Tag Archives: Guidelines

Weekend Call to Action – Delayed Financing Exception!

#WeekendCalltoAction – Delayed financing exception needed for cash out to do improvements on a new home!?  – Well if your client bought a home CASH in the last 6 months and wants to pull cash out – now’s the time! My advice is to call all the title reps and agents you’ve had the pleasure to deal with in the last 60 days on purchases.  See if they can give you a warm referral to a cash buyer you didn’t know about.  (They didn’t need a loan then)

What I know, is when people move into a new house to them, they always want to do something.  Change the bathroom, paint the walls, add a shed etc.  If you do a polite “quality assurance” call to follow up on behalf of the RE Agent, and just ask if they are in need to obtain some equity now, it could be your win!  Of course talk up the RE Agent or Title rep that referred you and ask for reviews for them.  It’s a great way to add value to your partners and source new business at the same time.  I go over the guidelines below:

The delayed financing exception can be done very often on both Fannie Mae’s side and the Non-Agency side of things.  So reach out we have 9 different options under the Non-Agency umbrella that could help too!  #LetsDoBusiness – Get on Point with #BluePoint – CLICK HERE!

As Always – #SellWell

Thursdays Thoughts – DSCR / NIVA loans and how they work!

#ThursdaysThoughts – Debt Service Coverage Ratio loans (NIVA) and how they work! Today is another edition of Non-Agency tid bits of guidelines as I’ve been doing all week.  This loan is POWERFUL!  And a great way to source new business with a past client you might have.

What I would do, is look at all your past clients that already own 1 rental property and call them today.  See if they considered expanding their portfolio at all to gain a new investment property.  With value’s being steady across the Nation and rates rising (gently) this year, NOW’S THE TIME! These loans are great and allow someone to buy a new investment property without a lot of hassle.  No income is on the loan.  Especially if they live in an area where the rents compared to the PITIA would be more significantly.

I’m here to help you gain clarity, prescreen these “creative” loans and get them done.  WITH THE SAME SERVICE you offer your “Agency” clients.  In the first month #GetOnPoint at #BluePoint I’ve watched Non-Agency loans gain approvals and get conditions signed off in 24 hours (or less).  We truly are a broker’s partner for Non-Agency loans and why I highlighted the 9 different programs we have this week.

Check out BluePoint’s product mix here —-> PRODUCT MIX

Let’s have your team get on point with #BluePoint too! I’m in the office helping loans get structured daily.  Why not you! 🙂

As always – #SellWell

 

Whacked Out / Wonderful Wednesday – Happy 1st of the month!

#WhackedOutWonderfulWednesday – Happy 1st of the month! – I personally ♥ long processing months.  Means more chance to close loans.  As we all (*anyone in the mtg industry) gets ready to turn in your goals for the month – #WonderfulWednesday – I wanted to continue on the weeks theme of Non-Agency loans and add some additional wisdom on “doc types”.  The #WhackedOutWednesday part is the bank statement loans.  And what seems to be the loan that falls out the most.  However, doesn’t need to be.  It’s all about how the 1003 is put together, and I go over just that on today’s episode as I describe the different types of file doc types Non-Agency/Non-Qm loans have.

Bonus, since I didn’t make a decision in advance, I combined the wonderful and the whacked out part together.  🙂 Happy hunting in a long month!  I’m here to help you #GetOnPoint with #BluePoint! #LetsDoBusiness ↓

Hope you enjoyed the #LunchNLearn today! Here’s the link to subscribe to rates daily.  – Daily Rates

I’m in the office to help you structure these loans.  Happy 1st of the month!  Who needs a Non-Agency same month closing?

As Always

#SellWell

Mondays Motivation – Non-Agency Tid Bits

#MondaysMotivation – Non-Agency tid bits of guidelines this week.  Non-Agency has a better ring to it than Non-Qm, and some may have a negative cogitation to the word.  However, more than 50% of all Non-Agency loans are in fact full doc.  While we boost bank statement loans, and you see investor options coming out, the important thing to remember is great options for your borrowers.

Weather self employed, or just had some event happen in the past that shouldn’t prevent a qualified borrower otherwise to have to wait 2, 3, 4 or even 7 years to buy a home.   Non Agency guidelines help make dreams come true.  Get on point with BluePoint here – CLICK HERE! We have 9 different non-agency options that you can add to your product mix!

Great guidelines to know, and a way to “make the loan happen” when reserves or a gift is needed.  There are plenty of good loans in the non-agency arena and these are just some tid bits (Guidelines) I’ll go over this week to help them shine.

As always – #SellWell

Weekend Call to Action – Segment guidelines!

#WeekendCalltoAction – Part of expanding your referral base is to segment.  Yep, segment those RE agents specializing in products you do.  Such as those that list condo’s for example.  Such as those that list BIG homes, or those that are near a VA base for example.   You can create a way to segment with GUIDELINES.   That’s how you find the WHO or WHERE to market.

To know HOW to market is sometimes just as simple as dropping a guideline.  About that niche the referral partner works around.  This is value added, and if it’s a strong point about your products then mention it.  Maybe others have overlays, or don’t “do” that type of property.  Market to the people that list those properties and you can expand your referral base.

I love ♥ to segment guidelines.  It’s a great way to look at a geographical area and talk business about a specific product I know the broker would use.  You can do the same with referral partners of all types not just RE Agents.  Don’t get stuck with loans you can’t close, partner with a lender that offers solutions! #BluePoint is here to help!

If you want more options to close more loans, and help with potential segmenting for your marketing let’s chat!  – CLICK HERE! #LetsDoBusiness

As always #SellWell

Two for Tuesday – Guideline Week (FHA)

#TwoforTuesday – I ♥ guidelines and will always use them as a tool to help my clients get to the end goal – close more loans! That’s what they’re there for.  To help us.  Might as well point out one’s I see missed or not understood by the masses right.  It’s my value point for you.  It’s where I can shine to help you structure a deal right to begin with.  Today I go over two FHA guidelines that are commonly asked as questions.  Seasonal income and how to use it.  As well as departing primary income and rental income calculation.

It’s important to align your Brokerage with Lenders that can help you with guidelines and do not have many overlays.  That’s the point, to help you get on POINT.  With BLUEPOINT! CLICK HERE and complete the broker package today! We are a Broker Friendly lender growing all over the nation.  Let’s do business! With strong pricing on FHA/VA and the 9 different non-qm options we are poised to make impact where other lenders may not specialize.  That’s our “niche'”.

Guidelines are apart of our everyday role as AE’s and wholesale Lender reps, we have LO’s and Broker’s asking us questions all day.  We can gain answers straight from the source (Underwriting) and help you structure your loans to actually close.  This is the difference making we make at BluePoint.  Don’t get stuck with loans you can’t close.  Get on point with BluePoint today!

#SellWell

Two for Tuesday – Guidelines to help!

#TwoforTuesday – Gotta love guidelines! It’s easy to forget but a VA loan is quite possibly the best loan out there.  Today I go over a quick tip on VA loans that could help you LO’s gain another quality conversation with a past client.  You might end up with a referral or a new purchase.

Today I will tell you about a bigger project I’m working on.  And it all starts with a smaller core group of LO’s that are action takers and want information on what to post to gain leads.  Ad copy is an art.  And I have teamed up with a few LO’s to create Mortgage Marketing Syndicates – A paid group for ad content to create engagement, exposure and opportunity.  Leads!  For about the cost of a good lunch (9.97) we give LO’s ideas, pictures and content that they can #Copy #Paste #Post and #Profit!  Fun stuff going on in here.  And it’s great to see those that take action from some of the best implement and see results.  And we’re just getting started.  If you’re interested in learning what to do, how to do it, and even get ad copy to use to do it…. well go ahead and click the link.  🙂

As Always #SellWell

Two for Tuesday – Guidelines to know!

#TwoforTuesday – Some great guidelines to know for DU approvals to show up.  Today I go over some common questions that I get about collections and balances.  It’s actually for conventional loans, but yep, I throw in the FHA guides as well! 🙂

You know I ♥ Govie loans! Everyday I’m talking Loans and Leads! What topic you want to talk about today?  – I’m in the office helping LO’s close more deals all day, reach out to me!

Short and sweet to the point today – Now go get on the phones, and make something happen!!  #SellWell as always (no link today) – Just good content! 🙂

Whacked OUT Wednesday – Large Deposit Guideline Edition $$

#WhackedOutWednesday – Is back and in full effect this am.  WOW, I mean WOW, what goes through the mind of clients that think they can just deposit large sums of money in their bank account as you’re doing a purchase loan anyway? lol  Today, I go over the guidelines on large deposits to clear the air, and help you know what to look out for.  HINT – It has to do with what type of loan your doing! Not all deposits are considered equal.  (large)

Don’t be fooled, while I add a lot of value to my Broker partners, and can help them source business, I AM STILL LOOKING FOR ACTION TAKERS!  I am not at my goal monthly and want to help as many mortgage Broker’s as I can.  Sometimes I think people might think I’m swimming in business and don’t need their loan because I do these videos and add so much value inside the groups and social media.  That is not the case, I need and want to help as many people as I can.  If you don’t have a responsive AE, or someone that can help you actually source business on top of close loans for you, CALL ME! – Let’s make it ring today, 304-901-2798 is my office line.  Reach out don’t be shy, I might be able to help on that “I gotta guy” guideline question, or I can discuss with you marketing strategies to help you double your business.  Either way, #LetsDoBusiness!  – I am growing towards my goal daily, but I’m not stopping until I’m there!

#SellWell – JUICEman

Thursdays Thoughts – Guideline Week

#ThursdaysThoughts – Some great guidelines this whole week we’ve had.  Today’s installment I kept raw, a first take and said umm quite a bit.  LOL.  I want to encourage everyone I can to break out of their comfort zone and do a video, it doesn’t need to be perfect.  This week we had a lot of videos to honor a LO that spread his wings.  During this past Tuesday a TON of LO’s did video’s some for the first time.  EVER.

The thing is, consistency gets you better at them, today I just winged it.  First take and just minimal thought into it.  Not my best one for sure, but what I want to reiterate towards others is that YOU can do this too.  Create a market presence with video marketing in your area.  It’s proven to work, and all my exposure is from organic videos, this blog, and my charismatic persona online.  I don’t pay for ads, I don’t pay for anything but like 45 dollars for this domain yearly.

You can do this! NO JOKE! Oh, and the guidelines today are good too 🙂 I do go over EAD cards and what to do if there’s an expired one.   Also I highlight an Investor Advantage loan that I have to offer you LO’s and Broker’s out there.  Check it out below ↓

All you need to do is stick your neck out there and spread a message you believe in.  There’s not really much to all this marketing stuff.  Many just are afraid.  I want to encourage each of you to try and try again.  Do it consistently for 1 week, and you will see yourself evolve.  – #SellWell (no link today) 🙂