.COM
WWW.DRILLICKLOANS.COM
WWW.DURBINLOANS.COM
Mortgage Domains for you to choose from that have the name of "B" and loans in it. What do you know? Mortgage DOmains again! DOn't tell me loans and websites for loan officer have mortgage domains. And finally it comes full circle with Mortgage Domain Names.
I remember Carleen and her lending and loans becuase her domain is called WWW.CARLEENSLOANS.COM COntrast that with Carlos who is Carlos the bank loan officer and the mortgage domain is: WWW.CARLOSLOANS.COM
WWW.CARLSLOANS.NET is for Carl the loan officer with a website named Carl.
WWW.CARLYSLOANS.COM is Carly still the mortgage broker?
WWW.CATHERINESLOANS.COM
WWW.CATHYSLOANS.COM
WWW.CEDRICKLOANS.COM
WWW.CHARLESLOANS.COM
WWW.CHARLOANS.COM
WWW.CHRISLENDING.COM
WWW.CHRISTOPHERLOANS.COM
WWW.CHRISLOANS.NET
WWW.CHRISTINESLOANS.NET
WWW.CINDYSLOANS.COM
WWW.CLAUDIALOANS.COM
WWW.COLLEENSLOANS.COM
WWW.COURTNEYLOANS.COM
WWW.CYNDISLOANS.COM
WWW.DALEDOESLOANS.COM
WWW.DALESLOANS.COM
WWW.DAMARISLOANS.COM
WWW.DANNYSLOANS.COM
WWW.DARRINSLOANS.COM
WWW.DEANSLOANS.COM
WWW.DEBRALOANS.COM
WWW.DIANELOANS.COM
WWW.DOROTHYLOANS.COM
WWW.DRILLICKLOANS.COM
WWW.DURBINLOANS.COM
Mortgage Domains for you to choose from that have the name of "B" and loans in it. What do you know? Mortgage DOmains again! DOn't tell me loans and websites for loan officer have mortgage domains. And finally it comes full circle with Mortgage Domain Names.
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