Hey justinroth1

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jcanepa

800 Posts

Posted - 05/01/2008 : 2:08:35 PM

You're a retail Rep at Wells Fargo. Who in retail is going to submit a deal Retail to Retail.

CoralSnake

11206 Posts

Posted - 05/01/2008 : 2:09:55 PM

huh?

jcanepa

800 Posts

Posted - 05/01/2008 : 2:11:26 PM

he keeps saying he can do deals BUT he works at Wells Retail.

lucky1s

3640 Posts

Posted - 05/01/2008 : 3:22:38 PM

I am so curious about this.

jvanpetten

2658 Posts

Posted - 05/01/2008 : 3:27:43 PM

What?

jcanepa

800 Posts

Posted - 05/01/2008 : 3:31:43 PM

quote:
Originally posted by justinroth1

email me the specifics. justin@justindroth.com i work with wells fargo home mortgage

Here's from another post.

jcanepa

800 Posts

Posted - 05/01/2008 : 3:33:38 PM

About 8 Scenarios he has replied saying he can do the deals BUT he's a Mortgage Agent at Wells Fargo Retail NOT WHOLESALE! Just looking out for other people.

jvanpetten

2658 Posts

Posted - 05/01/2008 : 3:34:44 PM

Good job, I see his web site now. Thanks!

katbunk

2368 Posts

Posted - 05/01/2008 : 3:36:27 PM

is this something that Countrywide and Wells Fargo trains their reps to do? It's happening more & more........can't get business the honest way?

CoolMtgGuy

4099 Posts

Posted - 05/01/2008 : 4:03:01 PM

quote:
Originally posted by Banker0679

can someone bring justin to this thread?

I like the idea since I lost one to BofA today ... but how do we get him here?

Any idea?

katroberts

1255 Posts

Posted - 05/01/2008 : 4:04:52 PM

How about just changing the topic to "Need Wells Fargo Retail Rep"? That should do it.

MortgageBoarder

4476 Posts

Posted - 05/01/2008 : 4:05:03 PM

Stop putting shame to my name Justin!! There are plenty of ways to get business, trying to portray yourself as an AE to STEAL deals is not one that will work here on BO.

MBG

260 Posts

Posted - 05/01/2008 : 4:06:43 PM

That's funny.......the use of retail so many times in one sentence.

I'll get ready when I get ready to get ready........

katroberts

1255 Posts

Posted - 05/01/2008 : 4:20:26 PM

quote:
Originally posted by Banker0679

Come not between the Nazgul and his prey!

quote:
Originally posted by katroberts

How about just changing the topic to "Need Wells Fargo Retail Rep"? That should do it.

Mind translating that for me? What does Nazgul mean?

lucky1s

3640 Posts

Posted - 05/01/2008 : 4:25:06 PM

He will be calling my dog shortly about a super jumbo loan.

justinroth1

37 Posts

Posted - 05/01/2008 : 4:30:08 PM

wow guys didnt think I was going to get grilled like that....didnt me to step on anybodys toes.... I wasn't posing as a A/E...just saying if you guys can't get them done I can.... That's all... Sorry everyone I used to be a broker that's why I jumped ship all the lenders ate pulling out of wholesale.. Once again sorry everyone!

jcanepa

800 Posts

Posted - 05/01/2008 : 4:50:16 PM

quote:
Originally posted by MBG

That's funny.......the use of retail so many times in one sentence.

I'll get ready when I get ready to get ready........

Are you Ready?

rdcurry

406 Posts

Posted - 05/01/2008 : 4:51:56 PM

Misrepresentation is not taken lightly on this site, you got to be up front with all your posts, profile, etc., you may have meant to misrepresent, but it does not appears you were entirely upfront with who you were. That tends

swmsn

4205 Posts

Posted - 05/01/2008 : 6:26:10 PM

quote:
Originally posted by Banker0679

he must be tried before the jedi council

quote:
Originally posted by CoolMtgGuy

quote:
Originally posted by Banker0679

can someone bring justin to this thread?

I like the idea since I lost one to BofA today ... but how do we get him here?

Any idea?

LOL! But he is strong in the dark side. Weary we must Be!

Xanthan Gum

1023 Posts

Posted - 05/22/2008 : 11:43:38 AM

How would a broker get paid on this?

mojojojo_1

863 Posts

Posted - 05/22/2008 : 11:49:17 AM

sounds like justin is saying, hand him the deal, and thats it. no monies paid... doesnt sound like the worst thing in the world

justinroth1

37 Posts

Posted - 05/22/2008 : 11:50:17 AM

Ahhh Mr. Canepa if you read i disclosed that i am a RETAIL REP not wholesale... Relax buddy.. If any one has anything they cant get done let me take a look at it.

ehm3

979 Posts

Posted - 05/22/2008 : 11:52:46 AM

I'm retail and can do the same thing, and I have offered it up a few times. But I've also been pretty clear that it would not involve any cobrokering, fee kickbacks, or any other funny biz. If you can't do the loan, and I can, and it benefits the client, then give me a call.

I'll give Justin the benefit of the doubt, I think he is just looking to pick up some stray deals that nobody can get done. But he hasn't been around as long as I have so he didn't realize that you need to be very forthright in posting, and include the fact that there should be no strings attached to the file.

justinroth1

37 Posts

Posted - 05/22/2008 : 12:02:24 PM

What he said!

michellec

151 Posts

Posted - 05/22/2008 : 12:11:56 PM

I think this is what brought this thread back to life:

http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=223403

justinroth1

37 Posts

Posted - 05/22/2008 : 12:14:24 PM

Big deal if no wholesale rep can get it done what is wrong with keep your customer happy and telling them that you can refer it to someone who can. I dont get this, we need to stop this bickering between brokers and lenders and all work together. Cant we all just get along? Now i know why i got of the broker world!

ehm3

979 Posts

Posted - 05/22/2008 : 12:17:39 PM

FWIW nobody has ever taken me up on the offer. But I am sure its because they found a way to get the deal done and help the client, not because I said I would not accept any cobrokering arrangements

Xanthan Gum

1023 Posts

Posted - 05/22/2008 : 12:51:30 PM

Justin,
Mr. Apfelbach has been alerted of your postings. He would like to see you in his office right away.

justinroth1

37 Posts

Posted - 05/22/2008 : 12:53:53 PM

There is nothing wrong with my postings.. If i can get a loand done for some one and keep a client happy what is wrong with that... im not co brokering im not paying anyone. Im a last resort.. Nice try.

justinroth1

37 Posts

Posted - 05/22/2008 : 12:54:29 PM

sfentress2

246 Posts

Posted - 05/22/2008 : 1:09:42 PM

if you are a broker why would you need to send a deal to wells for god sake. they can't do loans that you/we can't do. end of topic

EMScommercial

5141 Posts

Posted - 05/27/2008 : 1:50:44 PM

jedi council.... that's classic...

and i've been preaching this to anyone who'll listen about wells.... commercial....

I saw Wells mentioned and I have been spreading the word that Wells has good prices..... but they take a VERY VERY long time to make their decisions....

For example.... it will take a minimum of 26 days for their appraisal review.... (per my wells rep)

And to get a yes or no, you and your borrower will have to wait 45 - 60 days....

Another thing to remember about Wells Fargo commercial is:

On a refinance you are not protected to be paid your points by Wells! You have to go get them on your own!

On a purchase, they will review your broker contract to be sure it 'meets their standard' and that you are not 'gaining an unfair advantage' over the borrower. Translation, they are going to limit you as to how much you can make. This shouldn't be much of a problem unless you plan to charge more than 2 points broker fees.

Just a little insight.

They are, of course, a wonderful company, they just normally not the easiest to work with from a broker's point of view.

Have a nice day.

Captain Mortgage

1858 Posts

Posted - 05/27/2008 : 1:54:43 PM

I actually just turned a deal over to Wells Retail that I could not do as a broker. It's not all bad, and it kept one of my Realtors happy.

justinroth1

37 Posts

Posted - 05/27/2008 : 7:02:42 PM

Joel
that's what I'm talking about! If you ever need any help let me know! Also are turn times are great I close deals in 2-3 weeks not 60-90 days. That may be are wholesale side not our retail.thanks for the possitve input though chris! I can help keep clients happy just ask! Thanks every one!

velecico

4209 Posts

Posted - 05/28/2008 : 06:52:18 AM

Whats the big deal , you have BO posters doing BOTH retail and wholesale , working for two different companies and no one raises an eyebrow ? now this guy is committing some kind of big rip - off ?

Get real

velecico

4209 Posts

Posted - 05/28/2008 : 06:54:13 AM

A Wells commercial deal is going to be la creme de la creme , they go up to 500K , you really think you could charge more than $10K in fees anyway ?

EMScommercial

5141 Posts

Posted - 05/28/2008 : 06:54:54 AM

joel.... like i said above.... purchases... they are o.k..... (not great, but o.k.).... but not on refinances.... unless you feel like not getting paid for your work......

velecico

4209 Posts

Posted - 05/28/2008 : 07:04:33 AM

I am just curious how you can make over 3 pts on commercial , are you getting your price at PAR ? or even getting YSP , I recall Interbay use to give up to 2 pts YSP and one time , most of the stuff I see on BO seems like hard money , COSTING 2-3 pts , so to make 3 you have to go out at 5-6 pts , I just dont see that happening , why would they not just go into a public forum like this one and apply directly ?

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