As a busy professional, your time is precious. Taking time away from the daily grind to attend a conference is a big deal. Attending networking or professional development conferences can be really valuable for relationship building, recruiting, inspiration, vendor and partner sourcing, education, innovation, and new business opportunities. In order to maximize the return on your investment, you must have a plan.
We asked our Chief Credit Officer, Gary Scoma, to break it down for us.
FICO is the most widely used credit score. The three major credit repositories, Equifax, Experian and Transunion, work with FICO to develop their scores. But, when it comes to mortgages, FICO is the only credit score that is considered. So, when FICO recently announced it was changing its scoring system, the resulting headlines caused some confusion and debate. Will FICO’s decision to recalculate credit ratings be a boon for the mortgage industry? Some say the changes will not impact consumer credit in any meaningful way. So, what’s the real story here?
If you follow the news surrounding the housing market, you know that the reluctance of millennials to purchase homes has been a contributing factor for holding back economic recovery. New to the world of real estate, millennials face financial challenges that are magnified by factors such as student debt, a tough job market and a lack of credit history to qualify for loans. The vision of a dream home is often more grand than their budget reality.
Corporate culture can sometimes be difficult for companies to define. It’s something employees feel. It guides them through their work day and sets a tone for their experiences working with their company. It’s more than logos and slogans, it’s a unifying force that drives success or failure. But it is not always easy to capture or describe in words. So when Troy Chambers, branch manager of RPM’s Bellevue office, set out to define the culture that was developing around him, he enlisted the help of his team.
RPM Mortgage, Inc. (RPM) is honored to have been named one of the Best Places to Work in Orange County, a project of the Orange County Business Journal. The award highlights RPM’s corporate culture which has been formed around trust, knowledge and community.
One of the reasons the mortgage business is a rewarding career, is the direct connection to the American dream.
Social Business = The Borrower’s Opportunity to Review Resumes
It’s impossible to ignore the impact that social business has on consumer habits, namely the rankings for services, sellers, and products. The concept of online ratings has quickly spread throughout various industries in our digitally driven society. But, what about real estate and loan services? As a consumer, where do you turn to evaluate a team of professionals to assist in what is likely the biggest financial decision of your life? How will you find someone you trust, with the knowledge required?
Spring and summer are typically busy buying and selling seasons for the real estate market. Recent reports from industry experts indicate that the housing market continues to recover at a slow but fairly steady rate. According to Lawrence Yun, chief economist for the National Association of Realtors, the economy should be rising about 4% – 5% percent to make up for the downfall after a recession. Instead Yun calculates that the economy has been growing closer to 2% a year. As market conditions change, RPM Mortgage is keeping pace and is poised to serve the varying needs of community members. With an effective lending structure and a team of experts already in place, RPM is strengthening its presence in existing service areas and expanding into new communities.
Can we afford this home? It’s a question that many buyers ask themselves when walking through a home. If you are like me, you go to open houses “just to look.” You may get design ideas, imagine yourself and your family enjoying the yard, cooking in a completely remodeled kitchen, or sitting around the fireplace on a cold evening. Although I am a practical person who is financially conservative, I LOVE looking at homes, even the ones I am not sure I can afford.