Meet Your Team!

Meet Your Team!!



· Linda Davidson is the Loan Officer and Team Manager. She handles referring partners and clients daily questions as well as pre-qualifications, applications and reviewing the strategy of the loan structure. Linda is also an FHA underwriter and is passionate about training, learning and being the best every day!



· J ennifer Aleman assists Linda upfront in pre-qualifications, applications and reviewing the strategy of the loan structure and is also the specialist in the team for First Time Home Buyer programs. She loves working with buyers and referral partners, is an SMU graduate and holds her FHA underwriting designation .



· Candy Moye sets up all files (i.e., ordering appraisal, title work, verifications, etc, etc) and manages the flow to make certain we are on track so that each and every deadline is met (this cuts down the stress level for sure and keeps us on task). Candy also has her FHA underwriting designation.



· Paola (pronounced Paula) Niglio is our team’s processor and is committed to our goal of Never Closing Late or Ugly (she also works magic behind the scenes!). Paola holds her FHA underwriting designation and is excellent in what she does.





· Amanda Campbell is our Team Assistant and is the friendly voice that you hear when you call in. She helps with scheduling prequalifications and loan applications with Jennifer and Linda as well as assists Linda in marketing duties.





· David White runs our Reverse Mortgage Division. He is also Linda’s father and we love having him part of the team!

Foreclosure Freeze

More updates on the Foreclosure Freeze (Source: Rob Chrisman)

Aren't you glad that you don't head up the servicing division of a large bank who has not published a moratorium? How many times do you think they're asked by the CEO, "Are you sure everything's fine?" The latest news comes from Washington DC, where President Barack Obama vetoed a foreclosure-related bill, thus making it make it more difficult for banks to complete paperwork and speed the foreclosure process, and could give homeowners more time to rework loans. And news broke last Friday that Bank of America would immediately halt foreclosure sales in all 50 states, a development that for the first time impacts California (CA has a nonjudicial foreclosure process). Other large servicers have frozen foreclosures "only" in the 23 states that have a "judicial foreclosure'' process, citing concerns about how legal documents were processed. And in Houston, Litton Loan Servicing, owned by Goldman Sachs, halted some foreclosures and evictions so it can review its process for handling foreclosures.

One reader wrote, "The borrowers were either making their payments or they weren't. What difference does a form, or a signature, make?" (One could answer that it makes a difference whether or not the bank actually owns the mortgage!) What if there was a nationwide freeze on foreclosure sales and new evictions by all servicers? Most believe that this only delays the inevitable sale of these foreclosed properties, giving the press and the markets something to talk about in the mean time. Whether the servicers clear this up in a few weeks, or a few months, ultimately these foreclosed properties will hit the market some six to twelve months from now and further add to the inventory of unsold homes.