Choose Wisely: A Comparison of Mortgage Brokers and BanksWritten by Kevin Onizuk
Mortgage Brokers Do The Work So You Don’t Have To My career in mortgage industry has provided me with many opportunities to work with both mortgage brokers and banks. I believe mortgage brokers are great tools for consumers in search of best financing options available. A mortgage broker differs from a bank representative in some important ways. The broker can shop and find best deal for a homebuyer or refinancing deal. The bank only sells its own products. The mortgage broker takes one application and one credit report and utilizes all of resources to find best rate and mortgage program available. In my role as mortgage broker I am an expert working hard specifically for consumer. Mortgage Brokers Can Show You All The Possibilities As a mortgage broker I may work with up to one hundred lenders all over country. The consumer never knows about many of these companies because mortgage brokers have exclusive access to them. When a bank turns down a mortgage application for any reason, bank is finished with that potential customer. A mortgage broker is not through -- he or she moves forward to find next best lender. If a customer does mortgage research alone mortgage companies want to pull a credit report before giving any details about products and programs you qualify for. All of these credit inquiries may lower your credit score and when it is time to qualify for mortgage this is critical. My goal with every customer I work with is to find best rate. This money all comes from essentially same places: investors on Wall Street. Customers with good credit will be quoted a similar rate from a bank. Tap Into Broker Knowledge And Thrive Under Special Circumstances Consumers dealing with more credit challenges may find they have more choices with a mortgage broker. A lack of a down payment, a short time in business or inability to prove all of your income may be a problem and a skilled mortgage broker will be able to find a solution. I can find specialty programs many lenders don’t have or don’t know about. Mortgage brokers shop around country and they have knowledge and expertise to get someone with unique circumstances approved.
| | Encompix Engineer-to-Order Shows Process UnderstandingWritten by Roger Meloy
Most ETO (Engineer-to-Order) firms take at least twelve months to decide on appropriate ERP (Enterprise Resource Planning) system. This lengthy process is due to fact that many ERP vendors claim to be ETO savvy and are not in fact. There are exceptions to rule. Recently, Big Sky Engineering (www.bigskyeng.com) located in Middleton, Wisconsin, just outside of Madison in south-central Wisconsin, made an important technology decision relatively quickly.Formed in 1997, with goal of providing economical automation solutions to ever-changing packaging industry, Big Sky picks standard, off-the-shelf components whenever possible to simplify maintenance and eliminate machine downtime; however all of machines are built with future retooling in mind. Their primary market is packaging automation machinery for consumer goods companies (such as SC Johnson). Chief engineer for Big Sky, Peter Dettmer originally contacted Cincinnati-based ETO ERP leader Encompix (www.encompix.com) via their website in November 2004. Encompix, which usually serves mid-market ETO manufacturer was hesitant to pursue this opportunity because of Big Sky’s small size and spent much effort pre-qualifying. However, due to Big Sky’s recent explosive growth and plans for future growth, Encompix considered this a deal worth pursuing. Despite a much higher price point than competitors, functionality demonstrated in Encompix overview session made Big Sky’s decision quite easy. To keep sales costs down, Encompix combined a site survey and demonstration into a one day session. The three owners of Big Sky were heavily involved in process and able to negotiate directly to get this deal closed by mid-February 2005. In return for a discount, Big Sky agreed to purchase one extra user and pay in full for software and maintenance by March 15. Encompix crafted a somewhat revised implementation plan for this smaller than usual customer.
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