NFM Lending Archives

LINTHICUM, MD, June 18, 2015 — The Consumer Financial Protection Bureau (CFPB) announced Wednesday, June 17, 2015, that implementation of the new TILA-RESPA Integrated Disclosures (TRID), which will replace the Good Faith Estimate, the HUD-1, and the Truth in Lending Statement, may be delayed from August 1 until October 1, 2015.

Richard Cordray, Director of the CFPB, said that the delayed deadline was implemented to correct an administrative error. Cordray’s full statement, published on the CFPB website, is below:

“The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

NFM Lending will continue to prepare its employees and clients for TRID. For more information about what NFM Lending is doing to prepare for these important changes, visit www.nfmlending.com/ready-for-TRID.

NFM Lending is a mortgage lending company currently licensed in 29 states across the United States. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to their customers and their community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender.”

When you are ready to purchase your new home or refinance your current one, you will be given a series of documents you need to sign at settlement. Understanding what you are signing is important and it will help ensure that you are making the correct decision. Three important documents to review and understand are the Deed, the Note, and the Deed of Trust.

The Deed

The Deed is a legal document which gives rights to something. In real estate, a Deed transfers title of ownership and gives the new owner the rights to use the property. Click here to find out more about Deeds and the different types there are.

The Note

The Note (or Promissory Note) is a contract where a party makes a promise to pay a sum of money to another party under specific terms. In real estate, the Note is the legal document that binds the borrower to repay a mortgage loan. This agreement will contain important loan specification, such as the loan amount, interest rate, due dates, late charges, and the terms of the mortgage.

The Deed of Trust

The Deed of Trust (or Mortgage or Security Instrument) is a legal document that grants the lender the rights to take the property if the borrower goes into default and does not pay under the terms of the Note. The lender holds title to the property until the borrower has repaid the debt in full.

The Differences

If you are ready to purchase a home or refinance your own, contact one of our licensed Mortgage Loan Originators today to get started!

The Consumer Financial Protection Bureau (CFPB) issued a statement on Wednesday, June 3, 2015, stating that its enforcement of the TILA-RESPA INTEGRATED DISCLOSURES (“TRID”) will be sensitive to mortgage lenders making a good faith effort to enforce the new rule. Richard Cordray, Director of the CFPB, addressed the statement to Senators Joe Donnelly and Tim Scott, and recognized that the implementation of TRID will post challenges to industry professionals. Cordray also outlined the CFPB’s plan for implementing the new rule.

Cordray was also adamant that TRID would not delay most closings, and clarified the three circumstances under which an additional 3-day review period, or re-disclosure, will be required:

Cordray closed his statement by saying that the CFPB’s support of the implementation of TRID will not end on August 1, and that regulators will be sensitive to lenders making good-faith efforts to enforce the new rule. To read the full statement, click here.

While this is a step in the right direction, both Congress and the mortgage industry quickly responded that still more was needed.

“Nearly 300 Senators and House Members have written to Director Cordray asking for a formalized hold harmless,” said U.S. Reps. Blaine Luetkemeyer (R-MO) and Randy Neugebauer (R-TX) in a joint statement. “Anything short of that is unacceptable.”

Preparing to purchase a home is an exciting time. It is also one of the most important financial decisions you will make in your life. So, as you prepare to take this step, it’s important to do as much research as possible. These tips and strategies will help you ensure a smooth, successful home buying experience.

The home buying process can be stressful, but it should also be enjoyable. By being prepared, and having the right professionals at your side, you can find your dream home, and make this an experience to remember. If you are ready to get started on the path to home ownership, talk to one of our licensed mortgage loan originators today.

NFM Lending is currently holding its annual food drive at its corporate and retail branch locations throughout the U.S. From June 1-30, 2015, NFM Lending employees and their friends and family members will bring in canned goods and other non-perishable food items into their local NFM Lending location. Donations collected in Maryland will go to the Maryland Food Bank, while donations collected outside of Maryland will go to local area food banks.

NFM Lending’s food drive is open to the public. If you are interested in participating, please visit our website, http://www.nfmlending.com/find-a-branch to locate a branch near you. The following items were listed on the Maryland Food Bank’s “Most Needed Items” list:

FRUITS & VEGETABLES
Canned vegetables (low sodium, no salt added)
Fruits & juices (light syrup)
Fruit cocktail
Apple sauce

SOUPS & STEWS
(Low sodium)
Beef stew
Chili
Chicken noodle
Vegetable
Turkey & rice

NON-FOOD ITEMS
Diapers
Toilet Paper
Plastic/Paper plates and cups
Sanitary napkins and tampons

LINTHICUM, MD, May 29, 2015 — NFM Lending is pleased to welcome Roger Dennis to the NFM Lending family. Dennis will operate out of NFM Lending’s Corporate Office, located at 505 Progress Drive, Suite 100, in Linthicum, MD.

Dennis has more than 13 years of experience in the lending, real estate, and construction industries in the Washington, D.C. area. He plans to continue to focus on this area, offering Conventional, FHA, VA, USDA, FNMA, Jumbo, and many other loan options. Dennis looks forward to further growth with NFM Lending, while continuing to provide unparalleled customer service and responsiveness.

“I am very excited to be part of the NFM team,” said Dennis. “NFM has an outstanding reputation, both locally and nationwide, for its commitment to the community and its excellence in lending. By working with my team, my clients understand that they are working with one of the best lenders in the industry, and that they have the competitive advantage in the Washington, D.C. metro market.”

Dennis is currently growing his team and is actively recruiting qualified Mortgage Loan Originators, for both full and part-time positions. Their team goal is to continue to provide the highest level of commitment and dedication to every borrower, ranging from first time homebuyers to seasoned buyers looking for second homes or investment properties. Visit his web page to learn more: https://nfmlending.com/rdennis.

NFM Lending (formerly NFM, Inc.) is a mortgage lending company currently licensed in 29 states across the country. The company was founded in Baltimore, Maryland in 1998. NFM attributes its success in the mortgage industry to a steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender.”

Purchasing and investing in real estate is a big deal. For most Americans, the purchase of a home is the most expensive purchase they will ever make. But choosing to fly solo in such a major transaction could end up being more costly than a real estate agent’s commission. So how do you choose a real estate agent?

When you’re looking for a real estate professional to help you, know that above all else, a good agent will put their clients first. The agent you choose is going to be your advocate to help you make your dream of home ownership come true.

Real estate agents are often chosen solely on the recommendation of a friend or family member. It is best if you do your own research: check how long they have been in business; talk to recent clients or request recommendations; look up their licensing information; and finally, choose someone that is right for you.

Remember, a home is an investment. Choosing a good agent and consulting with them will ensure that you are making an informed decision.

If you are ready to purchase a home, contact one of our Licensed Mortgage Loan Originators today to get started!

Rowe attended the conference in order to prepare and educate the NFM Lending staff and their clients for the latest mortgage industry changes.

“I am very excited to attend this conference,” said Rowe. “The TILA-RESPA disclosure changes are the most significant our industry has experienced in decades. This is evident by the attendance in Chicago, which exceeds over 1,000 legal and compliance professionals. I look forward to implementing further changes at NFM Lending and utilizing the information from this critical event to do so.”

The Legal Issues and Regulatory Compliance Conference is “the preeminent gathering of industry leaders to consider it all, including best practices, organizational changes needed to assimilate to final rules and knowledge to educate staff,” according to the MBA website. In addition to sessions on TRID, the event will also features sessions on the Home Mortgage Disclosure Act (HMDA), Fair Lending, Ability to Repay, Secondary Market, Social Media, Ethics, and many other topics.

NFM Lending looks forward to continuing to prepare for the upcoming TRID changes and educating their team and their clients about this and other industry changes.

LINTHICUM, MD, May 4, 2015 — Elysia Stobbe, a NFM Lending Branch Manager in Jacksonville, FL, spoke at Harvard University as part of a panel of female entrepreneurs on Thursday, April 30, 2015.

The panel, called “The Mindset of Success” is a free event hosted by the Harvard Extension Wellness Club, an organization “dedicated to promoting optimal living at Harvard.” Each event features several professionals sharing ideas and advice based on their own careers. This event featured four female professionals who talked about their strategies for achieving entrepreneurial success.

“I was honored to be invited to speak at Harvard University,” said Stobbe. “It was a thrill to be among an outstanding group of female entrepreneurs who shared ‘secrets of success.’”

“I have had the pleasure of working with Elysia for over a decade, so I feel qualified to remark that she’s a true professional in every sense of the word,” said Greg Sher, Vice President of Business Development. “She cares deeply, works tirelessly and takes great pride in being well informed. As wonderful as she is now, I know that her best is yet to come.”

INTHICUM, MD, April 27, 2015 — NFM Lending congratulates Jane Floyd, a Branch Manager in Tampa, FL, for earning two rankings on the Scotsman Guide’s 2014 Top Originators lists.

“I, along with all of our NFM family, would like to congratulate Jane and her team on her outstanding numbers and her current ranking amongst her peers in both volume and units,” said David Silverman, CEO of NFM Lending. “Jane is a phenomenal time manager, as she juggles being a top performer with coaching and still putting her relationships and family first.”

Each year, the Scotsman Guide recognizes top producing mortgage loan originators throughout the United States. Originators can be ranked in any of the ten categories, including Top Dollar Volume, Most Loans Closed, and Top Purchase Volume, among others. Floyd was ranked in both the Top Dollar Volume category as well as Most Loans Closed. She ranked #172 of 300 in the Top Dollar Volume category, and #82 of 150 in the Most Loans Closed category.

“It’s only a matter of time that Jane Floyd will break the top ten of all Loan Originators nationwide,’ said Jan Ozga, President of NFM Lending. “Jane is the gold standard in the mortgage industry, and there are very few people that come close to matching her energy.”

Over 1,000 Originators from across the nation were considered for this year’s rankings. To be considered for the rankings, entrants must have either had at least $30 million in loan volume, or closed 100 home loans in the 2014 calendar year. Floyd had over $65 million in loan volume, and closed 302 loans in 2014.

“I am so grateful to be ranked in the Scotsman guide,” said Floyd. “It’s an amazing feeling to know we helped that many families achieve the dream of home ownership. I could not have done it without such an amazing company behind me.”

NFM Lending is proud of Floyd’s accomplishments and wishes her continued success.

CCPA Request

CPA FORM

First Name*
Last Name*
Address*
City*
State*
Zip*
Loan Number or last 4 digits of the Social Security Number*
Email*
Telephone Number*
Please re-enter the CAPTCHA code below

Contact Page

Name*
First Last
Email*
Phone Number*
Select what you are contacting us about:*
All FHA Case Transfer Requests must be sent in writing via email to: FHAINFO@nfmlending.com. The request must include the FHA Case number, the new lender’s Origination ID or Sponsor ID, the full subject property address, and a letter signed and dated by the borrower expressing desire for the transfer.
Request for payoff should be submitted to the current servicer of the loan:
If your loan is being serviced by the NFM Lake Zurich Servicing Center, please call 1-866-352-6802 to request a payoff. You can also request a payoff via the online borrower portal, if you are a registered user on the portal.
If your loan is being serviced by the NFM Lending Linthicum Maryland Office, you may submit the request to Servicing@nfmlending.com or call 1-866-765-1827.
Property Location
FHA Case Number*
New Lender's Originator ID*
Subject Property Address*
City*
State*
Zip*
New Borrower to subject property or Borrower and Property are the same?*
- New Borrower
- Same
Message
CAPTCHA
Email
This field is for validation purposes and should be left unchanged.

Contact Me

First Name*
Last Name*
Phone Number*
Email Address*
Property State*
Loan Purpose*
How did you hear about us?
First and last name of referral source (if applicable)
Please type the characters below
Consent
- I agree to receive SMS Text Messages at the above phone number from NFM Lending for follow up purposes for banking products. Message and data rates may apply. Message frequency varies. Text HELP for help. Text STOP to cancel.
Phone
This field is for validation purposes and should be left unchanged.