CashUp™ helps buyers get their offers accepted when competing with multiple offers and is a Powerful Tool for loan officers seeking to generate new agent relationships. This innovative program allows homebuyers to submit a cash offer and close quickly.
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“This is an industry that will allow you to succeed tremendously if you put people first.” “We have full confidence that Joe will write his part into the FOM story,” said Fobby Naghmi, National Sales Manager. To find out about opportunities in your market with FOM, please click here.ĬashUp™ by Evergreen is helping buyers get the home they love! (Available in select states.) Sellers love cash and homebuyers and real estate agents need a competitive advantage in today’s market.
“What attracted me to FOM is the culture and the trust management puts in its employees to do their jobs and the support provided to ensure that happens,” Tunk said. Before joining FOM he was SVP at a well-known depository bank where he developed one of the largest retail regions for the bank focused on the Midwest states. This week’s podcast is sponsored by Richey May, providing top-quality tax, audit, business advisory, and technology risk consulting & solutions.įirst Option Mortgage, a national residential mortgage lender, has tapped the mortgage expertise of Joe Tunk and named him regional manager. Tunk brings more than 25 years of experience in the mortgage industry to his new position. Lenders, especially non-bank lenders, need cash, and capital markets teams are trying to make a few basis points via specified pool pay ups, slicing and dicing packages, and passing that price improvement to the primary market. Price margin adjustments are constantly being done by capital markets teams, with companies renewing pushing some of that pressure to MLOs. Eventually tight margins will force some out. Profit margins continue to be under pressure, but in some segments are holding up. Rates continue to slide as everyone waits for the expected economic rebound to push them higher. As the pandemic winds down, those oddly colored cars aren’t what lenders are focused on. Per the personalized recording, they’ve been trying to reach me for quite some time! Returning to reality, but speaking of cars, has anyone noticed the number of oddly-colored cars on the roads increasing? Seems like Subaru and Toyota are leading the charge into unusual shades of blue, gray, green, and orange. I was on the phone dealing with my car’s extended warranty. Sorry the commentary was a little late today.
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