Mortgage Broker Forums at Broker Outposthttps://forum.brokeroutpost.comBroker Outpost makes finding a qualifying loan program more efficient for mortgage brokers, and offers wholesale lenders an opportunity to market their unique loan programs. Loan search and support forums require registration, its free!Wheres Everybody at this Saturday Night? (by: waynepbright)https://forum.brokeroutpost.com/loans/forum/2/336607.htm on a Saturday Night ? [:D][:D] - Last Post by: waynepbright on 04/29/2017 @ 9:06 PMRealtor Open House Flyer software (by: SALINASBROKER1)https://forum.brokeroutpost.com/loans/forum/2/336606.htm#1795006I understand that some CRMs provide this service as a package deal, but I am seeking feedback on which software companies provide Realtor Open House Flyer software and Marketing flyers for Loan Officers. I have used OSI EXPRESS in the past and I wanted to know if there is a company that offers more template options etc. Thanks. - Last Post by: SALINASBROKER1 on 04/29/2017 @ 6:31 PMFuture income (by: BMill)https://forum.brokeroutpost.com/loans/forum/2/336605.htm#1795004Borrower is W2, will continue working and will start to collect SS when she is 62 (October 2017). She has also been with her current job 20 years (future pension) but plans to work another 10 years to get to 30 years. My DTI is 48% - need to count this future income. First payment will be 08/01/2017; maybe able to stretch to 09/01/2017 but that would be pushing it....yes, Ive tried running DU, LP and used Home Ready/Home Possible. Score 690. Is there any lender that will count this future income? Conventional. - Last Post by: BMill on 04/29/2017 @ 2:58 PMSilly borrower..... (by: jfrederick)https://forum.brokeroutpost.com/loans/forum/2/336573.htm#1795003 Filed 2016 with a "wife" in mexico with TIN# to lower his tax rate. Now needs an FHA purchase loan. "Wife" has 3 vehicles on her credit. Sorry dude. - Last Post by: jfrederick on 04/29/2017 @ 2:14 PMVoted For Trump / 100 Day Vent (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336599.htm#1795002Dont post here often, but as a lifelong Republican, who voted for President Trump the frustration with his flip-flopping from campaign promises is reaching a crescendo: NATO Campaign Trump: "NATO is obsolete." President Trump: "NATO is "no longer obsolete." Syria Citizen Trump: Again, to our foolish leader, do not attach Syria - If you do many very bad things will happen & from that fight the US gets nothing!" President Trump:Tonight, I ordered a targeted military strike on the airfield in Syria from where the chemical attack was launched. It is in this vital national security interest of the United States to prevent and deter the spread and use of deadly chemical weapons." China Campaign Trump: "China is a currency manipulator." President Trump: "Theyre not currency manipulators." ObamaCare Campaign Trump: "We will immediately repeal and replace ObamaCare - and nobody can do that like me. We will save $s and have much better healthcare!" President Trump:"I never said repeal and replace it within 64 days." White House Transparency Citizen Trump: "Why is @BarackObama spending millions to try and hide his records? He is the least transparent President--ever--and he ran on transparency." President Trump: "The White House wont release its visitor logs." First 100 Day Pledge Campaign Trump: "On Nov. 8th, Americans will be voting for this 100-day plan to restore prosperity to our country, secure our communities and honesty to our government. This is my pledge to you. And if we follow these steps, we will once more have a government of, by and for the people. And importantly, we will make America great again. Believe me." President Trump: "The hundred days is just an artificial barrier." This is only a fraction of the positions Trump has flip-flopped on since the election and we as Republicans are permitting it!!! (Rant over) - Last Post by: KnowsBetter on 04/29/2017 @ 1:30 PMPIW - conditions (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336598.htm#1795001Can one get a PIW for a loan with an LTV of over 80%? I am doing a 90% LTV refinance for perfect borrowers, but no luck. - Last Post by: KnowsBetter on 04/29/2017 @ 1:28 PMAFR Kudos (by: nutesch)https://forum.brokeroutpost.com/loans/forum/2/336603.htm#1794998Ive sent a few deals to AFR recently for niche files--single/double wide manufactured homes with minimal overlays, HomeStyle & 203k renovation loans, etc. and have to say Ive been pretty impressed. Joe Arici is my rep and hes been great. I was referred a deal by one of my realtors where the buyer had used a different broker that had a mobile home they ran thru Endeavor America and couldnt get it closed after 6 weeks due to overlays on minimum tradelines. I took it to AFR and they had it closed from start to finish in 10 business days. Very impressed and wanted to give them recognition for that. Look them up if you havent already for your niche files. - Last Post by: nutesch on 04/29/2017 @ 11:41 AMBest Non QM Lenders - Need Input (by: frank7)https://forum.brokeroutpost.com/loans/forum/2/336594.htm#1794995 I am looking to build a few lenders who do Non QM loans. I know there are some disasters out there in terms of customer service and processing so I would like to hear from you on the ones you have used that were decent and for what product?? - Last Post by: frank7 on 04/29/2017 @ 11:26 AMIs Bait & Switch still occurring? (by: frank7)https://forum.brokeroutpost.com/loans/forum/2/336595.htm#1794992 3.875% 5/1 ARM - 90 LTV jumbo purchase - $1,530,000 - Florida 760 FICO, full doc, low dti 5.375 - 5/1 ARM bank statement loan - 80 LTV purchase $450,000 740+ fico and &lt; 43 DTI Who could be offering this? Not AngelOak, Citadel - Last Post by: frank7 on 04/29/2017 @ 11:06 AMAnother (almost) free resource from KB! (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336563.htm#1794991Yesterday I attended a workshop, one section of which was about how to protect yourself against identity theft by beefing up your passwords, etc. Data Security, Tech Risk Management & Safety for Consumers & REALTORS or How Technology Can Ruin Your Real Estate Business http://www.craiggrant.info/data-security-tech-risk-management--safety-for-consumers--realtors.html You can buy 30 days of prowling around the entire website for $1.99; $4.95 per month thereafter. Heres the promo code for Real Estate Technology Institute (Craig Grant). <b><font color="red">RETIWEB</b></font id="red"> All the concepts and how-tos can of course be applied to loan origination. Over 600 short videos cover a wide range of subjects. A partial list: The REALTORS® Essential Technology Toolbox Run A Successful Realty Website Become a Real Estate Internet Whiz Become a Real Estate E-mail Expert Become a Social Media Super Star Data Security, Tech Risk Management & Safety for Consumers & REALTORS Run Your Realty Business on Google Power Hour Topics (click for topic descriptions, outlines, etc.) Tech Buying (Hardware, Software, Smartphones/Tablets, Apps, Etc.) REALTORS® Tech Buying Guide How to Turn Your Real Estate Company into a Tech Profit Center The Real Estate Broker/Owners Ultimate Technology Toolbox Real Estate Tech Customer Service Tools Contact & Customer Relationship Management (CRM) for Real Estate How Smart is Your Smart Phone Tablet Training 101 Run Your Business on Google Run a Successful Real Estate Website Next Generation or The Future of Real Estate Tools Cloud, Paperless & Mobile To the Clouds (Cloud & SAS) Google & the Clouds Going Totally Paperless Be a Realty Mobile Road Warrior Websites, Marketing & Communication Run a Successful Realty Website (mini) How REALTORS® Can Dominate the Search Engines Finding Real Estate Consumers Online Your New Real Estate Marketing Plan How to Market Like a Rock Star on a Roadies Budget E-mail 101 (basics of email usage and tools E-mail Marketing 101 Video 101 New World of Tech Communication Tools Working with Todays Hyper Connected Consumer Social Media Success in Under 15 Minutes a Day! Facebook For REALTORS® Social Media Hands-On Workshop Tech Legal & Risk Management Online, E-mail & Social Media Etiquette Tech Risk Management for REALTORS® Data Security & Tech Risk Management for REALTORS® RETIs Technology Education Camp One Man Half Day, REBar Camp Styled Themed Learning Events - Last Post by: KnowsBetter on 04/29/2017 @ 10:00 AMSuperCoop, you are being manipulated (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336538.htm#1794990Worth the read. https://aceloewgold.com/2017/04/19/why-trust-in-corporate-media-has-reached-all-time-lows-a-visual-guide/ - Last Post by: KnowsBetter on 04/29/2017 @ 09:41 AMSelf Employed Borrower Mis-Calculated Income (by: Broker G)https://forum.brokeroutpost.com/loans/forum/2/336588.htm#1794985Have any of you ever experienced a situation with an underwriter where the income calculation was way off? My borrower was furious from the original calculation from underwriting, and after a senior review, he was given another $7000 a month in income. That is a huge disparage and might even cost us the client. This was on a TBD purchase. - Last Post by: Broker G on 04/29/2017 @ 08:50 AMBorrower changing job during loan process (by: waynepbright)https://forum.brokeroutpost.com/loans/forum/2/336604.htm#1794971I got a guy who I did a Preapproval for about a week ago. He calls me today and says "good news, my offer was accepted and we are closing June 7" He says "I have some other good news". "I just gave two weeks notice at my current job and will be starting a new job on May11th" It is the same line of work and an increase in hourly pay. He has been in his line of work for 4 years. We only need the hourly to qualify him, we dont need OT Does this sound like it would pose any issues with FHA ? - Last Post by: waynepbright on 04/28/2017 @ 8:34 PMTrump: I thought [being President] would be easier (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336596.htm#1794921http://www.reuters.com/article/idUSKBN17U0CA Couldve sworn this was an article from <i>The Onion</i> at first. - Last Post by: KnowsBetter on 04/28/2017 @ 8:03 PMLender for a Wobble Box moved once anyone? (by: LenderX)https://forum.brokeroutpost.com/loans/forum/2/336592.htm#1794966Hello, being lazy here - who does a Mani that has been moved but is on a permanent foundation, anyone? - Last Post by: LenderX on 04/28/2017 @ 6:39 PMMore class warfare from lefties... (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336600.htm#1794954...or how national coveting takes root through headlines like this... NYT: Trump Tax Plan Would Shift Trillions From U.S. Coffers to the Richest http://tinyurl.com/NYTCovetingCentral The vast majority of benefits would go to the highest earners and largest holders of wealth, analysts said, setting up a battle over the governments strained resources. *** Its as if lefties dont even understand math. Its as if your money belongs to the government UNTIL they decide to give some of it back to you. Its insidious and evil and one needs to be constantly aware of all the brainwashing going on. Coveting what someone else has is destructive for both individuals and whole societies. Thats why God made the prohibition against coveting one of his Big Ten. You shall not covet your neighbors house. You shall not covet your neighbors wife, or his male or female servant, his ox or donkey, or anything that belongs to your neighbor. ~Exodus 20:17 Try this: Live one week without envying the wealth of others. Focus solely on how YOU can advance YOUR life, independent of others and what they do. Inwardly cheer those who work hard for their wealth and encourage yourself to also work hard for your own wealth. Make up your mind to not think like a victim. Commit to purging your life of envy and jealousy. Determine that you will not covet other peoples money and all that it buys. How does that feel? - Last Post by: KnowsBetter on 04/28/2017 @ 2:34 PMHard money loan to purchase elementary school (by: rsocki)https://forum.brokeroutpost.com/loans/forum/2/336602.htmI have a client in Florida who is looking to borrow 2.5 million to buy an elementary school. Does anyone offer a loan for this, and what kind of down payment is needed? Client is currently at the end of a 5yr lease. Thanks! - Last Post by: rsocki on 04/28/2017 @ 1:58 PMGolden Gooses Divorce attorneys and hairdressers (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336601.htm#1794947Any advice on how to identify and connect with successful divorce attorneys and/or hair stylists? One of the best ways to get business is to promote or help other businesses grow. Any ideas how brokers can help Divorce attorneys and hairdressers in hopes of obtaining referrals? - Last Post by: KnowsBetter on 04/28/2017 @ 1:46 PMMore global warming confirmation (by: KnowsBetter)https://forum.brokeroutpost.com/loans/forum/2/336450.htm#1794942The Arctic Ocean is warming up, icebergs are growing scarcer and in some places, the seals are finding the water too hot, according to a report to the Commerce Department yesterday from Consulate at Bergen, Norway. Reports from fishermen, seal hunters and explorers all point to a radical change in climate conditions and heretofore unheard-of temperatures in the Arctic zone. Exploration expeditions report that scarcely any ice has been met as far north as 81 degrees 29 minutes. Soundings to a depth of 3,100 meters showed the gulf stream still very warm. Great masses of ice have been replaced by moraines of earth and stones, the report continued, while at many points well-known glaciers have entirely disappeared. Very few seals and no white fish are found in the eastern Arctic, while vast shoals of herring and smelts which have never before ventured so far north are being encountered in the old seal fishing grounds. Within a few years, its predicted that due to the ice melt the sea will rise and make most coastal cities uninhabitable. My apologies... I neglected to mention that this report was from November 2, 1922, as reported by the AP and published in The Washington Post —- almost 95 years ago! Snopes confirms: http://www.snopes.com/politics/science/globalwarming1922.asp - Last Post by: KnowsBetter on 04/28/2017 @ 12:59 PMManufactured on Foundation year built 1975 (by: perrenoud)https://forum.brokeroutpost.com/loans/forum/2/336553.htm#1794931I need a bank that will lend 50% LTV on a manufactured home in CA that is secured to foundation and built in 1975. Anyone know who might do this? - Last Post by: perrenoud on 04/28/2017 @ 11:50 AMSFR Construction in CA- (by: financeone)https://forum.brokeroutpost.com/loans/forum/2/336593.htm#1794929Are there any lenders that will lend up to 100% of the cost of construction? - Last Post by: financeone on 04/28/2017 @ 11:38 AMbar/restaurant lender needed (by: FundNonPrime)https://forum.brokeroutpost.com/loans/forum/2/336591.htm#1794924Looking for a lender for a well established bar (30 years in operation) in Los Angeles, CA. loan amount: $6,000,000 value: $13,000,000 owner operator - Last Post by: FundNonPrime on 04/28/2017 @ 11:00 AM2nd Loan - Refi (by: frank7)https://forum.brokeroutpost.com/loans/forum/2/336597.htmKnow anyone who will do a 2nd loan wth a 670 middle score and full doc? CLTV will be 75 or slightly above. were doing the 1st loan in a $$424,100 county limit and need to lower their $40,000 second as a favor. - Last Post by: frank7 on 04/28/2017 @ 10:33 AMFHA - Manual UW for mtg not showing on Credit (by: EA Rocky)https://forum.brokeroutpost.com/loans/forum/2/336534.htm#1794907Hi Team, I have a borrower whos private mortgage is not reporting to credit. I need to refi him to FHA, but wont qualify for manual UW. And as you know, FHA requires a manual downgrade if the mortgage is not showing on credit. Any ideas how I can add his private mortgage to his credit report? CredCo said they cannot do it with a Rapid Re-Score. - Last Post by: EA Rocky on 04/28/2017 @ 09:11 AMStop drinking the kool aid Clarence!! (by: clarenceworley)https://forum.brokeroutpost.com/loans/forum/2/321273.htm#1794897Many times you came here during and after the last election to tout the employment numbers and were told that there was something wrong with the numbers, and you argued that Obama was doing a great job and the economy was getting better. Well, heres proof that you need to stop drinking the kool aid and admit that this president will do and say anything in pursuit of his socialist agenda. Apology accepted! Census ‘faked 2012 election jobs report By John Crudele November 18, 2013 | 8:06pm Census ‘faked 2012 election jobs report . US creates jobs out of nowhere . In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated. And the Census Bureau, which does the unemployment survey, knew it. Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy. And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today. “Hes not the only one, said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked. The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census. Ironically, it was Labors demanding standards that left the door open to manipulation. Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status. Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, Im told, had been coming up short of the 90 percent. Philadelphia filled the gap with fake interviews. “It was a phone conversation — I forget the exact words — but it was, ‘Go ahead and fabricate it to make it what it was, Buckmon told me. Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate. Interviews with some 60,000 household go into each months jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US. Buckmon, it turns out, was a very ambitious employee. He conducted three times as many household interviews as his peers, my source said. By making up survey results — and, essentially, creating people out of thin air and giving them jobs — Buckmons actions could have lowered the jobless rate. Buckmon said he filled out surveys for people he couldnt reach by phone or who didnt answer their doors. But, Buckmon says, he was never told how to answer the questions about whether these nonexistent people were employed or not, looking for work, or have given up. But people who know how the survey works say that simply by creating people and filling out surveys in their name would boost the number of folks reported as employed. Census never publicly disclosed the falsification. Nor did it inform Labor that its data was tainted. “Yes, absolutely they should have told us, said a Labor spokesman. “It would be normal procedure to notify us if there is a problem with data collection. Census appears to have looked into only a handful of instances of falsification by Buckmon, although more than a dozen instances were reported, according to internal documents. In one document from the probe, Program Coordinator Joal Crosby was ask in 2010, “Why was the suspected … possible data falsification on all (underscored) other survey work for which data falsification was suspected not investigated by the region? On one document seen by The Post, Crosby hand-wrote the answer: “Unable to determine why an investigation was not done for CPS, or the Current Population Survey — the official name for the unemployment report. With regard to the Consumer Expenditure survey, only four instances of falsification were looked into, while 14 were reported. Ive been suspicious of the Census Bureau for a long time. During the 2010 Census report — an enormous and costly survey of the entire country that goes on for a full year — I suspected (and wrote in a number of columns) that Census was inexplicably hiring and firing temporary workers. I suspected that this turnover of employees was being done purposely to boost the number of new jobs being report each month. (The Labor Department does not use the Census Bureau for its other monthly survey of new jobs — commonly referred to as the Establishment Survey.) Last week I offered to give all the information I have, including names, dates and charges to Labors inspector general. Im waiting to hear back from Labor. I hope the next stop will be Congress, since manipulation of data like this not only gives voters the wrong impression of the economy but also leads lawmakers, the Federal Reserve and companies to make uninformed decisions. To cite just one instance, the Fed is targeting the curtailment of its so-called quantitative easing money-printing/bond-buying fiasco to the unemployment rate for which Census provided the false information. So falsifying this would, in essence, have dire consequences for the country. - Last Post by: clarenceworley on 04/28/2017 @ 07:18 AMMulti family construction loan in AZ (by: raymondb)https://forum.brokeroutpost.com/loans/forum/2/336575.htm#1794894I am looking to build a multi family building on one of my lots in AZ. Anyone out there want to help? Raymond 702-205-0502 - Last Post by: raymondb on 04/28/2017 @ 06:17 AMFor those who seek to wash their brains (by: ddsoffice)https://forum.brokeroutpost.com/loans/forum/2/336559.htm#1794890You may find this hard to believe, but I was once a Democrat. However, as I observed the worsening condition of leftism, I decided to re-think my premises. With the assistance of the drive-time input of Dennis Prager, I became a conservative. I highly recommend his show, which you can listen to online as well. http://www.dennisprager.com - Last Post by: ddsoffice on 04/27/2017 @ 8:27 PMNon-owners are non-TRID at Fremont Bank (by: lemeuss)https://forum.brokeroutpost.com/loans/forum/2/336558.htm#1794879From an AEs email: Non Owners are NON TRID!! You decide what you want to make and the YSP covers your fee! I havent heard of this elsewhere, have you? - Last Post by: lemeuss on 04/27/2017 @ 3:13 PMPrice Checker (by: bmd)https://forum.brokeroutpost.com/loans/forum/2/336582.htm#179487780% ltv purchase 500k loan amount 780 fico oo sfr 30yr Top of LS is 4% at 101. Claim: 3.75% Bofa no points Thinking BS. - Last Post by: bmd on 04/27/2017 @ 2:48 PMHas anyone used Kunversion (by: RoslynGrant)https://forum.brokeroutpost.com/loans/forum/2/336590.htmSo whats is the skinny on this platform? If you used, how long did or have you used it? What are the pros and cons? - Last Post by: RoslynGrant on 04/27/2017 @ 2:07 PM