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banks: Two EVIL words for Realtors & Lenders ALIKE to get to know..."Undue Influence"...IMPORTANT information on HVCC rules! - 06/19/09 04:17 PM
Much like many of my posts, I am inspired by something that happened to me, is happening, or has happened to someone else, or in this case, a blog by another ACTIVE RAINER. I spoke to a couple of senior members on this website before I posted this information, because I had considered linking to the blog that inspired me, as well as some of the comments that had been left.. Well, after much thought, I have decided to just post information instead...and let everyone reading draw their own conclusions!
This is a VERY evil two word phrase right now, … (79 comments)
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banks: Mortgages: SO EASY A CAVEMAN can do them! - 06/17/09 10:41 AM
Apparently, the general consensus amongst many people is that Mortgages are easy to do and that communication solves everything! Well, today I have decided to give everyone a glimpse into my life in the Mortgage business. True enough, maybe the actual MORTGAGE is easy, but it is the "hunting & gathering" that is the problem! I realize that many people can already appreciate that things have become more challenging, but I truly want you to know that I AM NOT A CAVEMAN and it is not easy!
8:08 am, got to office, large coffee.
Turned on computer, checked email, had 38 … (96 comments)
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banks: Search & HOLD!!! SEARCH AND HOLD....SEARCH & HOLD! - 06/10/09 02:22 PM
"A Search and Hold provides information of record as to the current property owner, to be used for reference when listing a property."
This product also advises the Realtor and Lender of any potential pitfalls such as an IRS lien, unreleased mortgage, 2nd or 3rd mortgage,lis pends, other names in title, divorce's old & new, as well as trusts etc..etc...etc...etc..! In addition, it shows AMOUNTS OWED....that allows EVERYONE to JUST DO THE MATH!
I REALIZE that Realtors already UNDERSTAND what this is! so...please dont attack me for being BASIC!HOWEVER, I don't understand why they are not used as often as … (6 comments)
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banks: "Warning Will Robinson, Warning" - New 4506t Issue concerning Calyx Point! - 05/15/09 11:13 AM
WARNING for All Calyx Point Users!
Just 3 days ago, I had the new rules with the 4506T Request for Tax Transcripts affect my ability to close a loan as well as be efficient! I am upset about it too! I was on the phone with Calyx Point for about an HOUR trying to fix it, and right this minute it STILL is not fixed!
I DID NOT LISTEN TO MY OWN ADVICE!!! Arghhh
Now, I am not upset at Wells Fargo...In fact, I am one of the few probably that LOVES working with Wells Fargo. HOWEVER the issue on … (6 comments)
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banks: Mortgage Broker vs Mortgage Banker Vs Bank. "What you talking bout Willis?" - 05/05/09 03:48 PM
Recently, I have been noticing a LARGE number of blogs on AR and other sites, talking about TOPICS in the Mortgage Business, and it is clear to me that the general public, as well as Professionals within our industry, are not noticing the differences of perspective that these blogs are coming from! Soooo....I am going to TRY and simplfy it for everyone! I by the way, have been all three of them!
Mortgage Broker
The "matchmaker" between a homebuyer and/or person refinancing their home, and a lender with the goal of originating a mortgage loan. The Broker draws … (2 comments)
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banks: MY FIRST 6 MONTHS WITH AR! Remember, "Rock em Sock em Robots?" - 05/02/09 10:22 PM
Well, after my first 6 months witih Active Rain, I thought I might share my questions, comments, observations, suggestions, problems, antics, and issues that I have encountered in a very short period of time!
So far, my overall impression of ACTIVE RAIN, is that it is a "combination" of 145,000 people all playing "rock em sock em robots". It is BLUE (ego) vs. Red (actual working knowledge). The Mortgage / Realestate Industry has a way of "pitting" people against each other! Good or bad, we have to work smarter not harder, and ALWAYS be open to suggestion and be willing to … (15 comments)
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banks: Holding Fellow Lenders to a higher standard! Misinformation is the leading candidate for confusion! - 02/06/09 11:36 AM
Today, I am furious!
Why you ask?? Well, let me tell you EXACTLY WHY!!
The hear no evil, see no evil, speak no evil, moronic monkeyman posts I have been reading lately are ticking me off! Why?? Because I spend all day responding to comments, posting and reposting the correct information, and more importantly trying to "RAISE THE BAR" within our industry! For YEARS, we lenders have blamed REALTORS, the liberal news media and others for our OWN mistakes! NOW, today, I completely understand why! My friends and I that are in a small group here … (16 comments)
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