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IN THIS ISSUE...
· Mandatory Pricing Now Available >>
· Get Pricing >>
· HARP LTV Could Go Higher >>
· No Paws Left Behind >>
· MortgageDaily.Com >>
· New Marksman Video Tutorials >>
· Mortech's Doug: Off to Guatemala >>
Mandatory Pricing Now Available
Mandatory pricing is now available in Marksman for Bank of America, Citi Mortgagee and GMAC. Mortech users can select this pricing option on the ‘Delivery Type’ drop down box listed on the ‘Rates’ page. Marksman administrators can also choose to allow loan officers to only select the Best Effort pricing for the delivery type (loan officers will be viewing mandatory pricing under the best effort pricing selection). These new investors’ mandatory pricing options are available in addition to Freddie Mac and Fannie Mae mandatory pricing that has already been available on Marksman.
Get Pricing
 The Get Pricing link within Marksman has way more to offer than you might think. This 'Marksman Essentials' flyer will explain how you can send new government mandated GFE’s, compare five investors simultaneously and much more. Become more efficient at your job. Check out more of the tools built within this feature. Click here to read the flyer for a quick overview of this one of a kind feature.
HARP LTV Could Go Higher
MortgageOrb.com
Federal Housing Finance Agency Director James B. Lockhart hinted last week that loan-to-value (LTV) requirements of the refinancing arm of President Obama's Making Home Affordable plan may be increased. Currently, the plan allows refinances for mortgages with LTVs up to 105%. The regulator is "actively considering how to structure a program that makes sense over 105 percent," Lockhart said at a conference for real estate editors, according to a Bloomberg News report. Click here to read the full article.
No Paws Left Behind
 When homeowners go into foreclosure often times the ones who are left behind and forgotten are the household pets. Faced with a multitude of pressures and decisions, homeowners simply don’t know what to do with their pets. No Paws Left Behind, Inc. is a non-profit organization whose purpose is to bring awareness and find solutions for these foreclosure pets. Considering there is no immediate end of foreclosures in sight, No Paws Left Behind, Inc., is striving to help provide monetary assistance for pet deposits required by new landlords, help foreclosed families locate no-kill shelters for their pets and anything else necessary to help keep families together.
If you know of a family who is going into foreclosure and has pets, please inform them about this organization so these pets do not suffer. Or for more information on how to help or to make a tax deductible donation, please email cheryl@nopawsleftbehind.org, or visit nopawsleftbehind.org.
MortgageDaily.com
Founded in 1998 originally as a Web log, MortgageDaily.com has become a dominant online news publication for people in the mortgage industry. In addition to insightful analysis, articles about important organizations and stories about mortgage executives, mortgage brokers and other individuals associated with real estate finance are published daily.
MortgageDaily.com provides news specifically for mortgage professional. News is categorized by main mortgage news, subprime news, conventional news, government news and commercial mortgage news. In addition, each category includes a technology subcategory. Start reading this highly targeted publication now. Click here to subscribe.
 New Marksman Video Tutorials
New to Marksman and want an explanation on how to use the system? Or maybe you need to find out how to manage your pipeline better. Either way, you can now view several of the Marksman video tutorials which have been separated into different categories for your convenience: Getting Started, Get Pricing, Search Products, Manage Prospects and Staying Informed. Watch them all or one at time. Simply go to the 'Help' page in Marksman and click on the video you’d like to watch.
Mortech's Doug: Off to Guatemala
Mortech’s own Doug Foral is moving to Guatemala! Actually, he’s not really moving there but he’ll be in Guatemala for two weeks on an adult church mission trip partnered with Students International. On the mission Doug will take part in building a Community Center in the rural town of El Gorrión (a community of residents displaced by Hurricane Mitch). Over 75% of the labor will be built with student and adult volunteers from the United States. One third of the funds have been raised and the project is underway.
 Feel free to check out this link to a video of the project (Community Center Video). If you would like to contribute towards this, 100% of your tax deductible donation goes towards materials to build the community center through Students International. Kudos to Doug for ‘sweating’ it out for a really great cause.
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PMI Guidelines Explanation: Wondering why your loan scenario isn’t eligible according to PMI guidelines? Now Marksman will give you an explanation why the scenario isn’t passing PMI guidelines. When the ineligible pop-up box displays, it will now show details why the scenario is ineligible according to each particular PMI company(s) you have selected. For more complete explanations, you can also access each PMI company's full guidelines.
· Mortech Website >>
· 2-Minute Marksman Demo >>
· Marksman Brochure >>
· Mortech Newsroom >>
· Contact Us >>
... Independence Day commemorates the formal adoption of the Declaration of Independence on July 4, 1776. However, it was not declared a legal holiday until 1941.
| Employee Profile |
RYAN RATHE
THE Customer Support Master
Ryan Rathe is one of the few “lucky” Mortech employees who had the “privilege” to grow up right next door to the founders of Mortech, Don and Judy Kracl. Ryan’s brother Jared worked in sales and the customer support department at Mortech before his older brother Ryan came on board.
Like several of the Mortech employees, Ryan started out as a customer support intern for the company. However, unique to Ryan is that he really took a leadership role in shaping the quality of performance in the customer support department. His meticulous nature and attention to detail has developed and grown Mortech’s customer support department since Ryan’s coming on board in 2004. Not only does he act as a teacher to incoming customer support employees, he also consistently ensures the integrity of the data on all Mortech’s products. Whether he is training new staff members, incorporating industry changes into Mortech’s products, or streamlining and improving daily internal processes, Ryan’s ability to juggle a multitude of responsibilities is obvious.
Born and raised in Lincoln, Nebraska Ryan is often called by his last name Rathe. This is to distinguish him from the ‘other Ryan’ in the office. Rathe is also known for his ‘Ratheisms.’ A Ratheism consists of a quirky (sometimes a bit cheesy) joke that Rathe invents himself. Nevertheless, his fun loving and witty sense of humor is really contagious around the office. In addition to creating corny jokes, Ryan enjoys spending time with his kindergartener, Nathanial.
Each month Mortech profiles a different employee in our monthly newsletters. The profiles are intended for our customers to know the individual on the other end of the phone or the ones working behind the scenes. |
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