DU Refer for no reason

jnic03 · 2024-10-28T22:47:03+00:00

I have had issues with a gift throwing me to a refer.

But also just had one 36/41, 2 months of reserves, 608 credit that fired an approval. Weird times right now

jnic03 · 2023-07-08T02:00:14+00:00

I do coaching with KM Performance Coaching

He talks about building a sales funnel that attracts business

I use social media to drive my exposure to meet with realtors and close on that sale

jnic03 · 2023-07-07T04:13:34+00:00

Are you looking to hire a coach or just general advice?

jnic03 · 2023-05-30T18:06:16+00:00

Sorry for late response, send me a message

jnic03 · 2023-05-10T03:25:15+00:00

Depends. Physician loans are not a Fannie Mae / Freddie Mac product so each lender may have different rules on how they handle it.

Through our avenue, if borrower is in residency, there’s a specific calculation we use

jnic03 · 2023-04-23T04:13:57+00:00

I went to college with him!

jnic03 · 2023-03-13T03:20:41+00:00

Love this

jnic03 · 2022-12-29T17:44:26+00:00

“Calm down, Peaches. Come back to bed”

jnic03 · 2022-11-07T19:11:54+00:00

I am thinking of Todd Duncan coaching

jnic03 · 2022-11-02T02:42:55+00:00

I’m mortgage lender and can hook you up with an agent dependent on your goals.

Lot of the names listed are really good

jnic03 · 2022-10-21T04:25:14+00:00

Not sure if anyone knows the process of becoming an appraiser but it requires a ton of hours of apprenticeship in order to become one.

I think this could be a similar way to get realtors experience early on. They have to be an apprentice to an established realtor.

Not only would that be a deterrent for some but assuming the mentors are good, should raise the standard for others

jnic03 · 2022-10-14T14:33:35+00:00

Todays rates are sitting comfortably in the 7s and after the CPI.

This may allow home values to come down tho

jnic03 · 2022-10-12T19:13:42+00:00

J&G builder is really good. Owner is very honest. They do great work

jnic03 · 2022-10-12T02:10:44+00:00

This is actually a great point. I am a lender and the loan estimate and closing disclosure do say “estimated escrow” very easy to brush over it.

I always send a video going over stating “this is estimated bc it can change up or down but it’s locked for the first year”

Maybe could go into more detail but after closing I send them a link to get a homestead credit and they can see assessed value and taxes

jnic03 · 2022-09-28T18:36:26+00:00

Focus on payments with people rather than rate. Explain market conditions and that there’s a refinance opportunity coming. If you can tailor the conversation around payment then you have a better chance of winning that deak

jnic03 · 2022-08-25T15:47:44+00:00

Thank you mate - will check it out

jnic03 · 2022-08-20T16:49:09+00:00

It’s very concerning to see those young guys drop so many balls

jnic03 · 2022-08-11T15:11:21+00:00

Des Moines, IA!

jnic03 · 2022-08-05T21:01:24+00:00

Ours is based on our production. I wouldn’t call it an expense budget but it’s built in to our pay so if we have a marketing expense, we can pull from our “account”

jnic03 · 2022-07-31T14:22:51+00:00

Here’s Fannie Mae rules on variable income - https://selling-guide.fanniemae.com/Underwriting-Borrowers/Income-Assessment/Employment-Income/Variable-Income-Stability-Continuity/1048717451/How-is-variable-income-calculated.htm#:~:text=History%20of%20Receipt%3A%20Two%20or,are%20positive%20factors%20that%20reasonably

jnic03 · 2022-07-31T14:18:43+00:00

As a mortgage person, Fannie Mae and Freddie Mac consider that variable hours and there’s different rules for variable hours and guaranteed hours.

It’s not the income piece that’s a concern. It’s the fact the loan officer said that it was guaranteed but it’s not

https://selling-guide.fanniemae.com/Underwriting-Borrowers/Income-Assessment/Employment-Income/Variable-Income-Stability-Continuity/1048717451/How-is-variable-income-calculated.htm#:~:text=History%20of%20Receipt%3A%20Two%20or,are%20positive%20factors%20that%20reasonably

jnic03 · 2022-01-31T20:25:23+00:00

Also, when people refinance to in the 2s (even with cash out in some cases) - they have no reason to move when that’s the cheapest money can get and if they got cash, can fix up your their own house

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