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 Prospect Mortgage. Will they survive 2010? View next topic
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Chicagoguy
Dud?


Joined: 18 Dec 2011
Posts: 8
Location: Chicago

Prospect Mortgage LLC
PostPosted: Mon Dec 19, 2011 2:28 am Reply with quoteBack to top

Deleted


Last edited by Chicagoguy on Mon Jul 09, 2012 6:45 pm; edited 1 time in total
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ChicagoMTG
Dud?


Joined: 17 Dec 2011
Posts: 15
Location: Chicago, Il

Prospect mtg
PostPosted: Mon Dec 19, 2011 3:09 am Reply with quoteBack to top

I'm not sure about diamond club LOs leaving the company. All I know is it's a good fit for me.


Last edited by ChicagoMTG on Thu Apr 05, 2012 1:45 am; edited 2 times in total
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Chicagoguy
Dud?


Joined: 18 Dec 2011
Posts: 8
Location: Chicago

Prospect
PostPosted: Mon Dec 19, 2011 4:02 am Reply with quoteBack to top

deleted


Last edited by Chicagoguy on Mon Jul 09, 2012 7:30 pm; edited 2 times in total
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ChicagoMTG
Dud?


Joined: 17 Dec 2011
Posts: 15
Location: Chicago, Il

Prospect
PostPosted: Mon Dec 19, 2011 5:22 am Reply with quoteBack to top

I did get the notice.


Last edited by ChicagoMTG on Thu Apr 05, 2012 1:35 am; edited 1 time in total
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MakingIt
Nitroglycerin


Joined: 04 Dec 2007
Posts: 629

Re: Prospect
PostPosted: Wed Dec 21, 2011 8:47 pm Reply with quoteBack to top

ChicagoMTG wrote:
For what it's worth, prospect has announced a correspondent channel. I don't think they would take on this channel if they weren't well capitalized and prepared to grow.


You mean they're doing wholesale to TPO ? or they're giving warehouse credit to smaller lenders ??
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ChicagoMTG
Dud?


Joined: 17 Dec 2011
Posts: 15
Location: Chicago, Il

Prospect
PostPosted: Wed Dec 21, 2011 11:32 pm Reply with quoteBack to top

I'm not sure to what extent prospect will be in correspondent lending (its above my pay grade). They have a servicing portfolio now that they are looking to grow.
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Allen
Dyn-o-mite!


Joined: 23 Dec 2007
Posts: 221
Location: Florida Region

Re: Prospect Mortgage. Will they survive 2010?
PostPosted: Thu Dec 22, 2011 6:22 pm Reply with quoteBack to top

ChicagoMTG is their portfolio in conventional loans, they only have slightly over 500 FHA loans in portfolio

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Allen Middleman
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Freedom Mortgage
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ChicagoMTG
Dud?


Joined: 17 Dec 2011
Posts: 15
Location: Chicago, Il

Prospect LLC
PostPosted: Fri Dec 23, 2011 3:16 am Reply with quoteBack to top

I'm not sure what is in the portfolio.


Last edited by ChicagoMTG on Thu Apr 05, 2012 1:35 am; edited 1 time in total
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Krav1212
Dud?


Joined: 13 Jan 2010
Posts: 2

Prospect
PostPosted: Fri Dec 23, 2011 6:40 pm Reply with quoteBack to top

If Prospect has 500 FHA loans in their servicing portfolio I seriously doubt they are there by choice.
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ChicagoMTG
Dud?


Joined: 17 Dec 2011
Posts: 15
Location: Chicago, Il

Prospect
PostPosted: Sat Dec 24, 2011 5:09 pm Reply with quoteBack to top

Considering we have an FHA retained product to 580, and a product matrix to back, the servicing is "planned".


Last edited by ChicagoMTG on Thu Apr 05, 2012 1:37 am; edited 1 time in total
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