Ask The Underwriter: I'm going to start some trouble at the end of the month!

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Education & Training with Alpha Mortgage Training

 I received 2 phone calls today both after 7pm!  Both were very angry phone calls regarding conditions that were impossible to get.  It's the end of the month everyone's cranky, no one's closing the amount of loans they want to, etc....

Okay 3 things and then I'm outta here before NO ONE lets me contract anymore!

 

1.       What do the guidelines say?                               

2.       Did you meet the guidelines?

3.       Does the condition fall within the guidelines?

Now If your file is not strong (appraisal, job history, credit) or fraudulent (yea..I know....like someone would admit it!) let it go.

Like I said....that's all I have for you. Any questions?

Check out my website:

                               

 

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Anonymous
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Rainmaker
44,559
D. Bass
Blog: Ask The Underwriter
Alpha Mortgage Training

Bob....they were my friends!  I was just helping out (as usual).  Also that condition is exactly what I'm talking about!  Show me that in the guidelines.  All zero balance credit cards have the potential to be charged up later....and by the way: You are definitely talking to an underwriter that ask the question: "How do we make this deal work"  I'm glad to know you'll be reading my post. 

Jason...Thank you!  Please take advantage of the asktheunderwriter@alphamortgagetraining.net email.  I answer underwriting questions and help with different scenarios...

February 28, 2008 11:28 AM
Rainmaker
44,559
D. Bass
Blog: Ask The Underwriter
Alpha Mortgage Training
Joe...On staff underwriters are the best.  It bridges the gap that develops between sales and support.
February 28, 2008 11:29 AM
Rainmaker
179,046
Jackie - computer-training-atlanta.com
770.498.7333

D - I just wanted to leave this quick note to let you know how valuable this blog is - I hope a lot of originators & processors read these posts because I can see how the information will help them increase their closings.

 

March 03, 2008 12:28 PM
Rainmaker
44,559
D. Bass
Blog: Ask The Underwriter
Alpha Mortgage Training

Jackie,

Thank you so much for the support.  I Hope you tell 100 of your closet mortgage friends! 

March 04, 2008 11:44 AM
Rainmaker
245,524
Katrina Madewell
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196
D - Just tell them to go get a life!   ...Well that is a fun thought anyway!   Some of these 'newbie's' need to chill out and remember you are just trying to do a job here... and a good one like the rest of us!
March 05, 2008 12:24 AM
Anonymous
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Rainmaker
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D. Bass

Blog: Ask The Underwriter
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