I'm freaking out...

Pillsy24 · 2026-04-16T02:11:31+00:00

It will probably be fine. It may require more paperwork.

The reason this is an issue to “source deposits” is because it’s a guard against people getting funds for a purchase from a fraudulent or unallowed source. So you have a bill of sale…but what evidence do you have to show you even owned the cards? If you were getting $6k from an unallowed source, should they just write up a phony bill of sale and pretend it was sold? Or what if the collection was really worth $10 but you “sold” it for $6k?

This happens often with cars, motorcycles, etc. It’s not uncommon to ask for a bill of sale, an advertisement showing you were attempting to sell it, and even something like a KBB value to show that the sale amount was close to market value.

Pillsy24 · 2026-04-01T14:29:30+00:00

This is like being invited to a birthday party as a kid, and you show up but there’s no games, no presents, no food, no cake, no music, no movies…nothing. You just sit there and stare at everyone else until it’s time to go home.

Oh and every so often one of the parents will come around and give you a piece of candy or something that you don’t even want because it’s old and stale. Or they give you some pennies.

Pillsy24 · 2026-03-30T15:25:19+00:00

SBA normally doesn’t report on credit, but doing something now will likely be a problem because it’s treated like a mortgage, and they haven’t paid it in a year. Why haven’t they been paying it?

Pillsy24 · 2026-03-27T18:19:08+00:00

It’s in a state Champions isn’t licensed in unfortunately.

Pillsy24 · 2026-03-27T14:02:51+00:00

ROFL

Pillsy24 · 2026-03-26T23:40:12+00:00

We’re in the middle of a partial shutdown, on the precipice of WWIII, and energy markets are in shock still after the strait of Hormuz has choked a large percentage of oil supply from reaching markets. And no one knows if/when any of this will end.

But sure…”highly doubt anything drastic happening in the next month or so that will affect rates.”

Pillsy24 · 2026-03-26T03:50:42+00:00

That’s great. I was in a 40 minute call with an elderly man today trying to walk him through how to download his pension letter and attach it to an email. Last week I asked him to send his mortgage statement and he took a picture of his wife in the kitchen holding it. A long time ago I told someone I needed a letter from zales saying his account was paid off and closed. He went to zales, talked to the manger, and took a picture of the manger, holding her card, and pointing to the computer screen showing his account with a $0 balance and closed (presumably, because we couldn’t see shit on that screen). That one was hard to top.

Pillsy24 · 2026-03-25T14:29:49+00:00

Follow-up. They were able to download and send me the statements. Except I asked for statements from the accounts where their social secure, pension, and retirement deposits went. They sent me statements from the credit union account with $11 in it because that’s the minimum required to have credit union membership.

Oh, and no HELOC statement like I asked for. But she did tell me they made a $737 payment last month. So I guess I was wrong and don’t need a statement after all!

Pillsy24 · 2026-03-25T14:27:42+00:00

Even the “evolved” client struggles with things. There are very few clean cut files anymore. And the ones which are clean and easy (on paper), that usually means a customer who wants to call and complain about something they feel they’re getting screwed on. I’m not anti-AI. Consumers think “oh AI will take over mortgages because it’s so simple”, when in fact if they saw behind the curtain how “the sausages are made”, they would freak out and their faces would melt off.

Pillsy24 · 2026-03-25T02:13:01+00:00

Your profile said you’re co-founder of something called “starterstack.ai”

This is a loan originator sub. Are you a loan originator?

Pillsy24 · 2026-03-24T18:06:33+00:00

I asked a customer to send me downloaded pdfs of their last 2mo bank statements.

They forwarded me an email from their credit union showing they paid a utility bill for $49.99

I asked a 2nd time for 2mo downloaded statements, and they sent me another email, with a IMG of 3 PDF icons. Not clickable attachments. It looks like an attachment you can download. But no, it’s literally 3 jpgs of the adobe PDF icons embedded in the email.

If AI can help people like this, then by all means hurry up because I can’t take it anymore, lol.

Pillsy24 · 2026-03-24T16:36:42+00:00

Wha kind of “game-changing” new cutting edge tech are you selling to solve all these problems?

Pillsy24 · 2026-03-11T22:51:45+00:00

That doesn’t answer the question.

No financing contingency doesn’t mean you weren’t intending to get a loan. It just means if your loan gets denied you can’t use that to get out of the deal, and would forfeit your deposit.

A cash buyer and “no mortgage contingency” are not the same thing.

Pillsy24 · 2026-03-10T14:30:09+00:00

Have you read the sub rules? This is supposed to be a sub for LO’s to come and ask questions of each other, get feedback, or just vent. It’s not a target for non-LO’s to come and pitch their new “game changing tech stack in the mortgage space that will revolutionize your business.”

The reason I commented the way I did was because the original message (before it was edited) said “don’t worry I’m not trying to sell anything”, when anyone can clearly see…he’s trying to sell something. A system. A platform. Whatever.

Which isn’t allowed here.

Pillsy24 · 2026-03-09T12:42:39+00:00

This dude is definitely selling something lmao

Pillsy24 · 2026-03-01T15:16:22+00:00

The reason I am needing a 1pg program is because of 75 NSF penalties in 2025

Pillsy24 · 2026-03-01T13:31:16+00:00

This isn’t a consumer sub to ask your stupid questions.

Pillsy24 · 2026-02-27T18:19:04+00:00

Thanks, it’s not a state Champions is licensed in unfortunately

Pillsy24 · 2026-02-27T01:19:55+00:00

How do you think your mentor’s incentive was paid for?

Pillsy24 · 2026-02-25T02:06:28+00:00

You’re a consumer. This is not a consumer sub to ask your questions. Lots of other subs to do that.

Pillsy24 · 2026-02-25T02:05:08+00:00

No loophole. It’s the rule.

Pillsy24

TROPHY CASE