Thinktank Financial

My scorecard with my wholesaler YOUR ANALYTICS SPEED June 2020 We want you to be the best you can be and are focused on helping your business succeed. So we’re beginning a new email series documenting key metrics over the past 90 days. Each week, we’ll focus on different trends and share tips to motivate you for maximum business success.... This week, we’re focusing on your speed, lock period and underwriting process, which all play into closing. Faster closings lead to more business and quicker paydays. CHECK OUT YOUR AVERAGE SUB-TO-CTC SPEED COMPARED TO UWM’S AVERAGE. YOUR SPEED IS FAST. Your Average CTC 10.0 days UWM Average CTC 12.2 days Close loans faster and more efficiently. Read on for some helpful tips. YOUR AVERAGE LOCK PERIOD IS: 15.0 DAYS YOUR AVERAGE LOCK TO WIRE IS: 24.0 DAYS TIP: Great job, your Average Lock Period and Average Lock to Wire closely match. Keep it up. PROBLEM UPLOADS The key to a fast loan is the initial upload. You’re uploading loans with an initial success rate of 100.0%. TIP: To avoid problem uploads be sure you check yes in the Rate Lock section of the loan estimate. It’s located at the top. CLEAN LOAN SUBMISSIONS ARE EVERYONE’S GOAL. HERE’S YOUR PERCENTAGE OF CLEAN SUBMISSIONS. 100.0% Number of Initial Conditions TIP: Keep your submissions moving. Use Smart Conditions and upload them as you go.

Steps to the Homebuying Process. Quick and simple

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If you want to know what is going with the Real Estate and Mortgage market, watch this video. These two guys have their finger on the pulse of the market.

https://www.uwm.com/inside-pass/

Great News!!! UWM the mortgage company I use the most has over 5000 employees and are very automated. They are having most of their employees telecommute so they will be open for business during this time of Corona. I am also working from home. So lets get it realtors and clients I am here for you.

Wow, that was quick. Congratulations Raymond Noble and Think Tank financial! The loan for Judi C was set up on March 4, 2020 and approved today. That's a one-day approval!

Economist Barry Habib breaks down the Corona Viris and the trend coming because of it. Listen yall.

Investors Loan Program NONI Non-Owner No Income (No Job, No Income or Reserves) & Now no TRID Regulations! A simple, innovative business purpose loan product available exclusively at theLender with a par rate as low as 5.25%. We’re here to help you add this incredible business line to your business. Non-owner 1-4 Units Investment loans... No Job/ No Borrower Income/ No DTI. No reserves required Par rate at 5.25% on a 5/1 ARM with a 680 FICO. No Pricing/Rate adds for units, cash-out , condo or IO 100% Gift funds allowed. AMAZING! Qualify off Rental Income. Qualify off Interest Only Payment. 30 year fixed, 5/1 and 5/1 IO FICOS as low as 620 1X30X12 housing allowed Vacant Subject Property allowed with a good LOE First Time Investors with no landlord history allowed No max # of loans to one borrower No Impounds Required Cash proceeds up to $2m Unlimited Financed properties allowed Rents must be >= the payment to NONI or <1 DSCR available too. Ask me! Most aggressive DSCR computation in industry---on an ARM qualify at start payment. On IO qualify on the IO payment. Most others use fully amortized payment NONI Stacker .25% hit to rate. o 82.5% LTV on a purchase & Rate/Term o 77.5% LTV on Cash out o Credit the 2.5% toward closing cost NO TRID rules No CD, No LE, No GFE, No TIL. And no waiting periods. No paper 1003 and no broker disclosures required to submit No LPC rules---ability to earn income front and back No TRID cures for undisclosed fees No Intent to Proceed so you can order your appraisal at any time. See more

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Do you want to SAVE $200/mo on your mortgage?? Raise your Credit Score!! Simple, I just added $2400 back to your annual income. You're Welcome. I love helping friends. On a $216,000 30-year, fixed-rate mortgage if your FICO score is 760 - 850 Your Rate is 3.36% Payment $953... 700 - 759 Your Rate is 3.58% Payment $980 680 - 699 Your Rate is 3.76% Payment $1,001 660 - 679 Your Rate is 3.97% Payment $1,028 640 - 659 Your Rate is 4.4% Payment $1,082 620 - 639 Your Rate is 4.95% Payment $1,153 Instant message me with info and I'll explain how you get your credit score raised

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