Loan Officer Winston
Loan OfficerForum Replies Created
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Thank you for the reassurance.
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Mortgage rates are coming down but home sales are not increasing. The economy is in very bad shape. Home sales are dropping month after month
Home builders like Lennar Homes and DR Horton are in a panic mode and are lowering prices up to 30% and offering huge incentives. Stay tuned folks. GCA FORUMS NEWS will update you more on this horrific housing market.
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Have you heard of KARMA? There is a percentage of cops who think they are above the law and have a humongous ego problem. Unfortunately, there is a percentage of kids who have been bullied in high school and beaten up, and their life dream is to become police officers. With a mission to become cops, they somehow beat the system, worm their way into the hiring process, and get hired as cops. As cops, they bully the public, and they use the power given to them and abuse their powers. Eventually, they do something stupid on the job, and karma gets them back. Watch the attached video about cops whose egos backfire on them big time.
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Another funny prank call video clip about a guy offering a job at the county morgue for a Fart Sucker position for dead bodies.
https://www.facebook.com/share/r/dqiwakjprN5DpPXU/?mibextid=D5vuiz
facebook.com
Funny prank😂😂……#instreamads #funnyprank #prankster #prankcall #fypviral #highlights #followers #viewers
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Another hilarious prank call video clip
https://www.facebook.com/share/r/mfSeRdshR6STvTpB/?mibextid=D5vuiz
facebook.com
Your mom kissed me Funny prank phone call 😂😂😂😂😂😂😂😂
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Thank you for bringing up this topic. Getting approved for the Illinois NMLS MLO (Mortgage Loan Originator) and Company licenses involves several steps. Here’s an overview of the process based on general requirements as of my last update:
For Individual MLO License:
Pre-licensure Education: Complete 20 hours of NMLS-approved education. This includes 3 hours of Illinois state-specific content.
NMLS Test: Pass the National SAFE MLO Test with Uniform State Content.
Application: Apply the NMLS system. Pay the required fees.
Background Check: Submit fingerprints for a criminal background check. Authorize a credit report.
Financial Responsibility: While Illinois is relatively lenient on credit issues, applicants should be prepared to explain any financial issues.
Sponsorship: Secure sponsorship from a licensed mortgage company.
For Company License:
Application: Submit a Company (MU1) Form through NMLS.
Financial Requirements: Provide financial statements. Meet minimum net worth requirements.
Surety Bond: Obtain a surety bond based on loan volume.
Designated Qualifying Individual: Appoint a qualifying individual with the required experience.
Business Plan: Submit a detailed business plan.
Policies and Procedures: Develop and submit written policies and procedures.
Office Requirements: Establish a physical office location in Illinois.
Background Checks: Control persons must undergo background checks.
Fees: Pay all required licensing fees.
Key Points: Processing times can vary, but as you mentioned, individual licenses often process faster than company licenses. Requirements can change, so checking the NMLS and Illinois Department of Financial and Professional Regulation websites for the most current information is crucial. While Illinois may be more lenient on credit issues, applicants should still be prepared to address any financial concerns. Ongoing education and compliance are required to maintain licenses. Remember, while obtaining the license is important, maintaining ethical standards and complying with all relevant laws and regulations is crucial for long-term success in the mortgage industry.
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The Dan Bongino and Bill O’Reilly saga continues: Dan Bongino recently expressed his anger towards Bill O’Reilly due to comments O’Reilly made on his show. Bill O’Reilly called Bongino a “fanatic” after Bongino stated that even Democrats do not want illegal immigrants to vote. Bongino took offense to this characterization and responded strongly on his platform, defending his stance and criticizing O’Reilly’s perspective. O’Reilly’s critique likely stemmed from his perception of Bongino’s rhetoric as overly extreme or divisive. This type of public disagreement is common in the media landscape, especially among high-profile commentators with strong opinions on sensitive issues like immigration and voting rights. For more detailed information on their exchange and the specific context of their comments, you can refer to the latest episodes of both Bill O’Reilly’s “No Spin News” and “The Dan Bongino Show” on platforms like Rumble and TuneIn.
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Tiny Homes will be the wave of the future. More people are interested in buying tiny homes. Financing is a problem. Most lenders don’t want to lend lower than $150,000 loan amount.
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Inflation is soaring and more wealthy folks are starting to shop at Walmart. Home Depot earnings are slowing due to the soaring Inflation rate, out of control unemployment and layoffs, the housing bubble about to burst, and fake news media reports. Home Depot is closing stores nationwide and thousands of layoffs is expected. https://youtu.be/YGKWjfmk2Q0?si=xOE6Cg01LdmXwN_k