Mortgage Broker Forums at Broker Outpost

LO Comp Rule 1 year later are you doing better or (by: SuperCoop)

Hello everyone, The LO comp rule has been in effect for a year now. Are you doing better or worse since the rule went into effect. Your thoughts... Thanks! - Last Post by: SuperCoop on 05/26/2012 @ 3:33 PM

CFPB proposing flat fee per loan 4 all originators (by: Pieman)

Anybody know any details about this? Just when we thought it was safe to go in the water... - Last Post by: Pieman on 05/26/2012 @ 3:23 PM

THE UNITED STATES OF ARABIA? (by: coopercash)

The fact that the New York Department of Education is permitting Nicky Kram,the Principal of Public Grade School PS368, to introduce MANDATORY Arabic language lessons is a fundamental abuse of tax payer dollars. Of course, "Mandatory" is somewhat offset by a statement that parents who object can "Opt Out". What is fundamentaly disturbing is that these lessons (three x 45-minute classes per week)can become propaganda tools inviting indoctrination of young and very impressionable minds. Parents who "Opt Out"...inevitably become names on a list of those who could be identified as being somehow anti-Islamists! Very few American parents can be satisfied with the educational "under-achievement" of most Public Schools whos curricula ingredients ignore TEACHING the very fundamentals that this Nation needs in order to compete in the global economy.. or to equip our children with the ability to be literate, numerate, and intellectually "balanced". Our Nation is already facing a critical shortage of "home grown" citizens with technological, scientific and advanced engineering skills because our Public Education system is negligent in teaching the fundamentals... on purpose? Whats next? Replacing Christian-Judao concepts with Islamic history and teachings? If The Department of Education in NY and individual Principals want to offer Arabic language lessons, even on a voluntary "Opt-In" basis let them first seek tax-payer consensus that this allocation of class-time has priority over science, economics, math or English! Which brings me to this observation... 15,000 Muslims, motivated by the Islamic Circle of America gathered in CT to "demand" U.S. judicial recognition and acceptance of Sharia Law. How many of you have even considered the potential impact of that acceptance on YOUR lives? How many of you would have any expectation of DEMANDING Muslim Countries to accept the principles of English law (the basis of U.S. laws)should you choose to live in one of those Countries? Sharia Law is fundamentally EVIL and CRUEL. Its disregard of women is FEUDAL! In the 1930s Adolf Hitler and his cronies spawned the National Socialist Party whose growth was fuelled by high unemployment and the frustration of Germanys population with an inept Government and the notion that their economic ills were FALSELY attributed to the Jews. Much of those same conditions currently exist in many European Countries... Greece, Spain, Portugal, Italy, France and Ireland. In Spain, 46% of the population is unemployed. Housing values have declined by 50% in the past four years. 14 of their Banks have been declared "rubbish" by Global economists. The Western European economy is being held togther by "duct-tape" .. its a "house of cards" that can be demolished with a sneeze in the wrong direction. High unemployment...lack of econonmic certainty...bankrupt Cities and Municipal jurisdictions are the fertile conditions where EXTREMISTS of both ends of the political and religious spectrum can foment violence and social dissent. Can it happen in the USA. By degrees, its already started and gathering momentum. Before Americans LOSE "America" and its founding principles for Heavens Sake WAKE UP! - Last Post by: coopercash on 05/26/2012 @ 3:21 PM

Small Business Loans (by: homebroker@sbcglobal.net)

50k Guaranteed provides small business credit, small business startup loans and financing for personal business up to $50,000.00 every day that helps growing any business without any effect of personal credit report of business debt.for more detail please visit us at 50kguaranteed.com ----------------------------------------- [url="http://www.50kguaranteed.com/"]Small Business Loans[/url] - Last Post by: homebroker@sbcglobal.net on 05/26/2012 @ 2:17 PM

No illegals in Missouri! (by: homebroker@sbcglobal.net)

Maobama goes after Arizona on this, but not Missouri, why is that? Missouri has no illegals. Why has Missouris approach to the problem of illegal immigration been more advanced, sophisticated, strict and effective than anything to date in Arizona? Answer: There are no illegals in Missouri to demonstrate. The "Show Me" state has once again shown us how it should be done. There needs to be more publicity and exposure regarding what Missouri has done. In 2007, Missouri placed on the ballot a proposed constitutional amendment designating English as the official language of Missouri. In November, 2008, nearly 90% voted in favor! Thus, English became the official language for ALL governmental activity in Missouri. No individual has the right to demand government services in a language OTHER than English. In 2008, a measure was passed that required the Missouri Highway Patrol and other law enforcement officials to verify the immigration status of any person arrested and inform federal authorities if the person is found to be in Missouri illegally. Missouri law enforcement officers receive specific training with respect to enforcement of federal immigration laws. In Missouri, illegal immigrants do NOT have access to taxpayers benefits such as food stamps and health care through Missouri HealthNET. In 2009, a measure was passed that ensures Missouris public institutions of higher education do NOT award financial aid to individuals who are illegally in the United States. In Missouri, all post-secondary institutions of higher education are required to annually certify to the Missouri Dept. of Higher Education that they have NOT knowingly awarded financial aid to students who are unlawfully present in the United States. So, while Arizona has made national news for its new law, it is important to remember Missouri has been far more proactive in addressing this horrific problem. Missouri has made it clear that illegal immigrants are NOT welcome in the state and they will certainly NOT receive public benefits at the expense of Missouri taxpayers. Taken from: "The Ozarks Sentinel" Editorial � Nita Jane Ayres, May 13, 2010. Just type in "The Ozarks Sentinel � Nita Jane Ayres" in Google. Be sure to read the reader comments too. - Last Post by: homebroker@sbcglobal.net on 05/26/2012 @ 2:16 PM

Raymond Mailer guy (by: homebroker@sbcglobal.net)

Leave your number here. I want to go over some mailer ideas. I did 30k pieces and got two loans. Ends up being profitable but the call back blows. Willing to try another mailer. - Last Post by: homebroker@sbcglobal.net on 05/26/2012 @ 2:13 PM

CMG Financials HARP 2.0 (by: homebroker@sbcglobal.net)

A loan originator friend told me that CMG Financial--the only lender in the universe that I could identify as executing HARP 2.0 exactly the way the program was written by Fannie and Freddie with no overlays--is already over its commitment capacity. Therefore, any new HARP 2.0 loan submitted to CMG is unlikely to fund. She said that because some HARP 2.0 applications will not be approved, CMG is still accepting HARP 2.0 submissions but that funding is unlikely. Has anyone else heard this about CMG? - Last Post by: homebroker@sbcglobal.net on 05/26/2012 @ 2:05 PM

CMG (by: KnowsBetter)

Is anyone getting CMG loans to docs? - Last Post by: KnowsBetter on 05/26/2012 @ 12:30 PM

The TRUTH about Mormonism (by: KnowsBetter)

Morman is NOT Christian. Youre freaked out about Obama MAYBE being a Muslim (which hes not) then read this. there are tons and tons of articles about the Mormon church and all the LIES. The Church of Jesus Christ of Latter-day Saints, commonly known as "The Mormon Church", began in 1830 with six members. It was based upon the Revelations of Joseph Smith Jr., who claimed to be a Prophet of God. He claimed to see God and Jesus in a vision in 1820 who told him all the Christian churches were "corrupt". He was later visited by the Angel Moroni, who showed him where to dig up a set of Gold Plates in a hill near his farm called "Cumorah". Joseph Smith did so, and, via the gift and power of God, translated the Gold Plates into The Book of Mormon; which Mormons believe is "another testament of Jesus Christ" along with the Bible. The Book of Mormon purports to be the "record of the Nephites" (nee-fights) in America. About 600 B.C. a Jewish Prophet named Lehi (lee-high) and his family, and an Arab family, build ships and travel to America. They soon divide into the Nephites and Lamanites (lay-man-ites). God curses the Lamanites with a "skin of darkness" so they do not intermarry with the Nephites. The Nephites are more civilized, but sometimes in the book the Lamanites become "more righteous" than the Nephites. They have many wars. Nephite prophets arise to warn the Nephites, and sometimes also the Lamanites, to repent of their sins, and beware of "secret combinations", secret oaths, etc. After Jesus is crucified in Jerusalem and ascends into a cloud over Jerusalem, He appears in a cloud in the sky to the Nephites, and descends among the Nephites in America and stays with them three days; organizing a church and preaching exactly what He preaches in the Gospel of Matthew chapter 18 (word for word). He then ascends back into the cloud on His way to visit the lost tribes. Things for well for a few hundred years between the Nephites and Lamanites, but, the Nephites get rich, which causes them to get prideful, which causes them to forget the things of God, and all hell brakes loose again. Nephite prophets arise to call the Nephites to repentence and to warn them of their destruction lest they repent. The Nephites reject these warnings, and because of the love of wealth, and pride, they are eventually destroyed in a final battle at the Hill Cumorah; where all Nephites (men, women, children, babies) apparently are exterminated by the Lamanites save only a dozen of so Nephite survivors; one being Moroni, the son of Mormon (who dies in battle). Before his death at the Battle of the Hill Cumorah, Mormon wrote an abridgement of the Record of the Nephites on gold plates. Moroni then finishes this Record, adding a very brief history of the Jaredites, and some other things about how to properly baptism, serve the Sacrament, etc., at the end of the work. Moroni then buries the gold plates in the Hill Cumorah; this being about 420 A.D. In 1826 A.D. Moroni, now as an Angel, reveals to Joseph Smith, a farm boy, where the gold plates are in the Hill Cumorah, and instructions for him to translate the plates into English. This is the Mormon Churchs explanation for The Book of Mormon. The Book of Mormon is published in English in 1929, the printing financed by Martin Harris, who mortgages (and later loses) his farm. "The Church of Christ" is then founded in 1830, with Joseph Smith as First Elder and Oliver Cowdery as Second Elder. The Church grows and changes names several times over the years. The Mormons move to Kirkland Ohio where a bank-venture by Joseph Smith and Sidney Rigdon fails, causing many people to leave the Church, including many leaders. Joseph and Sidney flee to Missouri to avoid arrest in Ohio for operating a bank without a charter. Mormons are persecuted in Missouri for inviting "Free People of Color" to join them in Missouri; which angers the slave-holding white Missourians. A war ensures. Joseph Smith is arrested but is rescued by his followers. His followers flee to Illinois where they build a large city, Nauvoo, from swamp-land. There Joseph Smith is charged with being a polygamist but he denies the charges. In 1844 William Law, the second-in-command of the Mormon Church, discovers that Joseph Smith is secretly a polygamist, while he publicly condemns polygamy. Highly offended, Law then seeks to take over the Church by discrediting Joseph Smith. He issues an newspaper exposing Joseph Smith as a polygamist. Smith orders the paper closed and destroyed. The governor of Illinois orders the arrest of Smith for destroying the newspaper, who tries to flee to Iowa, but eventually surrenders to and goes to Carthage Jail. There he is assassinated by a mob along with is brother Hyrum. After the death of Joseph several men try to take over the Church. Brigham Young wins the hearts of the majority of Mormons, who follow him to Utah, where the Mormons build cities and temples. Mormons believe that their Church is the "Only True Church" on the Earth. They believe that they can become Gods and Goddesses, creators of new planets, in the Afterlife, have "eternal marriages" with their husbands and wives, if they are "faithful" Mormons til the day of their deaths. A faithful Mormon must hold the priesthood (if a male), be morally clean, not smoke or drink, be "active" in the Church (attend all meetings), pay a full Tithing (10% of ones income before taxes plus other offerings in time and money), and obey Church leaders both general and local. He is also expected to be "sealed" in the Temple to his loved ones (so they can be together for all eternity), and be "Endowed"; which means he/she must go through the Endowment Ceremony, a Masonic-like ritual which Mormons must go through in order to learn the "signs and tokens" to give to seninel-angels. Mormons must show these sentinel angels these "signs and tokens" in order to reach the presence of God the Father after death to receive their "crowns of Exalation" (i.e. in order to become Gods and Goddesses). The ultimate goal of every Mormon male is to become a God; meaning to have one or more "eternal wives" to have innumerable spirit-children, and to create worlds for these children, and to rule over "servant-angels" who serve him and his Goddess wife or wives. Th ultimate goal of every Mormon female is to be eternally married to such a male; to become a Goddess and live in glorious palaces, ruling over ones own planet with their "Eternal Companion" (their husband who becomes a God). Mormons believe that if they are not "faithful" all of their lives (i.e. active in the Mormon Church and unquestionably obedience to Church leaders) they will become eunuch servant-angels in heaven for all eternity, serving Gods and Goddesses, but never seeing their own loved ones again. All Mormon males hold the "Priesthood" from the age of 12 onwards. All males are expected to spend two years on "missions" making converts before college or marriage. Some Mormon females also go on missions. Mormons are taught that their Church is the only true church, that Joseph Smith was a true Prophet of God, that the current President of the Church is their "Living Prophet" and that The Book of Mormon is a history of the ancestors of the American Indians. All true-believing Mormons have a "testimony" that things things are true, because they have prayed about these things and received a confirmation from Holy Ghost called a "burning in the bosom". The Mormon Church has about 13 million member worldwide, and about 60,000 full-time missionaries; mostly young men wearing dark suits and white shirts with ties, usually riding bikes and knocking on peoples front doors hoping to tell them about The Book of Mormon and the Church. The current President of the Church is Gordon B. Hinckley. He is called the "Living Prophet". Mormons believe he is the closest man to God on earth. - Last Post by: KnowsBetter on 05/26/2012 @ 12:27 PM

Vacations / Long Weekends in Refi Booms (by: velecico)

What do you do? Ive always had an issue with this. Seems like it is either too slow and I feel like I need to work or it is too busy and I need to work. I have a Weds-Sun trip planned in a few weeks and with the rates so low all I can think of is that Ill lose out on $xx,xxx if I go....even though Ill lose around $800 Ive already paid if I dont go...and I really want to go but am thinking Ill probably cancel. My wife always loves this predicament btw...well not really. - Last Post by: velecico on 05/26/2012 @ 12:24 PM

IS THIS COMMON? (by: mwfan55)

A Realtor just sent me over a bunch of paperwork from the buyers loan officer....my Realtor represents the seller, who is being asked to let the buyer occupy prior to closing. This is what was sent: A letter from the loan officer on "XXXXXFunding" letterhead, spelling out the terms of the approval.......interest rate, loan amount, stating there are no outstanding loan approval conditions. Only problem, the letter does not contain an NMLS ID and a quick search shows the loan officer left that company in 2008. Also attached, is a condition sheet from Summitt Funding, which lists the loan as "FHA Fixed (Specialty)." This is not a high balance loan. When I find the LO in the NMLS directory, it shows he works for Summitt Funding since 2008. This isnt an oversight with the stationary or a recent change. I pointed this out to the Realtor, who asked the LO and this was the reply:

quote:
I am technically an employee of Summit Funding as that is who writes my checks but our local branch operates as XXXXLending. We are Summit Funding, Inc doing business as XXXX Lending. We used to be an independent broker and switched to a coorespendent banker being a local branch of Summit Funding in July of 2008 but kept the name as that is what we are known as and didnt want to confuse people or lose repeat buisness. I have no letterhead for Summit Funding as we do everything local as XXXXLending.

So, is this okay in this day and age? His NMLS only appears in his email. Is that enough to for the agent to feel uncomfortable? Or should they just blow it off? - Last Post by: mwfan55 on 05/26/2012 @ 12:15 PM

DU cant verify subject prop address (by: canttakethepressure)

So no way can I get a PIW. I tried using the expanded zipcode. I also tried to call Fannie Mae direction to see if they could verify exactly how the address was entered in their system (longshot). They wouldnt give me that information. Suggestions? I dont want to order an appraisal because its on a 20 acre lot - comps will be a nightmare. 65% - 70% LTV. - Last Post by: canttakethepressure on 05/26/2012 @ 10:19 AM

Is 95% to $625,500 a hot product? (by: Mandyvilla)

Just found out MGIC will insure 680 credit score up to 625K with a 45 DTI on a fixed product (including a 5/1 ARM). Good, bad? Ive been selling against MI so long, I dont know nuthin about it any more. - Last Post by: Mandyvilla on 05/26/2012 @ 10:10 AM

Condo Question- Limited Info (by: jbartolotta)

20 units in a condo complex, of which 5 are owned by 1 invidual. Sounds like it wont fly fannie/freddie. In NJ. Any idea if any lenders would entertain? - Last Post by: jbartolotta on 05/26/2012 @ 07:09 AM

REAL LEADS! Verified, quality (by: zpaperkid)

I have been waiting for this for a long time now, and here it is! The HARP 2.0 program, and NEW FHA DEAL! Its the hottest thing in years![/size=3]b] My telemarketing program is perfect for the lone broker or small shop, and thats who I have successs with! And there is "pent up demend" for JUMBOS now, as many folks do not realize that the rates are so good!And REVERSE MORTGAGES are good, as so many folks have lost their retirement nest egg recently, and need cash! UPDATE--My recent client just got 3 apps going out of 15 leads!!And he still has not called back all the leads yet.My leads do lead to closed loans! If you want results, then: A) I Order good targeted credit data B) I use a good predictive dialer- C) Hire an experienced pro like myself, who knows loan programs D) Choose a program that will get results in your area As most of you know, REAL LEADS are not cheap! Free leads are just a come-on! If you want a sucessfull marketing campaign that lasts, give me a call! With my dialer, its like having 4 TMs call for you ,for the price of one! What I get are HONEST leads, where I have personally talked to folks and screened them and they want to talk to you! And, I speak AMERICAN! I just sell my time involved, you get all the leads. Exclusive to you, never resold! Ask about my guarantee program. For more info, call Bruce 530-274-1801 Please, no emails or resellers! [/b]Below are referals of past clients: "I can highly recommend Bruce, and his telemarketed leads. His leads are one of the primary reasons that I was able to "graduate" from being a loan officer to being an investor. Bruce first started telemarketing for me in 1998, and I have closed a lot of loans over the years from his leads. Now, I only work "quick turn" distressed real estate and non-performing loan leads, with the majority of my leads coming from Bruce. Anyone interested in using his service is welcome to call me, any time." Alan Eidson cell # (530)863-0274 "Bruce is an awesome telemarketer. I have known Bruce for about 10 years. Bruce gave me many valuable leads that closed. I can really vouch for the quality of his leads and his integrity. If you need more information feel free to contact me" at: Lynn at: 414-906-5352 Oakleaffunding. "Bruce gets honest, real leads, and has worked for me and my loan restructuring efforts for about two years now. I highly reccomend him." John Trice-706-255-3485 - Last Post by: zpaperkid on 05/26/2012 @ 07:04 AM

Is Romney a unicorn? (by: zpaperkid)
http://tpmmuckraker.talkingpointsmemo.com/2012/05/ken_bennett_birth_mitt_romney_obama_arizona.php Theres no proof that hes NOT a unicorn, so he must be. - Last Post by: zpaperkid on 05/26/2012 @ 06:30 AM

STOP Chasing Realtors & Get THEM to Call YOU!!! (by: datalyst)
Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]
Purchase Real Estate Agent databases SPECIFICALLY designed for E-Mail Marketing. [url="http://www.realestatedatalyst.net/readatabo.html"]CLICK HERE to view all PRICING and REA Database details[/url] We have the cleanest, most affordable and up to date Real Estate Agent E-Mail Address Data. Our databases are specifically designed for E-Mail Marketing and we ARE NOT a reseller like 99% of data vendors out there. We GUARANTEE that our databases contain: NO DUPLICATE DATA and NO BAD SYNTAX DATA We also have a 95% Hard Bounce Free Guarantee as well. Our data is simply priced by quantity: Less than 5,000 contacts = $79 5,000 - 20,000 contacts = $149 20,001 - 65,000 contacts - $229 Greater than 65,000 = $299 & above OUR GUARANTEE: Any HARD BOUNCES (code 550 - e-mail address does not exist) above 5% and you will receive a prorated refund for ANY bad address! WE ARE THAT CONFIDENT ABOUT OUR DATA INTEGRITY. Anything under 20% and we will process your refund with absolutely NO QUESTIONS ASKED!
Send e-mail campaigns to the Real Estate Agents in your state or ANYWHERE you are licensed. What you typically need: 1. A Website � This is where you send your REAs to so they can learn more about you and what you can do in todays market. This is where more than 90% of your recipients will contact you from. The e-mail messages alone are not enough. The site doesnt have to be extravagant, but it should be clean and professional. If you already have a website, then make a �landing page specifically for your REA marketing where you will send folks who click your links. 2. Two Website Domains � The first is where you host your website and the second is the �marketing domain you use in all your marketing materials and your �reply to e-mail address domain. Just �mask forward the marketing domain to your website domain. For example, if your website domain is BestCABroker.com, then use BestCABroker.net for your marketing domain. The �mask ensures that the marketing domain will stay in the browser and no one from your marketing will know about the .com address, thus protecting your main website domain from any possible complaints that may, though very rarely, happen. Simple protection for about $20 or less - per year. 3. Highly TARGETED E-Mail Addresses � This is the easy part because we have them for every state. They are highly targeted so if you are using a database for CA, you wont be sending to someone in FL. Our data is guaranteed, affordable and we are the source of the data. We are not a reseller of someone elses junk and we hold ourselves accountable for the integrity of our data. See our data pages: www.RealEstateDatalyst.com/readatabo.html www.RealEstateDatalyst.net/mblodatabo.html 4. A ROBUST E-Mail Program � Another easy part because we have hosted e-mail accounts from our servers that can be rented by the month without any contracts for sending bulk unsolicited mail. �Hosted means you have nothing to download or install on your computer. The software environment is managed (hosted) on our servers and all you need to do to access your account is simply login with your username and password. Unlike Constant Contact and the many, many others who require your campaigns to be solicited or �opt in, we actually specialize in unsolicited e-mail and in virtually any volume level you need form 10,000 - 10,000,000 per month. With our system any �spam button complaints come directly to us so they do not give you any problems. See our e-mail page: www.RealEstateDatalyst.com/bulkmailbo.html 5. An E-Mail Message � You can use any message you already have or you can create a new one with our program. If you already have a template you like, you can simply copy and paste the HTML code into our system and load up your graphics onto our server (or keep the graphics on yours � whichever YOU choose). We will be happy to help you get started in any way possible and can answer any question you may have not only with our system, but also about e-mail marketing, spam filters, subject lines, coding �click through links, hosting graphics, segmenting contact lists � and anything you ever wanted to know about e-mail marketing, but was afraid to ask. We have been doing this for years so we understand what happens when a message is routed through the myriad of servers from ours to your REAs desktop. Though, we have customers that use our system and our data for a great many things � our biggest customer base is LOs who solicit REAs for their loan business. Send an e-mail twice per week to all the REAs in your state because the more the better - VOLUME and REPETITION are the keys! If your state has 25,000 e-mail contacts then send to that list twice per week (50,000 per week) for a monthly total of 200,000 messages for ONLY $449 per month. Your e-mail has all your information and links that go directly to an exact page on your website that you want them to see. Here is what my customers say over and over - Play the numbers right and you may get a dozen or so serious phone calls a month (among the others). Cherry pick just 1 or 2 solid business relationships per month for about a year. You get about 1 deal per quarter per REA. If your commission per deal is only $2K that could be 40 - 80 EXTRA deals per year (on the low side) for $80K - $160K per year just from your REA connections. The math works every time... Contact me to get started - Last Post by: datalyst on 05/26/2012 @ 06:18 AM

National MB/LO E-Mail Database - GUARANTEED (by: datalyst)
Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]
95% E-Mail Address Hard Bounce Free Guarantee We are the ONLY business that will do ALL THREE services for you: 1. Sell e-mail address verified contact databases 2. Send your UNSOLICITED e-mail campaigns 3. Data mine websites for you We are the ONLY service who advertises SUPERIOR E-MAIL ADDRESS QUALITY because� We are the ONLY service that actually uses our own databases EVERYDAY You DESERVE BETTER than resellers � You DESERVE REAL DATA from the source [url="http://www.realestatedatalyst.net"]Real Estate Datalyst.com[/url]
YOU WILL ONLY FIND IT WITH DATALYST! NATIONAL MORTGAGE BROKER & LOAN ORIGINATOR DATABASE COMPLETE JAN 2012 EDITION 228,936 Active E-Mail Addresses Only $579 [url="http://www.realestatedatalyst.net/mblodatabo.html"]CLICK HERE to Get your MB-LO Database - Datalyst[/url] Hard Bounce Scrubbed and Verified National Mortgage Broker & Loan Originator Database 228,936 Active E-Mail Addresses Our National MB/LO Database is the most comprehensive, accurate and efficient internet marketing compilation specifically designed for E-Mail Campaigns. BUY with CONFIDENCE. Create business relationships in your own backyard or across state lines. Generate your own leads for purchase loans and refis. Create interest in the buying, selling & trading of lead data for all primary & secondary products/services including Credit Repair, Debt Settlement, Loan Mod, Mortgage Note Brokering and much, much more! DIRECTLY Recruit new candidates & seasoned professionals into your organization and DIRECTLY Market your services such as Lead supplier, Title, LO training, Notary, Net Branch Recruiting, Processing, Back-end service processing, SEO services, Website building and this list could go on and on. Why are we so confident in our data? Our marketing CLIENTS get DAILY results from using our TRUSTED data. We are so confident in our data it has three levels of GUARANTEES! NO duplicates - NO bad syntax addresses - FEWER than 5% Hard Bounces - SECURED by our Money Back Guarantee! You may have seen similar looking offers around the net for just such a marketing database. Why is OUR DATA different and why is it the source YOU should use? A Datalyst database is different because we are the data mining source of the information. We are not a reseller or an affiliate reseller of someone elses old, unfiltered and unreliable data. We are the source � the GUARANTEED source. We always offer our �95% E-Mail Address Hard Bounce Free Guarantee[/u] on all of our data. YOU WILL NOT FIND A BETTER E-MAIL DATABASE ANYWHERE Contact me to get started - Last Post by: datalyst on 05/26/2012 @ 06:17 AM

Bulk E-MAIL Accounts-Send 10K - 10 Million Monthly (by: datalyst)
Often Imitated - Never Duplicated WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� [url="http://www.realestatedatalyst.net/indexbo.html"]Real Estate Datalyst.com[/url]
B2B Bulk E-mail Campaigns[url="http://www.realestatedatalyst.net/bulkmailbo.html"]CLICK HERE to Send an E-Mail Campaign - Datalyst[/url] We ARE different from the rest We are (as far as we know) the ONLY commercial business who will send your UNSOLICITED commercial messages and also give you the OPTION to purchase & download the actual contact databases that we send to. Also, our complete infrastructure is ONSHORE ONLY - we thought you might like that.
HERES HOW ITS DONE E-mail marketing is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective. You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum. That would be $1,500 just to get the same data that might have been sold to 50 other LOs the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider. Or you can GENERATE your own PRIVATE leads by doing the marketing yourself We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then SELL the rest (usually paying for their marketing costs by selling the "unwanted leads"). This works for all lead types: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc. E-mail marketing can consistantly work, but it is not for everybody. You cant be shy or afraid about what others may think. It is just business - make a plan and work it.
Every day we send: Plain Text - with 40 character hard carriage return format. The choice of serious plain text marketers�You know who you are! Text HTML - Full rich text formatted messages to your specification using Dreamweaver HTML - the preferred coding of most major mail servers today. Just forward your �ad copy to us and we do the rest. Click through links created in a snap! Graphic HTML - Nothing grabs a readers attention like great graphics! We can send your message with images and code all of the redirects. Just forward your "ad copy" and we can easily get your full image messages out in no time. Our current customers are having success with: Building REA relationships Creating their own exclusive leads Loans Loan Mod Credit Repair Short Sales Recruiting LOs Direct download/view website sales Subscription websites Loan rate guides E-books Powerpoint, video and other LO training materials Industry related spreadsheet & database programs Our Campaign setup: 1. Choose a database to send to - Select from our databases and target the prospects you really want. Some databases are quite large and that does not mean you have to send to the entire thing. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! 2. Choose how many messages you want to send - Please review our pricing details below and plan your campaigns. We find that customers who take the time to plan their campaigns can actually SPEND LESS than those who are blasting on a wing and a prayer. 3. Message review - We will completely review your ad for various reasons such as checking for good grammar, spelling, syntax, tone and its spam rating cross section. We will run your message through "spam rating filters" to help increase the chance of your message getting to your readers. We may offer suggestions on wording or symbol usage, possible changes to your message and help you to format your ad so it delivers the maximum punch during your campaign. 4. Your review and approval - We will send you an HTML copy of your message (or a link to your HTML copy - whichever works best for you) for your review and approval. You can still make changes at anytime, but when you give us the "go" command your message will be sent and we cannot get it back. Please double check everything before you tell us to hit the send button. We are never in a hurry with your campaigns, so you can take your time. 5. Make your campaign purchase- Once you give us the command to send, we will still need to process your payment before we hit the send button. This will give you time to plan your campaigns and choose the best sending strategies that will work for you. We accept all payments via Paypal and we will send you a special purchase link for your campaigns. Target the prospects you really want and select from our databases. Some databases are quite large but, that does not mean you have to send to the entire list. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! We find that most of our customers to date (small business marketing) are sending 50K - 250K twice per week until they see the numbers they want. Everybody has their own strategies and methods. Some customers use our service to simply increase direct sales at their websites. Others (MB/LO, loan mod, credit repair, etc.) use our sending resources to drive leads to their submit pages on their websites. Either way, we only charge to send the messages. We in no way charge commissions or lead fees. All sales and leads are the property of the customer only. That is just another reason why we are different from many other vendors out there. Our Campaign Must Haves: 1. Your subject line - Make it brief, catchy if you can and to the point - avoid "spammy" terms like "Buy Now", "Hurry", "Sale", "Big Discounts" & "spammy" symbols like $, &, *, !, etc. Spam filters dont like those. 2. A first & last name - This will be shown on the "from" line. It should be the senders real name (though we wont tell if it isnt). Avoid strange names as spam filters dont like those either. 3. A valid "reply to" e-mail address - This will also be shown on the "from" line. It will be subject to receiving auto responses (out of office, vacation, etc.) and the replies from your readers. It will also be subject to anyone who received your messages - so select it wisely. Many business folks dont like responding to non professional free domain addresses like gmail, hotmail, yahoo, etc. Put your best foot forward. 4. Your complete message - Include a one line title, if you like, in bold to get your readers attention. Tell them who you are so dont forget the name of your business. Keep your paragraphs to three short sentences at most - any more and you might lose the attention of your reader. Use bullets for multiple important points you want to get across. You should have some kind of a closing statement to wrap things up and include your business name again, if you like (take advantage and brand yourself). Lastly, dont be afraid to let them know who you are personally, if you like - include your name, mailing address, phone numbers (direct, cell, office, toll free, etc.), and your "reply to" e-mail address again for them to see in your message signature. Everybody sends different messages so dont be afraid to try something - swing for the fences! Remember, we do not charge extra for helping you put together a message, code your click through links or redirect graphics from your host server. We are not copy writers or graphic artists though, but if you have any questions at all - please feel free to ask. Also, we recommend the use of shadow domains when you reference to or have links to websites as well as your e-mail address domains. We want to help protect your business assets. The net can sometimes be a pretty strange place to navigate, so think like a boxer - protect yourself at all times. Yet, another reason why we are different from many other vendors out there. Protection for YOU and YOUR Business Domains We have campaign programs specifically designed to protect your business domains from being blocked, redlisted or blacklisted. We send your messages from our commercial bulk sending platform. We send from multiple Class "A" IPs and multiple domains. This will protect you from any spam complaints because they will simply be directed to our server � not directed to you. We have entered into agreements with the mail server community and are required to follow the multi feedback loop procedures. We jump through the hoops so you dont have to! We handle spam complaints from our commercial bulk sender platform. When you follow our recommended protocols you will not have to defend yourself against spam complaints from mail server administrators against your business domains. Contact me to get started - Last Post by: datalyst on 05/26/2012 @ 06:16 AM

"SUPERSIZED JUMBOS" $5mil - $20mil (by: coopercash)
When it comes to meeting the needs of clients whos six and even seven figure annual incomes places them in a category requiring home and "estate" financing in the range $5-million up to $20-million there is little point in referring to the "Scotsman" Guide! Some of you have successful expertise in the Jumbo lending area, typically involving transactions between $700,000 up to around $3-million. What to do when you have the opportunity to work with a corporate VIP, a highly successful entrepreneur, or a high earning "celebrity" or pro-sports star who is intent on buying or building a palatial home that will cost between $5-million up to $20-million? The solution to these challenges will not be found through traditional mortgage lenders. A succesful outcome is more likely to result from the introduction of that client and their financial advisors to a "White Glove" private banking facility. As a referring party, your fee-share interest (assuming a successful outcome) will be protected and disbursed at closing. However, because this is truly PRIVATE banking, referring parties will be "hands off". Under no circumstances will I be replying to responses posted on this Announcement. If you have interest I invite you to email me at: coopercash@earthlink.net - Last Post by: coopercash on 05/26/2012 @ 05:08 AM

COMMERCIAL LENDING - PANNING FOR GOLD! (by: coopercash)
Since 2007 we have all lived through the near collapse of the financial markets. 2011 saw a very slow return of debt and equity capital and the uptrend cautiously positive for 2012 FOR DEALS THAT MAKE ABSOLUTE SENSE. In very general terms, do not expect commercial and bank lenders return to 85% or greater LTVs on any type of deal whether it be new construction, purchase financing or re-financing. Todays paradigm: 55%-70% Loan to Cost on new developments excluding residential units/houses for sale unless the product is designated "affordable for community benefit" or multi-family units for rent; 65%-75% LTV on purchase/refis. Caveat being that the lender will insist on ordering their own MAI appraisal and possibly a feasibility study and the resulting value on whih loan ratios will be based may not meet clients equity ability. Refis still present an enormous challenge because the enormous decline in property and land values, anywhere from 20% - 45% in the past four years, means that the refi balance is marginally below todays value at best or in most cases 10% - 25% ABOVE todays value. This is especially true in the hotel and retail strip sector. Most new hotels and retail strip builts over the past 5-years with 3-4 year construction-to-mini-perms are in BIG trouble... they HAVE to refinance and the MAI Appraisals are coming in with values that are equal to or even less than the construction to build = NO EQUITY MARGIN! Retail centers are faced with a "double whammy" because today, tenants are forcing rent re-sets to meet current lower rates per sq.ft and many retail chains are closing marginally profitable stores in order to remain viable as they re-structure operations. However, in general the hotel sector in the USA, and in most major global centrers, has seen a progressive turnaround for the better over the past 18-months. Based on November 2011 data released by Smith Travel research, average room rate in the U.S. is just over $100 (up 6% from a year ago); Average occupancy pegging close to 68% and average revenue per available room is close to $70. A strong hotel project or a performing hotel should be able to attract lender support. Small balance commercial loans, with or without real estate collateral, have become the almost exclusive domain of SBA and USDA Guaranteed Lenders. However, borrowers are required to undergo a fairly "intrusive" prequalification process and, if the subject business lacks any any significant real estate collateral then the borrower must be prepared to provide their primary home or other acceptable and owned RE as collateral. Funding opportunities FOR THE RIGHT QUALITY OF DEAL are to be found through commercial lenders who are backed by private investment capital and from those sources that are tied into Hedge Funds. On that note, the client will need 30%-35% in direct capital participation and land that is already owned will be heavily discounted for lender valuation purposes and maybe 10%-20% of that discounted value will be allowed as an offset to the clients cash down contribution. Numerous clients who are unable to meet the increased % cash-to-table guidelines may be candidate for non-traditional/alternative methods of financing if they are unable to secure equity investors to cover the "gap". Some clients are now raising additional equity via a loan secured by their stock portfolios. Those loans can be for as a short a period as 60-days or 1-2 years at rates of between 5.75% and 8.50%. The past 2-years has seen an increase in the number of complex high leverage funding offers tied to some type of Bank Guarantee or SBLC. TREAD CAREFULLY! I can tell you from experience that many of these "Up to 100%" funding programs are based on sheer fantasy which wind up causing grief to the client and to referring brokers and consultants. Certain types of new development projects may qualify for Tax Exempt or Taxable Bond Financing which can cover up to 95% of project cost. Additional information is provided in my Announcement headed "Developer and A & D Financing". As far as the more conventional commercial loan sources are concerned, only the best "quality" deals will be approved and commercial brokers would do well to take time to really evaluate the opportunities they are presented with BEFORE submitting to a lender. Do not provide your client, whether seeking to finance a purchase, obtain a refi or secure a commercial construction loan with an unrealistic "opinion" with regard to % LTV or % LTC... rates or points until you know the FACTS. Today, "He who has the gold REALLY DOES R-U-L-E" as never before. Also, many clients still believe that an existing appraisal conducted in 2010 or early 2011 will be accepted by a lender. WRONG! Most lenders want a current MAI Certified appraisal and, at best, MAY agree to having a 3-month old appraisal re-certified by the originating appraiser IF that Company is on their approved list. In most metro markets, values established prior to 2007 will have fallen by between 20%-40%. Commercial income producing properties (office and retail) are mostly reflecting 10%-25% vacancy factors which of course means that ability to achieve the debt to income ratios required by lenders is impacted. "I am looking for a non-recourse loan!" Forget it. 99% of commercial lenders will be requiring personal guarantors on their loans. "I want bank terms on my loan!" Forget it. Educate your client about todays realities which means Prime plus 3+ on EXCELLENT deals and 2+ lender points. "I wont pay any front fees!" Forget it. 99% of commercial lenders will require a "commitment fee" of between 0.15% and 0.35% payable when the client accepts the LOI. In addition, most lenders will insist on a physical visit to the project site or the property at clients cost. "I need 90% LTV!" Forget it. 60% - 70% LTV is the new reality. On construction-to-mini perms think in terms of 60%-70% of cost. Maybe the possibility of a 5% "equity / mez" kicker which will cost the client around 18% + 4-5 Pts. Maybe the project would qualify for 95% Bond Financing...maybe! Success in commercial lending can be boiled down to three essential components: 1)A viable client; 2) A viable project or collateral; 3)As a broker/lo you need to have "control" over your client. VIABLE CLIENT: In todays environment your clients personal credit history and ***et strength are vitally important. While a sub 600 mid FICO is not necessarily a major problem, a lack of cash liquidity and reserves is a deal killer. In most cases, commercial lenders will be limiting their exposure to somewhere between 60% and 65% of project cost (if new construction or a development)and up to 70% LTV if a purchase or a refi. VIABLE PROJECT/COLLATERAL: In the present economy ALL new "ground-up" projects whether a residential subdivision/master planned community, mixed use, commercial, retail, hospitality or resorts will be subject to intensive due diligence and investment managers will be looking for a very solid Exit Strategy that is based on REALITY. The prospects for lender support for sub-division and master planned community projects in 2012 will remain bleak until such time as the stringent home buyer mortgage lending guidelines are relaxed and certainly until consumers can regain sure-footed confidence that their jobs/incomes are not at immediate risk. In addition, most markets have an over-supply of homes that need to be absorbed in order to represent no more than a 90-day inventory. An exception may be made for truly AFFORDABLE HOUSING where a rapid sales absorbtion can be INDEPENDENTLY confirmed. Once considered a "prime" sector... Active Senior LifeStyle Communities (other than Assisted Living and Long Term Care Facilities). The demand potential is there but a growing number of folks are unable to participate because they are unable to sell their present homes or are reconsidering their finances in the wake of major losses in the value of their stocks or 401K investments. A number of higher end Retirement Communities and Assisted Living Facilities are now offering to assist prospective residents in an effort to sell their existing home. Those efforts range from providing money to enhance the appeal of the house or even buying the homde from their new resident and then renting it out until they can find a buyer. Multi-family projects in certain markets (new development, purchase or refi of existing property) are evidencing strength given the fact that many victims of foreclosure will be seeking rental accommodation... in addition, to those folks who, 18+ months ago, would have been candidate for a sub-prime mortgage, are now resigning themselves to continue as renters unless they can qualify for a FHA, VA, USDA or State Community Housing Finance Program. ENERGY related projects that make sense are also of interest provided that the fundamentals are solid and not based on "wishful thinking". In addition, clients need to understand that projects requiring DEBT financing must be backed by at least 25%-30% cash invested by client. Bond Financing at up to 95% of project cost could be an option here if the project meets stringent guidelines. CONTROL OVER YOUR CLIENT: Without securing a commited relationship with your client your chances of achieving a successfully closed loan are dramatically reduced. YOU are the professional and you must be able to inspire and convince your client that YOU can secure their financing... ***uming of course that the client and their project is viable. You need to secure a FEE AGREEMENT with your client BEFORE you start the search for funding. Your Fee needs to be reasonable because you will be seeking cooperation from the lender/investor in making your Fee Agreement a part of closing conditions. Believe me, if the lender is charging 1 - 3 Points you will NOT be able to charge your client 3, 4, or 5+ Pts and expect the lender to go along with that arrangement. In many cases you will need to accept 0.25% - 1.25%. If your most appropriate source of financing is an Investment Bank, a Hedge Funder or a Hard Money Lender you will need to EDUCATE your client with regard to the need for them to pay DUE DILIGENCE fees to the investor. Normal course of events is that if the investor expresses interest in the opportunity a conference call with the client will go in depth on the project. The investor may well be prepared to issue a provisional Term Sheet and a conditional L o I following that conference call. The L o I is 48-hours time-sensitive and requires that the client sign and return along with wiring their Due Diligence Fee. Those Due Diligence fees cover the investors costs for appraisal (or appraisal review), environmental and geologic reports, Title research, and in most cases travel costs because the investor will want to physically "kick the tires" and meet the client. Due Diligence fees are NOT refundable to client if the investor declines the loan as a result of negative discoveries. In some cases the deal may be "saved" if the client agrees to changed loan terms. HARD MONEY APPRAISED VALUES: While HMLs will advertise lending "Up to 70% LTV" it is absolutely essential that you explain to your client that does NOT mean actual appraised fair market value! The appraisal will be "adjusted" by the HML underwriter to a price that the lender believes a buyer could be found within 90-120 days if the loan goes into foreclosure. The HML will then base their loan on a percentage of that REDUCED value. Example: Property appraises at $1-million. "90-120 day" sales price 20% LESS = $800,000. 65% LTV = loan amount of $520,000. I am available to review your deals and I will give you some insights as to which of our investors would have interest. If the client and the deal make sense, we will likely be able to refer you to a source that can get it done! If you have questions or want to discuss a possible deal please email me directly at coopercash@earthlink.net PLEASE DO NOT POST QUESTIONS HERE AND PLEASE DO NOT "PIGGY BACK" THIS ANNOUNCEMENT WITH YOUR OWN PROMOTIONAL INFO! If you have a Program you want to communicate to B/O Members please make the effort to post your own Announcement. - Last Post by: coopercash on 05/26/2012 @ 05:06 AM

BUSINESS DEVELOPMENT & EXPANSION FUNDING (by: coopercash)
Aside from the contraction in asset based commercial lending, the problems facing entrepreneurs and business owners seeking to raise capital are further compounded in many cases by a lack of underlaying real estate collateral. More than few business owners go out on a search for equity investors or venture capital and that can be a very lengthy and frustrating challenge if they lack professional contacts or the creativity to look for the "golden needle in the haystack". We have direct access to three sources of financing willing to addresses the needs of advanced stage R&D businesses that are literally at the point of commercializing their "widget" and who have a promising order book; similarly, for businesses that are 2-3 years into revenue producing profit but expansion requires some significant capital expenditure; maybe its an opportunity for an experienced management team to acquire the business they are currently working for. The starting point is a market and a business plan that makes absolute and undeniable sense. Businesses in the above categories who require at least $2-million or more are primary candidates. Financing may be structured as debt or debt/equity. We do NOT have any sources of financing for "napkin-stage" ideas which require feasability funding. That is the "turf" of Angel Investors...folks with the ability to invest anywhere from $150,000 up to maybe $2-million in anticipation that their gamble will return a major profit. Other Programs offering potential solutions include Purchase Order Financing and Invoice Factoring and commercial lease financing for capital equipment. What about a financing for a franchise business opportunity? Yes, but ONLY if the franchisor is acceptable and the operating owner/franchisee can demonstrate adequate financial and credit strength. First step would be to consider a SBA Loan. If you have a client seeking business-only financing please email me a BRIEF Executive Summary of not more than 6-pages at: coopercash@earthlink.net PLEASE DO NOT POST "WHAT IFS" OR SCENARIOS HERE BECAUSE THEY WILL NOT BE RESPONDED TO. - Last Post by: coopercash on 05/26/2012 @ 05:03 AM

Small Business Financing (by: 50kguaranteed)
50kGuaranteed, Deaus Financials vast amount of experience and depth knowledge helps peoples to free from personal credit report of business dept and moving it to their business names where it belongs. for more detail please visit us. ------------------------------------ [url="http://www.50kguaranteed.com/"]Small Business Financing[/url] - Last Post by: 50kguaranteed on 05/26/2012 @ 02:45 AM

Obama bribed Wright with $150K (by: themortgagexpert)
Dont hear too much about this in the mainstream, Rev Wright claiming Obama tried to bribe him with $150,000 and they have Wright on tape making this claim. Maybe Im missing something, but if Obamas friend Eric Whitaker offered Rev. Wright $150,000 to stay silent for the duration of the campaign, how exactly is that any different from John Edwards friend Fred Baron giving Rielle Hunter money to stay out of the limelight for the duration of that campaign? http://tinyurl.com/7m5pdqk - Last Post by: themortgagexpert on 05/25/2012 @ 10:42 PM

need first time homebuyer loan california (by: peter)
620 fico score 90 LTV sfr no proof of income because was workers comp for 3 years 100,000 o/o primary residence FHA Loan - Last Post by: peter on 05/25/2012 @ 10:34 PM

LUTHER BURBANK DOES NOT PAY YOUR FEES DUE (by: peter)
New wholesaler with the backing of an FDIC bank. Service is really good, underwrite is good. Unfortunately, They have lost me as a customer as they did not pay me for an appraisal that I clearly indicated DUE on the doc order (I prepaid for my client). After requesting the funds from LB after COE, I was told "no". No way to do business. If you choose to do business with them, watch for your fees as they do not hold themselves responsible for their own errors. - Last Post by: peter on 05/25/2012 @ 8:32 PM

I am now a refi only shop (by: peter)
Ive been reviewing my loans of the last year and it is obvious that I spend twice as much time on purchases as I do on refis...not to mention 100% more pressure and frustration. Pressure from agents, etc. Is it possible to make a good living and just focus on refis? Im certainly going to try. (if rates shoot sky high Ill probably have to eat my bravado) Is this your experience as well? - Last Post by: peter on 05/25/2012 @ 7:58 PM

FHA ,is 560 the standard cut off these days? (by: peter)
FHA ,is 560 the standard cut off these days? Or are there good priced lenders accepting lower FICOS? - Last Post by: peter on 05/25/2012 @ 7:41 PM

Commerce Bank Group, LLC (by: WCB3363)
Has anyone done business with this group? wcb8692@gmail.com - Last Post by: WCB3363 on 05/25/2012 @ 7:20 PM

Commercial Bank Group, LLC (by: WCB3363)
Has anyone ever done business with this company? wcb8692@gmail.com - Last Post by: WCB3363 on 05/25/2012 @ 7:14 PM