Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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To be eligible for manual underwriting on FHA loans you need timely payments for the past 24 months with no late payments and verification of rent. Unless you have extenuating circumstances, HUD guidelines does not allow for late payments on manual underwriting on FHA loans
https://gustancho.com/fha-manual-underwriting-mortgage-guidelines/
gustancho.com
FHA Manual Underwriting Mortgage Guidelines on FHA Loans
FHA Manual Underwriting Mortgage Guidelines require timely payments for the past 24 months and VOR is required on all manual underwrites
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Many tenants renting from property management companies are cheating themselves by paying the landlords mortgage payments and helping the landlord gain equity. You see, every time you pay your landlord, your landlord makes his mortgage payment of the property you are renting. Plus, every year, renters have annual rental increases. You can buy a home instead of renting. You do not need a 20% percent down payment or thousands of dollars for closing costs. A smart savvy experienced loan officer can get you become a homeowner with little to no money down. Kingsley Ifezue and his wife Olivia Ifezue are a husband and wife dually licensed realtor and loan officer team who are experts in getting you to the path of homeownership with little to no money down and closing costs covered. Email Kingsley Ifezue at Kingsley@gustancho.com. Kingsley Ifezue is available seven days a week including evenings, weekends, and holidays. Check out how much house you can afford using The Best Mortgage Calculator http://www.gustancho.com/best-mortgage-calculator
gustancho.com
Best Mortgage Calculator | PITI, PMI, MIP, and DTI
We are at Gustan Cho Associates, You easily check your mortgage eligibility with the best mortgage calculator With PITI, PMI, MIP, HOA, and DTI.
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Informative video about the Rothschild Family.
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Sapna Sharma is working hard working on our referral preferred partner network Directory. The directory is a comprehensive directory for everyone who can be a service provider for homebuyers and homeowners such as realtors, loan officers, attorneys, home inspectors, insurance agents, title companies, plumbers, electricians, landscaping companies, and other third party services.
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Try LinkedIn leads. I heard LinkedIn leads are worth the price you pay from a few loan officers
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Mortgage rates will plummet. It’s not if but when rates will plummet. When rates plummet what are we going to do with the major shortage of loan officers, processors, underwriters, and support staff? Unless we find a way to automate the mortgage loan origination process or have artificial intelligence to handle the loss of manpower, we will have another mortgage crisis coming in the weeks and months ahead. Mortgage Rates will probably never be in the 2.0% range but you can bet rates will be in the 4% range which will spark a refinance wave.
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As long as the Democrats don’t cheat, Trump should get reelected in 2024.
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There were a loss of 100,000 loan officers who left the mortgage industry in the past 24 months. There are a total of 41,055 Mortgage Brokers in the United States as of December 04, 2023 and the numbers is expected to decrease. These numbers need to be fact checked but seems the source is rentech digital SmartScrappers, a data lead generation service websites who sell list of mortgage brokers and contact information nationwide. Many mortgage brokers cannot survive the tough competitive mortgage industry climate with surging inflation, Bidenomics, high mortgage rates, and a very volatile housing market. The secondary mortgage markets are very volatile and unstable that many mortgage lenders do not know how to price a loan they are banking and are worried shitless over not being able to sell their funded loans and have an inventory of scratch and dent loans.
https://www.housingwire.com/videos/james-kleimann-on-8-mortgages-and-the-loss-of-100000-los/
housingwire.com
James Kleimann on 8% mortgages and the loss of 100,000 LOs - HousingWire
Today we talk about about 8% mortgage rates, the number of LOs who have left the industry, and the commission lawsuits facing NAR.
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The referral partner network directory will be a referral directory for third-party professional and services and will have a customer review platform. The factors that separates us from the competition like Angie’s List, Realtor.com, Zillow.com, Google My Business, and other well know branded services directory with review and testimonial platforms is GCA Forums’s referral business partner network directory is the team at Gustan Cho Associates will create content and optimize it for maximum SEO exposure so the professional or business owner can get organic internet leads due to high interest traffic. We will have a landing-page with content, infographics, images, video if applicable, social media link, extensive optimized keyword rich content, and will be accessible to the main FORUM. The business owner or professional will have access to useful resources for the convenience of their customers and viewers to their landing page. This project will be an ongoing project and even if the entire preferred referral partner network directory is complete, the team at Gustan Cho Associates will strive to always improve and stay ahead of the competition. Who can be listed on the preferred referral partner network directory? It will be by invitation only and be nominated and sponsored by a Gold Member of the GCA FORUMS and unanimously approved by all directors of the GCA FORUMS Board of Directors. Just because you are nominated and approved to be sponsored and listed as a preferred referral partner, any one or more confirmed and vetted negative review can and will get the business or service entity or professional banned from GCA FORUMS for a specified or permanent length of time. The setup fee and annual membership will be announced at a later date. As for the one-stop lending shop loan officer website, the all-in-one MLO system is only available to loan officers and managers at Gustan Cho Associates Oakbrook Terrace, Illinois Branch or any loan officers or dually licensed realtor and loan officers sponsored by a member of Gustan Cho Associates.
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