Windows to Home Ownership
April 2015
Windows to Home Ownership 502 Deaderick Street Third Floor Nashville, TN 37243
Single Family Welcomes New Team Lindsay Hall Sr. Director of Single Family Programs
Phone: 615-815-2180 Fax: 615-564-2700 Toll-Free 1-800-228-8432
SINGLE FAMILY HELP LINE 615-815-2100
Stay connected to THDA!
In recognizing that the Great Choice loan program is one of many loan options in a lender’s wheel house, THDA wanted to make certain that our staff was providing the appropriate training opportunities to our lending partners, assisting them with challenging loan scenarios and keeping them abreast of changes to the program at all times. In order to do this most effectively THDA has added a team of Customer Service Account Managers whose specific duties are to be readily available in assisting our lenders by promoting the THDA Great Choice program. Who better to introduce this team and work with them in their efforts but Marvene Carey, THDA’s Single Family Loan Production Advisor. Please keep in mind these Managers are here to make your experience with the Great Choice Program seamless. They will be traveling to your offices to meet you, offering training opportunities for new and seasoned loan originators, helping you utilize THDA’s free marketing tools in order to increase your business, as well as encouraging new lenders in TN to become THDA approved Originating Agents. Continued on page 4
Marvene Carey Loan Production Advisor
Windows to Home Ownership Page 2
Monthly OA Rankings—April 30, 2015 Rank
Lender
# of Loans
Volume
1
MORTGAGE INVESTORS GROUP, INC
46
$ 4,840,227
2
PEOPLE’S HOME EQUITY
12
$ 1,374,373
3
FIRST COMMUNITY MORTGAGE
10
$ 1,308,453
4
MAGNA BANK
9
$
5
F & M BANK
8
$ 1,027,246
6
COMMUNITY MORTGAGE
8
$
7
CMG MORTGAGE
7
$ 1,113,596
8
MOVEMENT MORTGAGE
7
$
912,713
9
GUARANTY TRUST
6
$
778,819
10
CHURCHILL MORTGAGE
5
$
816,006
823,110
849,350
Our total application production for April was $25,884,127.
Year-to-Date OA Rankings through April 30, 2015 Rank
Lender
# of Loans
Volume
1
MORTGAGE INVESTORS GROUP, INC
127
$13,858,836
2
PEOPLE’S HOME EQUITY
55
$ 6,822,012
3
FIRST COMMUNITY MORTGAGE
40
$ 5,214,430
4
MOVEMENT MORTGAGE
23
$ 2,899,792
5
PINNACLE NATIONAL BANK
19
$ 2,604,924
6
SWBC MORTGAGE
19
$ 2,452,310
7
FIRSTBANK
19
$ 2,449,285
8
F & M BANK
18
$ 2,436,744
9
MAGNA BANK
18
$ 1,870,973
10
PRIME LENDING
15
$ 1,704,986
Our year-to-date total application production as of April 30, 2015 was $82,478,877.
Windows to Home Ownership Page 3
UNDERWRITING: After bankruptcy, credit must be re-established with 3 lines of credit and no late payments for 12 months. CLOSING: The second mortgage note for the Great Choice Plus has been updated due to an error on the previous version. Please start using the revised form. NAVIGATING NEW WEBSITE: All information for lending partners can be found by clicking “Business Partners” on the blue tabs at the top of the home page. From that point, you may choose your appropriate category: Lender, Servicer, Realtor, or HBEI. All information for prospective homebuyers can be found by clicking “Homebuyers” on the blue tabs at the top
of the home page. This should be helpful for your clients.
CONNECT TEAM NEWS Denise McBride Community Outreach Liaison—Middle Tennessee
On April 14, I had the pleasure of joining Jimmy D. Dugger, Vice President and REALTOR® with Crye-Leike Real Estate to share the Great Choice mortgage program at a workshop held in Mt. Pleasant at the South Central Tennessee Development District. The topic of the workshop was Fair Housing which included fair housing law, discrimination, the complaint process and the responsibility to enforce fair housing practices. The audience included community leaders composed of mayors, finance directors, city managers and senior accountants, who represented the counties of Coffee, Lawrence, Maury, Franklin, Perry, Wayne and Lewis. The participants were familiar with the Fair Housing Act, but like most complex issues remembering and understanding what is prohibited stimulated good productive conversation. The program gave me the opportunity to introduce THDA, its mission and to present the Great Choice mortgage program as a viable program choice for potential buyers. Several of the counties represented at the meeting were classified as targeted which means that a borrower who is not a first-time homebuyer may be eligible if they are buying in those special targeted areas. The audience was also made aware that mortgage applicants who had not resided in a home that they owned during the last 3 years, and veterans and their spouses are exempt from the first-time homebuyer requirement. Both sessions were well received and most importantly we were able to talk to people who can help us spread the good news about what we can offer a potential homeowner. It was also rewarding to have the opportunity to partner with Jimmy Dugger, a strong advocate for THDA as well as a member of our Housing Industry Advisory Board. Wow, it was a rewarding day.
Windows to Home Ownership Page 4
THDA Account Manager Team Continued from page 1
THDA’s Customer Service Account Managers bring with them years of mortgage lending experience and will be successful by helping you be successful. Meet the team: Ella Harris has over 34 year s of r etail and wholesale mor tgage lending experience in processing, underwriting, loan origination, operations management and secondary marketing. She has a passion to promote affordable housing options, having spent 12 years as a loan originator focusing on first time homebuyers. Ella may be reached at 615-815-2095 or [email protected].
Darrell Robertson br ings over 20 year s of sales and management exper ience in corporate America with a Fortune 500 company as well as the real estate and mortgage industries. His proven track record in business and leadership, along with an analytical solution focused service will be an asset to our lending partners. Darrell may be reached at 615-815-2077 or [email protected]. Toumie Stacy br ings a highly ener getic, pr ofessional and cr eative style to our team structure. Her career in the housing and finance industry includes over 12 years in portfolio management, underwriting, and customer service. Toumie joined THDA in 2014 as a Mortgage Specialist with the KMTH program. She may be reached at 615-815-2122 or [email protected].
Windows to Home Ownership Page 5
Star Rewards Update 18 Perfect Loan Submissions
Buddy Grady, Platinum Financial Funding 17 Perfect Loan Submissions
Frederica Maxwell, People’s Hom e Equity 14 Perfect Loan Submissions
Jaqee Williams, Nashville Habitat for Humanity Derek Ryder, M agna Bank
Top Honors Update THDA Top Loan Originators 12 Closed Loans: George Margrave, Mortgage Investors Group 11 Closed Loans:
Debbie Windisch, M ortgage Investors Group
10 Closed Loans:
Chris White, M ortgage Investors Group
THDA Top Selling Agents 8 Closed Loans: Tony James 4 Closed Loans:
David Balfour, Gwen Dowland, Lynn Harrison, Steve Jones, Shell Slagle
THDA Top Listing Agents 6 Closed Loans: Tony James THDA Top Builders 24 Closed Loans:
Ole South Properties
3 Closed Loans:
Regent Homes, Smithbilt Communities
Results for Star Rewards and Top Honors are based on accuracy of data submitted, for loans closed 10/1/14 to 4/30/15.
Windows to Home Ownership 502 Deaderick Street Third Floor Nashville, TN 37243
Single Family Welcomes New Team Lindsay Hall Sr. Director of Single Family Programs
Phone: 615-815-2180 Fax: 615-564-2700 Toll-Free 1-800-228-8432
SINGLE FAMILY HELP LINE 615-815-2100
Stay connected to THDA!
In recognizing that the Great Choice loan program is one of many loan options in a lender’s wheel house, THDA wanted to make certain that our staff was providing the appropriate training opportunities to our lending partners, assisting them with challenging loan scenarios and keeping them abreast of changes to the program at all times. In order to do this most effectively THDA has added a team of Customer Service Account Managers whose specific duties are to be readily available in assisting our lenders by promoting the THDA Great Choice program. Who better to introduce this team and work with them in their efforts but Marvene Carey, THDA’s Single Family Loan Production Advisor. Please keep in mind these Managers are here to make your experience with the Great Choice Program seamless. They will be traveling to your offices to meet you, offering training opportunities for new and seasoned loan originators, helping you utilize THDA’s free marketing tools in order to increase your business, as well as encouraging new lenders in TN to become THDA approved Originating Agents. Continued on page 4
Marvene Carey Loan Production Advisor
Windows to Home Ownership Page 2
Monthly OA Rankings—April 30, 2015 Rank
Lender
# of Loans
Volume
1
MORTGAGE INVESTORS GROUP, INC
46
$ 4,840,227
2
PEOPLE’S HOME EQUITY
12
$ 1,374,373
3
FIRST COMMUNITY MORTGAGE
10
$ 1,308,453
4
MAGNA BANK
9
$
5
F & M BANK
8
$ 1,027,246
6
COMMUNITY MORTGAGE
8
$
7
CMG MORTGAGE
7
$ 1,113,596
8
MOVEMENT MORTGAGE
7
$
912,713
9
GUARANTY TRUST
6
$
778,819
10
CHURCHILL MORTGAGE
5
$
816,006
823,110
849,350
Our total application production for April was $25,884,127.
Year-to-Date OA Rankings through April 30, 2015 Rank
Lender
# of Loans
Volume
1
MORTGAGE INVESTORS GROUP, INC
127
$13,858,836
2
PEOPLE’S HOME EQUITY
55
$ 6,822,012
3
FIRST COMMUNITY MORTGAGE
40
$ 5,214,430
4
MOVEMENT MORTGAGE
23
$ 2,899,792
5
PINNACLE NATIONAL BANK
19
$ 2,604,924
6
SWBC MORTGAGE
19
$ 2,452,310
7
FIRSTBANK
19
$ 2,449,285
8
F & M BANK
18
$ 2,436,744
9
MAGNA BANK
18
$ 1,870,973
10
PRIME LENDING
15
$ 1,704,986
Our year-to-date total application production as of April 30, 2015 was $82,478,877.
Windows to Home Ownership Page 3
UNDERWRITING: After bankruptcy, credit must be re-established with 3 lines of credit and no late payments for 12 months. CLOSING: The second mortgage note for the Great Choice Plus has been updated due to an error on the previous version. Please start using the revised form. NAVIGATING NEW WEBSITE: All information for lending partners can be found by clicking “Business Partners” on the blue tabs at the top of the home page. From that point, you may choose your appropriate category: Lender, Servicer, Realtor, or HBEI. All information for prospective homebuyers can be found by clicking “Homebuyers” on the blue tabs at the top
of the home page. This should be helpful for your clients.
CONNECT TEAM NEWS Denise McBride Community Outreach Liaison—Middle Tennessee
On April 14, I had the pleasure of joining Jimmy D. Dugger, Vice President and REALTOR® with Crye-Leike Real Estate to share the Great Choice mortgage program at a workshop held in Mt. Pleasant at the South Central Tennessee Development District. The topic of the workshop was Fair Housing which included fair housing law, discrimination, the complaint process and the responsibility to enforce fair housing practices. The audience included community leaders composed of mayors, finance directors, city managers and senior accountants, who represented the counties of Coffee, Lawrence, Maury, Franklin, Perry, Wayne and Lewis. The participants were familiar with the Fair Housing Act, but like most complex issues remembering and understanding what is prohibited stimulated good productive conversation. The program gave me the opportunity to introduce THDA, its mission and to present the Great Choice mortgage program as a viable program choice for potential buyers. Several of the counties represented at the meeting were classified as targeted which means that a borrower who is not a first-time homebuyer may be eligible if they are buying in those special targeted areas. The audience was also made aware that mortgage applicants who had not resided in a home that they owned during the last 3 years, and veterans and their spouses are exempt from the first-time homebuyer requirement. Both sessions were well received and most importantly we were able to talk to people who can help us spread the good news about what we can offer a potential homeowner. It was also rewarding to have the opportunity to partner with Jimmy Dugger, a strong advocate for THDA as well as a member of our Housing Industry Advisory Board. Wow, it was a rewarding day.
Windows to Home Ownership Page 4
THDA Account Manager Team Continued from page 1
THDA’s Customer Service Account Managers bring with them years of mortgage lending experience and will be successful by helping you be successful. Meet the team: Ella Harris has over 34 year s of r etail and wholesale mor tgage lending experience in processing, underwriting, loan origination, operations management and secondary marketing. She has a passion to promote affordable housing options, having spent 12 years as a loan originator focusing on first time homebuyers. Ella may be reached at 615-815-2095 or [email protected].
Darrell Robertson br ings over 20 year s of sales and management exper ience in corporate America with a Fortune 500 company as well as the real estate and mortgage industries. His proven track record in business and leadership, along with an analytical solution focused service will be an asset to our lending partners. Darrell may be reached at 615-815-2077 or [email protected]. Toumie Stacy br ings a highly ener getic, pr ofessional and cr eative style to our team structure. Her career in the housing and finance industry includes over 12 years in portfolio management, underwriting, and customer service. Toumie joined THDA in 2014 as a Mortgage Specialist with the KMTH program. She may be reached at 615-815-2122 or [email protected].
Windows to Home Ownership Page 5
Star Rewards Update 18 Perfect Loan Submissions
Buddy Grady, Platinum Financial Funding 17 Perfect Loan Submissions
Frederica Maxwell, People’s Hom e Equity 14 Perfect Loan Submissions
Jaqee Williams, Nashville Habitat for Humanity Derek Ryder, M agna Bank
Top Honors Update THDA Top Loan Originators 12 Closed Loans: George Margrave, Mortgage Investors Group 11 Closed Loans:
Debbie Windisch, M ortgage Investors Group
10 Closed Loans:
Chris White, M ortgage Investors Group
THDA Top Selling Agents 8 Closed Loans: Tony James 4 Closed Loans:
David Balfour, Gwen Dowland, Lynn Harrison, Steve Jones, Shell Slagle
THDA Top Listing Agents 6 Closed Loans: Tony James THDA Top Builders 24 Closed Loans:
Ole South Properties
3 Closed Loans:
Regent Homes, Smithbilt Communities
Results for Star Rewards and Top Honors are based on accuracy of data submitted, for loans closed 10/1/14 to 4/30/15.
