Schlosser Mortgage Company Case Study

Open Mortgage, LLC was organized on January 5, 2003 in the State of Texas and licensed as a money broker in the State of North Dakota on August 29, 2013. The Licensee is engaged in the business of processing, underwriting, originating, and selling mortgage loans and related servicing rights for conventional and government mortgage loans. Open Mortgage, LLC is licensed to originate loans in 44 states and the District of Columbia. The Licensee is headquartered in Austin, TX and maintains active branches in Texas and 22 additional states, including one in Bismarck, ND. The Licensee is solely owned by the President of the company, Scott A. Gordon.

Vendor invoice #1406 was not priced, footed, and extended. Did so now to confirm. Client paid invoice with check without evidence that this step had been done.

Calcon Mutual Mortgage LLC. was incorporated in the State of Delaware on January 24, 2013 and became licensed as a money broker in the State of North Dakota on April 3, 2013. The Licensee maintains its corporate office in San Diego, California, with branch offices in multiple states. The Licensee is owned by Joshua Erskine (25%), Shane Ersjine (25%) Jenna Blake (24%) and JRAD 2011 Gift trust (25%).

Capital Trust Mortgage Corp. is a mortgage brokerage firm that is located in Miami, Florida. Capital Trust Mortgage Corp. was established in 1995. Their loan programs include conventional, FHA, VA, jumbo, foreign national, and alternative and subprime loans. Capital Trust Mortgage Corp. is a proud member of the Florida Association of Mortgage Professionals, NAMB- The Association of Mortgage Professionals, and NMLS. This mortgage lending agency is an Equal Housing Lender.

On Wednesday, November 09, 2016, I Officer Reginald Holcomb was dispatched to East 7th/ 2 Schwank Way ( Schwank USA Inc), by Dispatcher B Coleman, in reference to an entering auto that occurred.

Mortgage Connection is a mortgage brokerage firm that is located in San Francisco, California. This mortgage lending agency was established in 1998. Mortgage Connection is the connection to residential and commercial loans. They deliver various tools to assist their clients through the loan process. Through their website, clients can submit a complete secure loan application or pre-qualify for a home loan. Mortgage Connection is associated with Equal Housing Opportunity Agency. They have won the 2003 Bank of America Distinguished Broker

1. Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism, rights, or justice considerations?

I agree with the Department of Labor's decision in this case because when the fraudulent activity was brought to her attention she immenently started investiagting. Even after she was brived to keep her silence for hundreds of thousands of dollars she continued to do the right thing and filed a Sarbanes-Oxley Act whistleblower complaint.

On the other hand, lending institutions assist borrowers in applying for an RHS home loan. The RHS will only guarantee loan programs in case the earning of the borrower is less than 115 percent of the Area Median Family Income. These home loans generally run for thirty years, and one of the principal requirement for qualifying for the loan is made for the individual to be with no suitable housing. It is also a necessity that the borrower is actually buying a property located inside the USDA eligible area map. While the borrower's credit score isn't a significant factor, it's necessary for the borrower to have a good credit

Frank Randall hung up the telephone, leaned across his desk, and fixed a cold stare at Jim Dolan.

Before joining Toll Brothers, Christina spent 3 years with Wells Fargo as a Sr Loan Underwriter. Her experience reviewing the income and tax paperwork helped her work on the Income Analysis Team. Christina's ability to handle and Adhere to investor guidelines made her an assist in the Analysis team in examining transactions and debt ratios to modify risk.

As the name implies, a 2nd mortgage is a loan taken out on a property which is already mortgaged. In simple words, it’s a second mortgage on the same property. Second mortgages in Toronto are quite common these days. Homeowners take out this type of mortgage for a number of reasons, like – home improvements, debt consolidation, property investment, creating a Home Equity Line Of Credit (HELOC), and more. It is termed as “second mortgage” because of it being second in priority in the event of default by the borrower. It means that if the homeowner defaults, the first loan will be paid off prior to the second. Although a 2nd mortgage has its share of restrictions, the advantages it offers cannot be overlooked. Listed below are the key benefits of taking this type of loan on your home.

Metropolitan Financial Mortgage Company was incorporated February 2, 2004 under the laws of the State of Minnesota and became licensed as a money broker in the State of North Dakota on July 22, 2009. The Licensee is headquartered in Edina, Minnesota and has one branch office location in Little Canada, Minnesota, which is currently only licensed to operate in Minnesota. Metropolitan Financial Mortgage Company is solely owned by Ronald W. Welbaum.

Currently, the Mortgage department uses DataMart to build Mortgagebot reports. DataMart is not always reliable. We have encountered many issues with the system such, data not being transfer over to DataMart from Mortgagebot in a timely manner, errors with DataMart, the Services for DataMart would stop from time to time, slowness issue with DataMart, just to name a few.

Waterstone Mortgage Corporation offers customers in 42 states fixed and adjustable rate mortgages, FHA, USDA and VA loans, as well has FHA streamline refinancing and reverse mortgages.