Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Do you know what an Underwriter is looking at when evaluating your loan?
If you don't, you should.
Every Mortgage Professional should know how to underwrite a file as well as know the difference between good and bad risk.
There is a level of risk in every loan. The key to success is to understand the difference between good risk and bad risk.
Most of you have probably heard the term: Layers of Risk but do you fully understand what that means? What exactly does Layers of Risk mean and how does it affect your loan? The assessment of risk is based on the 3 C's; Credit, Capacity and Collateral.
Credit (Willingness to repay)
Adverse of derogatory credit information (or Credit Score)
High Balance-to-limits (>50% of high credit limit in use)
High overall utilization of revolving credit (>60% of revolving accounts are in use). Are they a "heavy" user of debt?
Credit history for a short duration
Do they have any delinquent credit? If so, what is the nature of the delinquency and is it likely to continue? Are there collections? If so, for how much and what are they i.e. Medical, Non-sufficient Funds Checks, Non-paid Utilities, etc. This is an important aspect because it can tell an underwriter if the borrower might simply ignore obligations.
Capacity (Ability to repay)
A housing payment-to-income ratio in excess of guidelines
A debt-to-income ratio in excess of guidelines
How long has the borrower been on their job or in their field of employment?
How much of the borrower's monthly income goes directly to expected durability, in other words do they have residual income after all personal debts are paid including the mortgage?
Cash-out Refinance (especially to Max LTV or to pay off high balance revolving debt)
No reserves to "fall back" on in the event of an emergency or employment change
Payment Shock: Is the borrower's payment increasing substantially, especially when there is not a pattern of savings from their previous payment?
While some "higher DTI's" may be within guidelines, that doesn't mean the borrower can afford their obligation(s)
Collateral (The Property/Appraisal)
Low equity/down payment
Maximum financing (especially if a Cash-out transaction)
Investment property, 2 to 4 Unit property, Manufactured Home or Condo
What is the condition of the property?
Are the comps good and within reason for the subject?
Has the appraiser established the marketability for the subject in that neighborhood?
Is the price / value within reason for the price range in the neighborhood?
Are there other more "like" comps the appraiser has not used?
Did the appraiser use comps that have sold within the past 90 days and listing/pending sale comps that also support the value?
Is the property in a declining market or high foreclosure area?
In today's highly critical environment it is important to you, your borrower and to Assurity Financial that when you submit a loan you KNOW it's going to get approved the first time an Underwriter looks at it . . . And if they happen to not see it from your point of view, you need to be able to make a sound, logical argument built on industry standard underwriting risk.
****Email Me Directly if you have any quesstions***
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.