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I have a diverse background that allows me to answer questions regarding underwriting, collections and industry changes.
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.
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.
Broker of the year for Arizona with Homeside Lending.
| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Donna | 11/11/09 | 10 | 10 | 10 | 10 | Thanks so much for all your help! |
| 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! |
Lori, Unfortunately there are no laws preventing them from doing that. In my mind its an unfair practice, but it assures them that the house is being repaired accordingly. There are a lot of people
Adrienne, I don't have much good news for you. The majority of lenders have capped the number of properties at four. My only suggestion would be to possibly contact one of your local regional banks
Donna, I would be very surprised if they didn't know up front. Loans are run through automated underwriting either through Fannie Mae or Freddie Mac. Its very unlikely than ran it through one and
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
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
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