A deal just blew up before my eyes and I could not stop it...

[jnevin]

Loan officer. I have $1.7M closed and funded so far this month. I have another $545K loan that has a full DU approval and I just need my payoffs back to close it. I think I'll fuck off for the rest of the month after that one. Golf every day or something.

 

[puddlemonkey]

See: You can take it just like you give it.
Looking forward to the HD edition.

Always!

 

[Faizakafez]

Always!

 

[puddlemonkey]

Whats that buddy? I can't see you.

 

[yonkers weights]

Good for you. Congrats!
What is the payout on something like that? Not in that business so I don't know. Is the market hurting you? I hear alot of places are getting rid of their no doc application too. Effect you?

Loan officer. I have $1.7M closed and funded so far this month. I have another $545K loan that has a full DU approval and I just need my payoffs back to close it. I think I'll fuck off for the rest of the month after that one. Golf every day or something.

 

[jnevin]

I pretty much make what I charge, so it varies. I'll do ok off of what I've closed. Yeah, the market's changing, but it'll come back around in a few months. The herd'll thin is all, I'm fine with it. I don't do many no doc loans, those are basically fraud, and I won't put anyone in a situation they can't handle. I never did any of those bullshit teaser rate loans either unless people really knew what they were getting. The industry was really irresponsible for a while and now it's biting people in the ass.

 

[yonkers weights]

I did a no doc when I bought my beach house, 2 years ago. Credit score was high enough. I make a good part of my money from my restaurants, cash! So I had to go that way. Now my sal is high enough to go the normal route. Looking to sell my condo and buy a house in Bedford, Bronxville, Scarsdale or Pound Ridge. Bye bye Yonkers by this winter... So sad!

 

[dead_reggin_storage_fashi]

jenverila submit an EPS

send it to the SLD desk

i love having underwriters on the same floor as me

 

[jnevin]

jenverila submit an EPS

send it to the SLD desk

i love having underwriters on the same floor as me

The SLD was nice, but so is ysp.

 

[dead_reggin_storage_fashi]

I did a no doc when I bought my beach house, 2 years ago. Credit score was high enough. I make a good part of my money from my restaurants, cash! So I had to go that way. Now my sal is high enough to go the normal route. Looking to sell my condo and buy a house in Bedford, Bronxville, Scarsdale or Pound Ridge. Bye bye Yonkers by this winter... So sad!

on loans of 417k + (except Hi and alaska) you will need 720 with a total no doc stated income/asset today. fast and easy

no ratio loans price out like shit