Remind your clients that when BIG things happen in their lives, we may be able to put their mortgage to work.  PRM, Your Solution Based Lender

Avoid Property Pitfalls in Underwriting Once your client has been pre-approved with PRM, make sure the property has the same guarantee. Ensure a smooth closing by avoiding last minute property pitfalls in underwriting. Here are a few helpful hints to add to … Continue reading →

Expand Your Market for Rural Properties with Acreage Do you have buyers dreaming of owning their own hobby farm? Or rural listings with interested buyers, but few financing options? PRM’s exclusive Country Home Mortgage features expanded financing guidelines for rural properties … Continue reading →

Life Doesn’t Always Go As Planned At Pacific Residential Mortgage, we recognize that many of our friends, neighbors and customers have had life events that have led to bankruptcy, short sale and even foreclosure.   We realize that bad things can … Continue reading →

A new crop of homebuyers are getting married, having children and buying their first homes. Generation Y has their own way of doing things, and getting their attention takes more than traditional advertising efforts. Born between 1980-2000, Generation Y has been hit … Continue reading →

The Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac recently announced an extension to the Home Affordable Refinance Program (HARP) in order to assist more eligible borrowers who may benefit from refinancing their mortgage loan. HARP was set to expire … Continue reading →

Allow Ample Time for Processing During Tax Season During the housing boom, lenders rarely required borrowers to provide copies of their federal tax returns. Now, as they did prior to bubble, lenders require tax returns for the past two years including all schedules … Continue reading →

What Investors Want in Your Client’s Credit Report A borrower’s mortgage credit report is ordered at application to determine a client’s purchasing power and is only good for 90 days. What the client does after that report is received can be more beneficial … Continue reading →

FHA Increasing MI Premiums April 1, 2013 For case numbers assigned on or after April 1, 2013, FHA will increases its annual mortgage insurance premium by 10 basis points or 0.10 percent for most loan amounts. Increases in mortgage insurance premiums might affect the affordability of … Continue reading →

Oregon Business Magazine has named Pacific Residential Mortgage as one of Oregon’s 100 Best Companies for 2013. This is the 2nd year in a row Pacific Residential Mortgage ranked under the Large Companies category. This year, out of 273 employers … Continue reading →