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Sunday, March 18th, 2012
Realtor closing gifts
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We have found one the best ways to secure more referral buisness is using Gray Goat Sweets and Savories. Sending these gifts to clients we have closed loans with and buyers agents we have worked with have resulted in more referral business than we could have imagined. Gray Goat Sweets and Savories packages the products and ships them for you. Check out Gray Goat Sweets and Savories at www.graygoatsweetssavories@gmail.com for more information and how to order closing gifts which will help you get more buisness.
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Posted by: Ask The Grays at 8:10am
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Friday, March 16th, 2012
Closing gifts
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We have had the best luck that you can only imagine. Using Gray Goat Sweets and Savories we have added 4-5 deals a month. We have Gray Goat Sweets and Savories send out gift baskets monthly to our closed clients and to the Realtors on the sell side.
Gray Goats Sweets and Savories has been a great addition to our team and our Realtor partners also use Gray Goat Sweets and Savories to send thank you baskets to their clients as well.
See them at www.GRAYGOATSWEETSSAVORIES.COM
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Posted by: Ask The Grays at 5:53am
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Wednesday, February 8th, 2012
Homestyle Renovation Loans
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Today's renovation tip of the day: Borrowers using Homepath or Homestyle financing are eligible for up to 10 financed properties. Minimum credit score for investment properties 5-10 is 720.
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Contact me today for more details.
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Jimmy Gray
Senior Loan Officer
Prospect Mortgage
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
Office: (760) 836-9228
Cell: (509) 990-3356
Fax: (760) 346-3042
jgray@prospectmtg.com
NMLS# 250157
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Equal Housing Lender. Prospect Mortgage, LLC, NMLS #3296. I am a licensed mortgage originator, NMLS# 250157, and am licensed to originate mortgage loans in the following state(s): California and Washington. To learn more, visit my Prospect Mortgage website at www.askthegrays.com.
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Posted by: Ask The Grays at 7:26pm
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Thursday, February 2nd, 2012
Location Location
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Don’t let a client buy the right house in the wrong location! The only thing that can’t be changed is location. But for everything else, from decorative painting to energy-efficient solar panels to a spacious new garage, there’s the magic of the FHA 203K Renovation Mortgage. Your buyer can turn a less-than-perfect house into a dream home (in the best spot) with the simplicity of a 203K loan.
Prospect Mortgage is one of the Nations leading FHA 203k lenders and we are the leader in the Coachella Valley, Palm Desert, Indian Wells and the Palm Springs areas.
Contact me today for more details.
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Jimmy Gray
Senior Loan Officer
Prospect Mortgage
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
Office: (760) 836-9228
Cell: (509) 990-3356
Fax: (760) 346-3042
jgray@prospectmtg.com
NMLS# 250157
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Equal Housing Lender. Prospect Mortgage, LLC, NMLS #3296. I am a licensed mortgage originator, NMLS# 250157, and am licensed to originate mortgage loans in the following state(s): California and Washington. To learn more, visit my Prospect Mortgage website at www.askthegrays.com.
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Posted by: Ask The Grays at 4:17pm
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Friday, December 23rd, 2011
Mortgage lending 101
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I am licensed to originate mortgage loans in the following state(s): CA
| To ensure continued receipt of this email, please add jgray@prospectmtg.com to your address book! |
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Jimmy Gray |
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Senior Loan Officer
Prospect Mortgage
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
Office: (760) 836-9228
Cell: (509) 990-3356
Fax: (760) 346-3042
jgray@prospectmtg.com
NMLS# 250157 |
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing! |
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Understanding the Lending Process
Once you've found the home you want and negotiated a price, it's time to get your loan. I'm a licensed Loan Officer who can guide you through the entire lending process — ensuring you get the right loan for your circumstances.
While you can expect to provide information about your employment history, credit, and financial assets and liabilities, the home-loan process may very well be the easiest part of purchasing a home.
Interest rates are among the lowest in history right now, but they are likely to increase in the months ahead. That's why you may want to consider a rate lock for your home loan. If you decide to let the rate float, you may have a rate that is higher or lower than the rate in effect on the date of your application.
Next is a property appraisal, which determines the fair market value of the home you are buying. Once your appraisal is received, you can begin shopping for homeowners' insurance (although, of course, you won't want to commit to an insurance purchase until after your loan is approved).
We ask that you sign and return all required disclosures and additional documentation to satisfy the loan conditions within 24 hours of receipt. This will help keep your loan review on schedule. Also keep in mind that you should not open any new lines of credit at this time.
Your final loan docs will be drawn when all underwriting conditions are met. At that time, you'll sign for settlement and escrow. As part of the settlement phase, Prospect will wire the loan funds to an escrow account or send a cashier's check to the closing agent (e.g., a title company, attorney, or escrow agent, depending upon the transaction state). Soon after, the property ownership transfers from the seller or the seller's lender to Prospect, and you can then schedule your move-in.
Please call me about any home financing questions, concerns, or needs you may have. I am here to help you.
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| Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker – New York State Department of Banking); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law. |
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| MetroPro Insurance Solutions, LLC is a licensed California insurance agency; CA #0D69289; AL #462810; AR #373119; AZ #200892; CO #365838; D.C. #2886319; DE #1023426; FL #W031685; GA #121765; HI #378863; ID #124010; IL #100334177; NE #399571; NJ #1290352; NM #100007191; NV #19867; OR #818773; SC #177855; TN #2016989; VT #719799; WA #715247; WI #3679. MetroPro Insurance Solutions, LLC, is a division of Prospect Mortgage, LLC, the company that is providing your mortgage services. Use of MetroPro Insurance Solutions, LLC may provide Prospect Mortgage, LLC with a financial or other benefit. You are not required to use MetroPro Insurance Solutions, LLC as a condition of settlement on the closing of your home. To offer a wide choice of insurance options to our customers, some policies may be written through our exclusive insurance provider, Pacific Way Insurance Services (CA #0G13603; AK #86477; AL #260722; AR #298705; AZ #966687; CO #268771; CT #002263648; DC #2834296; DE #1040421; FL #P096549; GA #761957; HI #337142; IA #7720664; ID #137380; IL #563550552; IN #492890; KS #7720664; KY #DOI-631402; LA #413070; MA #1825566; MD #NPI99951589; ME #PRN127033; MI #563550552; MN #40011233; MO #PR370367; MS #8300079; MT #672903; NC #7720664; ND #7720664; NE #AG338943; NH #2002484; NJ #1068588; NM #169355; NV #702529; NY #LA & PC-1023398; OH #704963; OK #188465; OR #698834; PA #460421; RI #2029686; SC #437811; SD #40128517; TN #955678; TX #1385761; UT #241606; VA #682360; VT #335821; WA #706252; WI #2479997; WV #522288; WY #198960). |
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| Your e-mail address has come to Prospect Mortgage via one of the following ways: your approved Prospect Mortgage customer status, business card from a trade show, Internet inquiry, phone inquiry or referral from a colleague or customer. |
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If you do not wish to receive additional information from Prospect Mortgage, please click here to unsubscribe. You will immediately be removed from receiving future messages and do not need to mark this message as Junk or Spam with your email provider.
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| Unauthorized reproduction of this email’s content is a violation of Federal Copyright Law. |
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Posted by: Ask The Grays at 8:43am
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Tuesday, December 6th, 2011
Economic update
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I am licensed to originate mortgage loans in the following state(s): CA, WA
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Lori Gray
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Loan Officer
Prospect Mortgage
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
Office: (760) 836-0648
Cell: (760) 218-0515
Fax: (877) 806-6030
Lori.Gray@prospectmtg.com
NMLS# 256641
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• Learn about home loans
• Use loan calculators
• Apply for a home loan
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing!
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Last Week in the News
New home sales rose 1.3% in October to a seasonally adjusted annual rate of 307,000 units from a revised rate of 303,000 units in September. Compared to a year ago, new home sales were up 8.9%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — fell 0.6% in September after a 0.1% increase in August. On a year-over-year basis, prices fell 3.6% compared with September 2010.
The consumer confidence index rose to 56 in November from 40.9 in October, the largest gain since April 2003. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
Pending home sales, a forward-looking indicator based on signed contracts, rose 10.4% in October after a 4.6% decrease in September. On a year-over-year basis, pending home sales are up 9.2%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity rose to 52.7 in November after a reading of 50.8 in October. A reading above 50 signals expansion. It was the 28th straight month of expansion.
Total construction spending rose 0.8% to $798.5 billion in October, following a 0.2% increase in September. Economists had anticipated an increase of 0.3% in October.
Initial claims for unemployment benefits rose by 6,000 to 402,000 for the week ending November 26. Continuing claims for the week ending November 19 rose by 35,000 to 3.7 million. The monthly unemployment rate fell to 8.6% in November from 9% in October.
Upcoming on the economic calendar are reports on factory orders on December 5 and wholesale trade on December 8.
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Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker - New York State Department of Banking); Operates as Prospect Mortgage, LLC of Delaware in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.
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MetroPro Insurance Solutions, LLC is a licensed California insurance agency; CA #0D69289; AL #462810; AR #373119; AZ #200892; CO #365838; D.C. #2886319; DE #1023426; FL #W031685; GA #121765; HI #378863; ID #124010; IL #100334177; NE #399571; NJ #1290352; NM #100007191; NV #19867; OR #818773; SC #177855; TN #2016989; VT #719799; WA #715247; WI #3679. MetroPro Insurance Solutions, LLC, is a division of Prospect Mortgage, LLC, the company that is providing your mortgage services. Use of MetroPro Insurance Solutions, LLC may provide Prospect Mortgage, LLC with a financial or other benefit. You are not required to use MetroPro Insurance Solutions, LLC as a condition of settlement on the closing of your home. To offer a wide choice of insurance options to our customers, some policies may be written through our exclusive insurance provider, Pacific Way Insurance Services (CA #0G13603; AK #86477; AL #260722; AR #298705; AZ #966687; CO #268771; CT #002263648; DC #2834296; DE #1040421; FL #P096549; GA #761957; HI #337142; IA #7720664; ID #137380; IL #563550552; IN #492890; KS #7720664; KY #DOI-631402; LA #413070; MA #1825566; MD #NPI99951589; ME #PRN127033; MI #563550552; MN #40011233; MO #PR370367; MS #8300079; MT #672903; NC #7720664; ND #7720664; NE #AG338943; NH #2002484; NJ #1068588; NM #169355; NV #702529; NY #LA & PC-1023398; OH #704963; OK #188465; OR #698834; PA #460421; RI #2029686; SC #437811; SD #40128517; TN #955678; TX #1385761; UT #241606; VA #682360; VT #335821; WA #706252; WI #2479997; WV #522288; WY #198960).
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Your e-mail address has come to Prospect Mortgage via one of the following ways: your approved Prospect Mortgage customer status, business card from a trade show, Internet inquiry, phone inquiry or referral from a colleague or customer.
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If you do not wish to receive additional information from Prospect Mortgage, please click here to unsubscribe. You will immediately be removed from receiving future messages and do not need to mark this message as Junk or Spam with your email provider.
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Unauthorized reproduction of this email’s content is a violation of Federal Copyright Law.
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Posted by: Ask The Grays at 6:07am
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Saturday, November 26th, 2011
We are Prospect Mortgage
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Prospect is one of the largest independent residential retail mortgage lenders in the United States. We are backed by Sterling Capital Partners, a leading private equity firm with approximately $4 billion of assets under management.
Headquartered in Sherman Oaks, CA, Prospect is a leading lender
offering a full range of quality home loans, including FHA & VA, Conventional, Jumbo and Super Jumbo, Renovation Loans and more. Prospect is also the preferred lender for more than 120,000 bank-owned properties nationwide.
In fact, as of October 2011, Prospect was:
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No. 2 in 203K Renovation Loan origination nationwide, according to HUD data.
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Top-five in Fannie Mae’s HomePath® retail REO loan origination nationwide, according to Fannie Mae.
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No. 7 in FHA loan origination nationwide, according to Mortgage Data Web.
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No.14 in purchase loan origination nationwide, according to Mortgage Data Web.
We are also the 14
th largest FHA purchase lender in the nation! For more information on working with a world-class lender right in your backyard, give me a call today. I can answer your clients’ questions and work on getting them pre-approved and ready for their home search.
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Posted by: Ask The Grays at 11:37am
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Thursday, November 17th, 2011
FHA 203k loans
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Buyers Save Money Upon Becoming a Home Owner
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The average home owner will spend between $10,000 to $15,000 in the first year of making improvements to their home, most of that money being applied to a credit card or coming from their hard-earned savings. The FHA 203K and HomePath® Renovation Loan Program alleviates that.
Contact me today for more details.
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HomePath is a registered trademark of Fannie Mae.
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Posted by: Ask The Grays at 6:08am
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Monday, October 10th, 2011
HomePath Renovation Mortgage
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We are an approved Fannie Mae HomePath® Renovation Mortgage lender who can help navigate clients through the home buying process. The HomePath® Renovation Mortgage is available for owner-occupied primary residences, second homes and investment properties.
Primary home buyers can put as little as 3% down and second home and investors as little as 10% down. Prospect Mortgage is one of the largest HomePath lenders in the US.
Give me a call today to learn more!
To view HomePath® properties eligible for a HomePath® Renovation Mortgage, go to
HomePath.com to search your local market area.
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Posted by: Ask The Grays at 8:11am
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Friday, May 6th, 2011
We Have Moved
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I am licensed to originate mortgage loans in the following state(s): CA, WA
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New Location. Same Exceptional Service!
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We have moved to a new location! But we're still the team you can count on for all home mortgage needs. The same professionalism, home financing advice and quality loan programs are still available to you.
In fact, Prospect is one of the largest independent residential retail mortgage lenders in the United States. We are a leading lender offering a full range of quality home loans, including FHA & VA, Conventional, Jumbo and Super Jumbo, 203K Renovation loans and more.
Come by to see us at our new office.
Lori Gray and Jimmy Gray
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
We want to thank you again for your business. We remain committed to serving your real estate financing needs, and those of your friends, family members and neighbors. Contact us any time by phone or email!
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. Learn about home loans
. Use loan calculators
. Apply for a home loan
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Lori Gray & Jimmy Gray
Loan Officer
Prospect Mortgage
NMLS# 256641/250157
74-900 Highway 111, Suite 112
Indian Wells, CA 92210
Office: (760) 836-0648
Cell: (760) 218-0515
Fax: (760) 346-3042
Lori.Gray@prospectmtg.com
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Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender License #100251; AZ Mortgage Banker License #BK0903027, #BK0909362, #BK0908046, #BK0908050, #BK0908056, BK#0908057, #BK0908058, #BK0908731, BK#0903112, BK#0903912, BK#0906650, BK#0906913; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage License e #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932415; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker-NYS Banking Department); Operates as Prospect Mortgage, LLC of Delaware in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #1740; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.
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Your e-mail address has come to Prospect Mortgage via one of the following ways: your approved Prospect Mortgage customer status, business card from a trade show, Internet inquiry, phone inquiry or referral from a colleague or customer.
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If you do not wish to receive additional information from Prospect Mortgage, please click here to unsubscribe. You will immediately be removed from receiving future messages and do not need to mark this message as Junk or Spam with your email provider.
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Posted by: Ask The Grays at 1:05pm
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Thursday, April 21st, 2011
Did you know?
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PROSPECT MORTGAGE is the largest Independent Mortgage company in the United States. We have a wide varity of programs in our platform. (The company I work for)
Our new 580 fico FHA program.
203k purchase/renovation loans. (Acts like a purchase and construction or remodel loan all in one)
Fannie Mae approved HomePath lender.
Are able to do loans on leased land, projects with litigation and condos.
Canadian program with a 50% LTV.
90% loan for jumbos up to 1 million. (rolling out soon)
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Posted by: Ask The Grays at 7:14pm
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