Assumptions
3 different loan products we see in assumptions
Conventional, FHA, VA
His wife's name
Kaitlyn
Classic horror film features a serial killer famously known as "Ghostface"?
Scream
Founder of Rocket Mortgage
Dan Gilbert
A grandparent can assume a conventional loan from their grandchild's best friend.
F; conventional assumptions can occur through family only.
Minimum FICO for FHA second home
680
Nate's favorite pastime
Fishing
Only food that will never go bad
Honey
Year Rocket Mortgage was founded
1985
Cleopatra lived closer in time to the iPhone than to the pyramids
T; The Great Pyramid was built around 2560 BCE; Cleopatra lived around 30 BCE.
Steps in AMP to have CCS assigned on assumptions?
F9, 9, switch single voice to yes
Current sport he plays in (for fun)
Basketball
First billion dollar movie
Titanic
Rocket Mortgage CEO
Jay Bray
Sharks are older than trees
T; sharks appeared around 400 million years ago, trees around 385 million years ago
VA purchase SOE, who needs to sign which VA docs?
6382 (buyer)
6381 (seller)
10291 (seller)
1880 ( buyer and seller)
8106 (buyer)
Favorite adult beverage
Whiskey
Country that lies in two continents
Turkey
Year Rocket launched a completely online mortgage process
2015
We complete assumption transactions for clients in an ARM.
F; we do not complete assumption transactions for ARM's.
What docs are needed? Divorce payout due at or prior to close (conventional loan) LTV 87%
Due prior to or at closing, need notarized 0 balance letter and bank statement
Nate's daughter's birthday
May 23rd
Only planet in our solar system to rotate clockwise
Venus
Varun Krishna famously stated he wants the process of getting a mortgage to be as easy as buying a (blank)?
Candy Bar
Pablo Picasso died in late 1800's
F; 1973