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20 November 2019 | 4 replies
.), and then go ahead and ask them to explain to you where "6 weeks" is to be found in the following, since this is ultimately what you (not the LO) will be signing at the closing table before a notary public who will be taking your finger prints. :)Granted, I am not a lawyer.
20 November 2019 | 37 replies
and I will even go so far as to street view on google their location and ask them Hey is your office by that Mc donalds on the corner knowing its a burger king.. and see what they say. we got hacked once.. it was one of our vendors and it was for a construction draw got an e mail from her saying she changed banks.Well this vendor rarely if ever e mails so we called her right away.. and lo and behold she got her emails hacked.
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19 November 2019 | 7 replies
This is best accomplished when you start working with a L/O prior to your purchase.
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23 November 2019 | 13 replies
talk to a local LO broker.
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22 November 2019 | 3 replies
If your standard is "whoever I feel like," then invariably you will randomly feel like showing a Mermaid a house, but not a Unicorn, and lo and behold now it appears that you dislike Unicorns even if you are one.
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2 December 2019 | 6 replies
.), the CFPB/Congress exempted adjustable rate reverse mortgages from the LO Comp rule, meaning that with basically ONLY these types of loans, can the loan officer get paid more if the consumer (your elderly grandpa...) accepts a higher interest rate or worse terms/fees/etc.
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7 September 2019 | 2 replies
First mortgage payment will have to be due after your first paycheck is scheduled to arrive, and don't shaft your LO if they ask you for a copy of that first paycheck after settlement (I'll give you exactly 1 guess as to why many lenders won't do it until after that first paystub, even though technically the offer letter provisionally suffices).
6 September 2019 | 1 reply
Is there a path to become a Mortgage Broker if you're a loan officer?
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22 September 2019 | 10 replies
No rule or anything was broken here, but as a matter of courtesy you should have probably been given a heads up.In any case, legalese aside, my response before I read that the appraisal came in high (in addition to the property condition issues): LO should have given you and your Realtor a heads up and / or looped you in.