Thursday, March 31, 2011

NOW HIRING: Experience Residential Mortgage Loan Officer


We are actively looking for experienced residential mortgage loan officers.  There are a lot of changes right now in the mortgage industry affecting loan officer pay.  Our compensation model is very good because we are a lender, independent and stable.

Dominion is poised to grow.  We actually have excess funding capacity.  Full in-house underwriting will be available soon – right here in Nazareth.

$100.00 (one hundred) will be paid to the person that refers us any loan officer that we hire. 

Thursday, March 3, 2011

USDA Implementation of Annual Fee and Decreased Upfront Fee

Single Family Housing Guaranteed Loan Program Implementation of Annual Fee and Decreased Upfront Fee Effective October 1, 2011

Implementation of an annual fee of 0.30 percent of the outstanding principal balance will allow the Agency to reduce the up-front guarantee fee. Therefore, effective October 1, 2011, the up-front guarantee fee for purchase transactions will decrease from 3.5% to 2% for purchase loans. The up-front guaranteed fee for refinance loans transactions will remain at 1%.