Mortgage Broker Forums at Broker Outpost

What Are They So Worried About? (by: Tampa Teddy)

I find it humerous that the leftie nutjobs are all so confident in Obamas reelection. They make silly claims about how Obama has nothing to worry about, if Romney is the best the right has to offer. They warn us to get ready for another 4 years of Obama because there is no doubt he will be reelected, etc, etc, etc... Well if Obama is such a sure thing and they have no doubt he will be reelected, why are they already running an anti-Rubio campaign? Why are they smearing and attacking a guy that isnt even in the race? Why are they spending money on an ad campaign to make us think a Senator, not up for reelection, is such a bad guy? What are they worried about? Obama has fixed housing, employment and the economy. He will be reelected by a landslide. Hahahahahahahahahaha... NOT!!! - Last Post by: Tampa Teddy on 02/04/2012 @ 6:32 PM

HML in VA (by: Tampa Teddy)

Brokers paid a point. Prefer to deal with an HML direct. Heres the deal, builder owns 11 lots in VA. sewage is run, curbs are cut. Each lot is valued at about 110k. The appraisal will be in Tuesday. wed like to payoff the current mrtg of 155k and procure a loan for 450k No income no asset. Willing to take a short term loan 6 months-12 months. Please e-mail me with any questions. - Last Post by: Tampa Teddy on 02/04/2012 @ 5:53 PM

Voter fraud where? (by: Tampa Teddy)

Ha ha ha ... finally real voter fraud is identified and dealt with. Who would have thunk it huh? Republicans shouting across the country about voter fraud only to see this. Gotta love it. - - - INDIANAPOLIS -- Indianas top elections official could lose his job and his freedom after jurors convicted him of multiple voter fraud-related charges on Saturday, leaving in flux the fate of one of the states most powerful positions. Republican Secretary of State Charlie White has held on to his office for more than a year despite being accused of lying about his address on voter registration forms. A Hamilton County jury found White guilty of six of seven felony charges, including false registration, voting in another precinct, submitting a false ballot, theft and two counts of perjury. He was acquitted on one fraud charge. - Last Post by: Tampa Teddy on 02/04/2012 @ 5:17 PM

Who Does This Azzhole Think He Is? (by: Tampa Teddy)

It appears that he has forgotten who he works for! http://www.gopusa.com/news/2012/02/02/holder-refuses-documents-to-appear-before-house-committee/ - Last Post by: Tampa Teddy on 02/04/2012 @ 5:09 PM

How many brokers still standing? (by: Tampa Teddy)

I read an article recently that stated there were about 12,000 brokers in late 2010, less than 25% of the peak number in 2005. - Last Post by: Tampa Teddy on 02/04/2012 @ 5:02 PM

Mortgage processor volume (by: Tampa Teddy)

Our office is closing about 20 loans a month (mix of purchase and refi). We doing a fair share of FHA loans as well as conventional. Currently have about 50 loans in pipeline. I have a fulltime processor and an assistant. The assistant is not a real processor (she doesnt analyze files and submit them to lender. The asst. mainly opens and stacks file, orders escrow/title/appraisals/VOE/VOM/VOR, chases down PTD and PTF conditions and closes files out after theyve funded. They seem maxed out and are having a hard time handling the loan file volume and getting things done in a timely manner unless they work 10 hour days and on some Saturdays. My assistant also does other office duties such as answering phones, ordering supplies, etc. Does this sound normal? Im wondering if my processor and her assistant should be better at handling this kind of volume or if I should hire a 2nd processor. If I hire a 2nd processor, should I keep the assistant or just replace the assistanct with a true processor? Any advice or thoughts would be greatly appreciated. I need counsel. - Last Post by: Tampa Teddy on 02/04/2012 @ 5:00 PM

Bad news (by: Tampa Teddy)

again for the economy ... I mean the GOTP ... as unemployment drops ... again! Oh man ... their bunched up panties just got suucked in. That darn economy just wont cooperate by continuing to disintegrate. OBAMA 2012! - Last Post by: Tampa Teddy on 02/04/2012 @ 4:31 PM

Its morning (by: Tampa Teddy)

"Its morning again in America. Today more men and women will go to work than ever before in our countrys history." ~Ronald Reagan~ It got him re-elected. lol UE report today 8.3 - Last Post by: Tampa Teddy on 02/04/2012 @ 4:27 PM

INVESTER NEEDED (by: velecico)

INVESTOR NEEDED, Property Sugarland Texas,1.8 acres, 60 room La Quinta Project, 6.5 mil. turn key proj. Please contact for any Inquiry! BBN & Associates, Inc. Yogi Sandesara Commercial Consultant/Diretor Office/Fax: 281-345-8633 ysbusbroker@gmail.com - Last Post by: velecico on 02/04/2012 @ 4:14 PM

Need lender FHA streamline no appraisal, dble wide (by: brokerintheskye)

I have a client who lives in a 94 double wide manufactured home in WA state. good credit good income, looking for a lender who offers FHA streamline w/o an appraisal. The new loan amount will for sure be under the original loan amount. Does anyone know of a home for this loan? thanks again! - Last Post by: brokerintheskye on 02/04/2012 @ 3:23 PM

CBO: Taxes Will �Shoot Up by More Than 30 Percent (by: darkstar)

(CNSNews.com) - The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO. At the same time, according to CBO, the economy will remain sluggish, partly because of higher taxes. �In particular, between 2012 and 2014, revenues in CBOs baseline shoot up by more than 30 percent, said CBO, �mostly because of the recent or scheduled expirations of tax provisions, such as those that lower income tax rates and limit the reach of the alternative minimum tax (AMT), and the imposition of new taxes, fees, and penalties that are scheduled to go into effect. The U.S. economy, CBO projects, will perform �below its potential for another six years and unemployment will remain above 7 percent for another three. �The pace of the economic recovery has been slow since the recession ended in June 2009, and the Congressional Budget Office (CBO) expects that, under current laws governing taxes and spending, the economy will continue to grow at a sluggish pace over the next two years, said CBO. �That pace of growth partly reflects the dampening effect on economic activity from the higher tax rates and curbs on spending scheduled to occur this year and especially next. Although CBO projects that growth will pick up after 2013, the agency expects that the economys output will remain below its potential until 2018 and that the unemployment rate will remain above 7 percent until 2015. According to the CBO report, federal tax revenues equaled $2.302 trillion in fiscal 2011, and will increase to $2,523 trillion in fiscal 2012, $2,988 trillion in fiscal in 2013, and $3,313 trillion in 2014. As a percentage of GDP, according to CBO, federal tax revenues were 15.4 percent in fiscal 2011, and will be 16.3 percent in 2012, 18.8 percent in 2013, and 20.0 percent in fiscal 2014. In dollar terms, the anticipated increase in federal tax revenue from fiscal 2011 ($2.302 trillion) to fiscal 2014 ($3.313 trillion) is $1.011 trillion. That is an increase of 43.9 percent. From just 2012 to 2014, the increase in federal tax revenues from $2.523 trillion to $3.313 trillion equals $790 billion�or 31.3 percent. The anticipated percentage increase in federal tax revenue is not only large when calculated in dollar terms but also when calculated as a share of GDP. The jump from 15.4 percent of GDP in fiscal 2011 to 20.0 percent of GDP in fiscal 2014 equals an increase of 29.8 percent. The jump from 16.3 percent in fiscal 2012 to 20.0 percent in fiscal 2014 equals an increase over two years of 22.7 percent. Federal tax revenues have averaged �about 18 percent of GDP for the past 40 years, according to CBO. So, in the next two years federal tax revenues will rise from a level that is below the modern historical average to a level that is above it. http://cnsnews.com/news/article/cbo-taxes-will-shoot-more-30-percent-over-next-2-years - Last Post by: darkstar on 02/04/2012 @ 2:58 PM

DU REFI PLUS TO 125% WITH TRANSFERRED MI (by: peeper)

Only posting this because im studying and bored, I got this email today. This topic comes up a lot on this board. This came from 360. I mention it only because of EA1-EA2-EA3 DU REFI PLUS TO 125% WITH TRANSFERRED MI Yes, if your first lien currently has MI, it can be done! EA1, EA2, and EA3 approvals are accepted! Your DU findings are your approval. - Last Post by: peeper on 02/04/2012 @ 2:26 PM

Get REALTORS to Contact YOU Directly! (by: datalyst)

Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]

Purchase Real Estate Agent databases SPECIFICALLY designed for E-Mail Marketing. [url="http://www.realestatedatalyst.net/readatabo.html"]CLICK HERE to view all PRICING and REA Database details[/url] We have the cleanest, most affordable and up to date Real Estate Agent E-Mail Address Data. Our databases are specifically designed for E-Mail Marketing and we ARE NOT a reseller like 99% of data vendors out there. We GUARANTEE that our databases contain: NO DUPLICATE DATA and NO BAD SYNTAX DATA We also have a 95% Hard Bounce Free Guarantee as well. Our data is simply priced by quantity: Less than 5,000 contacts = $79 5,000 - 20,000 contacts = $149 20,001 - 65,000 contacts - $229 Greater than 65,000 = $299 & above OUR GUARANTEE: Any HARD BOUNCES (code 550 - e-mail address does not exist) above 5% and you will receive a prorated refund for ANY bad address! WE ARE THAT CONFIDENT ABOUT OUR DATA INTEGRITY. Anything under 20% and we will process your refund with absolutely NO QUESTIONS ASKED!

Send e-mail campaigns to the Real Estate Agents in your state or ANYWHERE you are licensed. What you typically need: 1. A Website � This is where you send your REAs to so they can learn more about you and what you can do in todays market. This is where more than 90% of your recipients will contact you from. The e-mail messages alone are not enough. The site doesnt have to be extravagant, but it should be clean and professional. If you already have a website, then make a �landing page specifically for your REA marketing where you will send folks who click your links. 2. Two Website Domains � The first is where you host your website and the second is the �marketing domain you use in all your marketing materials and your �reply to e-mail address domain. Just �mask forward the marketing domain to your website domain. For example, if your website domain is BestCABroker.com, then use BestCABroker.net for your marketing domain. The �mask ensures that the marketing domain will stay in the browser and no one from your marketing will know about the .com address, thus protecting your main website domain from any possible complaints that may, though very rarely, happen. Simple protection for about $20 or less - per year. 3. Highly TARGETED E-Mail Addresses � This is the easy part because we have them for every state. They are highly targeted so if you are using a database for CA, you wont be sending to someone in FL. Our data is guaranteed, affordable and we are the source of the data. We are not a reseller of someone elses junk and we hold ourselves accountable for the integrity of our data. See our data pages: www.RealEstateDatalyst.com/readatabo.html www.RealEstateDatalyst.net/mblodatabo.html 4. A ROBUST E-Mail Program � Another easy part because we have hosted e-mail accounts from our servers that can be rented by the month without any contracts for sending bulk unsolicited mail. �Hosted means you have nothing to download or install on your computer. The software environment is managed (hosted) on our servers and all you need to do to access your account is simply login with your username and password. Unlike Constant Contact and the many, many others who require your campaigns to be solicited or �opt in, we actually specialize in unsolicited e-mail and in virtually any volume level you need form 10,000 - 10,000,000 per month. With our system any �spam button complaints come directly to us so they do not give you any problems. See our e-mail page: www.RealEstateDatalyst.com/bulkmailbo.html 5. An E-Mail Message � You can use any message you already have or you can create a new one with our program. If you already have a template you like, you can simply copy and paste the HTML code into our system and load up your graphics onto our server (or keep the graphics on yours � whichever YOU choose). We will be happy to help you get started in any way possible and can answer any question you may have not only with our system, but also about e-mail marketing, spam filters, subject lines, coding �click through links, hosting graphics, segmenting contact lists � and anything you ever wanted to know about e-mail marketing, but was afraid to ask. We have been doing this for years so we understand what happens when a message is routed through the myriad of servers from ours to your REAs desktop. Though, we have customers that use our system and our data for a great many things � our biggest customer base is LOs who solicit REAs for their loan business. Send an e-mail twice per week to all the REAs in your state because the more the better - VOLUME and REPETITION are the keys! If your state has 25,000 e-mail contacts then send to that list twice per week (50,000 per week) for a monthly total of 200,000 messages for ONLY $449 per month. Your e-mail has all your information and links that go directly to an exact page on your website that you want them to see. Here is what my customers say over and over - Play the numbers right and you may get a dozen or so serious phone calls a month (among the others). Cherry pick just 1 or 2 solid business relationships per month for about a year. You get about 1 deal per quarter per REA. If your commission per deal is only $2K that could be 40 - 80 EXTRA deals per year (on the low side) for $80K - $160K per year just from your REA connections. The math works every time... Contact me to get started - Last Post by: datalyst on 02/04/2012 @ 2:19 PM

Your "SMART" Business Card On Everyones Phone (by: datalyst)

The Smart Phone Business Card and So Much More for Mortgage Brokers & Loan Originators...

Do you think anyone still carries your "physical" business cards anymore? So, why do you even give them out? 90% of your referral partners cant live without their smart phone.So, how do you get YOUR business card - on THEIR phone? [url="http://www.lophoneapp.com"]CLICK HERE & Find out How - LO Phone App.com[/url] Your personal mobile phone app for Blackberry, iPhone and Android smart phones... An easy way to stay in touch & provide REALTORS with technology that will help in their day-to-day business and keep their referrals coming to you. Here is a smart phone app that you can give to an UNLIMITED number of Realtors & business partners. 1. Make your purchase and login to your account. 2. Simply fill out your personal & business details 3. Send them an e-mail from your account with the smart phone app link. 4. They just click the link from their phone & quickly download the app. 5. You are now connected to them for all their mortgage needs. Here is what YOU get: 1. Your rates updated instantly on everyones phone. 2. Mtg payment calculator. 3. Mtg qualifying calculator. 4. Your electronic business card with your picture and logo. 5. They can call you direct from the app. 6. They can e-mail you direct from the app. 7. Referral partners can e-mail your rate sheet direct from the app. 8. The results from the pre-qual calculator e-mailed with your contact information from the app. 9. Change contact info, update app from our site and all apps are updated with your new info. 10. Your personal phone app for Blackberry, iPhone and Android smart phones. It is designed to help keep you in front of your referral sources by EASILY & INSTANTLY giving them your own customized Blackberry, iPhone or Android app which includes your e-business card and a SUITE of valuable mortgage tools! The Working Business Card NO set-up fees & UNLIMITED downloads of your mobile phone app for only $297 per year [url="http://www.lophoneapp.com"]CLICK HERE to Get Started Now - LO Phone App.com[/url] - Last Post by: datalyst on 02/04/2012 @ 2:19 PM

Bullet Proof Bulk B2B E-MAIL Marketing (by: datalyst)

Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]

B2B Bulk E-mail Campaigns[url="http://www.realestatedatalyst.net/bulkmailbo.html"]CLICK HERE to Send an E-Mail Campaign - Datalyst[/url] We ARE different from the rest We are (as far as we know) the ONLY commercial business who will send your UNSOLICITED commercial messages and also give you the OPTION to purchase & download the actual contact databases that we send to. Also, our complete infrastructure is ONSHORE ONLY - we thought you might like that.

HERES HOW ITS DONE E-mail marketing is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective. You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum. That would be $1,500 just to get the same data that might have been sold to 50 other LOs the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider. Or you can GENERATE your own PRIVATE leads by doing the marketing yourself We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then SELL the rest (usually paying for their marketing costs by selling the "unwanted leads"). This works for all lead types: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc. E-mail marketing can consistantly work, but it is not for everybody. You cant be shy or afraid about what others may think. It is just business - make a plan and work it.

Every day we send: Plain Text - with 40 character hard carriage return format. The choice of serious plain text marketers�You know who you are! Text HTML - Full rich text formatted messages to your specification using Dreamweaver HTML - the preferred coding of most major mail servers today. Just forward your �ad copy to us and we do the rest. Click through links created in a snap! Graphic HTML - Nothing grabs a readers attention like great graphics! We can send your message with images and code all of the redirects. Just forward your "ad copy" and we can easily get your full image messages out in no time. Our current customers are having success with: Building REA relationships Creating their own exclusive leads Loans Loan Mod Credit Repair Short Sales Recruiting LOs Direct download/view website sales Subscription websites Loan rate guides E-books Powerpoint, video and other LO training materials Industry related spreadsheet & database programs Our Campaign setup: 1. Choose a database to send to - Select from our databases and target the prospects you really want. Some databases are quite large and that does not mean you have to send to the entire thing. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! 2. Choose how many messages you want to send - Please review our pricing details below and plan your campaigns. We find that customers who take the time to plan their campaigns can actually SPEND LESS than those who are blasting on a wing and a prayer. 3. Message review - We will completely review your ad for various reasons such as checking for good grammar, spelling, syntax, tone and its spam rating cross section. We will run your message through "spam rating filters" to help increase the chance of your message getting to your readers. We may offer suggestions on wording or symbol usage, possible changes to your message and help you to format your ad so it delivers the maximum punch during your campaign. 4. Your review and approval - We will send you an HTML copy of your message (or a link to your HTML copy - whichever works best for you) for your review and approval. You can still make changes at anytime, but when you give us the "go" command your message will be sent and we cannot get it back. Please double check everything before you tell us to hit the send button. We are never in a hurry with your campaigns, so you can take your time. 5. Make your campaign purchase- Once you give us the command to send, we will still need to process your payment before we hit the send button. This will give you time to plan your campaigns and choose the best sending strategies that will work for you. We accept all payments via Paypal and we will send you a special purchase link for your campaigns. Target the prospects you really want and select from our databases. Some databases are quite large but, that does not mean you have to send to the entire list. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! We find that most of our customers to date (small business marketing) are sending 50K - 250K twice per week until they see the numbers they want. Everybody has their own strategies and methods. Some customers use our service to simply increase direct sales at their websites. Others (MB/LO, loan mod, credit repair, etc.) use our sending resources to drive leads to their submit pages on their websites. Either way, we only charge to send the messages. We in no way charge commissions or lead fees. All sales and leads are the property of the customer only. That is just another reason why we are different from many other vendors out there. Our Campaign Must Haves: 1. Your subject line - Make it brief, catchy if you can and to the point - avoid "spammy" terms like "Buy Now", "Hurry", "Sale", "Big Discounts" & "spammy" symbols like $, &, *, !, etc. Spam filters dont like those. 2. A first & last name - This will be shown on the "from" line. It should be the senders real name (though we wont tell if it isnt). Avoid strange names as spam filters dont like those either. 3. A valid "reply to" e-mail address - This will also be shown on the "from" line. It will be subject to receiving auto responses (out of office, vacation, etc.) and the replies from your readers. It will also be subject to anyone who received your messages - so select it wisely. Many business folks dont like responding to non professional free domain addresses like gmail, hotmail, yahoo, etc. Put your best foot forward. 4. Your complete message - Include a one line title, if you like, in bold to get your readers attention. Tell them who you are so dont forget the name of your business. Keep your paragraphs to three short sentences at most - any more and you might lose the attention of your reader. Use bullets for multiple important points you want to get across. You should have some kind of a closing statement to wrap things up and include your business name again, if you like (take advantage and brand yourself). Lastly, dont be afraid to let them know who you are personally, if you like - include your name, mailing address, phone numbers (direct, cell, office, toll free, etc.), and your "reply to" e-mail address again for them to see in your message signature. Everybody sends different messages so dont be afraid to try something - swing for the fences! Remember, we do not charge extra for helping you put together a message, code your click through links or redirect graphics from your host server. We are not copy writers or graphic artists though, but if you have any questions at all - please feel free to ask. Also, we recommend the use of shadow domains when you reference to or have links to websites as well as your e-mail address domains. We want to help protect your business assets. The net can sometimes be a pretty strange place to navigate, so think like a boxer - protect yourself at all times. Yet, another reason why we are different from many other vendors out there. Protection for YOU and YOUR Business Domains We have campaign programs specifically designed to protect your business domains from being blocked, redlisted or blacklisted. We send your messages from our commercial bulk sending platform. We send from multiple Class "A" IPs and multiple domains. This will protect you from any spam complaints because they will simply be directed to our server � not directed to you. We have entered into agreements with the mail server community and are required to follow the multi feedback loop procedures. We jump through the hoops so you dont have to! We handle spam complaints from our commercial bulk sender platform. When you follow our recommended protocols you will not have to defend yourself against spam complaints from mail server administrators against your business domains. Contact me to get started - Last Post by: datalyst on 02/04/2012 @ 2:18 PM

National MB/LO E-Mail Database - Updated JAN 2012 (by: datalyst)

Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]

95% E-Mail Address Hard Bounce Free Guarantee We are the ONLY business that will do ALL THREE services for you: 1. Sell e-mail address verified contact databases 2. Send your UNSOLICITED e-mail campaigns 3. Data mine websites for you We are the ONLY service who advertises SUPERIOR E-MAIL ADDRESS QUALITY because� We are the ONLY service that actually uses our own databases EVERYDAY You DESERVE BETTER than resellers � You DESERVE REAL DATA from the source [url="http://www.realestatedatalyst.net"]Real Estate Datalyst.com[/url]
YOU WILL ONLY FIND IT WITH DATALYST! NATIONAL MORTGAGE BROKER & LOAN ORIGINATOR DATABASE COMPLETE JAN 2012 EDITION 228,936 Active E-Mail Addresses Only $579 [url="http://www.realestatedatalyst.net/mblodatabo.html"]CLICK HERE to Get your MB-LO Database - Datalyst[/url] Hard Bounce Scrubbed and Verified National Mortgage Broker & Loan Originator Database 228,936 Active E-Mail Addresses Our National MB/LO Database is the most comprehensive, accurate and efficient internet marketing compilation specifically designed for E-Mail Campaigns. BUY with CONFIDENCE. Create business relationships in your own backyard or across state lines. Generate your own leads for purchase loans and refis. Create interest in the buying, selling & trading of lead data for all primary & secondary products/services including Credit Repair, Debt Settlement, Loan Mod, Mortgage Note Brokering and much, much more! DIRECTLY Recruit new candidates & seasoned professionals into your organization and DIRECTLY Market your services such as Lead supplier, Title, LO training, Notary, Net Branch Recruiting, Processing, Back-end service processing, SEO services, Website building and this list could go on and on. Why are we so confident in our data? Our marketing CLIENTS get DAILY results from using our TRUSTED data. We are so confident in our data it has three levels of GUARANTEES! NO duplicates - NO bad syntax addresses - FEWER than 5% Hard Bounces - SECURED by our Money Back Guarantee! You may have seen similar looking offers around the net for just such a marketing database. Why is OUR DATA different and why is it the source YOU should use? A Datalyst database is different because we are the data mining source of the information. We are not a reseller or an affiliate reseller of someone elses old, unfiltered and unreliable data. We are the source � the GUARANTEED source. We always offer our �95% E-Mail Address Hard Bounce Free Guarantee[/u] on all of our data. YOU WILL NOT FIND A BETTER E-MAIL DATABASE ANYWHERE Contact me to get started - Last Post by: datalyst on 02/04/2012 @ 2:18 PM

Ron Paul on Piers Morgan (by: CoolMtgGuy)

Damn... I like some of his views on social issues and sort of see some of his points on other issues. Hes a smart guy. I just wish he wasnt nuts. - Last Post by: CoolMtgGuy on 02/04/2012 @ 2:14 PM

ITS A MONSTER!!! (by: Quicksilver)

Anyone else out there a fan of the Ford Mustang? Im a Blue Oval guy through and through. Ford has done us proud with the introduction of the 650 hp, 200 mph, 2013 Shelby GT 500. Eat that, Camaro! - Last Post by: Quicksilver on 02/04/2012 @ 2:09 PM

Need a Laugh or Two (by: Billy Pilgrim)

Anyone have any favorite Loan Officer stories about a character/boss they worked with over the years? - Last Post by: Billy Pilgrim on 02/04/2012 @ 1:50 PM

DD214 does it have to be renewed/reissued? (by: rainmand)

Doing an VA IRRRL Did his purchase in 06/11 Can we still use the DD214 in file? or does VA issue another one for the refi? - Last Post by: rainmand on 02/04/2012 @ 1:28 PM

Why I am giving free leads (by: dsmithson)

When I decided to start a lead distribution co I thought it would be easy, set up a few generation sites direct the leads to a sales database for originators and make money while I sleep. Well Its been anything but easy! Hiring programers who later come back and create problems has been an issue, While I have been able to teach myself some basics. Its not enough. A company like this needs a full time programer and a full time staff. This was and can be a million dollar buisiness, but it needs capital that I dont have. I am putting my efforts on hold for the time being to persue a LO career. The site Is set up and running and any leads that come available will be directed to the people who set up thier "PROFILE" I will concider this an advertisment for legal purposes, and with that I should put an end date so this offer will be good until 3-4-2012 but can be extended email me for the link or visit my profile. the link will have to be manually typed since BO doesnt allow link posting. Please note the leads trickle in and this is for lenders/Brokers only no lead resellers allowed. - Last Post by: dsmithson on 02/04/2012 @ 12:55 PM

Best way to greet someone when opening a sales cal (by: dsmithson)

When I call I say "Good Afternoon Christine" this is Mike calling from XYZ company how are you doing today. People automatically know its a sales call. There has to be different rarely used opening that gets the client to participate in the conversation by giving you an answer to your first question. What is that question? This sales call is not contacting potential borrowers. It is contacting lenders. - Last Post by: dsmithson on 02/04/2012 @ 12:10 PM

Du or LP - Inspection Waiver? (by: jcallanan)

I have a deal that is currently Freddie owned - currently at a 85%-95% LTV. It was originated in 2010, so its ineligible for a HARP refi. Does anybody have tip/ advice on getting a DU inspection waiver, or an inspection alternative with LP? Should it be run at the correct LTV, over 80%, or do you think it might get the waiver if its run through under 80% LTV? Borrowers currently at 5.375%, no benefit FHA due to MI. Property is a condo - anybody have any idea on how to get an inspection waiver, or exterior only? - Last Post by: jcallanan on 02/04/2012 @ 10:48 AM

Romney "not concerned with the very poor" (by: CoolMtgGuy)

.......Romney hits morning shows, armed with talking points about Obamas billions .By Dylan Stableford Fresh off his double-digit victory in Tuesdays Florida Republican primary, a chipper Mitt Romney hit the morning talk-show circuit on Wednesday, appearing on the "Today" show, "Good Morning America," "CBS This Morning," "Fox and Friends" and CNNs "Starting Point" via satellite from Tampa. With Newt Gingrich vowing to stay in the race until the Republican Convention--and to continue his attack on the frontrunner--Romney dismissed the notion that a long campaign would hurt his chances in a general election against Barack Obama. During his interview with CNNs Soledad OBrien, Romney tried to position himself as a defender of the middle class--something Obama has gotten a head start on. "Im in this race because I care about Americans," Romney said. "Im not concerned about the very poor. We have a safety net there. If it needs repair, Ill fix it. "Im not concerned about the very rich," he continued. "Theyre doing just fine. Im concerned about the very heart of the America, the 90, 95 percent of Americans who right now are struggling and Ill continue to take that message across the nation." OBrien pushed back, saying that many Americans "would say that sounds odd," but Romney stood by his statement. "My focus is on middle income Americans, retirees living on social security, people who cannot find work, folks who have kids that are getting ready to go to college." You can watch video of the exchange above. During his other morning-show hits, Romney stuck to less controversial talking points. "The attacks that have come from him have probably toughened us up and helped us learn how to respond," Romney told Charlie Rose on "CBS This Morning." "Clearly, what Barack Obama comes with will be a lot more money, even more vitriol than what we faced so far, but were prepared." "I think what youre seeing now from Speaker Gingrich is just a precursor of what youll see from President Obama," Romney told ABC News George Stephanopoulos on "GMA." Perhaps what were getting now inoculates us, or at least prepares us, for what will come down the road. No question that Barack Obamas billion dollar machine will organize the most vitriolic, spiteful campaign in American history and were going to have to be ready for that." Romney trotted out the "billion" line to OBrien as well: "I know that if Im the nominee, Barack Obama is going to spend almost a billion dollars attacking me. So you might as well get it out there now. Learn how to respond, and make sure that were able to get back to the real issue people care about when the time of the general election comes around." The former Massachusetts governor said the same to Matt Lauer on "Today": "I think the back and forth and even the attacks have been helpful because whats going to come from Barack Obama will be the same, just a heck of a lot more of it." During his interview with Lauer, Romney seemed to confirm a rumor hell seek the endorsement of Rep. Michele Bachmann. "I would like all the endorsements I can possibly get," he said. "By the way, any question about the support of conservatives, I think, was cleared up last night in Florida. People who call themselves conservative and very conservative overwhelmingly supported my campaign. Tea partiers supported my campaign. I hope I can convince people in Minnesota, Nevada, Arizona, Colorado. I have to get a lot of support from many in my party. Still, he added on ABC: "Im feeling pretty good today, obviously." - Last Post by: CoolMtgGuy on 02/04/2012 @ 10:32 AM

LenderVend / Provident ? (by: hulkfunding)

I have a $1.2 mil purchase with only a $417k loan. Based on the LenderVend price sheet they price appraisals based on loan type. Their conventional price is $405 and jumbo requires a quote. Since this is a conventional loan am I safe to quote the $405? The sheet says for jumbo loans I must call and get a quote but this is a conventional loan. Anybody have any advice. - Last Post by: hulkfunding on 02/04/2012 @ 10:20 AM

STOCK Act Opponent Sen. Richard Burr (by: CoolMtgGuy)

Yep ... only Dems do this sort of shiit. - - - WASHINGTON -- Sen. Richard Burrs vocal opposition to the STOCK Act raised some eyebrows in Washington this week, and with good reason. Burr, a North Carolina Republican who was one of just three senators to vote against the ban on congressional insider trading Thursday, owns investments in the natural gas industry that would benefit from legislation he co-sponsored offering tax credits for natural gas-fueled vehicles. Burr has investments in the gas industry valued from $133,298 to $219,337, according to his 2010 filings. His portfolio includes $36,000 worth of stock in Chesapeake Energy Corp., the second-largest U.S. producer of natural gas. He also holds more than $25,000 in shares of Loews Corp., a holding company with subsidiaries engaged in the exploration, production, marketing and transmission of natural gas. - Last Post by: CoolMtgGuy on 02/04/2012 @ 10:14 AM

Lock today? Jobs report a game changer? (by: eh6794)

Is the new jobs report a game changer or better to wait till next week to lock? - Last Post by: eh6794 on 02/04/2012 @ 09:20 AM

How much was your last commission check? (by: adelphos)

Are commissions per file going down due to the values and new rules and laws? some might be doing better since there is less competition. Tell me your last check amount. mine was a long time ago 2003 and I only hit 2400.00 on a 100% Im getting back into Originating and would like to know I f I should buy a Pinto or a Mercades! LOL! - Last Post by: adelphos on 02/04/2012 @ 08:28 AM

Gov. Walker lawyers up (by: WelcomeBackBanker)

- - - MADISON, Wis. � Wisconsin Gov. Scott Walker said Friday he will meet with a district attorney leading a secret investigation that has already led to charges being filed against five former close aides and associates. The development brings Walker closer to the investigation than ever before, a potential vulnerability for him as he faces an effort to recall him from office. . . . Two other former Walker associates, Tim Russell and Kevin Kavanaugh, were charged Jan. 5 with embezzling more than $60,000 from veterans and their families. Another man is charged with child enticement charges, evidence of which was allegedly discovered while investigating one of the others. . . . Walker said Friday he hired two attorneys, Mike Steinle and John Gallo, to "assemble additional background information." Walker said no public money will be used to pay for that work. "While all of us need to let this matter run its course, I will continue to cooperate and provide any appropriate information that is requested," he said. Steinle is a criminal defense attorney in Milwaukee. Gallo is a former federal prosecutor in Chicago. His online biography says his practice includes representing criminal defendants and grand-jury targets. . . . - Last Post by: WelcomeBackBanker on 02/04/2012 @ 08:22 AM

What exactly is Obamas "new proposal"? (by: velecico)

Guys, I dont know what the new proposal, which "was announced today," outlines. Anyone know? God BLESS America! Oscar - Last Post by: velecico on 02/04/2012 @ 08:09 AM

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