NFM Lending Archives

NFM Lending was recently recognized by Bello Machre for their donations, gifts and visits made during 2013. The recognition was in their annual report, which shows a tremendous year for them. Bello Machre provides homes and support to people with disabilities, while helping to enrich their lives through loving care and guidance. To learn more about Bello Machre and how you can help, visit their website www.bellomachre.org.

NFM Lending hopes to continue to assist and make donations to Bello Machre in the future!

NFM Lending is committed to giving back to the community, and to providing assistance and support to US troops and Veterans. In the last 6 years, NFM has sent over 350 boxes to soldiers in the Middle East through its annual Support Our Troops Drive. The drive organizes a collection of food, supplies, toiletries, leisure activities, and more to send to our troops.

Below is a collection of quotes taken from the many letters NFM has received, recently and over the years, from soldiers overseas who received the boxes that were sent. The letters thank us for the supplies sent and the reminder that there are people back home who are there to support them.

An adjustable rate mortgage (ARM) is a type of mortgage loan with specific rate terms. An ARM is usually initially fixed for a set period of time, followed by periodic adjustments according to a specific benchmark.

There are various factors that determine the interest rate changes including market conditions, financial index and a margin. The index is a measure of interest rates generally, and the margin is an extra amount that the lender adds.

The initial rate and payment amount on an ARM will remain in effect for a limited period ranging from just 1 month to 5 years or more. With most ARMs, the interest rate and monthly payment change every month, quarter, year, 3 years, or 5 years. The period between rate changes is called the adjustment period. For example, a loan with an adjustment period of 1 year is called a 1 year ARM, and the interest rate and payment can change once every year.

If you have any questions regarding an Adjustable Rate Mortgage and how it can benefit you, please click here to contact an NFM Lending Licensed Mortgage Loan Originator.

LINTHICUM, M.D., January 16^th, 2014— NFM, Inc. is proud to announce David Silverman, CEO of NFM, Inc., has been named one of the 100 Most Influential Mortgage Executives in America by Mortgage Executive Magazine for 2013.

Mortgage Executive Magazine recognized and celebrated mortgage executives that built their companies and service their clients and employees through service, dedication and hard work. The winning executives were asked to provide their insights on the mortgage industry’s opportunities and challenges today. The following is the response by Silverman:

“The biggest opportunity today is consolidation and recruiting as the number of players decreases the strongest will survive. Between QM, refinance market pull back, rising rates, and various other variances in the market, there will be companies that merge, roll-up, get bought out or simply close up shop. The number of new mortgage entities entering the industry is negligible by any measurement so it stands to reason that those that are positioned property and have a workable plan with good to great execution will see it to the other side and become exponentially stronger 2-3 years from now.”

NFM, Inc. was founded in March 3, 1998 by David Silverman and his wife Sandy. The company started as a small brokerage shop with 4 loan officers; and it’s now a multi-state lender with more than 200 employees, over 20 retail branches, and is licensed in over 28 states.

NFM, Inc. has prospered under Silverman’s leadership and continues to be recognized across the nation. The company has been ranked one of the Fastest-Growing and Largest Private Companies by the Baltimore Business Journal in 2013; named a Top Workplace in Baltimore by The Baltimore Sun in 2012 and 2013; ranked one of the Top Mortgage Lenders by The Scotsman Guide in 2013; and has also received numerous other awards. Silverman himself also ranked one of the Top 100 CEOs in Baltimore by SmartCEO magazine in 2009.

“I am humbled to be included amongst so many accomplished driven leaders in our industry. I am inspired to continue to contribute my resources and improve how we show up in this ever changing mortgage world,” said David Silverman. “The ONLY reason that I have become visible on this list is because of our great people here at NFM.”

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

Divorce can not only be emotionally painful, but it can also affect your finances. All shared accounts and co-signed loans suddenly become the cause of major issues, especially large loans and mortgages. And it is how you handle these financial obligations that can determine if and how your credit scores change.

It is important to understand that a divorce decree does not change your financial obligations to your creditors. However the obligation to pay the debt is arranged, through settlement or court order, both spouses must ensure that the party obligated to pay the debt makes the payments. If the payments are late or missed, both spouses will end up with a negative item on their credit reports resulting in lower credit scores.

It is best to close all joint accounts before you divorce. These accounts will include car loans, credit cards, bank accounts, etc. Arrange new individual lines of credit with the same lender, or replace these joint accounts by transferring agreed upon balances to the new account. For accounts that cannot be closed due to a high balance, request that a freeze be placed on the account. This will prevent any further charges until you can figure out how to proceed or pay the amount owed to close the account.

There may be some accounts that you cannot close until they are paid off. In order to manage those shared accounts, set up the accounts online. This allows both spouses to monitor the account activity, and allows both parties to ensure that there are no late penalties or late payments reported to the credit bureaus. Car Loans can be titled in the name of the spouse who will retain the automobile, and that spouse can refinance the auto loan in their name only.

Usually, the mortgage is the biggest liability a couple has, and divorcing a mortgage is not easy. The following are 4 ways you can divorce your mortgage:

If you have any questions regarding mortgage solutions available for you while going through a divorce, please click here to contact us.

Yesterday, members from the NFM Lending Post Closing department volunteered to help feed the hungry and homeless of Baltimore through Beans & Bread. This is a soup kitchen program run by the St. Vincent de Paul Baltimore community services provider of Baltimore.

The three NFM, Inc. employees were able to assist in serving just over 200 meals, which were served restaurant style. Each person was seated and serviced a hot meal, drinks and desserts.

The volunteers had a great time and look forward to being offered to assist in the future. They also encourage others to participate in the program.

To learn more about how you can donate or volunteer to Beans & Bread, go to their website: http://ow.ly/tm9oZ.

We are so proud to see people form all of our departments want to be involved and help make their communities stronger.

LINTHICUM, MD., December 30^th, 2013 — NFM, Inc. is honored to announce that it has been ranked 21 out of 50 for the Fastest-Growing Private Companies based in the Baltimore area by the Baltimore Business Journal. The ranking is based on revenue growth from 2011 to 2012.

This award was the 3^rd award that NFM, Inc. received for their achievements in 2012; having also been named a Top Workplace in Baltimore by The Baltimore Sun (also received in 2013), and one of the Top Mortgage Lenders by The Scotsman Guide. NFM, Inc. and its CEO have also received 6 other awards in previous years.

Matthew Glyder, Chief Financial Officer at NFM, Inc. stated, “Great employees, a streamlined loan process and low interest rates have all attributed to NFM, Inc.’s rapid growth.”

With over 20 locations across Maryland, Virginia, Pennsylvania, New Jersey, Alabama, Indiana, North Carolina, Ohio and Illinois, NFM, Inc. continues to commit to their core values: service, integrity and excellence. Today the company has over 225 employees, has closed over 30,000 loans since 2004, and is licensed in over 27 states.

NFM, Inc. not only focuses on creating the best customer experience, it also strives to make a difference in the community. The company has been involved with Habitat for Humanity, Ronald McDonald House Charities of Baltimore, and over 25 other charitable organizations and initiatives. Throughout the year, NFM, Inc. and its employees can be found collecting items for local food banks or the troops; fundraising and donating money to local charities; or participating in corporate volunteering events.

LINTHICUM, MD., December 16^th, 2013 — NFM, Inc. is pleased to announce that it has been selected as one of The Baltimore Sun Top Workplaces.

The Top Workplaces are determined based solely on employee feedback. An employee survey is conducted by WorkplaceDynamics, LLP, a leading research firm on organizational health and employee engagement. WorkplaceDynamics conducts regional Top Workplaces programs with 40 major publishing partners across the United States. Over the past year, more than 5,000 organizations and 1 in every 88 employees in the U.S. have turned to WorkplaceDynamics to better understand what’s on the minds of their employees. Through its workplace improvement offerings, WorkplaceDynamics provides solutions, training and tools to help clients improve their workplace.

NFM, Inc. prides itself on working hard to create a complete and pleasant company experience for their employees. The company has an open door policy and keeps an open line of communication between the management and the other staff members. NFM, Inc. has town hall meetings where employees can voice their questions and concerns directly to the executive team. The company holds several seminars a year with topics that range from maintaining a work life balance to nutrition and fitness. In addition, corporate employees enjoy a business casual dress code, have fresh fruit delivered weekly, and enjoy the company of their two rescues office cats, Tabby and Refi. NFM, Inc. also engages with its employees by encouraging workplace volunteering in charities such as Ronald McDonald House Charities of Baltimore and Habitat for Humanity.

“I am not one that cares very much about rewards but this one means a lot! I can’t thank the employees of NFM enough for their feedback. Knowing how they feel about NFM inspires me to make the company better and provide the employees more opportunities for growth and stability,” said David Silverman, NFM, Inc.’s CEO.

The Baltimore Sun published the complete list of Top Workplaces on Sunday, December 8, 2013. For more information about the Top Workplaces lists and WorkplaceDynamics, please visit www.topworkplaces.com and www.workplacedynamics.com.

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

On Saturday, December 28th, 2013, NFM Lending delivered gifts to Bello Machre at their Kensington house. Bello Machre provides homes and support to people with disabilities, while helping to enrich their lives through loving care and guidance. The gifts were all appreciated, and NFM Lending thanks everyone who participated for opening their hearts this holiday season. We look forward to the next delivery!

NFM Lending is happy to announce that we have completed over 50 boxes for the Support our Troops Drive this year. Each box was over flowing with items such as bathroom supplies, books, energy drinks, snacks, tools and accessories. These boxes will be sent to troops overseas via the AnySoldier® organization, and we hope will share a little Holiday Spirit to each soldier that receives them. NFM Lending is proud to be a part of this great initiative and looks forward to doing it again in 2014.

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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.
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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.
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