Doug Jones's (dougj) Blog

Mortgage and Lending - Mortgage Magic
"This is such an easy loan." Every time I have said those words something wild and crazy pops up to make the loan not so easy.My customer in this loan is delightful and easy to work with. Every thing was going so smooth until we received the appraisal which also came in more than expected.Then th...
Who do I want as a customer?    I am a small broker who must constantly market for new business. But I still don't want to work with every customer. Even thought I work in a large city (San Jose) I still work one on one and have a small town approach to customers. I used to call this the Safeway ...
Now that time has passed I like the NMLS rules for Mortgage Loan Officers. The study and education requirements put us a notch higher than we were for the professional level. The required quarterly reporting lets everyone in the industry know that an agency is watching and protecting consumers. ...
As a mortgage broker I am on the front line - the front service  line. I work hard to communicate with clients in what will be for most the most complex business transaction that they will ever engage.     Consumers purchase gasoline, milk, clothes, restaurant dinners, and vacations as a matter ...
For most of us the Credit Report is still the king of the financial jungle. Of course, there is a group of people who have tons of cash and for them Cash is King. But most of the population is not in that part of the jungle.   I love the banks that advertise 'no hidden fees' - Wow, that should ge...
If you can believe it, is it true? Will it be true if you really believe it?   In the book Breathing Space, Alan Finger says he lost - 100 pounds - in one month.   In the book Biology of Belief , Bruce Lipton, a cell biologist who used to teach at Stanford tells a remarkable story.    A group of ...
A major reason to use a mortgage broker is because banks are not equal in their lending guidelines. A loan will end up at Fannie or Freddie and go thru a bank to get there but the route for a client can be a different route.   A year ago I submitted a loan to 'Bank A' and the loan was turned down...
When I was young we had to memorize Bible verses each week for our Church Sunday School. The discipline to memorize developed a learning ability and the verses over a life time have led to comfort in times of stress. It is still a good practice to memorize uplifting and encouraging quotations. He...
This morning I heard a talk by a landscape architect and he discussed tree protection. Later an architect friend made a comment to me, "It's your tree until you put it in the ground".     When people purchase a home they will look at the room count and room sizes and think about how and where the...
Those who had a short sale just got punished again. The rule was if a customer had a short sale and the sale was over two years ago then that person could re-enter the purchase market or refinance a mortgage.     August 16: a red letter day for mortgage lending. For loan applications taken on or ...

Doug Jones

Mortgage Broker - NMLS 286668
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