| Author |
Previous Topic | Next Topic |
|
neversaynever
1044 Posts |
 Posted - 03/27/2008 : 11:06:12 PM
|
My Fells Wargo rep has been trying to get our business for months, but we really have found little need for them, until now.
He is telling me they opened a new FHA UW center in Chicago, dedicated to high volume brokers with clean files. In return, they are guarantying 1-2 day underwrites on all FHA loans. This sounds very enticing to me, but our rep is a little squirrley, so I wanted to see if anyone else has signed on to this? What is your experience? |
|
KHufford
6019 Posts |
Posted - 03/27/2008 : 11:10:08 PM
|
Yep they are great, I send all my 480 fico 12x30 late clients to them....BOOM! Money in DA BANK homie.
|
|
|
neversaynever
1044 Posts |
Posted - 03/27/2008 : 11:11:56 PM
|
| only the streamlines, Wells has the nasty hits for Sub 580 borrowers, and my rep says coming next month they wont lend to sub 580 borrowers on FHA. That's just classic, |
|
|
Quicksilver
4649 Posts |
Posted - 03/27/2008 : 11:15:12 PM
|
| They also apparently don't allow grossed up benefit income on FHA courtesy of the moron u/w I had and higher up mngr I spoke to. |
|
|
neversaynever
1044 Posts |
Posted - 03/28/2008 : 12:15:23 PM
|
| Anyone? |
|
|
CindyJo440
122 Posts |
Posted - 03/28/2008 : 12:58:18 PM
|
| Our rep has signed us up for this, but we can not begin sending anything to Chicago until next month. |
|
|
www.johnreiher.c
506 Posts |
Posted - 03/28/2008 : 1:16:00 PM
|
I can do FHA down to 530 score. I also have FHA JUMBO, with very comeptitive rates. click below for rates/states.
www.johnreiher.com
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
