Best Company to Work For

 Best Company to Work For

Best Company to Work For

Inlanta Mortgage is pleased to announce that Mortgage Executive Magazine has named Inlanta Mortgage one of the 50 Best Companies to Work For in the mortgage industry.

To select the 50 Best Companies to Work For in the mortgage industry, Mortgage Executive Magazine surveyed more than two hundred mortgage companies and ten thousand mortgage loan officers. Mortgage loan officers were asked to rate their current mortgage company on areas such as corporate culture, loan processing, underwriting, compensation, management, marketing and technology.

Inlanta Mortgage was also recently recognized for the third year as a Top Workplace by the Milwaukee Journal Sentinel. For the 2015 Top Workplace award, Inlanta employees located in Southeastern Wisconsin answered questions on engagement, organizational health and satisfaction.

Inlanta Mortgage President Nicholas DelTorto said, “At the end of the day, we realize that the work we do matters. We have uniquely committed employees that are committed to the sales teams that serve their communities and the customers’ experience with us. We are helping people buy homes, we are helping employees support their families, and we are helping each other to become better mortgage professionals. It is an honor to work with the people at Inlanta.”

DelTorto was recently recognized as one of the 100 Most Influential Mortgage Executives by Mortgage Executive Magazine for the second year in a row.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 36 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency-approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta’s mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260 or email partner@inlanta.com.

Mortgage Rates Little Changed

Mortgage Rates Little Changed
 

Mortgage Rates Little Changed

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates little changed from the previous week amid reports of the U.S. housing market strengthening.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 4.02 percent, up from last week when it averaged 4.00 percent. A year ago at this time, the 30-year FRM averaged 4.14 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.21 percent, down from last week when it averaged 3.23 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 2.98 percent, down from last week when it averaged 3.00 percent. A year ago, the 5-year ARM averaged 2.98 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.50 percent, down from last week when it averaged 2.53 percent. At this time last year, the 1-year ARM averaged 2.40 percent.

Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Sean Becketti, chief economist, Freddie Mac:

“Mortgage rates were little changed this week. The rate on 30-year fixed-rate mortgages was 4.02 percent, an increase of just 2 basis points from the previous week. Economic releases confirmed increasing strength in housing. Existing home sales increased 5.1 percent in May to an annual pace of 5.35 million units and new home sales [PDF] increased 2.2 percent to an annual pace of 546,000 units. Buyers appear anxious to purchase homes before the expected increase in interest rates later this year. Given the tight inventory of homes for sale, a 5.1-month supply at the current sales pace, home prices are being bid up.”

Original Source: Freddie Mac interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Learn More About the Closing Disclosure

What is the New Closing Disclosure?

The Closing Disclosure is one of the new TRID (TILA-RESPA Integrated) disclosures that will take effect this fall with the implementation of the CFPB’s Know Before You Owe rule. The Closing Disclosure is provided to borrowers within three business days of settlement. A similar form is provided to the seller of the home, less the details of the borrower’s mortgage loan.

The Closing Disclosure will combine two forms that are in use now – the late Truth-in-Lending form and the HUD-1. Confusion will be reduced by combining and simplifying the required disclosure information into one form.

What is Purpose of Closing Disclosure?

The Closing Disclosure has four basic purposes:

  • To describe the costs you’ll pay at closing over the life of your loan
  • To compare these costs and your pre-paid expenses to those listed in your written Loan Estimate
  • To highlight certain loan terms (such as how a late payment is handled)
  • To provide contact information for the primary professionals involved in your real estate transaction

Here is a sample Closing Disclosure as provided by the Consumer Finance Protection Bureau: Sample Closing Disclosure

Revised Closing Disclosures

As stated, borrowers will receive the Closing Disclosure within three business days of settlement. If certain loan changes occur, you will receive a revised Closing Disclosure. Receipt of revised Closing Disclosure must occur three business days prior to settlement. More specifically, a change in loan program, a change in APR beyond specific tolerance levels, or an addition of a pre-payment penalty will require re-disclosure and potentially delay a closing.

New Closing Disclosure Effective Date

The CFPB recently proposed that the implementation of the new disclosures and regulations be delayed for two months. Instead of August 1, 2015, the CFPB has proposed that the effective date for TRID be moved to October 3, 2015 – see the CFPB news release here. While that date may seem far away, Realtors, lenders and Settlement Service providers must adjust their systems and processes to adhere with new rules.

Please check back here often for more information on TRID disclosures, rules, pending changes and implementation dates. As always, our goal is to provide our borrowers and business partners with exceptional lending services – preparing our partners and borrowers for TRID will help ensure a smooth transition for all involved.

Please do not hesitate to ask a question – email info@inlanta.com for more information or find a loan officer near you using our branch locator.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Learn More About the Loan Estimate

Loan-Estimate

What is the New Loan Estimate?

The Loan Estimate is one of the new TRID (TILA-RESPA Integrated) disclosures that will take effect this fall with the implementation of the CFPB’s Know Before You Owe rule. The goal of the Loan Estimate is to help borrowers better understand the costs associated with buying a home. The Loan Estimate is provided to borrowers within three business days of applying for a mortgage loan and must arrive at least one day before you receive your Closing Disclosure.

The Loan Estimate will combine two forms that are in use now – the early Truth-in-Lending form and the Good Faith Estimate. Confusion will be reduced by combining and simplifying the required disclosure information into one form.

What Information is on Loan Estimate?

The Loan Estimate will include the following basic types of information:

  • Loan terms, including amount and interest rate
  • Projected monthly payments
  • Estimated Costs at closing, including pre-paid expenses
  • Total interest you will pay if you keep the loan for the full term

Here is a sample Loan Estimate as provided by the Consumer Finance Protection Bureau: Sample Loan Estimate

Revised Loan Estimates

As stated, borrowers will receive the Loan Estimate within three business days of applying for a mortgage loan. During the course of the loan process, if certain costs on your Loan Estimate change significantly, you will receive a revised Loan Estimate. Items that could trigger a revised loan estimate include: costs changing more than allowable limits, your interest rate is locked in, and your loan loan amount or loan program changes. We encourage you to save the Loan Estimate and compare it against the Closing Disclosure document that you will receive three business days before your settlement (closing).

New Loan Estimate Effective Date

The CFPB recently proposed that the implementation of the new disclosures and regulations be delayed for two months. Instead of August 1, 2015, the CFPB has proposed that the effective date for TRID be moved to October 3, 2015 – see the CFPB news release here. While that date may seem far away, Realtors, lenders and Settlement Service providers must adjust their systems and processes to adhere with new rules.

Please check back here often for more information on TRID disclosures, rules, pending changes and implementation dates. As always, our goal is to provide our borrowers and business partners with exceptional lending services – preparing our partners and borrowers for TRID will help ensure a smooth transition for all involved.

Please do not hesitate to ask a question – email info@inlanta.com for more information or find a loan officer near you using our branch locator.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Mortgage Rates Improve From Last Week’s Spike

Mortgage Rates Improve
 

Mortgage Rates Improve From Last Week’s Spike

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates moving lower from the previous week’s new highs for 2015 while housing data was generally positive.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 4.00 percent, down from last week when it averaged 4.04 percent. A year ago at this time, the 30-year FRM averaged 4.17 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.23 percent, down from last week when it averaged 3.25 percent. A year ago at this time, the 15-year FRM averaged 3.30 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 3.00 percent, down from last week when it averaged 3.01 percent. A year ago, the 5-year ARM averaged 3.00 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.53 percent, unchanged from last week. At this time last year, the 1-year ARM averaged 2.41 percent.

Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Len Kiefer, deputy chief economist, Freddie Mac:

“Mortgage rates were down this week while housing data were generally positive. Although housing starts [PDF] dropped 11.1 percent to a seasonally adjusted pace of 1.04 million units in May, housing permits surged 11.8 percent to its highest level since August 2007. Reinforcing this positive momentum, the NAHB housing market index rose 5 points in June, suggesting home builders are very optimistic about home sales in the near future.”

Original Source: Freddie Mac interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016