Commercial Mortgage Lender William
Commercial Mortgage LenderForum Replies Created
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I will look for up-to-date information on mortgage credit scoring models and the distinctions among consumer-facing platforms.
Here’s the key takeaway: mortgage credit scores can differ substantially, and the main reasons are the scoring models used and the platform shown to consumers.
Mortgage Lenders and Credit Scoring
What Mortgage Lenders Still Use:
Traditionally, mortgage lenders used the “Classic FICO” scores, which means the following and helps explain the scores used in mortgage decisions:
- FICO Score 2 (Experian)
- FICO Score 4 (TransUnion)
- FICO Score 5 (Equifax)
These older mortgage-focused scores are not FICO 8, 9, or 10, and they focus on the stability of the consumer’s payment history.
What is Changing (July 2025):
The FHFA (Federal Housing Finance Agency) announced a July change: mortgage lenders will now have the option to use VantageScore 4.0.
https://gustancho.com/fico-and-vantagescore/
gustancho.com
FICO and VantageScore: Which Should You Use for a Mortgage?
Difference between FICO and VantageScore is the VantageScore is 50 points lower. The FHFA now requires using VantageScore 3.
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This video features Megan Marsh, a 20-year veteran of the mortgage industry, interviewing Samantha Gilbert from The Processing Lab to discuss the strategic value of third-party contract loan processing for mortgage brokers and loan officers.
Key Takeaways from the Discussion:
Defining Third-Party Processing: Unlike traditional in-house processing where the broker manages the staff and overhead, contract processors act as an external service (6:07). This allows brokers to shift from a fixed-cost model to a flexible, performance-based expense (8:21).
Core Duties: Contract processors manage the file from registration and disclosure through to closing (11:23). They also provide valuable guidance on lender selection, ensure compliance, and act as a bridge between the loan officer, underwriters, and borrowers (11:46, 15:41).
The Difference Between Processing and Underwriting: Samantha clarifies that while the processor is the “first line of defense” and the coordinator of communication, the underwriter is tasked with reviewing the file against specific investor guidelines to prevent buybacks (15:41).
Pipeline and Capacity: A skilled processor can typically handle between 15 to 20 fundings per month, depending on the file types (e.g., standard vs. non-QM or renovation loans) (20:33).
Cost Expectations: While pricing varies, the average cost for third-party contract processing typically ranges from $995 to $1,495 per file (22:03).
Benefits of Transitioning:
Scalability: It eliminates the need for managing internal HR tasks, such as hiring, training, and paying for vacation time or overtime (8:21).
Flexibility: Brokers can adjust their costs based on the number of loans, protecting profitability during slower market cycles (9:50).
Quality Control: By outsourcing to specialists, loan officers can often achieve faster turn times and ensure files are audit-ready, which is increasingly important in the current regulatory environment (13:34).
Note: The speakers plan to collaborate on future videos to further outline how to choose a processing company and how to set expectations for working relationships (22:54).
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Absolutely 💯 adore German Shepherd dogs 🐕
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Over 40 people were reportedly shot in Chicago, and Mayor Brandon Johnson blamed Trump. Then one reporter turned the question back on him.
Chicago Mayor Brandon Johnson was confronted after a violent weekend in the city, and the exchange quickly turned into one of the sharpest moments of the press conference.
Johnson blamed President Trump, federal cuts, and national politics while discussing gun violence, public safety, and community resources.
Then a reporter turned the question back on him.
After more than 40 people were reportedly shot and multiple people were killed, the reporter asked whether Trump was really the failure, or whether Brandon Johnson had failed Chicago.
The mayor pushed back, blamed Trump again, defended his administration’s safety plan, and said the reporter had already asked his questions.
Then the reporter kept going.
He brought up police staffing, Johnson’s past comments about policing, violent repeat offenders, and the mayor’s own security detail.
That is when Johnson cut him off and told him he was done.
Was the reporter right to press Brandon Johnson this hard, or did the mayor have a point?
https://youtu.be/nYwUauRjjSo?si=CX3KQzdR119NLlvh
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This reply was modified 2 weeks, 3 days ago by William.
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This reply was modified 2 weeks, 3 days ago by
Sapna Sharma.
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This reply was modified 2 weeks, 3 days ago by
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Senator Rand Paul vows to bring Anthony Fauci to justice for his deadly COVID funding and coverup. Paul also tells Miranda why Democrats brought in illegal migrants seeking welfare, not a job. And he suggests Barack Obama could face justice for leading the Russiagate hoax.
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In this shocking encounter, a private security guard takes things way too far—activating police-style lights and sirens to pull over what he thinks is a reckless driver… only to realize he’s just made a huge mistake. The driver he targeted? An actual off-duty police officer.
What starts as a questionable traffic stop quickly spirals into a full-blown investigation, exposing a dangerous mix of authority impersonation, illegal equipment, and a complete misunderstanding of the law. From tactical gear and a fully decked-out “Interceptor” vehicle to multiple license suspensions, this incident reveals how far someone will go to look like law enforcement—without ever being it.
As real officers arrive on scene, the situation flips instantly. The man who once appeared in control is now being questioned, and the truth behind his actions begins to unravel piece by piece.
This isn’t just an embarrassing moment—it’s a serious reminder of how dangerous impersonating authority a police officer is.
If you enjoy breakdowns of real-life encounters like this, make sure to subscribe and turn on notifications so you don’t miss what’s next.
What do you think?
Should the company that provided the vehicle be held responsible too? Drop your thoughts in the comments below!
https://youtu.be/87-OYU7vv7U?si=4mjsuXb1HOC–5zn
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This reply was modified 2 months, 1 week ago by William.
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This reply was modified 2 months, 1 week ago by Sapna Sharma.
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This reply was modified 2 months, 1 week ago by
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A routine traffic stop turns into something no officer expects.
In this video, we break down the moment a fake police setup gets exposed in real time — starting with a 911 call about a civilian vehicle flashing red and blue lights on the highway. What follows is a calm but methodical investigation that uncovers a fully wired “police-style” setup built with less than $200 worth of online parts.
At first, the driver seems cooperative. Friendly, even. But small details start adding up — unusual lighting, a suspicious switch panel, and answers that don’t quite hold together. Then comes the moment that changes everything.
This is the full story of how one decision — flipping on red and blue lights — led to serious consequences.
Watch until the end and decide for yourself… was this a harmless mistake, or something much bigger?
The Serial Police Impersonator Who Was Arrested 14+ Times
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Around 12:52 AM on December 28, 2025, Sergeant Dustin Widas with the Margate City Police Department responded to a report of motor vehicle accident in front of Tomatoe’s (9300 Amherst Avenue). He spoke with the bouncers, who confirmed that a female had gotten behind the wheel of a white 2024 Porsche Macan and backed into a white 2024 Buick Envista. The driver was identified as Allison Seigel, who is a practicing dentist.
Allison offered conflicting accounts of who was driving the Porsche, before eventually admitting that she drove the vehicle. As he was speaking with Allison, he observed indicators of impairment. Allison admitted to consuming alcohol prior to operating a motor vehicle. Based on his suspicion of impairment, Allison was asked to perform field sobriety exercises. Her poor performance on the field sobriety exercises confirmed the officers’ suspicions of impairment.
Based on the motor vehicle crash, her admission to consuming alcohol earlier that evening, and her inability to satisfactorily complete the field sobriety exercises, Allison was placed under arrest for DWI. Her vehicle was impounded by Providence Towing for a 12-hour hold according to John’s Law. Officer Hankinson transported Allison to the Margate City Police Department for further processing.
At the station, the Standard Statement for Motor Vehicle Operators was read to her, but she refused to submit breath samples. She later mentioned that she made half a million dollars a year as a dentist and that her vehicle was worth $70,000. After they finished processing her, Allison was eventually released to Francis Terry pending her court appearance after he signed the Potential Liability Warning form on Allison’s behalf.
Officer Hankinson issued Allison the following traffic tickets:
-Operating under the influence
-Refusal to submit to chemical test-Reckless driving
Court records indicate that on April 13, 2026, Allison pleaded guilty to operating under the influence. As a result of her conviction, Allison had to spend 12 hours at an intoxicated driver resource center, use an ignition interlock device for 3 months, and pay a total of $640 in fines. The other 2 citations were dismissed as part of it.
The New Jersey Supreme Court has previously affirmed in Salzano v. North Jersey Media Group, 993 A.2d 778 (2010) that “The fair-report privilege reflects the judgment that the need, in a self-governing society, for free-flowing information about matters of public interest outweighs concerns over the uncompensated injury to a person’s reputation.” This video advances a compelling public interest. The summary of events was based on records that are “open to public view through open access to public records” as defined in the Salzano case. In Ramos v. Flowers, 429 N.J. Super. 13, the Appellate Division of the Superior Court has also affirmed the right to film law enforcement interactions.
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These are some moments when corrupt cops got caught red handed! Make sure to drop a like and comment below if you enjoyed! If you enjoyed make sure to leave a like and let me know your thoughts on the video below in the comments.
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