Forum Replies Created

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    Russell

    Member
    February 15, 2024 at 5:38 am in reply to: Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

    You don’t have to have a CPA for the CPA Letter.

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    Russell

    Member
    February 9, 2024 at 2:48 pm in reply to: James O’Keefe Undercover with Gay White House Advisor

    I have never seen such political corruption at all levels of government in my life.

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    Russell

    Member
    January 21, 2024 at 12:49 am in reply to: HUD Manual Underwriting on FHA Loans

    Can you qualify for a Manual Underwriting on an FHA loan with one late payment in the past 12 months?

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    Russell

    Member
    January 20, 2024 at 11:47 pm in reply to: Donald Trump the Art of an Insult

    Understanding former President Donald Trump video

    https://youtu.be/L17q1lgJBac?si=RW-pp_WxSi6uHxzw

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    Russell

    Member
    January 20, 2024 at 11:25 pm in reply to: Sammy Gravano Brake Silence

    Great documentary about Salvatore The Pit Bull Gravano.

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    Russell

    Member
    January 20, 2024 at 11:23 pm in reply to: Donald Trump the Art of an Insult

    One thing about Former President Donald Trump is he speaks his mind. He will not tell you what you want to hear. He will tell you the facts and will not bullshit you.

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    Russell

    Member
    January 12, 2024 at 8:08 pm in reply to: One-Stop-Online Loan Officer Career Website

    How can me and my real estate agents get on the list.

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    Russell

    Member
    January 12, 2024 at 7:16 pm in reply to: Is The Coronavirus Vaccine Safe?

    I heard about Anthony Fauci torturing Beagle dogs by the dozens at a time where each one of them was suffering in pain while being euthanized. What kind of sick individual would ever think about making a poor dog suffer for not reason and use the excuse of research in science to justify this unjust cruelty.

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    Russell

    Member
    January 12, 2024 at 7:07 pm in reply to: Are People Leaving The Mortgage Industry?

    There is a mid-sized mortgage company that is full eagle that I know many loan officers, processors, and underwriters who work or used to work there. The mortgage company grew exponetionally in size and volume over the past several years. The main owners of the company did not spare any expense on decorating the office, the lunch and dinner parties for loan officers, support and operations staff, and realtor referral networking partners. They did not hesitate to spend $10,000 several times over every other week for realtor functions, downtown parties, party buses and party boats. Last November, the owners of this mortgage company laid off or fired the top salary people which includes openers, mortgage processors, mortgage underwriters, people from the closing department and funding department, HR, and operations. They only kept the lower budget employees. The loan officer count at this Illinois mortgage lender is down to half with the office alone being $30,000 per month. This is a mortgage lender and not mortgage broker, so most loan officers are struggling with asking for pricing exceptions on every deal they close. Mortgage brokers are capped at 2.75% compensation but mortgage bankers normally have to price out mortgage loans at 5% or higher in order to be able to pay overhead. I see this mortgage lender going out of business if the market does not improve soon.

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