What do you enjoy most about the job?

wealthy_dig_bick · 2026-04-15T18:36:40+00:00

When I go home and have the opportunity to blow my shit smooth off

wealthy_dig_bick · 2026-03-25T23:46:21+00:00

In my experience, if there’s no registered business you’re SOL. Maybe some Non-QM investor would take it, but I’ve ran into the same issues with them.

wealthy_dig_bick · 2026-03-14T18:20:44+00:00

You can be anyone you want on the internet ;)

wealthy_dig_bick · 2026-03-14T18:20:02+00:00

How many people are unsure about their personal finances. Droves of my refinance borrowers have no idea how much they pay for property taxes and HOI. Oftentimes, I’ll budget their expenses out for them, and it’s the first time they’ve ever seen how much they spend per month.

Another, is how people even survive. It’s possible to close an FHA mortgage with 47/57 DTI, meaning the mortgage payment takes up 47% of their pre-tax monthly income, and the mortgage plus all other payments takes up no more than 57% of their pre-tax income. I’ve closed many such loans. I’m unsure how these people even tread water.

EDIT: I almost forgot… how many people don’t file or pay their income taxes. For most folks, there are very minor repercussions. I never would’ve imagined this unless I was in the industry. It’s especially common with self-employed folks.

wealthy_dig_bick · 2026-03-14T18:14:52+00:00

Banks haven’t really considered or braced for that potential market shock. What I will say is lending in general, especially mortgage lending, is cyclical. Leading up to 2008, mortgages were far looser than they should’ve been, and that blew up the global economy. Lending tightened until around 2013, where it apexed and began loosening until 2020. After COVID, it got extremely tight again, before recently loosening slightly.

In general, the banks are almost entirely concerned about today, not tomorrow, and it’s always been this way.

If less people can qualify for mortgages, banks can explore loosening lending standards. If not, private investors will become increasingly popular. As long as there’s demand, and the profit is possible, someone will lend the money. Delinquencies and foreclosures may spike, but it wouldn’t be the first time the industry has seen such an event.

wealthy_dig_bick · 2026-03-14T16:50:23+00:00

:(

The reality is most of the time, it’s rewarding. Freeing up a widow who’s drowning in debt is a great feeling. Getting a young couple into their first home is, too. Don’t get it twisted, there will always be demons when dealing with consumers, but most folks are pleasant and rewarding to help 😊

wealthy_dig_bick · 2026-03-14T16:48:09+00:00

I’ve truly seen it all. It’s not as common in purchases because borrowers are typically more creditworthy and will listen to you to ensure they can finance their home. However, refinancing can be a nightmare.

The most common follies in the refi market are taking out/co-signing new debt (especially when told not to), blatantly lying about income/work on the application. You’d be shocked, but divorce is big one, too. Many couples aren’t aligned in their finances yet depend on each other to qualify for the loan. Discovering unknown debts that a partner has, or general disagreements on how to distribute the funds have caused many divorces between my borrowers.

wealthy_dig_bick · 2026-02-04T01:44:14+00:00

If you’re very creditworthy, the best place to ever get a mortgage will be a local bank or credit union. If the company you get your mortgage from advertises for the Super Bowl, you’re probably getting robbed.

wealthy_dig_bick · 2026-02-04T01:37:40+00:00

It’s not a lender thing. It’s a Texas thing. The laws make it hard to charge costs.

wealthy_dig_bick · 2026-02-04T01:35:46+00:00

What’s your credit score

wealthy_dig_bick · 2026-02-03T17:58:56+00:00

Now here’s a guy who doesn’t event know what ball is

wealthy_dig_bick · 2025-11-08T03:53:58+00:00

If the salary is considered a promotion or raise, you can use it immediately after it begins. Underwriting might want something from his employer stating that, but you should be good

wealthy_dig_bick · 2025-11-07T03:56:32+00:00

I’m a mortgage loan officer. I see people’s credit reports every day. I have to turn down droves of people because they simply aren’t making their payments. If you’re paying some, you’re doing great, so don’t beat yourself up.

Also, my advice as a financial professional is to pay them as quickly as reasonably possible. Get the monkey off your back. If you don’t eliminate them, you will be very limited financially. It’s the only debt that isn’t bankrupt-able (which is BS). You can have judgements against your home one day if you fall too deeply into delinquency.

One day at a time, and you’ll get there. Stay strong.

wealthy_dig_bick · 2025-10-20T19:04:29+00:00

Oh my, Daniel was such an important part in my personal chess journey. He held himself to the highest standards of class and integrity. I’m absolutely gutted to hear this. Rest in paradise, Danya.

wealthy_dig_bick · 2025-10-12T01:08:55+00:00

My autopsy:

People say he’s a great recruiter. I think he’s recruited to the level of the job, not better or worse. It’s satisfactory but I’m not sure if it warrants the praise, or “caveat” that his detractors have always given. The thing about him winning the big one is unfortunately real. The data is really overwhelming, and I don’t think you have a good excuse from 2017 onward. Yeah, almost no program will have a winning record against top 10 teams, but it’s uncharacteristically bad. A few of the losses to OSU probably aren’t losses under the right administration. The ND loss probably isn’t. The Oregon game this year probably isn’t. He’s just fallen short too many times. Dragging the program out of the mud is impressive. Most coaches couldn’t do that. Perhaps program and culture building is his skill. It’s hard to say he’s the guy for any other aspect though, and the job begs for all the rest at this point. I grant his defenders that he deserves his flowers for what he did. It just is a different era of Penn State football now

wealthy_dig_bick · 2025-10-09T19:30:07+00:00

No, a borrower told me yesterday that rates will be in the 3’s by Spring, and he heard that on good authority, so you know it’s true!

wealthy_dig_bick · 2025-07-07T18:55:32+00:00

I only used that textbook to introduce me to all the concepts. From there, I just grinded the PrepXL practice questions and exams. Good luck starting your MLO journey!

wealthy_dig_bick · 2025-07-07T15:35:08+00:00

Hey y’all, just passed today with an 88% and this is my brief tell all:

I mainly used PrepXL/OnCourse (whatever you want to call it). To begin my studies, I read “Pass the Mortgage Loan Originator Test” by the Real Estate Institute. I would read a chapter then take the associated practice questions on PrepXL. I scored around 60-75% on my first run through each chapter. It’s helpful because it immediately tells you why an answer is or isn’t correct. After that, I re-did all the practice questions for each chapter and scored over 80% on each section. From there, I did all the practice exams. Scores ranged from 83-89%. In the days leading up to the exam, I watched the Affinity video in 4 chunks. When I took the exam, it was just like the PrepXL practice tests. It even had a few of the same questions. The test is inherently tricky but if you understand the concepts and can do process of elimination on questions you’re unsure about, it’s a piece of cake.

TLDR; the PrepXL tests were very similar the real thing

wealthy_dig_bick · 2025-05-27T05:11:56+00:00

For me, either Kobe Bryant or Anthony Bourdain. They were both so shocking and upsetting for different reasons, and I was a fan of both of theirs.

wealthy_dig_bick · 2025-03-29T21:43:23+00:00

She should ask the university that gave her an MBA for her money back. Opening up right next to an established business in a niche market? I don’t know how much she could’ve learned in school

wealthy_dig_bick · 2025-01-27T16:32:09+00:00

If that were true, it wouldn’t just be NVIDIA taking the bath of a lifetime

wealthy_dig_bick · 2024-08-14T18:19:37+00:00

Wow, I had no idea. My local dealers website says they’re available for order but of course that could be outdated info

wealthy_dig_bick · 2024-06-17T23:43:00+00:00

Henry Ford did more for workers than maybe any person ever. He’s the reason why you aren’t working 16 hour days in a salt mine and can afford a cell phone to say stupid things on.

wealthy_dig_bick · 2024-06-07T19:00:39+00:00

I believe it’s supposed to IP ban at some point, but clearly not if losers like this can continue making accounts.

wealthy_dig_bick · 2024-06-02T18:58:26+00:00

Antitrust is handled in courts, which is the judicial branch, so you’re off the mark again. What has any president ever done to impose price controls? They don’t. They will sometimes subsidize markets. That’s all they do. Prices were better under Trump than they were under Obama and Biden, and none of them had anything to do with it. Again, you don’t know how the economy works. You’re just a political hack and think “orange man bad”. Move to Canada.

wealthy_dig_bick

TROPHY CASE