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Archive: Loan Officer of the Month – November, 2011

For the month of November, 2011, we will feature Patricia Villalobos. Patricia works very hard for each one of her clients so that their homeownership dreams can be realized.

As a Loan Officer serving 1st time homebuyers to more experienced customers looking to move up, transfer or invest in Real Estate. In the Central and Bay area, Patricia Villalobos enjoys assisting customers to  determine the most appropriate mortgage product for their unique needs. For the month of November Patricia was #2 in units, #8 in volume, and had a record closing YTD.

Patricia’s  success as a Loan Officer is supported by her stressing the importance of every loan and every client. She is dedicated to her work and works hard to stay on top of all the guidelines of our ever-changing industry. Her colleagues and managers always take note of her character, personality, and ability to do whats best for the team.


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Major Mortgage Lender Calls It Quits – MetLife

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While the Federal Reserve and other government agencies urge banks to lower credit standards and increase lending, one major mortgage lender is calling it quits due to onerous regulatory burdens that increase lending risks and reduce profits.

MetLife, the country’s largest insurance company, is closing its $20 billion mortgage operations and firing 4,300 employees.  The mortgage division was closed after MetLife was unable to find a buyer for the business, according to Bloomberg.