marketing software mortgage
Mortgage product numbers stable
The number of mortgage products available to intermediaries has remained stable
during February. This has been confirmed by data released today from Mortgage
Brain’s Monthly Product Analysis, which shows little movement in product
availability during February 2011.
Compared to the start of the month, the total number of mortgage products listed onits market leading sourcing system increased by 1.5% during February – an additional 151 products. Current figures (as of 7th March, 2011) now list a total of 9,895 available mortgage products
Despite witnessing little movement during the past month the 12 month analysis isstill showing an encouraging increase in product availability compared to this timelast year – up 103% from 4,876.
Fixed rate products continue to dominate the product type, accounting for almost6,000 of all available products. A 0.6% drop was seen during February – a withdrawal of 34 products – to bring the current total to 5,948.
Variable rate products also witnessed a slight drop (0.4%) during February, with current figures listing 1,106 products – down from 1,110 at the beginning of the month.Trackers, however, which remain the second most popular product type, fared better during February, climbing by 7% to represent 2,841 of all available products.
Mark Lofthouse, CEO of Mortgage Brain, comments, “We’re edging ever closer to the big 10,000 mark but with the last month showing little movement it looks like we’ll have to wait and see what improvements in product availability will be made during March and beyond.
”Long term analysis, however, shows that we’re well ahead and much better placed than we were this time 12 months ago. Steady as she goes for now though”
About Mortgage Brain
Mortgage Brain Limited is the most widely used and preferred provider of point-of-sale, compliance, mortgage sourcing and electronic trading products and services for mortgage intermediaries. Mortgage Brain offers technology driven sales process designed to support you and your business from initial client contact to completion and beyond.
Mortgage Brain’s system are completely integrated to provide a total solution, which is fast, accurate and reliable. With the Mortgage Brain suite of products, mortgage intermediaries can operate in complete confidence, adhering to TCF regulations and getting the best deals for their clients even quicker and simpler than ever before.
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Chartered Marketer
Mortgage-brain
About the Author
Grants/Aid for mortgage, etc.?
The day I returned from Maternity leave I lost my job as a software test engineer due to lack of work. It has been a week and I have been looking desperately for new work, but the market is so terrible right now. I was the bread winner in the family and now we don’t have enough money to pay our medical bills, mortgage, electric and gas, daycare, or even our car payment. Is there any government assistance out there? Our 6000 monthly net income has dropped to under 2000
No. The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.
Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.
For one, you have to write the grant application and the grant application is not a simple document – you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.
There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.
You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.
Even if you buy books on “how to get grants” or list that supposedly has information on grants — all of them are mere rehash of what CFDA has, albeit packaged differently.
Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs
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