AbilityBlog.com

We Are Expanding Our Operations Team

Lendability.com is seeking individuals with a strong background in mortgage processing and fulfillment to work in our Phoenix/Tempe, AZ corporate office. Candidates must have worked in the mortgage industry and have a proven track record of success. Our team is professional, ethical, motivated, and emphasizes first-class customer service to all our clients and affiliates.

Job Duties Include:
• Convert pipeline of 25-40 loans to funding
• Management of pipeline to ensure high close rate on all mortgage applications
• Consistent communication with borrowers, lenders, and title companies

Knowledge, Skills, and Abilities:
• 2+ years of mortgage broker/processor experience working with multiple lenders
• Knowledge of Fannie Mae underwriting guidelines and eligibility requirements
• Knowledge of FHA, VA, Conventional, Jumbo, Super Jumbo, and Home Equity
• Experience in managing a pipeline of 35+ loans
• Must be self-motivated and have the ability to work 40 hours per week
• Strong customer service background is REQUIRED
• Ability to communicate effectively in writing and verbally with customers and affiliates

Compensation range is $35K+ annually DOE. Candidates must have verifiable previous work history and income for consideration of employment. Please email a current resume and salary history along with a brief cover letter detailing your abilities to staffing@lendability.com.

October Spike in Existing Home Sales

More good news hit the wires this morning!

CNBC is reporting that existing home sales reached a record high in October, topping off at 10.1 percent, which amounts to an annual rate of 6.10 million units. Up from a 5.54 million-unit pace in September of this year, the National Association of Realtors reported this surge to be the highest since February 2007.Industry experts are attributing this jump in sales to buyers taking advantage of historically low mortgage rates and the home buyer tax credits.

Analysts were expecting to see a more modest increase in October sales, with a 5.70 million-unit pace up from the formerly reported 5.57 million-unit pace in September. The October sales increased by 23.5 percent compared to October 2008.

In October, all four regions of the U.S. saw an increase in sales. Single-family home sales rose 9.7 percent to an annual rate of 5.33 million units. Condominiums and co-op sales increased 13.2 percent, totaling an annual rate of 770,000 units.

The existing homes for sale inventory fell to 3.57 million units in October, a 3.7 percent decrease from September 2009. The National Association of Realtors reported that the sales pace for October represents a significantly low supply of 7.0 months, compared to September’s supply of 8.0 months.

Click here to view the CNBC article.