What a Year! Inlanta’s Highlights of 2016

What a Year! Inlanta’s Highlights of 2016

2016 was an eventful year at Inlanta Mortgage. We accomplished a lot thanks to the amazing employees we have on our team, as well as our valued customers and business partners. Thank you from the bottom of our hearts for your support over the last year. While we look forward to all of the exciting things 2017 has in store for us, we’d like to take a moment to count our many blessings and reflect on our accomplishments from this last year:

 

Awards

In February 2016, Inlanta was named a Top Mortgage Employer by National Mortgage Professional Magazine. Then in June, we were named a Top Workplace by Milwaukee Journal Sentinel. Thank you to our employees who voted for us to receive these designations – we could not have done it without you!

Several individuals were recognized for their achievements as well. Nicholas DelTorto (President/CEO), Cindy Laffey (branch partner in Overland Park, KS), and Jim Snyder (branch manager in Pewaukee, WI) were recognized as Mortgage Professional America’s (MPA) Hot 100. Cindy was also recognized as one of MPA’s Elite Women in Mortgage. Jeremy Page, branch manager at our Greenfield, WI branch, was named one of MPA’s Young Guns for a second consecutive year. We also had 4 members of our team recognized at the Wisconsin Mortgage Bankers Association’s (WMBA) Best in Business Awards. Corporate underwriters Andrea Puricelli and Trisha Mulder-Conwell were nominated as Best Underwriter for the Milwaukee Chapter and Northeast Chapter, respectively. Jim Snyder won Best Loan Originator for the Milwaukee Chapter, and Eric Johnson won Best Loan Originator for the Northeast Chapter. Congratulations again to all of our superstars!

 

New LOS

In February, we started the rollout of our new loan origination system, LendingQB. It took several months of preparation leading up to the transition, followed by weeks of training and long hours put in by our LOS Transition team. On top of that, we made this transition during Spring’s high buying season without losing the great service levels and experience our customers are accustomed to. We thank all of our employees for their efforts in making the transition as seamless as possible while keeping our customers our top priority.

 

New Corporate Headquarters

We moved! Our company is growing, and we were starting to outgrow our old space. In August, we moved from Brookfield, Wisconsin to our beautiful new building in Pewaukee, Wisconsin! While we didn’t move far, we now have a much nicer work environment with plenty of room to grow.

 

Philanthropy

We are always looking for ways to give back to our community. In honor of the many friends and colleagues who have cancer, have lost their battle to cancer, or know someone with cancer, we have made it our philanthropic mission to help find a cure. In July, a group of Inlanta employees participated in the Lombardi Walk/Run to Tackle Cancer in Milwaukee. The group asked fellow Inlanta employees, family, and friends to donate to the cause and raised a total of $8,080. They then spent the day at the Henry Maier Festival Park to participate in the Walk/Run. In September, we held a raffle as part of our 12th Annual Sales Conference. We raised $10,440 for the Cancer Research Institute (CRI), an organization that provides funding for lifesaving immunotherapy research. This was the second year we raised money for CRI and we look forward to continuing our work with them.

Further, we wanted to help local families in need during the holidays. Our corporate office and Pewaukee branch participated in Inlanta’s first annual food drive competition. Each team competed to bring in the most food items to become the competition victors. The winning team, our Compliance & Quality Control departments, donated 438 items! In total, we collected 1,671 food items for the Pewaukee Food Pantry.

 

Thanks a Billion – $1 Billion in loan volume

We reached our goal of $1 billion in loan volume! We are so grateful to our employees who have worked hard this year to achieve this goal. We also want to thank all of our customers and business partners for being a part of this milestone. Thanks a Billion!

 

 

FHA and VA Increase Loan Limits for 2017

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FHA and VA increase loan limits for 2017

 

Last week, we announced the news that the FHFA increased conforming loan limits. As a result, the Federal Housing Administration (FHA) and Department of Veteran Affairs (VA) have also increased the limits for FHA loans and VA loans, respectively.

FHA loan limits have increased from $271,050 to $275,665. These new loan limits apply to FHA-insured loans that have an application date of January 1, 2017 or later.
VA loan limits will follow the new limits set for Fannie Mae and Freddie Mac conforming loans. The VA will use these limits to determine how much of the loan they will guaranty and how much an eligible veteran can borrow without requiring a down payment. Veterans should consult their loan officer for further details. You can also visit the Department of Veteran Affairs website for additional information about VA home loans.

A loan limits will follow the new limits set for Fannie Mae and Freddie Mac conforming loans. The VA will use these limits to determine how much of the loan they will guaranty and how much an eligible veteran can borrow without requiring a down payment. Veterans should consult their loan officer for further details. You can also visit the Department of Veteran Affairs website for additional information about VA home loans.

If you are looking to buy a home in 2017, this is excellent news for you! With rising home prices and the market’s return to pre-recession growth, the loan limit increase signifies a growing market. Many homebuyers will now be able to afford larger homes or homes in more expensive areas with better loan terms. If you need help getting started on your home loan journey, check out our blog for more details on the home buying process, FHA loans, and VA loans.

 

 

Increase in Maximum Conforming Loan Limits

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Increase in Maximum Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) recently raised the conforming loan limit from $417,000 to $424,100, marking the first increase since the year 2006. In certain high-cost counties, the loan limit will increase from $625,500 to $636,150.

“The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each year to reflect the changes in the national average home price,” read a statement from FHFA. These changes and rising home prices indicate that the housing market has returned to pre-recession growth.

Best of all, these changes could help borrowers afford homes in more expensive areas or get more home for their money. Increasing the loan limit means that more homebuyers have the option of choosing a conventional loan over a jumbo loan which could result in more favorable loan terms.

These changes will only affect loans that close on or after January 1, 2017. However, since Inlanta Mortgage is a direct lender with Fannie Mae and Freddie Mac, we can start taking your loan applications or lock in your rate today! Contact your local Inlanta Mortgage representative for more details.

Edited: Original post was modified with updated and expanded information on 12/5/2016.

Refinancing Traps

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Refinancing can be tricky, but a little preparation before starting the process goes a long way in avoiding mishaps along the way. Here are some common traps that many run into while refinancing their homes and ways you can avoid falling into the same traps.

 

The automatic payment trap

Did you know it can take up to two weeks to have automatic payments canceled? If your payments are made this way, be sure to turn it off before closing. You don’t want to pay for the same month twice!

The missed or late payment trap

Believe it or not, lots of people think they don’t have to keep making payments once they apply to refinance. Missing a payment could damage your credit and even preclude closing. Just be careful regarding your very last payment, as it should be made in time to assure it’s credited toward your payoff balance.

The tax escrow trap

The funds in any existing escrow account will typically be held until after the current loan is paid off. Since this money will not be available at closing, you need to be able to establish a new escrow account and/or pay any upcoming taxes from savings or the new loan proceeds.

The insufficient funds trap

The tax escrow trap can contribute to this, and so, too, can many other factors. For example, a low appraised value could limit your loan amount. As many loans are set up to cover all closing and escrow funds, it’s important to know that any necessary or unexpected adjustment could change the cash to close requirements accordingly.

 

We want you to be aware of these potential pitfalls before they have a chance to occur. Of course, we will work with you and on your behalf to prevent and avoid them.

 

Looking to start the refinance process? Find your local Inlanta loan officer here. Already going through the refinancing process? Reach out to your Inlanta representative whenever you have questions, and we’ll be happy to help.

 

Inlanta Mortgage, Inc. NMLS #1016.

 

10 Fall Decorating Ideas

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10 Fall Decorating Ideas

Fall is officially here and you know what that means—cooler air, warmer clothes, fun seasonal activities, football, and a change in scenery. For many, changes in scenery are not only outdoors, but also in their home. Fall decorations are all about warmth. Incorporating warm colors, such as reds and oranges, and warm aromas, such as pumpkin, apple, orange, cinnamon, and other spices, make for a cozy home during the autumn season.  Here are some décor ideas to help make your home feel like the perfect fall getaway!

 

Gourd and pine cone-filled porch lanterns

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When it comes to fall decorating it can be easy for some to forget the outdoors. This easy porch décor will surely help make the outside of your home reflect the warm nature of fall.

(via hometalk)

 

White pumpkins with fun messages

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Don’t feel like carving pumpkins this year? Try writing out messages onto pumpkins with paint pens to create an inviting feel anywhere in your home.

(via The Perfect Palette)

 

Vases with candles and fall foliage

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Candles are always a great way to make any space instantly feel warm and inviting. Incorporating a fall foliage mix in a big vase with a candle can be used virtually anywhere in your home. Try using one as a kitchen or dining centerpiece, or to spice up an empty side table!

(via listsy.co)

 

Unique white pumpkin fall basket

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This beautifully unique fall piece is a great way to incorporate a different color scheme to your fall décor. It would be perfect for a coffee table, side table, or fireplace mantle.

(via Whipper Berry)

 

Mason jar candle centerpiece with a tan runner

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This simple yet warm centerpiece is an easy DIY project that won’t break your wallet. Click the link to find out how to make it!

(via Addicted 2 DIY)

 

Simple rustic lantern centerpiece

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This simple autumn centerpiece is easy to put together and perfect for any occasion!

(via Serendipity Refined)

 

Fall foliage and candle centerpiece

de6adaab0d96a6cf85faf2894d3c07a5This elaborate autumn centerpiece is perfect for Thanksgiving or any other special get-together you may be having this fall!

(via Babble)

 

Simple white pumpkin mantle decor

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This arrangement is a simple way to spruce up your mantle for the fall season. It is festive but not too elaborate!

(via Dear Lillie the Blog)

 

Comforting fall aromas

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Give your home the perfect fall aroma with these 8 scent hacks!

(via Chasing Foxes)

 

Autumn wreaths

 

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Of course we can’t forget about autumn wreaths! This popular decoration piece has many different variations. From elaborate creations to simple elegance, these pieces are not only easy to find in stores, but they are easy and fun to make as well!

(via Laura Trevey) (via Etsy)

 

 

Bonus Tip:

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Since pumpkins are a staple in fall decorating, here are instructions on how to preserve pumpkins and other decorative gourds.

(via 365ish Days of Pinterest)

 

Check out our Pinterest page for other fun fall decorating ideas and more!

https://www.pinterest.com/inlantamortgage/

 

Inlanta Mortgage, Inc. NMLS #1016.