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You are here: Home / Archives for Raul Camaligan

In the News

April 1, 2013 By Jeff Heib

Our thanks to Raul Camaligan Cell: (323) 228-2663  Fax: (877) 889-4795, a specialist is conventional loans.  He can also be reached at Raul.Camaligan@Prospectmtg.com


His report tracks some interesting #s for us in the real estate industry.

The Standard & Poor’s/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 0.1% in January after a 0.2% increase in December. On a year-over-year basis, prices rose 8.1% compared with January 2012, the largest annual gain since the summer of 2006.

Orders for durable goods — items expected to last three or more years — increased $12.4 billion, or 5.7%, to $232.1 billion in February. This follows a 3.8% decrease in January. Excluding volatile transportation-related goods, February orders posted a monthly decrease of 0.5%.

New home sales fell 4.6% in February to a seasonally adjusted annual rate of 411,000 units from a rate of 431,000 units in January. On a year-over-year basis, new home sales were 12.3% higher than February 2012. At the current sales pace, there is a 4.4-month supply of new homes on the market.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending March 22 rose 7.7%. Purchase volume rose 7%. Refinancing applications increased 8%.

Pending home sales, a forward-looking indicator based on signed contracts, fell 0.4% in February after a revised 3.8% increase in January. On a year-over-year basis, pending home sales were 8.4% higher than February 2012.

The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 0.4% in the fourth quarter of 2012. This follows a 3.1% pace of growth in the third quarter of 2012.

Initial claims for unemployment benefits for the week ending March 23 rose by 16,000 to 357,000. Continuing claims for the week ending March 16 fell by 27,000 to 3.05 million. The less volatile four-week average of claims for unemployment benefits was 343,000.

Filed Under: Investors, Real Estate Professionals Tagged With: Case-Shiller, Durable goods orders, gross domestic product, new home sales, pending home sales, Prospect Mortgage, Raul Camaligan, Standard & Poor's, unemployment benefits

Best Interviewing Practices

March 25, 2013 By Jeff Heib

A lot of us could use this advice when it comes to growing our business in the future. Thank you Raul P Camaligan, a loan officer with Prospect Mortgage, his phone # is 323-228-2663,or you can reach him at raul.camaligan@prospectmtg.com 

Best Interviewing Practices

If you’re looking for a candidate to hire, begin by preparing for the interview well in advance. Determine what skill sets, qualifications and background the interviewee must have. Ask the same questions of each candidate and have a system in place, such as a worksheet, to fairly judge one applicant against the other.

Do your part to put the candidate at ease. Relaxed candidates tend to give you a better view of what they’re all about. One tactic is to begin with open-ended questions that function as good ice-breakers. For instance: “Tell me what excites you most about …?”

As the interview progresses, shift toward more closed-ended questions: “Do you know how to write a business plan?” Also, use probing questions. These provide insight into behavior and workplace compatibility: “Describe a time when you demonstrated initiative?”

Past experience is not a guarantee of future performance. This is where case-method questions can be helpful. These questions examine how a candidate might react to challenges on the job. They can appear intimidating but they reveal problem-solving skills and analytical abilities. One such question is “How many barber shops are in Chicago?” In this case, the exact number isn’t so much the issue. The goal here is to see how the candidate approaches such a question.

Let the applicant finish each sentence, then pause before you speak. Take notes. Listen carefully for clear and succinct answers that demonstrate accomplishments and attitudes toward work. Avoid asking leading questions or telegraphing answers you desire to hear. Pay close attention to the questions a candidate has for you and the order in which they are asked.

At the close of the interview, it might be helpful to disclose where you are in the interview process — whether you’re beginning or nearing the end, and when you anticipate making a decision.

 

Filed Under: Real Estate Professionals Tagged With: job applicant interviews, Prospect Mortgage, Raul Camaligan

California passed the Carbon Monoxide (CO) Poisoning Prevention Act

March 22, 2013 By Jeff Heib

A big Thank You! to Raul Camaligan, a loan officer with Prospect Mtg for sharing this information. You may need to pay attention to this & save a life!

Did you know that California recently passed the Carbon Monoxide (CO) Poisoning Prevention Act, requiring that all single-family homes that have an attached garage, fireplace or fossil-fuel source have a carbon monoxide alarm installed.

Installation is quick and easy — usually just plugging into an outlet with a battery back-up. Many Agents are deciding to keep CO detectors on-hand to give to their clients before inspection if they do not have one.

The fee for not having a detector installed by the time of appraisal is $150 and a follow-up inspection will be required. Don’t let your clients suffer this potentially costly delay! If you have any questions about this requirement, or any other questions about the appraisal process, please give me a call!

Raul can be reached at (323) 228-2663

Filed Under: Investors, Real Estate Professionals Tagged With: california, carbon monoxide detector, Carbon Monoxide Poisoning Pervention Act, CO detectors, Prospect Mortgage, Raul Camaligan

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Standard Mortgage Financial Services, Inc.
6700 Indiana Avenue Suite 220
Riverside, CA 92506-1827
Phone (951) 686-9639
Toll Free (800) 476-5626
Jeff's Direct Line (562) 806-2921
Fax (951) 686-0361
California BRE #01211863

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