The age old problem of the "desperate originator" is reaching epic levels right now in the mortgage industry right.

Desperate Origniator; We're talking about the mortgage originator whose business has dwindled down to the level where they are considering getting out of the business.  And because their business is so bad they will do almost ANYTHING to get your loan done - or at worst case try to make some extra money by upselling rates or fees.

Given the circumstances in the industry right now it's easy to sympathize with them.  Guidelines are changing almost daily, pricing remains volatile, and business is slow overall.  However - you want to be very careful before taking mortgage advice if you suspect one of them is processing your loan.

Signs to watch for:

1.  "This is all you can get."  Because of the credit tightening in the industry many less experienced originators are taking the first deal they can find.  Don't settle for an offer you think can be better.  Let us review your loan to make sure you get what you need.

2.  "You had better act now."  With changing guidelines some lenders continue to not honor their loan approvals - leaving some originators feeling rushed to close deals.  Don't be rushed into a loan that doesn't make sense.  Our staff can help you evaluate your loan.

3.  "I'm not sure if this will work."  A solid mortgage professional stays on top of thier lender guidelines so make sure you get answers to the questions you need. 

Let our professionals review your loan to make sure you are getting the best deal possible.  That's what we are here for - to help make sure you don't get a crummy loan from a desperate loan originator.