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This is the minimal ownership percentage in a business to be considered self-employed
What is 25%
Do we fund your favorite mortgage broker's own personal home loan through HomeX?
What is No, but Yes -- ONLY when the loan packages have been processed by non-affiliated third-party mortgage brokers?
This is what I do when I have an IT issue
What is open a ticket to IT via their website (https://homexmortgage.freshservice.com/support/home)?
This is where our “Potential” Customers should visit to review our current Product Matrices and Rates
What is the HomeXpress Mortgage Corp. website (www.homexmortgage.com)?
This Chapter of Bankruptcy allows businesses the opportunity to “reorganize” business debt obligations without having to liquidate all assets
What is Chapter 11?
These are the 4 acceptable sources of documentation for the Salary/Wage Earner
What are W2, 1040, Pay Stub, and VOE?
Do we lend to an individual with an ITIN?
What is No, we do not lend on ITIN?
I wasn't expecting an email from "Kyle Walker," but he emailed me asking me to review a CD by clicking the link in the email, I should...
What is not click the link and report the email to IT?
This is the email I should use when I have a question about marketing-related materials or Zoho
What is send a request to marketing@homexmortgage.com and not email a member of the Marketing Team individually?
Can a HomeX AE use the Broker's submitted Credit Report for a Jumbo loan?
What is no, the HomeX AE can refer to the Broker's submitted Credit Report to gauge the score, but we will run our own Credit Report as the final score.
This is the method for calculating part-time, second job, seasonal, contract, temporary, or unemployment wages
What is the average income from the past 2 years of W-2 or Tax Returns?
Do we accept a minimum equity requirement of $25,000 for CoreX Loans?
What is No? The minimum equity requirement is $50,000.
This is the resource I would search to find the most current Training Job Aids, Weekly Sales Calls, Guidelines, and other procedures
What is X-SITE?
This is what I should do when I want to send out a Marketing Flyer that is specific to my Market and/or Customers
What is send to Marketing for review and approval and do not post to Social Media first?
Any real estate loan more than ______ days delinquent will be considered "in foreclosure"
What is 120?
For an annuity to be considered as a source of income this many years of continuation would be required
What is 3 years?
Do we lend on a home converted into a bed and breakfast?
What is No? HomeX does not lend on mixed-use properties.
This is the first thing I do in the Zoho CRM before submitting a Broker Package Application
What is create a Prospect Card in Zoho with the Broker's Information?
This is what I should do when I am unable to attend an AE Weekly Training session
What is discuss w/your RSM, decline the meeting invite, & review the recording from X-Site on your own (Sales > Weekly Training Calls)?
This is how the credit score is assigned to a loan when 3 scores are supplied on the primary wage earner
What is use the middle of the three (3) scores? Ex: 610, 650, 670 – middle score is 650.
Name 2 types of Unacceptable Sources of income
What are:
• Contributions or support from family members
• Educational benefits
• Food stamps
• Illegal income
• One-time capital gains (continuing capital gains may be considered as acceptable source of income)
• Refund of federal, state or local income tax
Do we lend on a condo project where an entity owns > 20% of the total units?
What is No? The maximum number of total units in the project owned by the same entity or individual may not exceed 20%.
These are the core values of HomeX
What is CARES?
Competent in our business
Accountable to our customers
Reliable in delivering value to our partners
Empowered to get things done
Superior in our service