mortgage broker: Using Those "Nasty Little Tricks" to "Test" a Potential Mortgage Person - 09/14/09 12:56 PM
This comment, which appeared over the weekend on a featured post made me extremely uncomfortable:
"One of my nasty little tricks is to coach Realtors to ask my competition to explain APR as a knowledge test."
Okay, everyone, let's not use hidden agendas when we connect. Why not? Because "nasty little … (17 comments)
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mortgage broker: Buying a Laptop...Looking for Thumbs Up or Thumbs Down Input - 08/28/09 11:49 AM
I am buying a laptop and need your help.
If you are my reader, you know I am no computer geek.
But I do write alot, and get inspired in the weirdest places.
I have a fuzzy dream of writing on my laptop on a beach somewhere while palm trees sway … (7 comments)
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mortgage broker: Why Recommending A DIRECT LENDER Could Make You Choke on Your Coffee - 08/21/09 02:27 PM
Why do Realtors like to recommend DIRECT LENDERS?
Could it be that somehow the lenders who are dumping foreclosures have brainwashed Realtors by insisting that anyone making an offer must be approved with a DIRECT LENDER?
Or is it because you believe that an approval from one of those BIG BOX … (56 comments)
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mortgage broker: Seriously. Does Anyone Really Want to Look at Your Picture While They Decide Between Cheerios and Raisin Bran? - 08/14/09 01:01 PM
Question: Why would anyone want to advertise by putting their picture on a grocery cart? At least in my neck of the woods, no grocery cart is complete without a real estate agent on it.
Is there some association with buying a couple of pork chops for dinner and looking … (19 comments)
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mortgage broker: If Closing a Real Estate Transaction is Like "The Bachelor" Who Gets the ROSE? - 08/04/09 01:10 PM
While aimlessly cruising through the blogosphere the other day, I came across a post written on an outside blog discussing ActiveRain mortgage people.
Naturally, I was more than a little interested.
It was this comment that got me thinking about the uneasy relationship that exists between Realtors and Mortgage people:
… (82 comments)
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mortgage broker: Have We Kicked Mortgage Brokers to the Curb Too Soon? Why Mortgage Brokers Will Survive - 07/28/09 11:20 PM
Today I got an e-mail asking me this: Are mortgage brokers going to survive this economic meltdown?
My answer is YES, and it comes from my experience as an AUTO BROKER.
Over the last 25 years , franchised auto dealerships here in California have done everything in their power to get rid of auto brokers.
Because dealers … (51 comments)
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mortgage broker: What Mortgage People Haven't Said About HVCC: That Monkey Is Off My Back (And I'm Glad) - 07/18/09 09:33 PM
Since HVCC reared its ugly head, I have one less job to do as a mortgage person. I don't need to CANNOT order appraisals.
You see, I am forbidden from talking to appraisers (obviously my amazing ability to brainwash appraisers coupled with my ruthless quest for a commission render me completely … (182 comments)
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mortgage broker: Why You Need A Barf Bag When You Apply For A Mortgage - 07/09/09 10:58 AM
Because I am in the trenches of mortgage madness daily, let me just tell it like it is: Getting a mortgage these days is NOT A PLEASANT THING.
Why is this? Because quite honestly, BANKS ARE NOT A PLEASANT THING.
They are woefully understaffed:"get in line, we'll get to you when we … (20 comments)
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mortgage broker: HVCC Loan Busters! The "Too High" Appraisal Can Bite You In the Butt, Too - 06/10/09 12:09 PM
They say you can't be too rich and you can't be too thin. But can an appraisal be too high?
I am fighting my first HVCC appraisal issue, so please don't laugh when I tell you my problem: The appraisal is TOO HIGH.
The appraisal came in $65,000 OVER the contract … (26 comments)
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mortgage broker: Before You Bash Your Mortgage Broker: Take This Test - 06/05/09 07:27 PM
Test question: What do the following 3 situations have in common? Your answer can only be one word.
An increasing number of frustrated Realtors posting on ActiveRain about late closings and bashing complaining about mortgage people
Frustrated customers at dealerships who cannot get the cars/trucks they want.
I have been waiting for … (119 comments)
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mortgage broker: Your Appraisal is Late and More Expensive, But It Is Wearing a Halo. Thanks, HVCC. - 05/04/09 02:09 PM
Welcome to Home Valuation Code of Silence Conduct. On May 1, a little thing called HVCC changed things around the real estate universe.
Mortgage brokers can no longer:
Select their own appraisers
Have ANY conversation with appraisers about the property being sold.
We all know the cat should never be allowed near the canary cage. You know how easily those canaries can … (82 comments)
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mortgage broker: Taking Buyers Hostage: The Somalian Pirates Who Have Hijacked the Real Estate Industry - 04/21/09 02:59 PM
"We need to make sure the buyer is qualified before we take the house off the market". Do you think that is real reason banks insist they need to approve your buyer ALL OVER AGAIN?
That would be like the Somalian pirates telling the ship captain they are coming aboard his ship to "inspect his cargo".
"But", … (45 comments)
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mortgage broker: Why Every Listing Deserves A Loan More Than A Chicken Salad Sandwich - 04/01/09 12:27 PM
Do you think it would be easier to sell a Toyota by offering your client a chicken salad sandwich? Or by having 3 payment examples already on paper....and a finance person ready to help them?
Recently, I walked into a 1.4 million dollar home being held open by some local Realtors. … (65 comments)
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mortgage broker: A Millionaire Buyer, A Low Appraisal and the Realtor Who Fell Apart: Can This Deal Be Saved? - 02/12/09 12:33 PM
THE MILLIONAIRE FINDS HIS DREAM HOUSE
When a 30-something California millionaire had his offer accepted on an exquisite lake view property, he was beyond thrilled.
The listing agent, who would be selling another home to the seller, was overjoyed. The selling agent, (more accustomed to selling $200k foreclosures to first time FHA buyers), could not … (30 comments)
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mortgage broker: The Hidden Agenda of Banks: Why Mortgage Brokers Will Become Extinct - 02/07/09 10:57 AM
WILL THE LAST MORTGAGE BROKER ON EARTH PLEASE TURN OUT THE LIGHTS?
Will there soon be a day when the last mortgage broker on earth quietly turns out the lights, sadly looks back, then joins the other victims on the growing list of economic extinction?
Are mortgage brokers being squeezed out … (159 comments)
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mortgage broker: A Rare Tell-All On ActiveRain: 20 Secret Things That REALTORS Wish Mortgage Brokers Knew - 02/05/09 09:33 AM
When the following post was written, the title asked "Why Do Realtors Trash Marketing From Mortgage Brokers?" Somewhere in the discussion (97 comments at this point in time), our passionate Realtor community here on ActiveRain decided to drop 2 words from the title and engage in a rare tell all.
Those 2 words were "Marketing From".
… (74 comments)
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mortgage broker: Time Wasters and Heart Breakers: The End of Loans That Blow Up? - 01/28/09 06:03 AM
What percentage of buyers did you get into contract last year that blew up in your face because the loan fell apart?
With the actual ratio of applications to loan closings running at about 50%, that means all of us in the real estate business spent a lot of time last … (72 comments)
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mortgage broker: Is It Okay to Fire a Client Because She Just Isn't Worth Your Time? - 12/29/08 08:13 PM
We work so hard to GET clients that often the most difficult thing you can do is fire a client.
Why should we EVER fire a client? Here are my 3 top reasons that are non-negotiable:
Verbal abuse. They believe it is okay to yell, scream, and threaten. It is not. … (34 comments)
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mortgage broker: Losing the PRIVATE OFFICE, and Why I'm Happy About It - 11/06/08 10:42 AM
Private offices for mortgage brokers, once a common thing, are becoming obsolete.
You already know why: mortgage companies, just like my former company, are closing and/or consolidating locations in an attempt to slash costs in this continuing credit crisis. So many people have left the business, and so much work can … (15 comments)
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mortgage broker: Waiting for the World to Change and Other Refinancing Mistakes - 09/23/08 01:41 PM
We recently caught a rare glimpse of what lies bubbling beneath the surface of this soup we call the MORTGAGE MESS.
They are the SILENT MAJORITY who didn't walk away from their mortgage. They stayed, paid, and prayed.
And guess what? Not only do they WANT to refinance, they just … (19 comments)
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