🚨🏠 Real Estate Agents: Top Warning Signs of a Mortgage Scam! ☠️💡 It's crucial for real estate agents to recognize and avoid mortgage scams to protect themselves and their clients. 👩💼 With 20+ years of experience in the mortgage industry, I've seen it all. Here are some common red flags you don't want to ignore! 🚩 1️⃣ Unrealistic promises 🔮 - "Guaranteed" approval or unbelievably low-interest rates should raise suspicion 🧐 2️⃣ Upfront fees 💸 - Legitimate lenders and brokers typically don't require significant fees before any work is performed 🚫 3️⃣ Poor communication 📞 - Unresponsiveness, evasiveness, or reluctance to answer questions signals potential fraud 🕵️♂️ 4️⃣ Unclear or missing documentation 📄 - Insist on complete contracts, disclosure statements, and documentation for every transaction 📝 5️⃣ High-pressure tactics ⏰ - Steer clear of lenders who aggressively push their "limited-time" offers or demand immediate decisions 🚨 To protect yourself and your clients from scams, partner with reputable lenders and mortgage brokers like myself. Trust your instincts and conduct due diligence! ⚠️🔍 For more helpful insights, follow me on LinkedIn and Instagram @RIGHTAWAYLENDING. Let's ensure a safe and smooth home buying journey together! 🏠🔒 #realestateagents #mortgagescams #warning signs #homebuyingprocess #realestateindustry #rightawaylending
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Mortgage Banker and Branch Manager, NMLS# 302692........................ Dad, Rotarian, Board Member at OC-WH.org, Leadership Team at Christ Memorial Lutheran Church
This is what wire fraud looks like: 1) Misspelled words 2) Bad grammar 3) Changing wire instructions Literally THANK GOD the client was on his toes and caught these issues. Normally, he would "see task, do task", he would just scan the email and follow the instructions. However, his Realtor, title rep, and mortgage banker told him to watch for fraud. Because he was diligent, his family is in a new home this month. #realtor #homebuyer #mortgage #welovetoughloans
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Planning to buy a 🏡home? It’s time to get your credit score in order. Make sure to avoid these common mistakes: ❌ Ignoring your credit report. Check your credit report to make sure there aren’t any errors or signs of identity theft. ❌ Closing accounts. Doing so can bring down the average age of your credit, which impacts your score. ❌ Paying the minimum due. This can drive up your credit utilization rate, which is the amount of available credit you’re using. ❌ Making late payments. Set up automatic payments to avoid this risk entirely. Wondering if your credit score is high enough to secure a mortgage? Reach out for a referral to a mortgage professional who can help you find out. 📲 281-989-6934 📧 Info@DiamondHomes.com #homebuyertips #mortgagetips #creditscore #DiamondHomes #DiamondHomesRealty #RealEstate #RealEstateAgent #Investment #HomeSearch #HousesForSale #HomesForSale #Properties #DreamHome #JustListed #ComingSoon #BuyingAHouse #SellingAHouse #Realtor #BestRealtorNearMe #BestRealEstateAgentNearMe #TheWoodlandsBestRealtor #BestRealtorInTheWoodlands #BestRealtorInSpringTX #BestRealtorInImperialOaks #BestRealtorInFallsAtImperialOaks #BestRealtorInHarmony #BestRealtorInMeadowsAtImperialOaks #BestRealtorInAldenBridge #BestRealtorInBendersLanding #BestRealtorInCochransCrossing #BestRealtorInSpringTrails #BestRealtorInGrogansMill
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Mortgage Broker specializing VA & Reverse Mortgage Loans / Veteran and sponsor of Heroes Home Advantage / NMLS #1929207 Licensed In ID & TX / Equal Housing Lender
🚨 Home Buyers Alert! 🚨 Are you diving into the exciting journey of buying a home, only to be overwhelmed by an avalanche of unsolicited loan offers? 🏠💼 Let's talk about the hidden side of mortgage applications: Trigger Leads. Trigger leads can turn your dream of homeownership into a stress-filled nightmare. But fear not! Our latest video unravels the mystery of trigger leads in the mortgage industry, offering you the knowledge to shield yourself from unwanted solicitations. 🛡️📵 👉 What you'll discover: The ins and outs of how applying for a mortgage can lead to a flood of calls, texts, and emails. The risks of being misled by these offers and how they can even expose you to identity theft. Real stories from individuals who've been on the receiving end of this relentless outreach. Most importantly, we walk you through the steps to opt out and keep your home buying journey truly yours. Don't let trigger leads sidetrack your homeownership dreams. Take control and empower your journey with the right knowledge. 💪🏡 📌 For more insights and guidance, make sure to subscribe to our channel. Stay informed and empower your journey with knowledge. #HomeBuying #MortgageTips #TriggerLeads #ProtectYourPrivacy #EmpowerYourJourney #HomeOwnershipDreams #succeedingwithjohn #mortgage
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Planning to buy a home? It’s time to get your credit score in order. Make sure to avoid these common mistakes: ❌ Ignoring your credit report. Check your credit report to make sure there aren’t any errors or signs of identity theft. ❌ Closing accounts. Doing so can bring down the average age of your credit, which impacts your score. ❌ Paying the minimum due. This can drive up your credit utilization rate, which is the amount of available credit you’re using. ❌ Making late payments. Set up automatic payments to avoid this risk entirely. Wondering if your credit score is high enough to secure a mortgage? Reach out for a referral to a mortgage professional who can help you find out. 📲 843-683-9083 📧 BuyCoastalSC@gmail.com #mortgagetips #creditscore #realestate #realestateagent #realestatetips #homesellertips #homesellerresource #homesellers #movingtips #movingforward #sellersagent #buycoastalsc #julianneclark #lowcountry #beaufortsc #beaufortrealestate #realtorlife #lovewhereyoulive #lowcountryrealestate #lowcountrylife #SRES #ABR #homebuyertips #homebuyer #buyersagent #makememove #southernlife #retiresouth #bftseaislands #southerncharm #lowcountrydream
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I help Real Estate and Mortgage professionals leverage digital marketing to become known and attract your ideal clients. | Podcast: MortgageMarketingRadio.com | Book: GetDisruptOrDie.com
🐢 How long does it that the "average" Mortgage Originator to get a referral from an agent they don't know? @RickSalerno got two referrals (now pre-approved) within one hour of teaching his class to agents. 🚀 It all comes down to connection, value and trust. ✌🏼 🔑 When you stop selling and start helping, resistance is lowered and conversations lead to contracts. Way to go Rick! 👏👏 . . . #mortgageadvisor #mortgageadvisers #mortgageadvisors #mortgagebanker
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🚨 Beware of Mortgage Fraud! 🚨 As a trusted mortgage agent, it's important to protect yourself and your finances. Here are some key tips to avoid mortgage fraud: Verify Information: Always check the credentials of your mortgage broker or agent. Be Skeptical: If an offer seems too good to be true, it probably is. Protect Your Information: Never share personal details with unverified sources. Review Documents: Carefully read and understand all documents before signing. Stay informed and vigilant to protect your home-buying journey. If you have any questions or need assistance, I'm here to help! Harjit Bhatti Mortgage Agent 647-588-7061 #MortgageFraud #HomeBuying #StaySafe #YourCompany
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Mortgage Fraud Drops – But Fla. Still a Top State Contact me to discuss the latest scoop in real estate! #tonyknowsrealestate #housingmarket #realestateagent #Listingagent #buyersagent #realestatetips #realestategoals #homebuyer #realestate #realestateinvesting
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Wire fraud scams surrounding mortgage closings are on the rise. Because large sums are transferred during the closing, it’s an opportune time for thieves to strike. Typically, the scam involves fraudulent “updated” wire transfer instructions emailed to buyers just prior to closing. Here are some tips to protect yourself and your money when purchasing a home. #fraudprevention #wirefraud #homebuyertips #titlecompany #mortgagetips #mortgage #coloradohomebuyers #mortgagelending #mortgagelender #mortgagespecialist #homebuyer #homebuying #homeownership #MikeRothMortgageSolutions
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Professional Real Estate Agent - Encore Realty Services, Inc. ♦ Relocation and Second Home Expert ♦ Philanthropist ► I Make Things Happen
Planning to buy a home? It’s time to get your credit score in order. Make sure to avoid these common mistakes: ❌ Ignoring your credit report. Check your credit report to make sure there aren’t any errors or signs of identity theft. ❌ Closing accounts. Doing so can bring down the average age of your credit, which impacts your score. ❌ Paying the minimum due. This can drive up your credit utilization rate, which is the amount of available credit you’re using. ❌ Making late payments. Set up automatic payments to avoid this risk entirely. Wondering if your credit score is high enough to secure a mortgage? Reach out for a referral to a mortgage professional who can help you find out. Aixa Landron, PA Fatherson Realty, Inc. 📱(561) 346-1231 ✉ aixa@fathersonrealty.com #realestate #realestateagent #homebuyertips #mortgagetips #creditscore #naplesfl #naplesrealtor #buyersagent #firsttimebuyers
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Dear Mortgage Industry, I already warned originators about these 'bribes' companies have to pay to steal your entire database/manipulate you (which is crazy the stuff you're all signing) and hide it as a 'bonus' in recruiting efforts. The best places to work don't have to manipulate you with money or steal your database and you must instead seek them. Remember, you have control as the originator if you don't give that control to any retail or wholesale lender EVER. Also, those who are being recruited into the Wholesale/Broker space. WARNING! There are a lot of scammers out there who are NOT brokers and ten times worse than where you're coming from (like those using "Brokers are Better"). Do not come into this channel without using significant caution and whatever State(s) you're in.... never listen to any wholesale lenders/fraud brokers and do your independent research by meeting with long-time vetted true Independent Mortgage Brokers (small businesses serving their local communities). Even if they are not in your area, many of us are happy to help. Too many are now at risk for their employer's violations of Federal laws. The next 6 months are going to bring significant change- just be on the right side of it. So many are finally seeing they have been on the wrong side of it for the last several years and waking up. #Mortgage #Future #TrueBrokers #Ethics #Morals #Integrity
The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses
wsj.com
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