Sunday, January 26, 2014

Latest Notary projects. Sacramento, California.

Latest projects

Jannuary 27, 2014
Refinance Notary Public certified Signing Agent, signing in Sacramento, North Highlands.

Jannuary 26, 2014
Spanish English certified translation of birth certificate, Zacatecas, Mexico.

Apostille service, Spanish English translation, Sacramento Mobile Notary Public Signing Agent, loan signings, fingerprinting.

Wednesday, January 15, 2014

Loan Officers apps _ iPhone and Android

Technology is changing fast and with that professionals should take advantage of it.  An example of it in the mortgage industry you find SimpleNexus. They are ready to offer Mortgage applications for Loan Officers; yes, Android and iPhone apps.
It seems to be a great tool for the loan industry since loan specialist(other titles or related professionals: mortgage specialist, loan consultants, mortgage advisors, home loan consultants, loan administrator managers ...) can generate more leads, connect with Realtors, and stay compliant.
SimpleNexus customers collectively increased realtor connections by more than 300% in 2013. Mortgage Companies rate our customer service 9.8 out of 10.

A few features:

Mortgage Calculator

Your clients already have a calculator on their phone. Why do they need yours?

This calculator has been simplified to take the guesswork out of MI. Since APR is shown on every calculation, you are also covered on compliance!

Document Scanner

Partners can send REPC's or Addendums from the field. Clients can send 1003's, Bank Statements, Taxes, W2's and more. At any time, from anywhere.
Brightness, contrast, cropping,


Want to know who installed your app, and when they installed it? Would it be useful to know how many calculations a particular ad campaign generated?

Not only will we show you, we'll send you daily activity emails!

Q & A
Compliance - Do you show APR?
Yes. TILA Compliance requires APR to be shown on the results screen for every calculation. To enable it, just add your APR-related fees in your account settings.

Once enabled, APR will be displayed for every calculation. This includes upfront and monthly MI fees as long as they apply.
Compliance - Can I insert my own legal disclaimers?
Absolutely. This is completely configurable, and can be updated at any any time.
Compliance - Is the Equal Housing Logo displayed?
What phones do you support?
All iPhones and Android phones. Between the two systems, 97% of the U.S. market is covered.
How does my app get distributed?
When you sign up, you will get an installation link. Send that link to clients and associates. When they tap on it, they will be directed to either the App Store or Google Play depending on what kind of phone they have. Once they install and open the app, your info is automatically populated.
Do I have to hand out an "activation code"?
No. Distribute the app with your installation links, and we'll take care of the rest.
Can I track who is using my app?
Yes. We provide live analytics to give you up-to-date information on who is using your app and when. We'll also show you what calculations were performed, and the exact numbers from those calculations.
Do I actually get an app? Or is it a web page?
Both the Android and iOS versions of your app are real apps. Meaning they are fast, and are real apps that get installed on your phone.
Do you offer co-branding?
Not yet. But we are collecting data to see if this is something you would like to have, so please let us know.
Do my clients and realtors have to understand how MI works to get an accurate calculation?
Your clients and Realtors will see what MI will cost on the calculation results screen, but they don't need to worry about how the calculation is done, or what the current rates are.
Do my clients and realtors have to understand how MI works to use my app?
Nope. We keep up with the latest MI Rates and Guarantee fees for FHA, USDA, and VA loans. All of these calculations are handled in the background, so your clients and Realtors can see what MI will cost on each loan, but they don't need to worry about how the calculation is done, or what the current rate is.
How much branding does the Corporate Solution really offer for my company?
A completely themed app is released for your company in the App Store and Google Play, a custom icon is created, and the website is themed and branded so even your LO's will feel as though it's your internally built app when they log in to view their live analytics. Emails are customized to your company, and group management is available, so an administrator can add or remove LO's at their own convenience.
Can I pay for a year up front?
Sure. This is an option that you can select when signing up. If you sign up, and then would like to pay for a year, just reach out and we'll take care of it.
Can the calculator handle hazard insurance and taxes by a percentage?
Yes. This is completely configurable from your account settings.
Can I change my photo, address, and license information when I want?
No problem. Just log into your account, and update your settings. Shortly after, your app will reflect the changes.
I don't do Rural loans. Can I hide the USDA calculator so my clients aren't confused?
Yep. Just go to your account settings page, select the Rural Calculator, and flag it as hidden.
How long does it take to get my app after I sign up?
No more than 5 minutes.
Is there a limit to the number of people I can share the app with?
We place no limits on the number of people who can install your app.
How stable is your service?
We guarantee a 99.9% uptime, and have servers in the East, Mountain, and Pacific Timezones, to ensure if there were ever a disaster, it would have to shut down the entire country to slow you down.
Do you require a contract?
We offer the service on a month-to-month basis. If you are dissatisfied, you are free to stop anytime. We have chosen this model because it motivates us to continue making the best product possible.

Contracts are required for Corporate Accounts
What about their pricing?  Their are at 1192 Draper Parkway #254 Draper, UT 84020 
Call them: 1.855.MTG.APPS


Everbank news

In a couple of weeks EverBank will release its financial results for the fourth quarter and fiscal year ended December 31, 2013.  If you are interested you can get the conference information number to listen live on Jannuary 29, 2014.

 EverBank Financial Corp., through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered inJacksonville, Florida, EverBank has $17.6 billion in assets and $13.6 billion in deposits as of September 30, 2013. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses nationwide. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. 

EverBank will continue to offer interest-only jumbo loans to its affluent customers, despite the litigation risk that comes with originating loans that fall outside the qualified mortgage rule.



Top 5 Overlooked Issues in Estate Planning

Top 5 Overlooked Issues in Estate Planning

In planning your estate, you most likely have concerned yourself with “big picture” issues. Who inherits what? Do I need a living trust? However, there are numerous details that are often overlooked, and which can drastically impact the distribution of your estate to your intended beneficiaries. Listed below are some of the most common overlooked estate planning issues.
Liquid Cash: Is there enough available cash to cover the estate’s operating expenses until it is settled? The estate may have to pay attorneys’ fees, court costs, probate expenses, debts of the decedent, or living expenses for a surviving spouse or other dependents. Your estate plan should estimate the cash needs and ensure there are adequate cash resources to cover these expenses.
Tax Planning: Even if your estate is exempt from federal estate tax, there are other possible taxes that should be anticipated by your estate plan. There may be estate or death taxes at the state level. The estate may have to pay income taxes on investment income earned before the estate is settled. Income taxes can be paid out of the liquid assets held in the estate. Death taxes may be paid by the estate from the amount inherited by each beneficiary. 
Executor’s Access to Documents: The executor or estate administrator must be able to access the decedent’s important papers in order to locate assets and close up the decedent’s affairs. Also, creditors must be identified and paid before an estate can be settled. It is important to leave a notebook or other instructions listing significant assets, where they are located, identifying information such as serial numbers, account numbers or passwords. If the executor is not left with this information, it may require unnecessary expenditures of time and money to locate all of the assets. This notebook should also include a comprehensive list of creditors, to help the executor verify or refute any creditor claims.
Beneficiary Designations: Many assets can be transferred outside of a will or trust, by simply designating a beneficiary to receive the asset upon your death. Life insurance policies, annuities, retirement accounts, and motor vehicles are some of the assets that can be transferred directly to a beneficiary. To make these arrangements, submit a beneficiary designation form to the financial institution, retirement plan or motor vehicle department. Be sure to keep the beneficiary designations current, and provide instructions to the executor listing which assets are to be transferred in this manner.
Fund the Living Trust: Unfortunately, many people establish living trusts, but fail to fully implement them, thereby reducing or eliminating the trust’s potential benefits. To be subject to the trust, as opposed to the probate court, an asset’s ownership must be legally transferred into the trust. If legal title to homes, vehicles or financial accounts is not transferred into the trust, the trust is of no effect and the assets must be probated.

Sacramento Estate Planning - Asset Protection - Special Needs Planning - Elder Law - Living Trusts -
Probate and Estate Administration - Medi-Cal Planning - Wills and Trusts - Planning for Children


Thursday, January 9, 2014

Loans, feedback from consumers to improve the mortgage lending process

Home Loans

Now consumers, borrowers, will have a way to make suggestions to improve their loan closing experience. CFPB is working hard at finding ways to protect the public.
In its ongoing effort to protect consumers in the mortgage lending process, the Consumer Financial Protection Bureau is calling on the public to report their experiences and suggestions on how the loan closing process can be improved and how key consumer “pain points” associated with a closing might be remedied by market innovations and technology. Such technologies would include paperless processes and electronic signatures.
The CFPB announced on January 3 that it is seeking comments from industry professionals and other interested parties in order to test and study ways in which the closing process can be improved. In its announcement, the Bureau requested specific comments on 17 questions. Some of the questions are:
  • What are the common problems or issues consumers face at closings?
  • How long does the closing process take?
  • What are the common errors encountered at closings?
  • Do borrowers review loan forms beforehand?
  • Where and to whom do consumers turn for advice during closing? Whom do they typically trust?
The Federal Register provides and interesting checklist for borrowers as well as mortgage brokers, lenders, banks on what to report.

Buying a home is often a consumer's single largest financial purchase. According to the latest numbers from the National Association of Realtors, the median price of homes purchased in the United States is now $207,000. By comparison, the median household income is about $51,000, according to the Census Bureau. It is crucial that consumers consider the numbers carefully before making this potentially long-term commitment, and closing is often their last opportunity to do so.
However, closing can be stressful and confusing for consumers. The CFPB plans to conduct several initiatives in order to test and study various ways in which the closing process might be improved. This information will help inform those initiatives.
The Bureau encourages comments from the public, including:
  • Consumers;
  • Mortgage lenders and loan servicers;
  • Housing finance professionals;
  • Brokers and service providers in the residential real estate industry;
  • Real estate agents;
  • Housing attorneys;
  • Fair lending, civil rights, and consumer and community advocates;
  • Providers of financial and housing counseling;
  • Settlement closing agents; and
  • Other interested parties.
Some of the topics and questions to think about:

1. What are common problems or issues consumers face at closing? What parts of the closing process do consumers find confusing or overwhelming?
2. Are there specific parts of the closing process that borrowers find particularly helpful?
3. What do consumers remember about closing as related to the overall mortgage/home-buying process? What do consumers remember about closing?
4. How long does the closing process usually take? Do borrowers feel that the time at the closing table was an appropriate amount of time? Is it too long? Too short? Just right?
5. How empowered do consumers seem to feel at closing? Did they come to closing with questions? Did they review the forms beforehand? Did they know that they can request their documents in advance? Did they negotiate?Show citation box
6. What, if anything, have you found helps consumers understand the terms of the loan?
7. What are some common errors you have seen at closing? How are these errors detected, if at all? Tell us about errors that were detected after closing.
8. What changes, diverging from what was originally presented at closing, often surprise consumers at closing? How do consumers react to changes at closing?
9. How, if at all, do consumers typically seek advice during closing? In person? By phone? Online?
10. Where and to whom do consumers turn for advice during closing? Whom do they typically trust?
11. What documents do borrowers usually remember seeing? What documents they remember signing?
12. What documents do consumers find particularly confusing?
13. What resources do borrowers use to define unfamiliar terms of the loan?
14. What, if anything, would you change about the closing process to make it a better experience for consumers?
15. What questions should consumers ask at closing? What are the most important pieces of information/documents for them to review?
16. What is the single most important question a consumer should ask at closing?
17. What is the single most important thing a consumer should do before coming to the closing table?
Feedback is a great to be updated on what happens in the field. Hopefully, data will bring a good base to fine tune the process at different levels.
Ref. NNA | Federal Register