USB Portfolio
The adjustment caps on a 10/1 ARM?
What is 6/2/6?
What you should do on every closed file
What is "Mine the Gold in the file"
This Program requires 2 months of reserves for a SFR
What is HDF?
This is used to help ensure everyone involved with the file knows what's going on beyond the boxes on the 1003
What is Conversation Log?
"I want my 2 dollars"
What is Better off Dead?
The cashout limit for an investment property?
What is $250,000?
When you stop pursuing a business partner
What is "if you burn enough bridges you wind up alone on an island"
This program requires only $1000 minimum investment from the borrowers
What is Homebuyer Dream Program
An electronic filing system where all borrower documents for a loan are located.
What is eFolder?
"This is my house; I have to defend it"
What is Home Alone?
The loan amount when we require an appraisal and a field review?
What is $1.5 mm?
The key to being successful at work and life
What is "balance"?
This program allows for 97% financing with an unlimited CLTV
What is SONYMA?
Allows you to investigate the chronological listing of all disclosure packages that have gone out, if the customer has econsent, if a CD has been sent, and the earliest closing date allowed.
Disclosure Tracking
"No F*ckin Sh*t lady, does it sound like I'm trying to order a pizza?
What is Die Hard?
The number of months of reserves that are required for a DTI between 43.01 & 45% on a primary or 2nd home with a loan amount <= $850k
What is 8 months PITI?
two things we can control at all times
What are "effort and attitude"?
This program is only available to first generation buyers or buyers that currently live in a majority/minority area
What is Wealth Builder?
When a client wants to lock in after the file has been sent to processing the LO needs to (2 things)
email the processor set an alert
"Mistletoe can be deadly if you eat it; a kiss can be even dedlier if you mean it."
What is Batman Returns?
Who are the USB, the borrower and the title company?
procrastination
If you don't do it, it won't get done
You do not have to be a first-time homebuyer to qualify for these 97% financing programs
What are Homeready and Home Possible?
This must be checked before credit is ordered
What is box acknowledging credit authorization has been read.
"Now I have another reason to hate Christmas"
What is Gremlins?