Once again, RPM Mortgage, Inc. comes in as one of the top three Bay Area lenders. On May 14, DataQuick reported “the most active lenders to Bay Area home buyers last month were Wells Fargo with 14.5% of the purchase loan market, Bank of America with 4.7% and RPM Mortgage with 3.2%.” The ranking makes RPM the leader among independently owned and operated mortgage lenders.
Last week RPM Mortgage, Inc. celebrated the grand opening of a new Southern California office in Glendora Village. Members of the local business community, including fellow Glendora Village business owners, referral partners, and members of the Chamber of Commerce, gathered at RPM’s new office for a baseball-themed party. Guests enjoyed a festive atmosphere complete with warm sunny weather, live music, and food from the Butcher Shop in La Verne. RPM’s neighbor on Glendora Avenue, Fiorina Clothing, treated guests to an extra 20% during the party.
Four Tips for Avoiding Surprises at Closing
The closing date marks the official end of the home search and buying process. It’s an important day worthy of celebration. On this date buyers complete paperwork, submit all required documentation, pay fees and make first payments, all leading up to the moment of truth – when keys are finally handed over! So how does such an exciting, highly anticipated moment become so stressful?
In celebration of Earth Day, teams from RPM offices in Washington and Oregon partnered with local charities to protect the planet and give back to the community. Team efforts were guided by the Reduce, Reuse, Recycle mantra, focusing on waste reduction and protection of natural resources. From this earth-friendly platform, the teams extended their outreach to benefit local community members in need.
Today is the day for ATR/QM and every lender’s head has been swimming with acronyms, ratios and percentages to get their people ready. To simplify matters (if that’s possible), the primary issues at hand are broken into three distinct categories:
The last five years we have been blessed with low interest rates spurred in large part by Quantitative Easing (the purchasing of US securities by the Fed in the open market). The Mortgage and Real Estate sectors as well as the American consumer have all been benefactors of this low rate environment, and played a part in contributing to the recovery in the US economy.
What do you look for in a mortgage company? Quality service? A real person to talk to? RPM Mortgage’s Loan Servicing Team is dedicated to the needs and requests of its borrowers. Since March 2010, RPM Mortgage, Inc. has reached nearly $3 billion in service retained loans. We proudly service close to half of our entire loan production including Fannie Mae, conventional, jumbo, and refinance loan products. With our recent offering of bi-weekly and semi-monthly payment options, borrowers now have the ability to choose a payment method that best serves their financial situation and real estate goals. Loan Servicing is available Monday through Friday answering phone calls and providing help with mortgage payment needs. As the year comes to an end with the goal of reaching $7 billion in total loan production, loan servicing and all of RPM’s dedicated teams are ready as always to help mortgage advisors, referral partners, and customers with a smiling face.
At RPM, we are committed to providing the best information and services to our clients. The government shutdown that began at midnight on October 1 has caused several government agencies that impact the loan process to come to a halt. As a result, some of our services have undergone temporary adjustments.