Sorry this one is out late today, but I have been catching up on last week’s events, their effects on the market and much more. It is not easy returning from a week’s vacation when you cut yourself off from what is going on.
As I mentioned, a lot of volatility occurred throughout the week […]

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This weeks training video covers a step by step marketing plan (Nothing held back) I personally used to earn over 100k working with FSBO’s.  One of the unusual aspects of FSBO marketing is the market is easier to tap into in a down market, making this an ideal source of leads for both loan officer’s […]

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OK, well there you go.  It’s a start thinking it through. 
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Go to Radical for access to full screen images.

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OK, now let’s remember this is a closed transaction. I’m using it to get a real life scenario into a GFE but I haven’t completed a sales comparison or lock info.
I’ve added notes where there is ZERO tolerance for differences if there are no unforeseen changes. I have also made note that the lender and […]

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THESE ARE TWO DEFINITIONS TAKEN FROM THE PROPOSED RESPA RULES:
Mortgage broker means a person (not
an employee of a lender) or entity that
renders origination services in a table
funded or intermediary transaction. A
loan correspondent approved under 24
CFR 202.8 for Federal Housing
Administration programs is a mortgage
broker for purposes of this part.
Origination service means any service
involved in the creation […]

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using three closings we are performing today.  Interestingly, one transaction is a mortgage broker, one transaction is a local bank who is selling servicing released, and one is a top five lender.  I’m going to use the data from the HUD to complete the GFEs so we can see how the deals would have looked […]

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