Inlanta Mortgage EVP Featured in Chrisman Blog
Rob Chrisman’s most recent blog on Mortgage News Daily featured our very own Executive Vice President, Nicholas DelTorto, who commented on the article Confusion with NAR and Fraud Stats; ULDD Extended; FDIC Weighs in on Appraisals.
Read Nicholas’ comments here:
What are the large brokers thinking out there? Nicholas J DelTorto wrote, “We (Inlanta) have been seeing larger brokers and mini correspondents considering a partner office structure much more than in the past. One of the biggest considerations is that with the retraction of GMAC and BofA and others ‘pulling back’ there also seems to be a push to move their customers from non-delegated to delegated underwriting approval status. This would also make sense where there is an expectation of more ‘skin in the game’ and the inability to deny any wrongdoing in a repurchase claim.”
He continued, “Partnering does allow these owners to take cash off the table, avoid the ongoing liability and focus on selling and other revenue generating work. We have added some of these larger brokers and mini correspondents lately and the feedback has been very positive. The trend seems to be bigger (but not too big) is better which allows you to spread the burden of compliance, underwriting, and other growing fixed expenses over more production.” (So you know, Inlanta Mortgage was established in 1993 and provides its partner branches with Fannie Mae/Freddie Mac agency products, jumbo and portfolio programs, and is a delegated FHA/VA, FHA 203K and USDA lender. For more information email info@inlanta.com or visit the company’s website at www.inlanta.com.)
Inlanta Mortgage executes a controlled growth strategy by seeking mortgage loan professionals with proven track records of sustainable success. For more information on partnership opportunities, please contact joeramis@inlanta.com.
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