iMortgage Sites Admin Panel Features

26 Feb

1003 Manager:

Lead Manager

  • Improve your loan closing ratio
  • Respond to web-generated leads quickly
  • Manage all your generated leads at one place
  • Over  10 applications to generate leads
  • Print pre-qualification & loan applications
  • Secure online database
  • Key benefits of Lean Manager

Design Manager

  • Pre-designed professional templates
  • Change website template with just one click
  • Dynamic menu layouts & style
  • Upload your logo
  • Edit website pages
  • Write your own content
  • Change your designing everyday

Realty

  • Download house listings from MLS
  • Create and publish unlimited realty listings
  • Add/edit house details
  • Any Property Type
  • Up-to 12 small and large size high resolution photos
  • Property Location & description
  • Switch house listing features with on/off option
  • Manage your real estate agents’ data
  • Web base realty lead management

Escrow Services

  • Escrow and title educators with complete escrow process
  • Check escrow and title rates online
  • Open Escrow & Title online
  • Best Escrow rates & service in the nation
  • Order Prelim online
  • Preliminary property report emails next day
  • Personalized escrow service
  • Order Payoffs demands online
  • Check complete property profiles

Interest Rates

  • Update interest rates for up to 10 different loan programs.
  • 5 interest rates can be shown for one loan program
  • All changes are applied & uploaded dynamically.
  • Upload current interest rates for your clients

 

24/7 Online Support System

 

SEO & Web Marketing

  • Update Keywords/Description for your mortgage website
  • Create Email Auto-responders
  • Switch auto responders on & off
  • Get FREE banner ads for marketing

Appraisal Services

  • Order Appraisals nationwide online
  • Check estimated appraisal values online.
  • Check property profiles
  • Appraisal order forms
  • Appraisal educators and Appraisal process
  • Quick and authentic appraisals
  • Check aerial view and mapping of properties

Marketing Services

  • Get farming leads for free
  • Create marketing flyers-post cards
  • Customize your marketing campaign
  • Newsletter database to keep in contact with your customers
  • Open House flyers for your home listings
  • SEO (Search Engine Optimization)
  • Pay per click
  • Regional advertising
  • Local Advertise
  • Online comprehensive educators

Unlimited House Listings

  • Get Mortgage & Real Estate Laws updates
  • Get Real Estate Commission disbursement forms

Loan Officer Landing Pages

  • Get Online interactive Good Faith Estimate
  • Get Online Income Property Analysis
  • Get Loan originator documents
  • Get Loan closing documents
  • Get Loan File Stacking forms
  • Get Loan Officer commission disbursement forms

 

 

 

Advertisements

Are you a Loan Originator?

26 Feb
  • WHY you need a mortgage website
  • WHAT we offer to a loan officer
  • HOW to close more loans with rapid closing
  • Do You Know?
  • HOW to close 15-20 loans a months
  • HOW to convert leads into loans


WHY you need a mortgage website                           Sign up


Last year over 83% of loan origination inquires are made over the internet.  Therefore, you must have a Mortgage Website for your business.
Yellow Pages are categorically concluded as we usher into the age of e-information and e-commerce.  Look no more at Yellow pages or newspaper for your loan origination needs.
A loan originator must adapt to innovative and dazzling techniques of obtaining mortgage leads and closing loans rapidly through our website systems.  Sign up for the Mortgage Website!
Recent study shows that 81.3% of the total business inquires are made through the internet.  Enhance your business through Internet.
A professional website is the source of your legitimate business presence.  Your website builds your reputation and your business.
Homeowners have no time what so ever to go through the referrals and yellow pages for a reputable mortgage company or a reliable loan officer.  You website is the only source for your loan applicant’s trust and knowledge.
A loan originator must have a mortgage website that allows your clients to fill our interactive 1003 loan application online, and submit to you, with signature, in seconds.  Check out our interactive online 1003 Loan Applications.
An internet presence and maintaining a website is expensive, time-consuming and troublesome task even for computer-savvy business owners. We provide the most effective, lean caching, & affordable website solution.
We eliminates the stress & expensive development fees so that businesses can focus more on their main objective, loan origination, selling & closing loans.  We are the best mortgage website source for your business.
In fact, just one lead from your Mortgage website can pay for ten years of website expense. Originator Web Solutions.
In this ever-evolving business era, a business is exclusively judged by its website and online presence.  Get yourself a professional website made by iMortgage Sites
You online website educate your clients before they contact you and submit their loan application.  Most comprehensive mortgage educators

WHAT we Offer to a loan officer:

We have designed, with the consultation of top mortgage professional in the nation, an exclusive and comprehensive system to help mortgage professionals build multimillion dollar mortgage business and online web presence.  Below are few of the many features that we offer to our clients.

Sign Up

Most comprehensive mortgage websites
Secure online Interactive 1003 application
1003 loan application with client’s signature
Online Disclosures with signatures
Mortgage Tools to build your business
Income Property analysis & Calculator
Online Good Faith Estimate
45 different Financial calculators
Most Comprehensive Loan Educators
Online professional Web Presence
100s of website design to chose from
100s of plug & play website features
Current DRE guidelines & updates
Current Mortgage Articles & Updates
Interest rate change notification
Name Recognition & online leads
Mortgage lead capturing system
Online tools to convert leads into loans
Unlimited house listings
Check property profile online
Make your marketing materials
Flyers – post cards – newsletters – etc.
Open Online – appraisal – escrow–title
Check escrow & title rates online
Order payoff demands online
Rapid loan closing system
List of lenders with the loan programs
Free Email Account & Free Hosting

HOW to close more loans with rapid closing

We provides a state of the art mortgage loan closing system through its Admin Panel.  We make available a systematic process from taking the loan application to the funding of loan.  We provide a bulletproof system by the most experience mortgage professionals and loan processors with all required paper works and necessary steps involved in rapid closing in a specific sequence to avoid delays and overlaps in the loan process.  It is indeed a delicate process, if not handle carefully, can cost you thousands of dollars in commission and future clients.

Below mentioned are few of the many main steps involved in the loan process.

Sign Up

Offer top loan programs Lowest interest rates Provide good faith estimate
Determine the eligibility Determine income status Lock the rate and program
Client fill the 1003 Sign the disclosures Pull the credit report
Open escrow Order prelim Order payoff demands
Order Appraisal Complete the final 1003 Gather supporting docs
Send the package to lender Submit the loan Get approval
Fulfill loan conditions Request the doc Get loan funded

Mortgage is a very competitive industry and rapid closing is the key for a successful mortgage business.  It is not in your benefit to keep a loan in your pipeline for more than two weeks.  The most prolific loan originators are the fastest closer of the loans.

We provide you systematical coaching from stacking a loan file and gathering loan documentation (DRE standards) to the disbursement of funds and getting more referrals from your clients before you close their loans.  Our admin panel is equipped with all the indispensable tools to the most proficient loan officer in the nation.

HOW to close 15 – 20 loans a month

A top producer must possess the ability, resources, knowledge base, organizational skills, sales knowledge, & marketing skills to be able to close over 10 loans a month.  10 – 20 loans a month target can only be achieved with an imortgagesites’s website system; however, it requires personal dedication and total focus to achieve this goal.  We give you a system that endows you with essential tools to achieve such goals month after month.

Some of the things you will learn are:

v  How to increase your customers’ credit scores.

v  How to spend less money on marketing and get better results.

v  How to have Realtors provide you with loans.

v  The proper method to follow up with leads and double your income.

v  How to automate your marketing system.

v  What factors cause home buyers to choose one lender over another?  Moreover, it is not the price!

v  How to make your prospects an offer they cannot refuse.

Sign Up

Marketing for Loans

Loan Pricing

Learn how to get loan referrals

Learn daily interest rates

Join referrals networks

Learn loan programs

Learn to convert 1 loan into 3 loans

Lean adjustable Indexes

Learn client management system

Learn how to price your loan

Online marketing / Leads

Learn to lock rate with higher rebate

Local marketing / flyers / mailers

Learn to maximize your profit

Learn to make clients work for you

Online Good Faith Estimate

Get loans from real estate agents

Learn how to do loan analysis

Understand your target segment

Understand your client & his/her loan

Understand loan marketing

Communicate to close fast

Mortgage Website

Loan Approval / Funding

Get state of the art mortgage website

Plan your loan before submission

Online interactive loan apps

File stacking order for underwriters

Get exclusive qualifies leads

How to open escrow/appraisal online

Automated loan system

How to order payoff demands online

Loan educators for your clients

Learn Loan submission system

Loan calculators for your clients

How to get fast approvals

Close loans out of your area

How to fulfill loan conditions fast

Close loans statewide

Always explain final docs & notarized

Close impossible loans online

Get the loan funded in 14 days

HOW to convert mortgage leads into loans                        Sign Up

iMortgage sites:

                       

Mortgage Leads

Use iMortgage Sites Tools

Converse with client

Use online tools to get application

 Answer all Q&A right away

Convert Leads into Loans

 

More and more loan officers are relying on email as their primary and sometimes their only way to communicate with their prospects.  .
Email is the not the most effective first contact method with your prospects.
Email is great and you don’t have to play phone tag with a client but it is effective with the client whose loan is already being processed, email and a few phone calls is enough
Email is not enough when working with prospects. A prospect is someone you know is interested in a mortgage loan but has not committed to working with you.
As loan officers, we use email and the Internet all day, every day. Nevertheless, not all of our prospects do. If you are only following up with clients via email, you are missing the boat.  At least you are following the trend.
As more and more loan officers follow up only through email and phone, this gives the smart ones a great opportunity to stand out from the crowd.
If you want to stack the odds in your favor, I suggest you find ways to WOW your prospects.  WOW them to a point that you are their only choice for a loan. Is it hard to do?  No. But it takes creativity and a little work
Do you have enough tools to convert the mortgage lead into a loan in one phone call?
Email is the lazy loan officer way to follow up. The lazy loan officer thinks, “Hey, I’ll just write the emails once, load them onto an auto responder, and whenever I get a lead, I’ll add them to the list. The auto responder will send out the emails for me and I can sit back and relax.”That would be true if email alone was enough. But it is not
A loan officer has no more than 10 minutes to convince a prospect to do the loan with you.  Are you ready for all the tough questions?  Are you prepared to convert a mortgage lead into a loan?
Do you have?
Online GFE | Online Price matrix | Online loan educators | Online calculators |Online Interactive 1003 | Online Disclosures | Client submit online loan app |
Do you know?How to convert Rejections into YES | How to educate your Prospect | How to analyze client’s current loan | How to take loan application over the phone |How to get the loan before you hang up your call | How to ask for more referrals |
If you want to win more battles, if you want to stand out, don’t settle for the lazy way.Postcards | thank you notes | thank you email | a letter | discount offers | monthly newsletter | Loan program flyer | small gift | reminder note before the loan term expires |

Mortgage Title and Escrow Introduction and History

26 Feb

What is a title?

A history of all transactions shown in the public records affecting a particular tract of land.

Definition of Title:

Title, in law, the means by which the owner has just and legal possession of his or her property. It is distinct from the document (e.g., a deed) that is evidence of the title. Title can be lost or acquired only by the methods established by law, that is, by inheritance or by purchase. Several persons may have different titles to the same property. While one holds a legal title (a claim to the land that is recognized by a court), another may hold an equitable title (the right to have the legal title transferred to him if certain conditions are met). This occurs if there is a mortgage on the land. If a person holds land free of all encumbrances he may claim to have perfect title. When property is purchased, a title search is made to make certain that the seller is the legitimate owner of the title he is selling; the resulting document is an abstract of title.

History of Title:

Abstract of title, in law, brief history of the title to a piece of land. An account is given of recorded documents, court proceedings, wills, mortgages, taxes, previous sales, easements, and all other factors that at any time affected the ownership or use of the land. The old rule in England required that an abstract of title should cover the 60 years before the proposed sale. In 1874 this was changed to 40 years. In some U.S. states the title is traced back to the original grant from the government, but in others it is traced only so far back as is necessary to show a present clear title.

What is a title search?
A title search is a detailed examination of the public records concerning a property. These records include deeds, court records, property and name indexes, and many other public documents. The purpose of the search is to verify the seller’s right to transfer ownership, and to discover any claims, defects and other rights or burdens on the property.

What kinds of problems can a title search reveal?
A title search can show a number of title defects and liens, as well as other encumbrances and restrictions. Among these are unpaid taxes, unsatisfied mortgages, judgments against the seller and restrictions limiting the use of the land.

Are there any problems that a title search cannot reveal?
Yes. There are some “hidden hazards” that even the most diligent title search may never reveal. For instance, the previous owner could have incorrectly stated his or her marital status, resulting in a possible claim by a legal spouse. Other “hidden hazards” include fraud and forgery, defective deeds, mental incompetence, confusion due to similar or identical names and clerical errors in the records. These defects can arise after you’ve purchased your home and can jeopardize your right to ownership.

What is title insurance?
Title insurance is your policy of protection against loss if any of these problems – even a “hidden hazard” – results in a claim against your ownership.

How does title insurance protect my investment if a claim should arise?
If a claim is made against your property, title insurance will, in accordance with the terms of your policy, assure you of a legal defense – and pay all court costs and related fees. Also, if the claim proves valid, in accordance with the terms of your policy, you may be reimbursed for your actual loss up to the face amount of the policy.

The owner of the property has a deed. Isn’t that proof of ownership?
Not necessarily. A deed is just a document by which the right of ownership in land is apparently transferred, whatever that right may be. It’s not proof of ownership, and it doesn’t do away with rights others may have in the property. In addition, a deed won’t show you liens or claims that may be outstanding against the title.

Are there different types of title insurance policies?
Yes. Basically there are two different types of policies – a loan policy and an owner’s policy. The loan policy protects the lender‘s interest in the property in the amount of the outstanding balance of the loan. The owners’ policy protects the buyer’s interest in the amount of the purchase price of the property.

How much does title insurance cost?
Probably a lot less than you think. Charges may vary in different counties, but generally the cost of title insurance (including search, examination and related services) amounts to about one percent or less of the cost of the property. And unlike other insurance premiums, which must be paid annually, a title insurance premium is paid one time only, usually at settlement or close of escrow.

How long does my coverage last?
For as long as you or your heirs retain an interest in the property and, in some limited cases, even beyond.

This section of the website has been created to help introduce lenders to the basic facts surrounding title insurance policies and related matters. You will find important information identifying the differences between policies, the most commonly used endorsements, types of deeds, and a glossary of frequently used industry terms.

Title insurance helps to protect lenders and homeowners against major losses. Fidelity National Title wants to make it easy for you to understand the various aspects of coverage involved in most transactions. While title insurance can be a very complex subject, an understanding of the basics can go a long way.

We hope that this website will aid you — but if you have any specific questions, just call your local Fidelity National Title office. Our experts will be glad to answer your questions.

About Title Insurance
Title policies insure owners and lenders against possible losses from claims against real property ownership. The preliminary report or commitment provides advance information on matters which will be excepted from coverage. Lenders and owners are thereby given an opportunity to correct title flaws before purchasing or lending.

Title insurance originated in the 1870’s to stem a series of land ownership problems that developed from inaccurate record searches, forgeries, and related problems. Today, it offers protection from certain items that cannot be determined from public records, such as forgeries of all types, undisclosed heirs, hidden marriages and divorces, clerical errors, and invalid legal procedures and interpretations.

Policies are written on the basis of a search of public records and other records which impart constructive notice. Remember, a deed does not prove that the seller is the owner of the property. Only title insurance can protect your interest in the property from unknown encumbrances, legal conflicts and unforeseen claims.

A policy of title insurance is like a pre-paid legal agreement. Your insurer will provide legal defense against challenges to your insured title (dependent, of course, upon the type of policy coverage ) and will reimburse you financially for losses due to the covered defects in your ownership rights.

It is important to remember that a lender’s title policy does not insure a borrower against title risks. While certain types of policies pertain to both the owner and the lender, it makes good sense to help protect your borrowers by explaining the limitations of their particular coverage.

In the following sections, you will find an explanation of the most common policies and endorsements used today. If you have any questions regarding which would best suit the needs of any particular situation, contact your Fidelity National Title representative.

ALTA (American Land Title Association) Policy
In most jurisdictions, the ALTA Extended Coverage loan policy is the most common policy offering extended coverage for the lender’s interest only. What this means is that the lender is protected from certain additional “off-record” matters such as encroachments, unrecorded easements, possessory interests, discrepancies in boundaries — matters which may generally be determined by a land inspection or a proper survey. It insures the lender that they are receiving a lien which will take priority over various interest and claims to the subject property.

An ALTA Extended Coverage loan policy from the Standard Coverage Policy by offering insurance against matters which cannot be determined by an examination of public records.

REMEMBER: An ALTA Extended loan policy covers the lender only. Its advantage to the lender lies in its ability to include matters that are not generally public record.

ALTA: Coverage Specifics
ALTA Extended Coverage loan policy coverage varies from state to state, as each state places those standard exceptions in Part 1, Schedule B, that would be responsive to the statutes and laws of that particular state. In California, an ALTA loan policy will insure the lender against loss or damage if:

  • The vesting is other than as listed.
  • A defect, lien or encumbrance is not excluded and the underwriter failed to disclose it in the policy
  • There is no right of access to a public street.
  • The title is unmarketable as insured.
  • The insured mortgage is invalid or unenforceable (unless a claim is based on usury or any consumer credit protection or truth-in-lending law.)
  • Mechanic’s liens gain priority over the insured mortgage (unless those liens arise from contractual work started after the policy date and are not financed by the insured loan.)
  • An assignment of the insured mortgage is invalid or unenforceable by reason of an error against in the policy.

ALTA: Conditions and Stipulations
The conditions and stipulations of the ALTA policy contain important provisions of the coverage to both the insurer and the insured. The main points are:

  • That the principal terms used are defined.
  • The circumstances under which the policy will remain in force when the estate or interest in the insured property is acquired by another.
  • How and when the claimant must give notice of claim, and the provision for defense and prosecution of actions.
  • The insurer’s options in paying or settling claims.
  • How losses are determined and the payment of loss.
  • Limitations and reductions of liability; noncumulative liability; subrogation on payment or settlement; policy limit liability.
  • Provisions for arbitration.

ONE MORE TIME: As with all title insurance policies, various endorsements will affect the coverage and limitations of an ALTA loan policy. See the section on Endorsements for further information — or call your Fidelity National Title representative.

ALTA: Lender’s Coverage Exclusions
Coverage under the ALTA policy is excluded for the following matters:

  • Any law, ordinance or governmental regulation or police power relating to building, zoning, occupancy, use or environmental protection except to the extent that a notice of defect has been recorded.
  • Rights of eminent domain.
  • Defects, liens, etc., if:
    • Created by the insured
    • Known to the insured, but not specified in writing to the underwriter by the specified date.
    • No loss or damage is suffered by the insured.
    • Created or attached after the policy date (with the exception of mechanic’s lien insurance offered elsewhere in the policy.
    • If the lien of the insured mortgage is unenforceable because the insured does not comply with “doing business” laws in the state of the insured property.
    • Any claim, which arises out of the transaction creating the interest of the mortgagee insured by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws.

Standard Coverage Policy
Although each state has individual policy differences and limitations, many of them use a Standard Coverage policy, which provides less coverage against off-record risks than the ALTA lender or owner extended coverage. This Standard Coverage Policy is the most widely used policy of title insurance. It is sometimes used as a loan policy to insured the validity of a mortgage or deed of trust on an interest or estate in real property.

However, a CLTA Standard Coverage policy is often used as an owner’s policy or in some jurisdictions as a Joint Protection policy (JP) insuring both the owner and lender. The variety of endorsement that are used to modify a Standard Coverage Policy make this one of the most flexible policies available, and therefore the most popular.

NOTE : A Standard Coverage policy is not always referred to as such. Example: In California, it is called a CLTA (California Land Title Association) policy. In Washington, it is called a WLTA (Washington Land Title Association) policy — etc., and, in some states, the owner’s policy is an ALTA Standard Owner’s policy. Your local Fidelity National Title office would be happy to discuss the policy forms in use in your state.

A Standard Coverage policy relies mostly upon matters of public record. However, some off-recorded items are covered under its provisions, including forgery, fraud, etc. The endorsements included, if any, as a part of the policy will affect coverage.

Standard Coverage Policy: Specifics
A CLTA Standard Coverage policy will insure the lender and/or the owner against loss or damage if:

  • The vesting is other than as listed.
  • A defect, lien or encumbrance is not excluded and the underwriter failed to disclose it in the policy.
  • A defect in the execution of the insured instrument, or priority over such instrument of a lien or encumbrance, is not excluded or shown.
  • An assignment of the insured mortgage is invalid, provided it is listed in Schedule B.

Standard Coverage Policy: Conditions and Stipulations
As with an ALTA loan policy, the conditions and stipulations of a Standard Coverage Policy contain important provisions of the coverage to both the insurer and the insured. The main points are:

  • That the principal terms used are defined.
  • The circumstances under which the policy will remain in force when the estate or interest in the insured property is acquired by another.
  • How and when the claimant must give notice of claim, and the provision for defense and prosecution of actions.
  • The insurer’s options in removing adverse interest, paying or settling claims.
  • How losses are determined and the payment of loss.
  • Limitations and reductions of liability; subrogation on payment or settlement; policy limit liability.
  • Provisions for arbitration.

Standard Coverage Exclusions
Coverage under the standard policy is excluded for the following matters:

  • Any law, ordinance, governmental regulation or police power relating to building, zoning, occupancy, use or environmental protection except to the extent that a notice of defect has been recorded.
  • Rights of eminent domain.
  • Defects, liens, etc. if:
    • Created by the insured.
    • Known to the insured, but not specified in writing to the underwriter by the specified date.
    • No loss or damage is suffered by the insured.
    • Created or attached after the policy date.
    • If the lien of the insured mortgage is unenforceable because the insured does not comply with “doing business” laws in the state of the insured property.
    • Any claim, which arises out of the transaction vesting in the insured the estate or interest insured or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency, or similar creditor’s rights laws.

Please remember that endorsements will affect all or some items of coverage; that different states may have varying limitations, exclusions, or coverage; and that your Fidelity National Title representative will answer any specific questions you may have.

TSG (Trustee’s Sale Guarantee)
In some states, a lender is allowed to non-judicially foreclose a Mortgage or Deed of Trust securing an obligation if a trustor defaults in the performance of the obligation. The laws in these states prescribe how the foreclosure is conducted and the notices which must be given of the pendency of such proceeding. The Trustee’s Sale Guarantee is responsive to the needs of a foreclosing trustee or mortgagee for public record information as to individuals and entities who, under state law, must receive notice of the pending foreclosure. The Guarantee supplies the following public record information:

  • The vesting of title to the estate or interest encumbered by the Mortgage or Deed of Trust
  • The encumbrances against the land
  • The names and addresses of individuals and entities who must, under state law, receive notice of the foreclosure proceedings
  • The newspaper qualified to public notice of the foreclosure proceedings
  • The City or Judicial District in which the land is located

Endorsement

As we have mentioned; the types of coverage offered by both ALTA Extended and Standard Coverage polices are greatly affected by the endorsements included. The following is a listing of the most commonly used endorsements.

FORM 100: This endorsement offers an explicit extension of coverage to an ALTA Extended Coverage Loan Policy by adding insurance for certain “off-record” matters. The coverage is extended to Covenants, Conditions and Restrictions; encroachments; and the rights to use the land surface for mineral development. Form 100 also assures a lender that existing Covenants, Conditions and Restrictions do not contain any enforceable reverter, right of re-entry or power of termination. This endorsement is not issued in conjunction with policies covering raw land or construction loans.

FORM 102.4: A Foundation Endorsement which insures the lender that the foundations of the structure under construction are within the boundaries of the insured land; and that the location of these foundations does not violate the Conditions, Covenants and Restrictions (CC&Rs) included in Schedule B.

FORM 102.5: The same as 102.4 with the addition of insurance that the foundations do not — at the date of endorsement — encroach upon any easements referred to in the policy.

FORM 100.12: Also used with ALTA policies, Form 100.12 assures a lender that existing Covenants, Conditions and Restrictions do not contain any enforceable reverter, right of re-entry or power of termination.

FORM 101: A Mechanic’s Lien Endorsement issued only with a Standard Coverage policy insuring a construction loan deed of trust, it insures the lender against loss if a Mechanic’s Lien establishes priority because of the prior commencement of the work on the improvement.

FORM 101.2: A Mechanic’s Lien Endorsement used with either an ALTA Extended or Standard Coverage policy, issued after a Notice of Completion is recorded. Usually requested when a construction loan is exchanged for a permanent loan to the borrower or the loan is designed for sale to another lender.

FORM 103.1: An Encroachment Endorsement used with ALTA or Standard Coverage policies which expands the coverage provided by a Form 100. Issued when items listed in the preliminary report are “blanket” easements which cannot be precisely located.

FORM 108.7 & 108.8: Both are used to insure the priority of additional advances secured by a Deed of Trust or Mortgage. Form 108.7 is used with Standard Coverage policies. Form 108.8 is the ALTA version.

FORM 116: An Address Endorsement used with ALTA policies, designating the street address of the land insured and specifying the type of improvement on said land.

FORM 116.2: An Address Endorsement used with either an ALTA Extended or Standard Coverage policy which insures an interest in a condominium.

Deeds

Title insurance is primarily based on records which include recorded documents, public records, files and the like. One of the most common of these documents is a deed — a written instrument transferring the title or an interest in real property from one party to another. There are a variety of types of deeds currently in use for the conveyance of title. The list that follows briefly describes the most common currently used.

  1. Quitclaim Deed:
  • This deed conveys any possible interest of the grantor in said property at the date of the deed without representations of encumbrances on title arising from liens, easements, etc. It is usually used to release an estate or interest less than “fee” interest.
  • The most commonly used deed in California. It conveys all the title that the grantor has and any title the grantor may acquire in the future. It includes by statue covenants as to prior conveyance and encumbrance.
  • A Deed of Trust is used to convey the “dormant title” to land to another person or company as a “trustee”, in order to secure debts or other obligations. The trustee is given the power of sale of the land encumbered in the event of a default by the borrower.
  1. Grant Deed:
  1. Deed of Trust:

Title insurance protects your property against the past as well as the future. A policyholder is protected against challenges to rightful ownership of real property, challenges that arise from circumstances of past ownerships. Each successive owner brings the possibility of title challenges to the property. When you purchase real property, rely on Fidelity National Title to protect your interests. You’ll be insured by a company backed by more than 150 years of successful title operations.

 

Easement Rejection – You Can’t Get There From Here

Betty G., a real estate broker, purchased an undeveloped lot in a rural county in Northern California. She also purchased a title insurance policy protecting not only her title to the lot but also a road easement benefiting the lot across adjoining property. The lot was the northernmost of a four-lot subdivision. The original sub-divider had attempted to reserve an easement over an existing north-south road that traversed the most westerly boundary of the three southerly lots. However, the document that attempted to serve the easement was defective because it did not contain the language necessary to give record notice that an easement was being created. When the owners of the three southerly lots found out that Betty G. intended to develop her parcel by dividing it into two lots and building homes for sale, they challenged her right to use the easement. Betty G. made a claim under her title policy.

It was determined that a successful reformation action to reform the document to correctly reflect the intention of the sub-divider to create an easement could be successful. It was also determined that Betty G. had the right to an easement by implication, necessity and, arguably, prescription.

Following this analysis, contact was made with each of the owners of the three southerly properties. After an explanation that Betty G. was entitled to the easement on any one of several legal theories, two of the owners readily agreed to execute the documents necessary to grant Betty G. an easement over their property.

The most southerly property holder, however, still contested Betty G’s right to an easement. They adamantly insisted that they would only execute easement documents if Betty G. agreed not to develop her property. Obviously, that was unacceptable. Through a series of correspondence it was made very clear to the most southerly property owners that the alternative to settlement necessarily would involve litigation or other dispute resolution mechanisms. After several weeks of dialogue and correspondence, the most southerly property holders agreed to a cash settlement in exchange for a clear and unambiguous easement grant deed.

This claim was resolved in a matter of weeks. Further, because of the facts Betty G was able to be assured that if she wished to sell her property during the time the claim was pending, title insurance would be available to her new buyer while efforts continued to resolve the easement problem.

Betty G. stated that, as a real estate broker, she had always considered title insurance to be simply a hurdle to delay a closing. However, after having her own claim with such a good result, she realized how important title insurance really is.

Unexpected Tax Lien – Carol B.’s Tax Lien and the Benefits of her Title Policy

A CLTA Standard Policy was issued to Carol B. She is a single mother, barely managing on her waitress’ salary. She was only just able to qualify for a low-interest loan from the United States Department of Agriculture Rural Housing Community Development Service. This loan enabled her to purchase her own home.

The Development Service has very strict criteria for low-income individuals. These criteria include such items as the ratio of an individual’s salary to their loan payments and the amount that they can afford to pay for real property taxes. Carol B. met these criteria, but an increase in either her loan payments or real property taxes would disqualify her from the Loan Program and would result in the loss of her home.

Shortly after her purchase of the property, Carol B. received a new tax bill for real property taxes. The bill disclosed that the taxes were over $2,000.00 per year, which would disqualify her from being able to keep her home. When she contacted the assessor’s office, Carol B. was told that the increased taxes included a $9,000.00 special assessment for a special street tax. This special tax had not been shown as a separate matter in the preliminary report that Carol B. and the Loan Program had received.

Both Carol B. and the Loan Program then contacted the title insurer. Prompt arrangements were made to pay the special taxes, enabling Carol B. to keep her home.

Lack of Access to Property – The Saga of George and Kathy

Mr. and Mrs. George B. purchased a small farm in a rural northern California County for $70,000 in 1975. In connection with this transaction, they obtained an owner’s title insurance policy.

The only means of access to and from the Insureds’ property was an old dirt road that went across a neighboring parcel of land and connected with a state highway. The title search that was conducted when the Insureds purchased their property showed that there were no recorded grants of easement or other documents in the public records that gave them the right to use this road. The road had been used for many many years and most people in the immediate area had always recognized the old dirt road as an access way to the neighboring land. The title insurance policy purchased contained the now-standard provisions insuring against loss caused by the lack of a right of access to and from the property.

In 1990, the neighboring parcel was acquired by Out Of State Investment Corporation, a foreign corporation that began to implement plans to build a 200-to-300-home residential subdivision. When it determined that the dirt road used by the Insureds ran right through the middle of its proposed subdivision, Out of State hired a large law firm from outside the community to bring a lawsuit against the Insureds to prevent them from continuing to use the road.

When the Insureds were served with the lawsuit, they were struggling financially. They were in the process of trying to sell their farm so that they could finalize their pending divorce. They needed to be able to establish a right of access to be able to sell the farm, but could not afford the crushing cost of litigating a high-stakes quiet title action against a wealthy corporation represented by a law firm known for its “scorched earth” litigation tactics. Even if they could have afforded to retain an attorney, the Insureds had no experience or information that would have enabled them to locate an attorney with the highly specialized knowledge needed to effectively litigate the complex title issues presented by the lawsuit.

When the Insureds advised the title insurer of the lawsuit brought by Out of State, the insurer retained an experienced and highly competent real estate attorney to represent them. Drawing on its title expertise and its superior resources, the Company researched the history of the Insureds’ property and the surrounding properties back to the mid-1800’s. Using ancient maps and records, it was able to conclusively prove that the road used by the Insureds had been a heavily-traveled wagon road in the late 1800’s and had been established as a county road under an obscure state law that had been repealed in the 1890’s. Based on this showing, the Insureds were able to obtain a summary judgment that conclusively determined that the road was a county road and, therefore, that the Insureds had a legal right to use it to get to and from their property.

By successfully utilizing the summary judgment procedure, the insurer was able to avoid a lengthy discovery process, eliminate the need for a trial and resolve the lawsuit-which might otherwise have gone on for years-in less than six months after it took over the case. The Insureds were able to sell their farm, finalize their divorce and get on with their lives. Out of State, which had refused to grant the Insureds a private right of way over its property, had to revise its plans to accommodate the public road as a part of its proposed subdivision.

Property Extends Onto Adjoining Land – Harvey’s Garage

Harvey was a happy new homeowner who delighted in his hobby, that is, his Harley Davidson Motorcycle. Harvey would never think to leave his Harley out of the garage and exposed to the elements. That was exactly the threat he had to face not three months after moving into his new home. It seems that some years ago, through inadvertence, a prior owner of the property built the garage two feet over onto their neighbor’s land.

One early morning Harvey’s neighbor woke up to the possibility that the garage was over the property line as he thrilled to the thunderous sound of the Harley being taken out for a spin by Harvey. The next day the neighbor, Jack, contacted his surveyor.

Harvey was in a sorry state until he searched through his closing records and found his title policy. Fortunately, the threat of a forced removal of Harvey’s garage because it extended onto adjoining land was a covered title risk in Harvey’s title policy.

Both Harvey and Jack wanted to be good neighbors, but a solution was necessary. Jack contacted his lawyer who drafted a lawsuit seeking to require Harvey to remove his garage from Jack’s land. The title insurer was notified and the insurer suggested a mediation of the dispute to spare everyone frustration and expense. Fortunately, the mediator structured a reasonable settlement which required a fair amount of sound proofing material in the garage and a cooperative neighborly respect between both Harvey and Jack. The garage was allowed to stand on its original foundation, sound proofing was added at the title insurer’s expense and a lot line adjustment was worked out, also at the insurer’s expense. Harvey and Jack now could live next to one another without controversy, thanks to Harvey’s title insurer.

Mechanic Lien Claim – Loretta’s Title Policy Covered a Mechanic Lien Claim

Loretta loved her new home. She was especially thankful for the fact that the seller replaced the roof so she would not have to spend money for the unexpected surprise of a leaking roof. She had that problem with her prior home. Much to her surprise as it turned out the seller never paid the roofing contractor. Surprise turned to frustration when the roofing contractor insisted he had a mechanic lien (you might call it a construction lien) which he could foreclose against Loretta’s new home.

Imagine the relief when Loretta learned she could tender the problem to her title insurer to take care of the whole problem. She had a comprehensive ALTA Residential Policy that provided coverage for such liens. Her insurer contacted the roofing contractor and after a few months of negotiation the lien claim was settled and resolved. In the end Loretta was safe and secure under her new roof and she never had to fret over the contractor’s mechanics lien claim.

Subordination Nightmare – Scenario of Security Lend Finance Company

The We-Sell Property Company is approached by Trust-Us Developers who offer to buy 6 acres of We-Sell’s prime downtown real estate. Trust-Us explains that they have plans to build “Downtown Center,” a beautiful complex of high-end retail and commercial tenants.

Trust-Us offers We-Sell $3,000,000.00 for the land on the following terms: $500,000.00 cash and seller carry back a Deed of Trust of $2,500,000.00. This Deed of Trust will, of course, have to be subordinated to a construction deed of trust for approximately $20,000,000.00. Trust-Us tells We-Sell the completed project will be worth “a fortune” and, the construction lender will monitor the construction.

We-Sell agrees to these terms on the following conditions: -Construction loan may not exceed $20,000,000.00 -Interest rate may not exceed Prime +2% -All construction loan funds must be used solely for the development of this project and are to be controlled by the construction lender.

A deed of trust in favor of We-Sell is executed by Trust-Us and a rider is attached which sets forth the automatic subordination provision and its conditions.

Shortly thereafter, Trust-Us finds construction financing with Security-Lend Finance Company. The construction loan is negotiated for a first deed of trust of $18,000,000.00 at Prime Rate +2% interest. Security-Lend sends its deed of trust to the title company and requests an ALTA Loan policy showing its lien in first position based on the automatic subordination provision in the We-Sell deed of trust.

The title officer reviews the We-Sell deed of trust and sees that the amount of construction financing and interest rate comply with the conditions set forth in the rider. The title officer however requires that We-Sell execute a standard CLTA form Subordination Agreement. We-Sell agrees and signs the CLTA form but adds language that the subordination is conditioned upon all construction funds being used solely for development of the “Downtown Center” project and that the construction lender will control disbursements.

The title officer rejected the document stating that he will insure only if an unaltered CLTA form Subordination is used. We-Sell complies, the transaction closes and the construction lender funds the entire loan amount to Trust-Us.

After three months, no work has begun on the project and We-Sell tries to contact Trust-Us. Their telephone has been disconnected and it appears that they have disappeared with all of the construction funds.

We-Sell receives a Notice of Default from Security-Lend Finance Company and immediately retains an attorney to file an action to enjoin Security-Lend’s foreclosure. We-Sell claims that the subordination is invalid because all of its conditions that were set out in the rider attached to their deed of trust were not met. We-Sell argues that its conditions to subordination contained on the rider put Security-Lend “on notice” of those conditions, depriving Security-Lend from their first priority position as the title company had insured.

Security-Lend tenders its defense to the title company, who is pleased to see that their title officer required an unaltered CLTA form subordination agreement.

In litigation, with the title insurer defending Security-Lend, it is ultimately determined that the subordination language in the CLTA subordination form clearly provides that it supercedes all prior agreements regarding subordination of the deed of trust. Security-Lend is in first position as it intended and as it was insured.

What is a Quitclaim Deed?

Everyone knows that a written document is needed in order to transfer title in real property from one person to another. What everyone does not know is that the written document used to convey property can be complicated and nuanced, taking multiple forms, each with its own specific implications and particular best uses. There are three types of deeds used to convey property:

1) The general warranty deed,

2) The special warranty deed, and

3) The quitclaim deed.

General and special warranty deeds are used to warrant the good state of the title. These types of deeds will contain covenants that so warrant, protecting the new title-holder from lawful claims of superior title and agreeing to compensate him for any loss incurred by a successful third party challenge of superior title. Additionally, a general warranty deed will contain covenants that promise the new title-holder that he can legally purchase, possess and enjoy the property in question. A special warranty deed will address the issue of defects that arose during the seller’s ownership period.

In sharp contrast to these warranty deeds, a quitclaim deed contains no warranties of title at all. The quitclaim deed only operates to convey to the seller’s interest in the property to the buyer. This means that if a seller owns a building, he can give a quitclaim deed to the buyer and the seller’s entire interest has been transferred.

Of course, the fine points addressed by general and special warranty deeds are not addressed in a quitclaim deed situation, making the quitclaim a precarious and often difficult instrument by which to convey title. Because a quitclaim only operates to convey a legal interest in the property, a quitclaim given out by a person who does not actually own the property named in the deed will not be liable for any damages at law. There are no breached covenants because no covenants were created. The deed is just a valueless piece of paper and nothing is transferred.

That said, a brief glance at the past can undoubtedly remind us of the incredible value and efficiency of a quitclaim during different historical eras. At times when land claims needed to be made as quickly and efficiently as possible, the quitclaim was a great tool by which people took title. The California Gold Rush is probably the best example of a historical period in which the quitclaim was an essential factor in shaping the economy and social hierarchy of the day.

Of course, the quitclaim has importance beyond elementary school history lessons. Today, the quitclaim can be used to remove apparent defects in title without the time and expense of litigation. Once the title is unquestionably established through quitclaim, a general or special warranty deed can be used to further clarify the more subtle covenant issues associated with property ownership and purchase.

ABA Number — Originated by the American Bankers Association, it is the number (usually in the upper right-hand portion of the check) which identifies the bank upon which the check is drawn.

Abstract of Judgment — A summary of the essential provisions of a court judgment, which when recorded in the county recorder’s office, creates a lien upon the property of the defendant in that county, both presently owned or after acquired.

Abutting Owner — One whose land is contiguous to (abuts) a public right of way.

Acceleration Clause — Clause used in an installment note and mortgage (or deed of trust), which gives the lender the right to demand payment in full upon the happening of a certain event, such as failure to pay an installment by a certain date, change of ownership without the lender’s consent, destruction of the property, or other event which endangers the security of the loan.

Access Right — A right to ingress and egress to and from one’s property. May be express or implied.

Accommodation Recording — The recording of documents with the county recorder by a title insurance company, without liability (no insurance) on the part of the company, but merely as a convenience to a customer.

Acknowledgement — A written declaration by a person executing an instrument, given before an officer authorized to give an oath (usually a notary public), stating that the execution is of his own volition.

Action to Quiet Title — A court action to establish ownership to real property. Although technically not an action to remove a cloud on title, the two actions are usually referred to as “Quiet Title” actions.

Adjudication — A judgment or decision by a court.

Adjustable Mortgage Loans (AML\’92S) — Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Rate Mortgages (ARM\’92s), Flexible Rate Loans, and Variable Rate Loans.

Administrator — A person given authority by a proper court to manage and distribute the estate of a deceased person when there is no will.

Adverse Possession — A method of acquiring title by possession under certain conditions. Generally, possession must be actual, under claim of right, open, continuous, notorious, exclusive and hostile (knowingly against the rights of the owner). Exact time (years) of possession and specific requirements (such as payment of property taxes) vary with the statutes of each state.

Affidavit — A written statement or declaration, sworn to before an officer who has authority to administer an oath.

Affirmative Easement — An easement described from the benefited estate (dominant tenement). Also called a parcel 2 easement. The same easement described from the burdened estate (servient tenement) would be a negative easement.

After Acquired Title — Legal doctrine by which property automatically vests in a grantee when the grantor acquires title to the property after the deed has been executed and delivered.

Agency — One who is authorized to act for or represent another (principal), usually in business matters. Authority may be expressed or implied.

Alias — Latin for (otherwise) commonly meaning that a person is known by more than one name. In some states, indicated by the letters AKA (Also Known Aliases).

Alienation Clause — A type of acceleration clause, calling for a debt under a mortgage or deed of trust to be due in its entirety upon transfer of ownership of the secured property. Also called a “due-on-transfer” clause.

A.L.T.A.(American Land Title Association) — An organization, composed of title insurance companies, which has adopted certain insurance policy forms to standardize coverage on a national basis.

Amendment — A change, either to correct an error or to alter a part of an agreement without changing the principal idea or essence.

American Institute of Real Estate Appraisers — A trade organization designed to establish standards of competence in the appraisal industry. The designation MAI (competent by the institute’s standards to appraise all types of real property) and RM (one to four family residences) are prestigious and heavily relied upon by the real estate industry, lenders, governments, and others who utilize appraisers.

Amortization — Payment of debt in regular, periodic installments of principal and interest, as opposed to interest only payments.

Amortization Schedule — A schedule showing each payment of a loan to be amortized and breaking down the payment applied to principal and the amount applied to interest.

Amortize — To reduce debt by regular payments of both principal and interest, as opposed to interest only payments.

Anchor Tenant — The most reliable, and usually the largest, tenant in a shopping center. The strength of the anchor tenant greatly affects the availability of financing for the shopping center. The term may also be used to describe a tenant in an office building, industrial park, etc.

Annexation — Permanently affixing to real property, such as city adding additional land to increase its size.

Appel Loan (Accelerating Payoff Progressive Equity Loan) — A residential property loan which calls for a payment increase over the first six years. Level payments are made for the remaining years and the loan paid off during the 15th year. There is no prepayment penalty and P.M.I. is required.

Appraisal — An opinion of value based upon a factual analysis. Legally, an estimation of value by two disinterested persons of suitable qualifications.

Appraiser — One who is trained and educated in the methods of determining the value of property through analysis of various factors which determine said value.

Appropriation — The private taking and use of public property, such as water from a river or lake. Not to be confused with condemnation or expropriation.

Appurtenance — Something belonging to something else, either attached or not, such as a barn to a house or an easement to land. The appurtenance is part of the property and passes with it upon sale or other transfer.

Arbitray Map — A map drawn by a title company to be used in locating property in areas where legal descriptions are difficult and complex. Areas are arbitrarily subdivided, usually by ownership at a given time, into lots which are numbered. Recorded documents are then posted to these arbitrary lots by the same “arb” number.

Arbitration Clause — A clause in a lease calling for the decision of a third party (arbiter) regarding disputes over future rents based on negotiation. Also used in construction contracts, disputes between brokers, etc.

Articles of Incorporation — Documentation filled with the state which sets forth-general information about a corporation. More specific rules of the corporation would be contained in the by-laws.

“As Is” Condition — Premises accepted by a buyer or tenant in the condition existing at the time of the sale or lease, including all physical defects.

Assessed Value — Value placed upon property for property tax purposes by the tax assessor.

Assessment — (1) The estimating of value of property for tax purposes. (2) A levy against property in addition to general taxes. Usually for improvements such as streets, sewers, etc.

Assessment District — An area, the boundaries of which are set for tax assessment purposes only; these boundaries may cross city boundaries.

Mortgage Website packages by iMortgage Sites

26 Feb

Professional Package:

Professional package comprises features that will eliminate manual processes for you thus increasing your loan pipeline and generating revenue. Professional package offers many features including auto e-mail responder, configurable pages, plug and play, calculators, and full/short loan application. Professional package allows you a complete access to control panel to enjoy all the tools available. You will be able to make changes to your website at the comfort of your home and office without contacting any technical support.

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
    • Should I refinance my home mortgage? Add a plus sign to expand the calculator.
    • What would my payments be for a fixed rate loan?
    • What would my payments be for an adjustable rate loan?
    • What would my payments be for a balloon loan?
    • Should I rent my home or buy?
    • Which loan is better, fixed or Adjustable?
    • What would I save if I make extra payments?
    • How much house can I qualify for?
    • How much house can I afford?
    • Advanced mortgage calculator.
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application with disclosures. Clients can fill out the loan application and click it back to you.
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate.
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representative to contact right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Website Administrative Features

  • Choice of Website Templates – Allows you to pick ready-made template for your company
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.
  • Custom Meta Tags –
  • Custom Ticker Message

Pro Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Acquire one of the most accurate and professionally made mortgage website systems for mortgage professionals. This is not just a website template but also an enhanced mortgage website system to build your mortgage business to a multi-million dollar business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • Leads
  • Design
  • Interest
Search, Edit, Print, Export and Email:
Full, Short, Prequalification, Loan Advisor, Instant Rate Quote and Free Credit Report.
Enable/Disable acknowledgement email to client and admin
Search, Delete and Reply to “contact us” queries.

Website Features:

Online Forms & Applications
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Interest Rates
2 Editable Today’s Interest Rate
Instant Rate Quote Request
Best Rate Guarantee
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
Tell a Friend Page
Instant Email Notification
Website Ticker *
Uplaod Your Logo
Choose from 2 Website Templates

        Ultra Package:

Ultra Package offers more features and control over your website than Professional package. It provides more customer menu categories and custom menu buttons. Following features are available:

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
  • Should I refinance my home mortgage?
  • What would my payments be for a fixed rate loan?
  • What would my payments be for an adjustable rate loan?
  • What would my payments be for a balloon loan?
  • Should I rent my home or buy?
  • Which loan is better, fixed or Adjustable?
  • What would I save if I make extra payments?
  • How much house can I qualify for?
  • How much house can I afford?
  • Advanced mortgage calculator.
  • Personal Financing Calculators
    • How much car can I afford?
    • How long will it take to pay off my credit cards?
    • How much do I need to save for college?
    • How long will it take to save for a major purchase?
    • Simple loan calculator.
    • How much can I borrow?
    • What interest rate would I need?
    • How long would it take to pay off a loan?
    • What would my payments be?
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application. Clients can fill out the loan application and click it back to you.
  • PDF Disclosure Forms – Provides all the loan disclosure forms, so that clients can sign and send it back.
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate.
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Glossary of Mortgage Terms – Details the entire mortgage glossary for your information and education.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representatives to get in touch right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Website Administrative Features: http://www.imortgagesites.com

  • Custom Menu Categories – Provides seven different custom menu categories
  • Custom Menu Buttons – Allows you to pick twenty different custom menu buttons
  • Choice of Website Templates – Allows you to pick from 18 ready-made template for your company
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.
  • Custom Meta Tags –
  • Custom Ticker Message
  • Custom Website Frame Color –

Ultra Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Ultra mortgage website system is created for mid size mortgage business with distinctive features. This is not just a website template but also an enhanced mortgage website system to build your mortgage business to a multi-million dollar business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • Leads
  • Design
  • Interest
  • SEO & Marketing
Search, Edit, Print, Export and Email:
Complete, Full, Short, Prequalification, Loan Advisor, Instant Rate Quote, Free Credit Report and News letter signups.
Enable/Disable acknowledgement email to client and admin
Search, Delete and Reply to “contact us” queries.

Website Features (what your clients will see)

Online Forms & Applications
Complete Online Loan Application
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Download & Print 1003 PDF
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Lease Calculators
Interest Rates
3 Editable Today’s Interest Rate
Payment Chart (comparison of monthly payments)
Instant Rate Quote Request
Best Rate Guarantee
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Company Employees Details
Office Map & Other Details
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
Tell a Friend Page
Instant Email Notification
Newsletter Signup *
Website Ticker *
Uplaod Your Logo
Choose from 4 Website Templates

Enterprise Package:

Enterprise package provides maximum and state of the art features to optimize your productivity. Enterprise package ranges from every possible calculator to educators to all possible loan forms and disclosures. It comprises of the following:

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
  • Should I refinance my home mortgage?
  • What would my payments be for a fixed rate loan?
  • What would my payments be for an adjustable rate loan?
  • What would my payments be for a balloon loan?
  • Should I rent my home or buy?
  • Which loan is better, fixed or Adjustable?
  • What would I save if I make extra payments?
  • How much house can I qualify for?
  • How much house can I afford?
  • Advanced mortgage calculator.
  • Personal Financing Calculators
    • How much car can I afford?
    • How long will it take to pay off my credit cards?
    • How much do I need to save for college?
    • How long will it take to save for a major purchase?
    • Simple loan calculator.
    • How much can I borrow?
    • What interest rate would I need?
    • How long would it take to pay off a loan?
    • What would my payments be?
    • Roth IRA comparison calculator.
    • IRA calculator.
    • Roth IRA calculator.
    • IRA deposit calculator.
    • Roth IRA deposit calculator.
    • Spending calculator.
    • How long would I be able to make withdrawals?
    • What interest rate would I need?
    • How much money would I need to start with?
    • How much money could I withdraw each month?
    • Investment Calculators
      • Investment analysis calculator.
      • How can I save a million dollars?
      • Investment yield calculator.
      • Present value calculator.
      • Future value calculator.
      • Simple savings goal calculator.
      • How much money could I save?
      • What interest rate would I need?
      • How much money would I need to start with?
      • How much would I need to save each month?
      • Lease Calculators
        • Simple lease calculator.
        • Advanced lease calculator.
        • How much can I afford to lease?
        • What interest rate would I need?
        • What would my residual be?
        • What would my payments be?
  • Retirement Calculators
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application. Clients can fill out the loan application and click it back to you.
  • 1003 – Uniform Residential Loan Application in PDF format – Allows you to download and print.
  • PDF Disclosure Forms – Provides all the loan disclosure forms, so that clients can sign and send it back.
  • House Listing & Details –
  • Agent Profiles –
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate. 10 available.
  • Market Rates –
  • Market Trends –
  • Payment Chart –
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Glossary of Mortgage Terms – Details the entire mortgage glossary for your information and education.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representatives to get in touch right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Control Panel Features

 

  • House Listing & Details Management
  • Agent Profile Management
  • Good Faith Estimate Excel Sheets
  • Custom Menu Categories – Provides eight different custom menu categories
  • Custom Menu Buttons – Allows you to pick twenty eight different custom menu buttons
  • Choice of Website Templates – Allows you to pick from 28 ready-made template for your company
  • Custom Meta Tags
  • Custom Ticker Message
  • Custom Website Frame Color
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.

Enterprise Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Enterprise package provides maximum and state of the art features to optimize your productivity. Enterprise package ranges from every possible calculator to comprehensive educators to all possible loan forms and disclosures. It comprises every conceivable feature that a mortgage company or a high volume mortgage professional requires to operate a successful business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • 1003
  • Leads
  • Design
  • Realty
  • Interest
  • SEO & Marketing
  • Escrow
  • Appraisal
Create, Search, Edit, Print, Export, Email 1003 residential loan applications
Enable/Disable acknowledgement email to client and admin
Add, Update and Delete Loan Officers’ data.

Website Features (what your clients will see)

1003 Residential Loan Application
Step by step online complete 1003
1003 User Control Panel
Loan Officers
Unlimited Loan Officer’s Pages
Online Forms & Applications
Complete Online Loan Application
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Download & Print 1003 PDF
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Lease Calculators
Personal Financing Calculators
Investment Calculators
Retirement Calculators
Interest Rates
10 Editable Today’s Interest Rate
Payment Chart (comparison of monthly payments)
Instant Rate Quote Request
Best Rate Guarantee
Rate Alert Request Form
Realty
House Listing
Real Estate Agents’ Pages
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Company Employees Details
Office Map & Other Details
Partners & Affiliate Page
Jobs Openings
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
10 Additional Pages
Tell a Friend Page
Instant Email Notification
Application Auto Responders
Newsletter Signup *
Website Ticker *
Uplaod Your Logo
Choose Any Website Template

Website Features by imortgage sites

26 Feb

Secure Loan Application:

Secure step by step interactive complete 1003

Secure online Loan/mortgage applications

Online interactive original 1003 loan application (Fill & Submit)

Fill online original 1003 and submit with signatures

6 different loan applications to secure more loan leads

Disclosures forms for all states

Clients can sign disclosure forms online

State of the art lead generation tools

Unlimited mortgage articles

Unlimited mortgage news and updates

Interest Rates:

Loan Advisor request

Update and upload daily interest rates

Interest rate payment chart

Instant Rate Quotes           

Rate Alert Request

45 Calculators:

Home Financing Calculators

Lease Calculators

Personal Financing Calculators

Investment Calculators

Retirement Calculators

Mortgage Educators:

Residential Mortgage & Home Loans

Home Appraisal & Appraisal Values

Home Owner Insurance

Escrow Process

Title Insurance

Interest Rate & Interest Types

Loan to Value (LTV – CLTV)

Debt-to-Income Ratio

Credit Score (FICO)

Bankruptcy & Foreclosures

Mortgage Website:

Website setup time less than 5 minutes

Customize your website instantly

30+ Customizable Plug & Play Modules

30+ Customizable web pages

      Maximum customizability in the Industry

Add/Edit Unlimited Pages

State of the art advance Admin Panel

      Dynamic website look & feel

Free Web Hosting

Get your domain names instantly

Free email accounts for loan officers

Web base email accounts

Check your emails anywhere in the world

Set up email account to “Microsoft Outlook”

 

Loan Officers & Real Estate Agents:

      Add Loan officers & Real Estate Agents profiles

      Add unlimited home listings

      Get Mortgage & Real Estate Laws updates

      Get most recent mortgage and real estate forms

Customize Logo Flash/HTML graphics

Customize headers Flash/HTML graphics

Customized Main pages of your site “Flash”

3 website packages

Custom Website for small and large companies

100+ professionally designed templates

Change your template daily

      Open Escrow & Title online

      Get farming leads for free

Best Escrow rates & service in the nation

Personalized escrow service

Order Payoffs demands online

Order Appraisals nationwide online

Check property profiles nationwide

Create marketing flyers-post cards …

Customize your marketing campaign

Newsletter database to keep in contact with your customers

Why select iMortgageSites for loan origination.

As the internet continues to escalate and becoming further accessible to all individuals consequently the majority of businesses and their information are obtained over the internet, having a legit and professionally made website is almost inevitable for any and all business.  In this day and age a business is exclusively judged by its website and online presence.  The days of the Yellow Pages are emphatically concluded as we usher into the age of e-information and e-commerce; therefore, one must adapt to innovative and brilliant way of obtaining information and conducting business over the internet.  Recent study shows 81.3% of the business inquires are made through the internet.  Data collected by http://www.imortgagesites.com team.

Last year 71% of the home-owners inquire about the mortgage interest rates over the internet.  Home-owners belong to working class and therefore have no time what so ever to go through the referrals and yellow pages, however, they have unlimited access to the internet and therefore have the means to inquires about every element of mortgages and home buying process through the internet.

But having an internet presence and maintaining a website is expensive, time-consuming and troublesome task even for computer-savvy business owners. iMortgageSites takes out the trouble and expensive development fees so that businesses can focus more on their main objective, selling.  As a matter of fact, just one lead from your http://www.iMortgageSite.com ‘s Mortgage website can pay for a five years of website expense.

Benefits of having a mortgage website by http://www.imortgagesites.com

A website is a presentation tool used by many people for a variety of useful tasks including:

  • Providing support to your clients by providing mortgage and loan educator and online submission of loan application.
  • Online loan application submission speed up the loan process by weeks and provide mortgage companies vital information in a split of a second.
  • Online documentation and mortgage calculators for clients and mortgage officers to calculate the mortgage payments and amortization tables.
  • Providing press releases about your company. The first place people usually expect that information (especially clients) would be from the company’s website.
  • Selling variety of loan programs online which are other wise not available to home-owners.
  • To help increase your name recognition, while at the same time increasing sales with low overhead.
  • Legitimize your business and your online presence and become accessible to millions of clients over night.
  • Receiving feedback and comments from your users. The easiest way for people to submit comments is through a website. No paper or postage is necessary.
  • To teach people over the Internet. The Internet is a great educational tool, allowing clients to retrieve the latest mortgage and loan information.

What is an MTA Index?

26 Feb

AAMI recommends the MTA-indexed program as the number 1 mortgage offered today in the USA.  The COFI would be our 2nd choice; next would come either the COSI or CODI with the LIBOR coming in last place.  The first four programs work exactly the same way. E.g., four monthly payment options, a yearly 7.5% payment cap, a Life Cap, a fixed Margin, and a slow moving monthly Index (the LIBOR does not offer yearly payment cap protection), however there are some glaring differences:

  • History proves that the MTA-indexed mortgage has offered a lower fully-indexed Rate (Index + Margin) vs. the COFI, COSI and CODI’s fully-indexed Rate over the past 10-15 years.
  • Currently the MTA’s fully-indexed Rate is lower than the COFI, COSI and CODI.
  • MTA and COFI both offer a 9.95% life cap; however the COSI & CODI’s life cap is 11.95%.
  • MTA offers the lowest Margins (this is Key)
  • MTA offers a lower “Starting Rate” of 1.00% vs. the COFI’s 2.0%.  (Both the MTA and COFI’s initialStart Rate” is a true P.I. Rate for the first month. However, the COSI and CODI initial Start Rate of 1.5% – 1.95% begins {day one} with the fully-indexed Rate or Index + Margin.) 

Explanation of the MTA-Index:

The 12-month MTA-Index (Month Treasury Average) is based on the average annual monthly yields of U.S. Treasury Securities, (T-Bill) adjusted to a constant maturity of one year, as made available by the Federal Reserve.  This Index is determined by adding together the monthly yields for the most recent 12 months and dividing by 12.  Because it’s an average, higher yields in some months are offset by lower yields in others. This Index has averaged below 5% over the past 14 years.

If you add the current monthly MTA-Index to a Margin and it will equal the current monthly “fully-Indexed” Rate; the Margin never changes.  Over the last fourteen (14) years, with Mr. Greenspan continually increasing then decreasing the PRIME Lending Rate, the MTA-Index has averaged below 5%.  Therefore, if you’re worried about the Life Cap (Index + Margin) going up to its max of 9.95% you need to understand how the MTA moves. E.g., if you had a 2.0% Margin, the MTA-Index would be capped at 7.95%, or 9.95% – 2.0% = 7.95%. Again, this Index has averaged below 5% over the past 14 years. This low average is one of the main reasons why none of our past Clients have ever needed to refinance off of this mortgage program.  Because when Fixed-Rates start to drop so does the MTA-Index.  Moreover, when the Fixed-Rates start to move higher, the MTA-Index moves slightly higher, and very slowly.

The “Margin” is how the Lender makes their “profit”.  I.e., if the Margin is 2.95%, the Lender will always make 2.95% of the existing loan amount regardless of what the monthly Index does.  If the Index goes up, the Lender only earns 2.95%; if the Index goes down they only earn 2.95% of the new loan balance.  The Margin directly affects the monthly:

Principal and Interest (P.I.) payment or (Index + Margin x outstanding loan balance)

Fully-Indexed Rate (Index + Margin)

(Index + Margin x outstanding loan balance)

If you always make the Fully-Indexed payment (Scheduled payment), the 7.5% yearly Payment Cap will most likely never come into force, even if the Index increased for a long period of time. This is because of a “decreasing” loan balance. E.g., if you had a $250,000 balance on 01/01/04, and the fully indexed rate (Index + Margin) was 3.979% or 2.75% Margin + 1.229% Index; the fully-indexed payment would be $1,190.51. Let us assume the (next months) new Index increases by 0.05 bps to 1.234% (Margin is fixed for the life of loan); the new fully-Indexed Rate would be 3.984%. We can see that 3.984% is higher than 3.979% however, the new monthly payment would actually drop because the new loan balance would be lower. For example, $249,638 x 3.979% = $1,188.79.  If you only make the “Minimum” payment or “Interest-only” payments, the yearly 7.5% Payment Cap will come into play (on your next yearly anniversary date) and increase your prior year “payment” no more than 7.5%. (The 7.5% payment cap has nothing to do with your fully Indexed Rate or Index + Margin.)

  • Every month a mortgage statement will be mailed to you, (even though you can make payments electronically.)
  • You will be given the choice to pay the Scheduled payment, the “Minimum payment” or more than the Scheduled payment, e.g., a 15 year payment, every month.
  • Both payment options (“Minimum” and “Scheduled”) will pay your house off in 30 yrs. or less. (Read further information regarding your different pmt options.)

12 month MTA-Index January 1990 to present.  This Index has averaged below 5% over the past 14 years. (2 month lagging):

As of 2/01/2005:

The MTA Index over the past –

14 years has averaged

4.543%

The MTA Index over the past –

13 years has averaged

4.340%

The MTA Index over the past –

12 years has averaged

4.279%

The MTA Index over the past –

11 years has averaged

4.340%

The MTA Index over the past –

10 years has averaged

4.368%

The MTA Index over the past –

09 years has averaged

4.194%

The MTA Index over the past –

08 years has averaged

4.016%

The MTA Index over the past –

07 years has averaged

3.787%

The MTA Index over the past –

06 years has averaged

3.505%

The MTA Index over the past –

05 years has averaged

3.231%

The MTA Index over the past –

04 years has averaged

2.596%

The MTA Index over the past –

03 years has averaged

1.827%

The MTA Index over the past –

02 years has averaged

1.478%

The MTA Index over the past –

01 years has averaged

1.459%

 

What is an index?

An index is an independent, published economic indicator.  There is a wide variety of commonly used interest rate indices including the 12-Month Treasury Average Index (12-MTA), the 11th District Cost of Funds Index (COFI) and the 1- Year Constant Maturity Index (CMT).  Lenders use indices to establish the interest rate for an adjustable rate mortgage.  Additionally, ARM rates follow the movement of these indices.  The lender adds a specified number of percentage points, called a margin, to the index to establish the actual ARM interest rate.  For further details check out mortgage sites.

What is the 12-MTA?

The 12-Month Treasury Average Index (12-MTA) is based on the average annual yields on U.S. Treasury Securities adjusted to a constant maturity of one year, as made available by the Federal Reserve.  The 12 months average is determined by adding together the annual yields for the most recently available 12 months and dividing by 12.

Stability: The 12-MTA

The 12-MTA Index does not move up or down as rapidly as other market interest rates because the 12-MTA is an average of annual yields on U.S. Treasury Securities over a 12-month period.

As a result:

  • Higher yields are offset by lower yields on a monthly basis
  • It creates an index which is far less volatile than other indices
  • Interest rate increases take longer to affect the 12-MTA than other ARM indices

Historically, MTA adjustable home mortgage loans have not exhibited sharp interest rate increases such as those that occurred in the late 1980s. Additionally, unlike more volatile indices, the 12-MTA has never increased more than .25% in any month for over a decade.

MTA vs. Other Adjustable Loan Indices

The MTA is a very slow index. The index is nearly as stable as the world’s most stable index, The Cost of Savings Index. However, MTA adjustable home mortgage loans generally have better margins which are fixed through the lifetime of the mortgage.

Because the MTA is an average annual yield on U.S. Treasury Securities there is an inherent “lag” in the index which ultimately causes the index to move very slowly. Again, in any given month the index has never raised over .25% for the last decade.

Advantages of 12 Month MTA ARMs:

MTA adjustable home mortgage loans have several advantages. Flexibility in the monthly payment: It is one of the main advantages of MTA ARMs. With MTA adjustable home mortgage loans you will have a choice of payment options. Besides a full principle and interest and minimum payment options your MTA ARM will have an interest only payment option and also a 15 year amortization payment option. You have the ability to change payment options every month if you like.
Tax Planning: MTA adjustable home mortgage loans may be used for tax planning. The borrower can defer interest payments and at the end of the year, analyze their tax situation. If it serves their tax interests, they can make a lump sum payment toward any interest that has been deferred and deduct it for tax purposes.
Easy qualifying: Many MTA adjustable home mortgage loan lenders allow homebuyers with good credit to apply without documenting their income, assets, or source of down payment. This is helpful for self-employed borrowers or those who have jobs where it is difficult to document their income. Low initial rate: Most MTA ARMs are offered with a very low initial rate. Some lenders will allow you to qualify for a larger loan due to this initially lower rate.

Why Consider an MTA ARM:

  • The monthly payment is much lower than with a conventional loan (Low Initial Rate).
  • It is a good mortgage for those with less than perfect credit or if your debt ratio is too high.
  • It is a good mortgage for those living pay check to pay check, or if you need to reduce your monthly payments.
  • Monthly savings can be invested or used to pay off credit cards or to start or augment your savings and investments.
  • It is a good mortgage if you have a need to accumulate more assets, or the need to fund retirement accounts (higher return on your investments).
  • The MTA is a good fit for home buyers who own their own business, have a fluctuating income, or live on commission.
  • It is popular with people who invest in real estate.
  • It is more insulated against market changes.
  • It offers flexibility in your monthly payment – you will have a monthly choice of payment options.
  • The MTA ARM provides more opportunities for financially savvy borrowers who seek more customized and ultimately less costly home-finance choices.

What is a Website? What is a Mortgage Website?

26 Feb
What is a website?

In general, a web site is a place on the Internet that can be used to present something to the Internet audience.  A website is only a tiny portion of the vast Internet; a global network connecting millions and decentralizing by design. With a website, you will be able to present information about your company to your clients. A website is much like a book to be found in the largest library in the world. That is why it is important to make a website attractive so users would continue reading your website just like a book and their attention would be captured

Why do I need a Web site?
A website is like a necessity in today’s society. Millions of new users are connecting to the Internet from any part of the world at any time. People use the Web to do almost everything, including banking, shopping, and researching. Not only is it quick, convenient and easy, but it is always a changing environment. Newly updated sites always appear and there are always new things to explore on the Internet because of its comprehensiveness. A website is like a phone number, it is the first place people look before they do business with your company. If they don’t find you, they will then find your competitors. A website could present vital company information to the prospective client. Almost everyone can be a competitor now, whether you are a multimillion-dollar company or several hundred, visitors will base their judgment on the design of the website. Thus, there are endless opportunities on the Internet.
What is a Domain Name?
A domain name is an address on the Internet. It is the name people will remember when they want to go to your site. Like an address of someone’s physical home, a domain name allows you to easily visit his or her location on the Internet. The best domain names to select are those that are easy to memorize, simple, and great sounding. Great domain names help contribute to increased site visitors and return rates of visitors.
What can a Web site do for me?
A website is a presentation tool used by many people for a variety of useful tasks including:

  • Providing support to your clients by providing online chat support or online documentation.
  • Upon search of your site or what is being provided in your site your clients will find you in the major search engines like Google, Yahoo, and MSN.
  • Providing press releases about your company. The first place people usually expect that information (especially shareholders) would be from the company’s website.
  • Selling products online to people around the world at any time of day. This can help increase your name recognition, while at the same time increasing sales with low overhead.
  • Receiving feedback and comments from your users. The easiest way for people to submit comments is through a website. No paper or postage is necessary.
  • To teach people over the Internet. The Internet is a great educational tool, allowing students to retrieve the latest information on their subjects of study. Students can work at their own pace and attend classes at any time with ease.
Web hosting & Websites relation
Web hosting is required in order for websites to be put “live” on the Internet. Web hosting allows the website to exist on the World Wide Web. A computer that specializes in hosting stores the website so it can be accessed by any internet user during any time of the day. www.iMortgageSites.com offers free hosting to all its clients with an assurance that your website remain accessible with 99% reliability and impressive throughput speed.
Why buy a domain name.
Once you purchase a website, it is recommended that you purchase a second-level domain name without anything in front and behind it (with the exception of www.). This will become your permanent address on the Internet. If you don’t like the way your page is hosted, you can always move them to another host at any time and the page addresses will remain the same. Thus, nothing will be different for your site visitors.  Likewise, if you don’t like how the domain registrar maintains the domain name for you, you can transfer the name to another registrar and nothing will change. Just remember that the domain remains your property as long as you pay the fee for the name to the registrar. Purchasing your domain along with your hosting from iMortgageSites.com simplifies this process. You are not fully dependent on the company that provided you with the domain. If something happens to the domain registrar, you will lose all of your visitors and popularity because your pages will have the web address linking to a server that is no longer in existence. You would also have difficulty changing the DNS. Sign up at i mortgage sites for mortgage websites services.
%d bloggers like this: