#TwoforTuesday – Back to basics as a reminder in the new year, Collections and Disputes on FHA are covered today! Know this off the top of your head. There is magic numbers to both of these, know them, and if the net amount on any credit report is less than the magic number ignore it and run it through DU.
FHA is a strong suit of mine, and I’ve always excelled at getting these done. We have 203B, and 203H FHA loans, as well as CalHFA opportunity for those in California. In all reality any FHA loan can be accompanied by some DPA, just LO’s don’t look them up. If you find one that will meet us at the table with the money, run it by me, odds are we can do it. Here’s a website to help you find them; http://www.downpayment.org
I’m growing and helping brokerages grow too. Do you have a want to hire more LO’s this year? Let’s chat, we can talk strategy for that. Do you want to start an online presence or make the one you have actually get you names, phone numbers and emails? We can do that too! All I ever look to do is help on a few loans here and there. (Small piece of the pie) #LetsDoBusiness – Take the 10 minutes it takes to print sign and send back a 12 month committment to do business. At which point I’ll earn my right to stay in your lending arsenal. I’ll add that much value, that’s a promise. CLICK HERE
As I always say –
#TwoforTuesday – Sales and Guidelines go hand in hand. Today I go over a way to find deals in your #Database! If you don’t already have one, build a list. If you’re building a list and that list isn’t yours back it up or make a copy. The #GOLD is in the #LISTS! You just have to work them! Check your database today, dig deep and you might find a new opportunity.
Guidelines for BK/Foreclosure/Short Sales are some of the most commonly asked questions. I go over just this today, for Conventional, FHA/VA, and Alt-QM loans. Do you know someone whom just had a derogatory credit event due to unfortunate circumstances? There’s a loan for them as long as it’s settled. Find out more about what type of LTV and rate would apply for those borrowers HERE!
When the going gets tough, the tough get going! What are you doing to generate leads and exposure for your #Brand? I teach LO’s all over how to create more of a presence. It’s #TheBLUEPRINT that helps you leverage social media in a whole new way. Looking to make 2019 your best year yet? = Start now – Click HERE
I’m here to help you #GetOnPoint with #BluePointMtg and close more loans.
As Always –
#TwoforTuesday – 30 days and multiple jobs! Guideline day!! 30 days left (less than) to make sure all your self employed borrowers in the pipeline that have filed and extension close using 15/16 taxes. Make sure you know if that borrower is going to file taxes, it may take another week or two or three to get those transcripts back! And the second guideline is centered around those that have a 1003 job history with multiple jobs in the last 12/24 months. Is that ok? Does it disqualify a borrower for a FHA loan? That and more in today’s video!
Gotta ♥ guidelines, today as stated in the video, feel free to check out some of our Products and the guidelines we have posted for each. There are several matrices for products we have including for investor loans, and bank statement loans. CLICK HERE – For a quick look at the guideline’s for the products we offer! #GetOnPoint @BluePointMtg!
As always – #SellWell
#TwoforTuesday – Guidelines for FHA today, and Letting the CAT out of the BAG! #BIG #Announcement – Plus as an added bonus we have 4 days left of August RUSH! All purchases gain a .25 incentive (FHA/VA/Conv)!!
We are revolutionizing how LO’s take advantage of #Trends, and this Friday at 10 am EST I will have a webinar on how to grow your business year over year!! If you’re a LO you want to be on this one. CLICK HERE to sign up for the webinar!
LETTING THE CAT OUT OF THE BAG! ↓
We will be revolutionizing how loans are done for LO’s in this segment, and I can’t wait to help those that want to take advantage of this trend. The first thing to do is to get SIGNED UP with BLUEPOINT MORTGAGE —CLICK HERE! I personally can’t wait to help LO’s learn to market, and complete this loan with ease. As a wholesale lender, We’re dedicated to help Mortgage Broker’s grow their business! #LetsDoBusiness
As Always – #SellWell
#MondaysMotivation – Guidelines and Marketing are the two things you, as an LO, must master in order to be successful! While guidelines change all the time, so do marketing trends and what works. You need to be “up to date” on these to be a successful LO in Today’s environment! All this week, I go over commonly asked guidelines and a talk about how it coincides with marketing.
On FRIDAY Aug 31st, 2018 @ 10 am EST, I will put on a webinar that’s FREE for all! I am going to cover a part of #TheBluePrint that I’ve been teaching Broker’s/LO’s for years to expand their business. It’s all about whom to reach out too when through the year to help you expand your rolodex of referral partners. Someone probably told you to network with RE Agents, but whom else could you be gaining business from and when throughout the year should you be reaching out? These are all things I cover on Friday’s Webinar.
FRIDAY AUGUST 31st, 2018 @ 10 am EST is the time for the webinar! Want to know more about using seasons and trends to help you build your business? SIGN UP HERE!
As Always – #SellWell
#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
#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
#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?
#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
#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