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First Mobile Device Mortgage Origination Completed by ADRMortgage.com's Andy May and Brett Bushnell, Realtor from Tri Local Realty, LLC

Mortgage originations done by mobile devices are no longer a thing of the future, as ADRMortgage.com and Tri Local Realty, LLC complete the first mobile device origination.

https://us.vocusm.com/PRWeb/images/release-topquote.gifOriginating loans with mobile devices isn't even on the map for many large banks, yet it's in ADRMortgage.com's DNA.https://us.vocusm.com/PRWeb/images/release-bottomquote.gif

Raleigh, North Carolina (PRWEB) August 13, 2014

The first mobile device mortgage origination was completed in 2014 by ADRMortgage.com with Realtor, Brett Bushnell from Tri Local Realty LLC - 919 608 2141. Andy May, completed the first mobile device mortgage origination in 2014 when the consumer said, "I do not have a computer and I want to sign all my documents with my Samsung Galaxy device".

Andy May was able to accomodate this consumer whereas before, the consumer would have to go to the library or a work computer. With ADRMortgage.com's mobile technology, and the help of local Citrix Sharefile the consumer experienced the ultimate in satisfaction as no computer was necessary to sign documents.

Younger adults do not want to be limited by the arcane banking industry's lack of ability. At ADRMortgage.com the consumer can sign all documents necessary to complete the origination of a mortgage loan. Of course, at the closing table the consumer re-verifies all documents using the attorney's computer. The risk is the same in either transaction, a paper based bank originated loan or an online mobile device/computer based origination.

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage.com on the web.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go tohttp://www.adrmortgage.com or contact Andy May directly. License number 103418.

 


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Posted by Andrew Walter May on August 14th, 2014 12:11 PMLeave a Comment

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ADRMortgage Natural Disaster Risk Model
City Relative Risk Primary Natural Disaster Risk Size of Single Family RE Potential Loss (a) Percentage (b)
1 Newark, New Jersey Flooding $21,023,209,998.00 $2,721,937,199.54 12.9473%
2 Jacksonville, Florida Hurricanes $82,041,489,270.00 $1,408,825,747.29 1.7172%
3 Jersey City, New Jersey Flooding $41,137,760,762.00 $1,360,968,599.77 3.3083%
4 Miami, Florida Hurricanes $587,335,280,000.00 $704,412,873.65 0.1199%
5 New Orleans, Louisiana Hurricanes $87,243,975,000.00 $633,342,265.32 0.7259%
6 Houston, Texas Hurricanes $74,861,426,052.00 $623,879,768.94 0.8334%
7 Paterson, New Jersey Flooding $8,814,732,992.00 $453,656,199.92 5.1466%
8 Baton Rouge, Louisiana Hurricanes $25,268,776,865.00 $316,671,132.66 1.2532%
9 San Antonio, Texas Hurricanes $100,922,478,600.00 $311,939,884.47 0.3091%
10 Jackson, Mississippi Hurricanes $12,076,209,600.00 $288,464,008.40 2.3887%
(a) - Total losses include residential and commercial.
(b) - Assumes all losses are applied towards SF Housing, which is unrealistic, but for simplicty purposes this keeps the math accurate.

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Posted by Andrew Walter May on August 8th, 2014 9:36 AMLeave a Comment

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May 2014 data point to continued large supply of housing stock in Wake County, as Andy May, the mortgage expert, and Irene Higginson, Realtor, explain the data. Raleigh-Durham-Chapel Hill continues to be a Sellers' Market. As predicted over the last year, home price gains are slowing in Wake County, up 5.9% year to date through May (median home prices) 2014. While most Realtors are hyping the market as hot, the facts point to nearly a 10% increase in new listings. There's no need to panic when purchasing that perfect home.

Housing supply that has fallen to 4.5 months (up from 3.5 months in January), according to Triangle MLS, this (Raleigh) top relocation market will see home prices continue to rise but at a slower pace.

As expected, during the run-up to spring (May) additional homes were listed - with an 8.8% increase in new listings to 2415 homes on the market in Wake County. Year over year data indicate that listings were relatively flat and that prices are only up 6% year over year. Durham County appears to be about 6 months lagging behind Wake in terms of numbers. We expect Durham to continue to slow. Orange County, appears to be in a downward spiral with home prices actually falling on almost all comparative periods.

In fact, Orange County (unit) home sales are almost down 9 to 17%. Irene Higginson, Realtor, states, "When it comes to all the publicity of being one of the top five relocation markets in the country Raleigh and Wake County is what the consumer demands. In fact, that's where all the job growth is. Despite Orange County's aggressive expansion plans in the future, Wake County will continue to be a top priority for relocating families."

Here's the additional data: 
Unit home sales in Wake county are up +2% year to date through May 2014. Irene Higginson, Realtor, can provide neighborhood level data when looking more specifically. Additionally, average home prices are rising but at a slower pace. The percentage off original list price that a home sells for in Wake County has also risen to 98.3% May 2014; indicating that sellers are getting closer to the original list price (up from 97% at the beginning of the year). Orange and Durham Counties continue to be in the low 97% range for accepted offers relative to list price.

While all this is interesting, what about the future housing stock and unemployment rates in Wake County? Wake County has a super-low housing stock supply of 4.5 months (aka a "Sellers Market").

Couple the housing stock numbers with job growth (and unemployment) and future home prices can be predicted with relative accuracy. According to the Bureau of Labor, despite North Carolina's 2.2% drop to 6.2% unemployment rate - North Carolina ranks as the 30th lowest state in the country. However, the Triangle has some of the lowest State unemployment levels approaching the 5% number (which is approximately 17th if Wake County were compared to states).

Triangle residential home price appreciation should continue to follow a low overall unemployment rate with a short (but rising) supply of housing stock. Durham and Chapel Hill data can be requested by contacting Andy May, the mortgage expert.

On the National front, the home price market has corrected to within 15% of the 2008 peak. Home prices nationwide are back to 2004 levels and have another 15% to go before hitting the all-time high level of 2008. Nationally, home prices are up 13% year over year and over the last five years they are up 2.8% per year (better than savings rates for sure).

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web. Irene Higginson, Realtor, states, "The Triangle has remained a top 5 relocation market due to excellent schools, outdoor activities, and a big city life style at country prices."

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go tohttp://www.adrmortgage.com or contact Andy May directly. License number 103418.


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Posted by Andrew Walter May on August 8th, 2014 9:16 AMLeave a Comment

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Top 10 Natural Disaster Risk Cities in the U.S. to potentially avoid when purchasing a home, insuring a home or investing in real estate securities, as researched by 25 year veteran Andy May and ADRMortgage.com and Elizabeth Killinger, senior research and actuarial analyst at ADRMortgage.com.

ADRMortgage.com’s Andy May and senior research assistant, Elizabeth Killinger, release the research that purports to illustrate why these top ten real estate markets may not be the place to purchase when looking to invest, insure or live. This is a relative ranking of each city in the US and over 3,000 counties and is for uninsured risk exposures.

The basic premise from which ADRMortgage.com developed this model begins with two major elements for 3 different audiences that all share similar risks. The two major elements are severity and frequency of damage caused by natural disasters. ADRMortgage.com has developed proprietary models that are based on readily available government databases to develop a frequency model for 4 different natural disasters. Not all natural disasters effect the 3 “investors” mentioned above equally (audiences are the consumer, investors and insurance companies).

The 4 different natural disasters that cause uninsured losses are tornadoes, hurricanes, earthquakes and floods. These 4 natural disasters were then developed to determine a predictive time period over the next 20 years (the expected life of a mortgage is approximately 7 years). Most investors, home owners and bond holders may have a horizon of only 8 to 10 years, but the ADRMortgage.com model evaluates 20 years in this release. If interested in the 10 year model, please contact elizkillinger(at)gmail(dot)com or andymay(at)adrmortgage(dot)com.

Astute investors may surcharge these areas in order to adversely select their competition. However, the model compensates for insurance coverages and their costs. While fire risk may be highest in southern California it is almost a given that nearly every home has fire coverage and the three interested parties would be made full by such an occurrence. Therefore, the model does not discount southern California cities for fire risk.

Insurance claim payment amounts for homes are fairly negotiable, after the natural occurrence. While most insurance coverage is for a specified amount there is a certain amount of political risk associated with large natural disasters and insurance carriers often times step forward with positive results for the home owner and subsequent mortgage bond holders.

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go tohttp://www.adrmortgage.com or contact Andy May directly. License number 103418.


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Posted by Andrew Walter May on August 8th, 2014 9:10 AMLeave a Comment

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Raleigh, NC (PRWEB) June 06, 2014

Andy May, the mortgage expert, explains how consumers can avoid the ultimate mortgage rip-off: paying the bank $500 and getting denied. What loyal customer wants to be thanked by getting charged for a denial (particularly when the consumer can call ADRMortgage.com to avoid such abuse)?

Celebrating 10 years (10 years without a single BBB complaint) in business, Andy May, owner ofADRMortgage.com, uncovers the easiest way to make sure the consumer doesn't cough up $500 to be denied for a mortgage. It's simple, don't pay an application fee. Let me repeat, do not pay an application fee. If the consumer's bank charges one, run. Don't walk, run. In 2012, according toMarketwatch, the bank with the most denials is Wells Fargo.

According to AnnaMaria Andriotis's September 28, 2013 article, "The top 10 largest mortgage lenders rejected over 100,000 consumers." Interestingly, at ADRMortgage.com - there are no upfront fees for applications. So, why pay one when the consumer doesn't have to? Even if only 50% of those applications came with a $500 application fee (upfront) consumers would have flushed $50 million dollars down the toilet. Contact ADRMortgage.com to avoid upfront junk fees."

The story goes on to state that some of the top ten banks in the country experienced denial/rejection rates as high as 1 in 3 mortgage loan applications in 2012. Data takes a while to be collected so these rates are sure to come down. But even if the denial rate is 25%, that's still too high when the consumer pays $500 to get rejected.

These tactics are often times used when building a new home. The down-payment may become part of the profit to the builder. And unsuspecting consumers lose hard earned down payment money. The one thing that a new home buyer needs more than anything is unbiased advice from a mortgage expert. Andy May, the mortgage expert, can help consumers avoid the loss of down payment when building a new home.

These are reasons why consumers should work with trusted, licensed, mortgage brokers. As the consumer's fiduciary the mortgage broker looks out for the consumer. At ADRMortgage.com there are no upfront fees charged. Period. Not even for the credit report. Good old fashioned customer service, and no BBB complaints ever to date. We take care of the client, it's the way ADRMortgage.com has always done it.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


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Posted by Andrew Walter May on June 16th, 2014 3:09 PMLeave a Comment

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Raleigh, North Carolina (ADRmortgage.com)

As many readers have seen, ADRMortgage.com supports many local charities. While we aren't IBM (a great company that makes massive donations to charities), we do try to make a difference. 

Please join CAM Raleigh as our newest innovative art takes form. For more information please go to http://www.thewanderbox.com/

CAM Raleigh is a cool place to be. Many readers have asked that I post some pictures from the most successful CAM Raleigh fund raiser ever (we netted almost $100,000 last month). I've attached one that shows a seafood station. The pink slabs on the right of this picture are actually made of salt. I recently read the book, Salt, and highly recommend it. This is the color that salt used to be prior to the 1600s when humans were sold on purity - and the "dirt" was removed for what we have now - white salt.

Interestingly, salt was mined in upstate New York, near Buffalo for many many years through the mid 1800s. Then, the largest U.S. deposits of pure salt were discovered. Where? Take a guess. Under the city of Detroit. If you have have a chance to visit Detroit, take the tour. Let me know what you think and send pictures. I haven't seen the tour yet.

Remember, regardless of the organization you support - everyone counts. CAM Raleigh is only $50 a year to join. 
Andy May


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Posted by Andrew Walter May on June 13th, 2014 8:21 AMLeave a Comment

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ADRMortgage takes the lead sponsor role in supporting Triangle Tennis at the highest levels. Teams that ADRMortgage sponsors include North State Bank, Raleigh Orthopedics and others....

2014 ADRMortgage Raleigh Pro League

We welcome ADRMortgage as our Title Sponsor for this year.  2014 promises to be an exciting year for the Raleigh Pro League.  A 4th team was added to the league and two new match sites are on the schedule.  The player draft was held on April 24 and this may be the most talented group of players in the history of the league.  Returning teams include last year's champion White Dahlia, playing out of North Hills Club, and runner-up Brier Creek Orthodontics, playing out of Brier Creek Country Club.  Team North State Bank entered the league playing their home matches at The Raleigh Country Club.

Read more: 2014 ADRMortgage Raleigh Pro League




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Posted by Andrew Walter May on June 5th, 2014 11:56 AMLeave a Comment

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Raleigh, North Carolina (PRWEB) May 30, 2014

 

Best Raleigh Relocation Services package provided by two experts on Triangle housing. When thinking about relocating to the Raleigh, North Carolina area (the Triangle) what should be the important factors and which data will be used to confirm the perfect home purchase? To start with, location is the most important factor. But what does that mean?

Location means schools. Which schools have the best k-12 scores? When Andy May first moved to North Carolina this data wasn't available and the relocation buyer would ask their Realtor. Now, that data is available. While costly, the consumer can access it through trusted and licensed professionals like Lynn Furr and Andy May, the mortgage expert.

Location also means knowing where home prices are rising and/or where land is plentiful and will remain that way. Where are the hot-spots for shopping, sampling great specialty shops (like Lafayette Plaza), and/or having a great meal. And of course, crime statistics. Many Realtors will simply talk in generalities. "Oh, my children got a great education there". And then of course, the next question is where did junior go to college? Test scores, housing data, and trusted professionals that are licensed (right now banks and credit unions are not required to hire licensed loan officers) is the best way to go.

Find the best Triangle Realtor and the best mortgage expert by searching the history of the buyer's options on google. Check out past experiences and longevity in the business. If, like Andy May, there are zero BBB complaints ever to date (that spans nearly 25 years) then the consumer is in a trusted relocation relationship.

Don't be fooled by relocation services that discount the Realty fee and give the consumer 1/2 back. Call Lynn Furr at 919 306 0018 or Andy May at 919 771 3379.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


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Posted by Andrew Walter May on June 2nd, 2014 4:06 PMLeave a Comment

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Raleigh, North Carolina (PRWEB) May 22, 2014

 

April 2014 data point to continued short supply of housing stock in the Research Triangle (Raleigh, Durham and Chapel Hill), as Andy May, the mortgage expert, and Irene Higginson, Realtor, explain the data. Raleigh-Durham-Chapel Hill continues to be a Sellers' Market. As predicted over the last year, home prices are gapping northward in Wake County, up 6.8% year to date through April (median home prices) 2014.

With a housing supply that has fallen to just 4.4 months (up from 3.5 months in January), according to Triangle MLS, this top relocation market will see home prices continue to rise.

Interestingly, due to the bad weather Raleigh experienced (nothing like New York, Chicago, and other frozen tundra areas), there was a slight increase in housing stock supply to 4.4 months from 3.5 months in January. As expected, during the run-up to spring (April) additional homes were listed - but not as many as expected causing a 2.1% decline in the year to date housing stock. Year over year data indicate a 13% reduction in housing stock from 5.1 months to 4.4 months through April 2014.

Here's the additional data: 
Unit home sales in Wake county are up +1.4% year to date through April 2014. Irene Higginson, Realtor, can provide neighborhood level data when looking more specifically. Additionally, average home prices are rising rapidly. April 2014 home prices are up 4.7% compared with the same period last year (median). The percentage off original list price that a home sells for in Wake County has also risen to 98.2% April 2014; indicating that sellers are getting closer to the original list price (up from 97% at the beginning of the year).

While all this is interesting, what about the future housing stock and unemployment rates in Wake County? Wake County has a super-low housing stock supply of 4.4 months (aka a "Sellers Market").

Couple the housing stock numbers with job growth (and unemployment) and future home prices can be predicted with relative accuracy. According to the Bureau of Labor, despite North Carolina's 2.2% drop to 6.2% unemployment rate - North Carolina ranks as the 30th lowest state in the country. However, the Triangle has some of the lowest State unemployment levels approaching the 5% number (which is approximately 17th if Wake County were compared to states).

Triangle residential home price appreciation should continue to follow a low overall unemployment rate with a short supply of housing stock. Durham and Chapel Hill data can be requested by contacting Andy May, the mortgage expert.

On the National front, the home price market has corrected to within 15% of the 2008 peak. Home prices nationwide are back to 2004 levels and have another 15% to go before hitting the all-time high level of 2008. Nationally, home prices are up 13% year over year and over the last five years they are up 2.8% per year (better than savings rates for sure).

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web. Irene Higginson, Realtor, states, "The Triangle has remained a top 5 relocation market due to excellent schools, outdoor activities, and a big city life style at country prices."

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


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Posted by Andrew Walter May on June 2nd, 2014 4:03 PMLeave a Comment

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Andy May - Giving Blood to the American Red Cross for 33 years.


Boston Marathon Hero
 
Thanks to our generous volunteer blood donors, the American Red Cross was able to send 600 blood products, including 88 platelets, to Boston area hospitals in response to the Boston Marathon tragedy. Your commitment to helping save lives makes all the difference in emergency situations.
  
In April 2013, MBTA Transit Police Officer Richard “Dic” Donohue, Jr. was shot in an intense gun battle with the Boston Marathon bombing suspects.

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Posted by Andrew Walter May on April 25th, 2014 10:11 AMLeave a Comment

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