#WhackedOutWednesday – This is gold today! One of the best processing tips of the week. We’ve talked about uploading a loan, submitting a loan, and today processing the conditions you get at approval. First things first though, I will say as a reminder, PLEASE READ DU/LP and know what is asked for with income. And then ONLY send those things in at initial underwrite. DO NOT send in taxes when taxes are not needed or asked for. – FYI. (Common Mistake – Whacked OUT!)
Process the information you are sending in to be cleared in a way that makes it simple for someone to decipher your 100 page PDF of what goes to what. Don’t let it be a guessing game. Make it easy.
My goal is to help more LO’s close loans in 10 days. It’s not hard. And very simple to do if you approach the loan right. I help my LO’s do just that, and not only close them in 10 days, but source new business in the process. I’m growing!! – #LetsDoBusiness
#TwoforTuesday – Broker disclosed or Lender disclosed are two common options when submitting a loan. Today I break down the “skinny package” to help make it easier to understand.
In processing a loan, submitting should be one of the easier steps inside a lender portal. Don’t over complicate it, keep it simple. I suggest you upload a PDF with submission form and required “disclosure” docs based on how you are submitting and then a second PDF with all supporting docs. Based on what your findings show on DU/LP. Don’t make the mistake of sending in extra stuff at submission of a loan. Just keep it basic on what DU asks for upfront. **That means you have to read the findings and only upload what’s asked for!
I’m growing this week with new relationships in areas that do FHA and Non-QM loans. If that’s you, #LetsDoBusiness ↓
#MondaysMotivation – It’s #ProcessingWeek – And I go over the best tips and tricks to help you LO’s close loans fast. Closing loans under 10 days should be the norm when they are processed correctly. Loans are not hard, stressful only because information isn’t always proved, and only take a long time when processing isn’t done right.
This week my goal is to help just that, by giving tips and tricks in processing a wholesale loan to my audience and hopefully help someone close a loan with a new best practice in processing!
I’m here to help you upload and gain DU/LP approvals all week. #LetsDoBusiness! I’m growing this week and seeking mortgage Broker’s in a handful of States I am not in. Can’t wait to expand, will your Mortgage Brokerage be one that I help grow?