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Real Estate Home Mortgages/Expert Profile
Expertise
I have a diverse background that allows me to answer questions regarding underwriting, collections and industry changes.
Experience in the area
I have 18 years of experience in the industry. I have an extensive underwriting background that allows me to have a greater understanding of how to properly structure a loan for approval. I have been cohost of the local radio show Real Estate Matters for the last four years. I have owned and operated my own brokerage firm for the last 10 years. Along with originating and underwriting I have also handled mortgage delinquency and the foreclosure process.
Education/Credentials
BS in Business Administration from Bluffton University. I have also participated in numerous underwriting workshops put on by Fannie Mae and lenders in the Phoenix area.
Awards and Honors
Broker of the year for Arizona with Homeside Lending.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response T = Timeliness P = Politeness| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Tom | 11/02/09 | 10 | 10 | 10 | 10 | |
| Randy | 10/20/09 | 10 | 10 | 10 | 10 | Best of the Best. Jim answers questions ..... |
| Jim | 08/24/09 | 10 | 10 | 10 | 10 | provided useful information and to the point ..... |
| Anne | 08/20/09 | 10 | 10 | 10 | 10 | Thanks, Jim. I appreciate your help! |
| shena | 07/30/09 | 10 | 10 | 10 | 10 | Thanks |
Recent Answers from Jim Hoepf
2009-10-31 RESPA Question-Found forged mortgage documents:
Tom, It appears that your list of documents are only preliminary documents meant for the brokers file. If your signature in on the final documents, such as the note and deed of trust, then that is
2009-10-29 .75 condo LLPA:
Donna, I would assume they know who the loan is going through....the automated underwriting should have already been done and at that point they have an idea where its going. If they are paying 3 pts
2009-10-25 .75 condo LLPA:
Donna, I have done my homework and Fannie Mae does have a .75 Loan Level Price Adjustment for Condo's over 75% loan to value. Normally this is factored into the interest rate and figured into the yield
2009-10-23 HARP:
Milli, Is she trying to modify the loan or refinance it? I would assume that if she is just trying to get it modified, it won't happen because she is not on the loan. A refinance would make more sense
2009-10-20 Refinancing - have default notice on record:
Randy, It never hurts to try, but in my experience, it has had to be a catastrophic event that caused the problem for them to make the exception. The letter of explanation has to be submitted to your
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
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