#WhackedOutWednesday – The best of all week long. Today’s video is ICONIC and the message I’ve said for years. Since the beginning, the lending laws have always set a tone to aid the borrower verify what they are getting. What I mean is something was always breaking down the numbers and is signed off on. Question to go with it is: Are you as a LO actually verifying your numbers prior to docs or disclosure (CD) being sent out to the client?
As funny as this sounds it’s true. You must verify your structure. My PRO suggestion is that this is done in the very beginning on the 1003. Where you have the details of transaction. And by the way, it’s a good idea to check “Lenders” systems for the details of the transaction to be transposed the way you want too. It all translates into the DU/LP or underwrite to begin with.
Avoid the changes and have someone work with you to get to the closing table the way you “sold” the client. Garbage in and garbage out, you’ve heard the saying. Work with a team that helps you structure the loans right to begin with. Team work makes the Dream work! Give BluePoint a shot on the next loan. Today’s the last day!! Gain .25 in premium pricing on all purchase submissions Today! *Must be locked by 08/31/18!!
Get on point with BluePoint today!
As always – #SellWell