The mortgage industry is poised for a potential uptick in production due to a long-awaited reduction in interest rates. This presents a valuable opportunity for mortgage professionals to help clients, especially those burdened with student loans, to secure favorable mortgage terms. To fully capitalize on this, it’s crucial for loan originators to focus on three key areas: the impact of credit report changes after September 30, 2024, the benefits still available for federal student loans, and knowing the differences between federal and private loans. An example of a self-service student loan analysis tool that can be used for FREE can be found in this article.
An MLO's Shortcut to More Approvals:
Tools & Partners That Get Clients Mortgage-Ready!
As a Mortgage Loan Originator, you’ve likely worked with clients who are eager to buy a home—but run into common roadblocks that delay or derail their mortgage journey.
This website introduces top-tier services designed to help your clients overcome 7 of the most common pre-mortgage challenges—and get them mortgage-ready faster.
You have two powerful options to guide your clients:
- DIY Resources – Give clients the tools and guidance they need to solve issues on their own under MLO DIY Solutions.
- Partner with HUD-Certified Counselors via HomePrep – Let the experts step in to deliver personalized support and coaching with HomePrep for MLOs.
No matter which path you choose, this platform equips you with everything you need to move clients from “not ready” to “approved.”
Upcoming Webinars
MLOs, register for Central FL FAMP 4-Week Zoom Series at 7pm EST!
April 8: Student Loan Plan to help w/mtg.
April 15: Unique credit help info.
April 22: Down Payment Connect: How to find DPA in all 50 states!
April 29: HomePrep Connection
Thanks to RISE: Women in Mortgage for allowing us to present "Essential Tools for an MLO Toolbox to Help Mortgage Prospects"! We will link to the Zoom video when available!
Directions for When to Use MLO DIY Solutions and HomePrep for MLOs
When to use MLO DIY Solutions
•1 or 2 DIY services for client needed.
•Short term remedy.
•MLO will need to know how to refer or use services. Some services are subscription based like CreditXpert and Down Payment Connect.
•If there is cost, this is noted on service page.
1. How MLO starts referral to HomePrep...
•MLO is too busy or prefers professional get client mortgage ready.
•MLO does HomePrep demo and signs up, refers clients. MLO pays $100/yr. through invoice.
•MLO completes Memo of Understanding. Provides credit of $0-$300 towards clients' clos. costs if client returns to MLO for mortgage.
2. HUD Counselor will...
•review MLO needs for client.
•provide Action Plan with est. time client will be mortgage-ready. •communicate with client and MLO 1-2 times/mo.
•receive $99 to HomePrep but will provide $99 credit if HomePrep completed.
•stay in touch with referral partner on client progress.
3. Client is ready! MLO notified!
•HUD counselor final step: run client through FHLMC AUS w/soft credit for approval. Confirms approval & no unknown credit.
•MLO notified client is mortgage ready.
•Client is reminded that referring MLO will provide credit of $0-$300 towards clients' clos. costs.
•MLO lets referring partner know client is ready to purchase a home!

Seven Most Common Services Needed for Pre-Mortgage Client Help
2 Paths of Services for Client Pre-Mortgage Help
Path 1: MLO DIY (Do It Yourself) Solutions and Path 2: Refer Client to HomePrep with HUD Counselor
Service Costs and Who Will Pay.
"The best way to teach someone how to do it is to show them how it's done." - Unknown
The Best Resources For MLOs Assembled
MLO DIY Solutions
"How To" resources for MLOs that want to learn how to use tools that can expand education of challenges and how your client can overcome them.
Some services are FREE but some are at a cost to the MLO or your client.
Costs are noted on services Home, MLO DIY Solutions and HomePrep for MLOs pages.
HomePrep for MLOs
MLOs refer challenged clients to HUD counselors to correct issues. When the client is "mortgage ready", the MLO is notified!
There is a cost to use HomePrep for the MLO. Some services have a cost for your client.
For more about HomePrep,
go here.
Other Resources
Articles, mortgage trade groups, mortgage advocacy, tips from industry professionals and more!
For more Resources, go here!
Disclaimer : Pamela Marron, licensed loan originator NMLS# 246438 and developer of Clients2homeowners.com, receives no compensation for any services shown on this website. This website was made for mortgage loan originators to assist clients who have challenges getting a mortgage.
