Tag Archives: FHA

Mortgage guidelines, Mortgage Originators

Two for Tuesday – Let’s take a walk!

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#TwoforTuesday – My why is hidden in this, and really I ♥ the opportunity I have to help others with a “Dream Dad Career”.  I say this because every day I have the opportunity to walk my kids to the bus stop and see them walk in the door from school.  Help with dinner and actually eat with the family.  Much of which at some point in the #MortgageIndustry many might have skipped for success efforts.  I feel very fortunate to be able to craft my days work around family, and be able to put in long hours in the leisure of my own home.  My first point today, be in tune with your WHY, it will help you manifest your own destiny.

Second, today is a guideline day, and typically I shoot from the hip on these videos as a first take, and I recite the most commonly asked questions over the last week and provide everyone I can the answers to these questions.  This week it’s about title seasoning, both FHA & Conventional I go over in terms of rate and term and cash out!  With our **PRICING SPECIAL on VA IRRRLs and FHA Streamlines this month, the golden rule of 210 days comes to play.  Make sure you know this! Flips are allowed on Conventional, and you only need 1 day on title for rate and term.  Cash out is a different story.  See the video for the whole nine! 🙂 ↓

#TwoForTuesday – @BluePointMtg we are growing and have two great opportunities for those in the local Costa Mesa, Irvine CA area.  If you know someone that has #MortgageExperience in operations or is looking to get in the industry.  This is it! I have talked about the people being the biggest difference maker several times, and we have a need for Disclosure Specialists and Account Manager Assistants (AMA’s)!  I’m looking for your warm referral to others that you may know in CA that would like to work with great people and have opportunity to grow with Us! Who do you know?

As I always say – Share – Interact – Like – Repeat

Send me a #DM of your resume or email to reach out and inquire about positions!

#SellWell

Mortgage Originators

Thursdays Thoughts – Niches are the game!

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#ThursdaysThoughts – #Niches are the Game!  #GetOnPoint with #BluePointMtg I’ve been talking to a lot of people recently that have asked, what are your “niches” what do you do that’s different?  We are a true wholesale lender for #MortgageBrokers and our core business is #Niche loans.  FHA/VA/CONV we do and consists of 70% of our business! Remember VA and Conventional loans can go LP (Freddie) instead of Fannie (DU)!  Many seem to forget that.

Besides Home Possible, Home One, CALHFA (FHA), and manually underwritten loans we have many other options.  Including MI types, I talk in today’s video briefly on the types of delegated MI we have.  203H, is mentioned, and Reverse and Non-Agency loans! From a lender view we give our partners options to go borrower paid, or lender paid, to disclose on your own, or offer to disclose for you, and even change your comp monthly as needed.  #StayCompetitive

My thing is to help LO’s get paid! We all love loans, but like the payday the best I bet.  So if you’re in the same boat, and want a SPEED AND SERVICE NICHE LENDER in your arsenal!  Let’s chat Loans!  As I always say, I ♥ “I gotta guy” questions! 🙂

CLICK HERE TO SIGN UP

As Always –

#SellWell

Mortgage guidelines, Mortgage Originators

Two for Tuesday – Guideline Day!

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#TwoforTuesday – It’s Guideline Day on our regularly scheduled program!  Two guides today I share from recent scenarios and asks from #MortgageBrokers.  One from Conventional and one from FHA.  I ♥ “I gotta guy” questions and scenarios or guidelines that need to be clarified or answered.  Reach out with your next scenario, as I’d like to help.  My goal is to help you get paid!  Email Me

Short and sweet, right at 3 minutes to help! #GetOnPoint today with #BluePointMtg.  We’re growing and helping more and more loans close daily, #LetsDoBusiness!

Price BluePoint Mtg out on your next deal! #SellWell —> QUICK PRICER

As Always –

#SellWell

Mortgage guidelines, Mortgage Originators

Fantastic Friday – Guideline Week

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#FantasticFriday – #GuidelineWeek – Guidelines, Guidelines, and more Guidelines all week long.  Today I wrap up the week by going over the most commonly asked questions for FHA yet again.  I even throw in an extra bonus today with seller concessions max, or maximum third party contributions in Conv, FHA, and VA!

One point I’d like to make is sellers concessions can’t go over 2% in 2 different situations.  1 on investment properties and 2 on FSBO.  Know this stuff Ladies and Gents!  ↓

I enjoy helping others get their loans done and done right.  If you have guideline questions, do me a favor, shoot an email that says scenario – (Or – “I gotta guy”) in the subject line of an email.  Include the 1008, 1003, credit report and any DU/LP findings you have.  And I’ll take a look at it for you.  CLICK HERE to send an email.

As Always

#SellWell

Mortgage guidelines, Mortgage Originators

Whacked OUT Wednesday – Guideline Week!

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#WhackedOUTWednesday – #GuidelineWeek – With the most frequently asked questions about #FHALoans we will have the “whacked out” part all integrated with today’s episode.  LOL.. Seriously these are the guidelines you want to know on FHA for time lines.  I go over many more in the next two days.  But this is the area of 80% of questions monthly.  BK’s and Foreclosures and of course student loans, collections and disputes.

I’m talking to more and more to LO’s all the time about what the difference is between Retail and Broker.  If you’re a LO and want to know about the #Wholesale side of things feel free to reach out to me.  I’m #HereToHelp!

I’m helping rock stars become Brokers, helping LO’s turn into rock star producers, and getting more and more loans done every month.  Want to talk about growth together?

Don’t be Whacked OUT and not reach out, send me your Whacked OUT scenarios, I’m in the office helping Whacked OUT loans comes to life! 🙂

Text the word Juiceman to 33655, download the app and you can send me various messages.  Via App, text, email heck you can even call me.  If you wanted to price a loan out you can use that app too.  Go ahead compare your retail rates to my wholesale rates.  My products and program matrices are even open portal.  Feel free to poke around.  All located on the app.  Send your #WhackedOUT scenarios thru the app too.  Go head, text that word – “Juiceman” to the number 33655.

As Always –

#SellWell

Mortgage guidelines, Mortgage Originators

Two for Tuesday – Collections and Disputes on FHA!

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#TwoforTuesday – Back to basics as a reminder in the new year, Collections and Disputes on FHA are covered today!  Know this off the top of your head.  There is magic numbers to both of these, know them, and if the net amount on any credit report is less than the magic number ignore it and run it through DU.

FHA is a strong suit of mine, and I’ve always excelled at getting these done.  We have 203B, and 203H FHA loans, as well as CalHFA opportunity for those in California.  In all reality any FHA loan can be accompanied by some DPA, just LO’s don’t look them up.  If you find one that will meet us at the table with the money, run it by me, odds are we can do it.  Here’s a website to help you find them; http://www.downpayment.org

I’m growing and helping brokerages grow too.  Do you have a want to hire more LO’s this year?  Let’s chat, we can talk strategy for that.  Do you want to start an online presence or make the one you have actually get you names, phone numbers and emails?  We can do that too!  All I ever look to do is help on a few loans here and there.  (Small piece of the pie) #LetsDoBusiness – Take the 10 minutes it takes to print sign and send back a 12 month committment to do business.  At which point I’ll earn my right to stay in your lending arsenal.  I’ll add that much value, that’s a promise.  CLICK HERE

As I always say –

#SellWell

Mortgage guidelines, Mortgage Originators

Mondays Motivation – DU 10.3 & Loan Amounts!

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#MondaysMotivation – DU 10.3 is here! And Fannie Mae says “expect this change to yield a slight reduction in case files that receive approve/eligible findings”!  Risk is being analyzed and DU is getting smarter! If your DTI is over 45, I’d suggest you have reserves in there prior to running it.  Loan amounts were updated for FHA to follow suit of the conforming loan limit changes;

Conforming limits; 484,350 and High balance 726,525!  FHA’s limits follow suit typically at 65% of the conforming limits, and that is; 314,827 and high balance 726,525 depending on county.

There was another great reference I want to mention in these changes on Friday last week, and that is FORM 1084! A self employed borrower income worksheet Fannie Mae has approved to working income calculations off of.  I uploaded that form into the group, Sales Talk with Mortgage Pro’s! Feel free to check out the #Files tab to see all the cool cheats I have uploaded for you LO’s.

As always’ Let’s go – It’s Mondays Motivation – The Tragedy of Life doesn’t lie in NOT reaching your goal!  The tragedy lies in having no goals to reach! I’m doing strategy sessions with new mortgage broker relationships to help create campaigns with Niche products!  If you’re interested in creating goals and crushing them in 2019, let’s chat, CLICK HERE!

#SellWell

Mortgage Originators

Thursdays Thoughts – The Offer!

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#ThursdaysThoughts – The Offer! – While I do short links and promote my Wholesale Lender under the video’s the main content I have is not always “selling me” and what I do.  I try purposely to put out there a ton of value for all in the #MortgageIndustry first and foremost.  I post guidelines, motivation, selling tips, tricks and lead gen suggestions all the time.  Today, I promote the offer!

@BluePointMtg we are a true mortgage broker partner.  We are BRAWL friendly and provide a ton of options for the independent Mortgage Broker to grow their product mix.  We are value centered around communication, easy of use, and speed and service.  But not just on the average everyday John Smith client for a mortgage.  We specialize in #Niches for mortgage Brokers.  From offering options like Bank Statement loans, W2 only, Alternative documentation, investor loans, options for as low as 500 FICO or where others have overlays.  (550 FICO on FHA/VA) – We look to truly partner with our Mortgage Broker partners across the US.  From Niche offerings like Reverse loans or 5 million dollar JUMBO, to non-warrant-able condos.   Options for Lender Paid or Consumer Paid transactions, to flexible adjustments on a Lender Paid Compensation agreement, to the ability to use over 25 AMC’s.  Our mission is to help our Mortgage Broker partners close more loans.  If you’re a Mortgage Broker and want to add Niche products to your lending arsenal let’s chat, CLICK HERE! 

We are a direct lender ourselves, and offer the control, and communication that our partners are looking for.  We underwrite 99% of our products in house, and do not have to send out to other investors for second sign off.  If We issue an approval it’s the #RealDeal.  We also offer #TBD underwrite opportunity to our active partners that need us.  And the benefits of working with BluePoint Mortgage don’t stop there.  We even have tools to help our Broker’s continue to source new business with our product offerings.

We would ♥ to partner with you!  As we are growing in times where others are shrinking, I am blessed to offer as much help to those We partner with.  Get on Point with BLUEPOINT today! CLICK HERE!

**In Closing today – We are growing, and we are seeking talent and those that see opportunity with a growing wholesale lender to partner and grow a pipeline themselves.  If you know a great seasoned AE (Account Executive) – I just started taking resumes and would like to know from you who you recommend!

As Always – #SellWell

Mortgage guidelines, Mortgage Originators

Two for Tuesday – Guidelines and Letting the CAT out of the BAG!

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#TwoforTuesday – Guidelines for FHA today, and Letting the CAT out of the BAG! #BIG #Announcement – Plus as an added bonus we have 4 days left of August RUSH!  All purchases gain a .25 incentive (FHA/VA/Conv)!!

We are revolutionizing how LO’s take advantage of #Trends, and this Friday at 10 am EST I will have a webinar on how to grow your business year over year!!  If you’re a LO you want to be on this one.  CLICK HERE to sign up for the webinar!

LETTING THE CAT OUT OF THE BAG! ↓

We will be revolutionizing how loans are done for LO’s in this segment, and I can’t wait to help those that want to take advantage of this trend.  The first thing to do is to get SIGNED UP with BLUEPOINT MORTGAGE —CLICK HERE! I personally can’t wait to help LO’s learn to market, and complete this loan with ease.  As a wholesale lender, We’re dedicated to help Mortgage Broker’s grow their business! #LetsDoBusiness

As Always – #SellWell

 

Mortgage guidelines, Mortgage Originators

Two for Tuesday – Guideline Week (FHA)

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#TwoforTuesday – I ♥ guidelines and will always use them as a tool to help my clients get to the end goal – close more loans! That’s what they’re there for.  To help us.  Might as well point out one’s I see missed or not understood by the masses right.  It’s my value point for you.  It’s where I can shine to help you structure a deal right to begin with.  Today I go over two FHA guidelines that are commonly asked as questions.  Seasonal income and how to use it.  As well as departing primary income and rental income calculation.

It’s important to align your Brokerage with Lenders that can help you with guidelines and do not have many overlays.  That’s the point, to help you get on POINT.  With BLUEPOINT! CLICK HERE and complete the broker package today! We are a Broker Friendly lender growing all over the nation.  Let’s do business! With strong pricing on FHA/VA and the 9 different non-qm options we are poised to make impact where other lenders may not specialize.  That’s our “niche'”.

Guidelines are apart of our everyday role as AE’s and wholesale Lender reps, we have LO’s and Broker’s asking us questions all day.  We can gain answers straight from the source (Underwriting) and help you structure your loans to actually close.  This is the difference making we make at BluePoint.  Don’t get stuck with loans you can’t close.  Get on point with BluePoint today!

#SellWell