My New Blog

The industry is changing and providing TrueCompass the opportunity to create separation with the compettion.

The mortgage industry is changing rapidly and there is more uncertainty than ever. A majority of mortgage brokers and loan originators have found new industries and new careers. I find this to be extremely exciting. It has created a lot of opportunity for a few true mortgage professionals who remain in the industry and provide great service and a full range of products to their clients and referal partners.

For a long time, I have wanted to move back into mortgage banking and I have spend a lot of time researching and chasing the option of purchasing a federal bank, but I have changed my mind.....I now am completely convinced that is in the best interest of the professional loan originator to remain a broker. I believe that you can provide better rates, products, and service to your clients as a broker than you can as a banker or bank.

For Example: If you have a credit score of less than 640 most lenders will automatically reject YOU for a home loan....But we can help! We have a special program that is available to us, that the vast majority of lenders do not offer. This program allows some one with a credit score between 580-640 to buy a home with as little as 3.5% for a down payment. The interest rate is even very competitive. We can also do a refinance up to 85% of the value of the home and provide cash-out to the borrower, with this loan program.

Now this program could change at any time and without notice. The funny thing is that the program could change at any time and without notice even if we were a bank, the difference is that we wouldn't have any other options if we were not a broker.

We work with over 40 lenders. We have a wider range of products and services than the majority of our competition. We do FHA, VA, Homepath, 203k, Reverse Mortgage, Jumbo, HELOCs, Home Ownership Accelerator Loans, and various other mortgage programs. One of our core philosophies is that we believe  it is extremely important to provide the best products, programs, and services available in the marketplace to our clients and referral sources.

In the next 30-60 days we will be announcing a new type of mortgage banking scenario that will allow us to capitalize on the advanages of being a banker and of being broker.

We provide sales and product training to our employees and net branch affiliates. We work with all of or mortgage specialists to enable them to establish themselves as true professionals and to separate themselves from the competition.


Thank you,

Brian Pierce Jr 

http://www.linkedin.com/in/brianpierce

President/Co-Founder

TrueCompass Lending Corp.