Dominick's Blog
With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed.
No one wants a yes man who just says they can get deals closed.
RECENT BLOG POSTS
I have a borrower who has not been up front at all with regards to his refi Occupancy(said 2nd home but its investment), employment info(not on job as long as he told me), and he has the house listed on MLS!!!!!! I finally get around the MLS issue and am moving forward on the loan but he has been...
05/30/2007
In sales you ALWAYS have to be ready for business. You never know who you are going to met or where you are going to meet them. Every single person you bump into on any given day is a potential client. Now I'm not saying go out there and say "hey you need a loan" to every person you bump into but...
05/30/2007
10 Long Pond Rd Armonk, NY-My freinds Listing $1,950,000 Client Detail with Addl Pics ReportListings as of 05/10/07 at 12:19pmActive 05/08/07Listing # 271483210 Long Pond Rd Armonk, NY 10504-2625Listing Price: $1,950,000County: WestchesterSee Map Prop TypeSingle FamilyProp Subtype(s)DetachedAreaN...
05/16/2007
Most of the loans i get are from clients in westchester, putnam, dutchess and rockland counties.....sometimes even further upstate and i have alot of family on the Island who refer people to me. I rarely do loans in the 5 burroughs of NYC. Im doing one now for 280k and the Mtg tax is $5010?????!!...
05/16/2007
Lets be honest................. a pre approval means NOTHING. Anyone can make it up and the loan can be killed own the road when all docs are reviwed. Thats not the way i personally operate. If you get a pre approval from me you can take that to the bank.....LITERALLY!!!!!! When i meet with a cli...
05/14/2007
I'm Here to clear up that myth for everyone out there. It's a half truth that needs to be explained. If your credit is run a few times(lets say 3) in a 2-3 week span its not going to drop your score like that Urban Legend everyone is telling you. Credit companies understand that your score needs ...
05/14/2007
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Comments
I have never been the type of LO that would say anything to get a client or to get realtors to send me clients. I have always just told the truth(even when it was something clients did not want to hear) I try to overquote a rate and closing costs just a bit as opposed to underquoting a client. If...
05/13/2007
Client Detail with Addl Pics ReportListings as of 05/10/07 at 12:19pmActive 05/08/07Listing # 271483210 Long Pond Rd Armonk, NY 10504-2625Listing Price: $1,950,000County: WestchesterSee Map Prop TypeSingle FamilyProp Subtype(s)DetachedAreaNorth CastleVillageNoneStyleRanchStories2 StoryBeds4Total ...
05/10/2007
Im going to just say it I HATE CO-OP DEALS!!!!!!! Normally you are just dealing w your borrower and the property........with co-ops there are items that are required from both the board and the seller in order for the loan to go through You not only have to have the buyer approved byt the co-op a...
05/10/2007
Im not going to mention names or companies just a scenario: An AE for a lender i have never used before kept calling and emailing me asking for my business. I told the AE straight out"i used to be an AE years ago so i know what its like. I will give you a shot and see what you and your company ca...
05/06/2007
With all that is going on today especially with the sub prime market i think that realtors will need a Mortgage banker whos knowledge can get their deals closed.
No one wants a yes man who just says they can get deals closed.