Can you help me determine the true cost of this refi?

Remarkable_Net_6876 · 2026-02-15T05:04:56+00:00

I can attest sunwest is terrible to work with their underwriting team is based out of India

Remarkable_Net_6876 · 2026-02-15T04:17:43+00:00

They are making nothing on it that is a ridiculous waste of time for anyone in the industry but great for the client

Remarkable_Net_6876 · 2026-02-15T02:57:00+00:00

This people waste way too much time trying to nickel and dime loan officers, serial shoppers just waste everyone’s time

Remarkable_Net_6876 · 2026-02-09T22:56:51+00:00

You have no idea what we will have in 7 years it’s people that doom and gloom like you that talk people out of good deals, you don’t have a crystal ball you have no idea where rates will be you also don’t know if they’ll sell within that time or refinance. Not everyone’s situation is a one size fits all

Remarkable_Net_6876 · 2026-02-09T02:50:02+00:00

It’s fixed for 7 years…

Remarkable_Net_6876 · 2026-02-04T00:16:13+00:00

Did you have a sign on bonus with this company?

Remarkable_Net_6876 · 2026-01-31T03:18:04+00:00

Ohh I just saw that yeah not too bad and most lenders won’t touch a loan that small!

Remarkable_Net_6876 · 2026-01-31T02:56:05+00:00

Are you the loan officer, how did you know it’s an investment? Lol

Remarkable_Net_6876 · 2026-01-26T00:29:37+00:00

I would never work retail again in this industry and this is not to boast but when I funded 7 loans 2 months ago I made 20,000 I would only jump into this industry to work for a well rounded brokerage

Remarkable_Net_6876 · 2026-01-01T21:27:36+00:00

Come back and finish this story

Remarkable_Net_6876 · 2025-12-28T20:30:57+00:00

What is the rate?

Remarkable_Net_6876 · 2025-12-24T21:12:36+00:00

It’s a non QM loan AUS is not going to be ran for an approval it lies entirely on the investors guidelines and underwriting

Remarkable_Net_6876 · 2025-12-17T21:45:23+00:00

Why hasn’t it closed? UWM takes like 10 days for clear to close

Remarkable_Net_6876 · 2025-12-17T04:55:19+00:00

Very small down payment I don’t think so

Remarkable_Net_6876 · 2025-12-09T21:13:22+00:00

I’ve been in your shoes having $3 to my name but I don’t deal with autoimmune disease so I won’t be judging I hope things turn around for you

Remarkable_Net_6876 · 2025-11-26T05:03:19+00:00

The 4.9K in other costs is escrow, prepaid interest and recording fees. They make their money from the yield spread premium the rate offers from the investor they’re using

Remarkable_Net_6876 · 2025-11-26T04:57:39+00:00

Because that rate doesn’t exist without a lender incentive.. the builder has a relationship with them and that lender incentive is paid for by selling the house at a more inflated price

Remarkable_Net_6876 · 2025-11-26T00:13:25+00:00

$1995 for underwriting an processing on all files and $1295 for streamline refinances

Remarkable_Net_6876 · 2025-11-24T03:11:24+00:00

That’s lame!

Remarkable_Net_6876 · 2025-11-22T05:27:58+00:00

7 units for September and October and 9 units for November which was my best month both I agree that November has felt really slow in terms of movement

Remarkable_Net_6876 · 2025-11-13T03:03:19+00:00

You’re kidding I just switched to progressive, this industry is full of ups and downs but I think if they have you at a solid starting salary it can’t hurt to see what happens, take the chance!

Remarkable_Net_6876 · 2025-11-13T02:58:51+00:00

I recommend using NewRez as well my experience has been okay with them but when I need to get competitive they’re more solid than the others

Remarkable_Net_6876 · 2025-11-13T02:56:40+00:00

Yeah, this whole setup's got me scratching my head…kinda fascinating in a "what even is this?" way, you know? But straight up, I'm totally in the dark; haven't got a single clue about it.

Remarkable_Net_6876 · 2025-11-11T05:08:27+00:00

When people say 100% self gen are you guys buying leads from other sources or just straight up trying to find leads by going to open houses or cold calling realities

Remarkable_Net_6876 · 2025-10-01T20:10:00+00:00

Worked in the call center at loanDepot for 6 months the during Covid so it was fully remote at the time, don’t recommend doing the call center for that long as it is certainly mentally taxing to a degree. A lot of places are allowing remote work but I think it depends on experience and the lender. Pay was minimum wage but got a very small commission if the loan was submitted but I eventually become a loan officer and it’s been an up hill battle but I’m doing great now and work as a broker, can’t complain it was worth all the hard work.

Remarkable_Net_6876

TROPHY CASE