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blainoj
59 Posts |
 Posted - 05/21/2008 : 9:47:25 PM
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| They claim to specialize in Super Jumbo. Thanks. |
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nancy.mortgage
122 Posts |
Posted - 05/22/2008 : 06:07:58 AM
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| yes, I just joined as an Account Executive. Can I help you with something? |
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blainoj
59 Posts |
Posted - 05/22/2008 : 07:43:51 AM
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Nancy, please call me. I have a scenario to go over with you. Thanks
Blaine
916-765-5286 |
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jfink46
321 Posts |
Posted - 05/22/2008 : 08:33:34 AM
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| Nancy - Are you lending in Nevada? |
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nancy.mortgage
122 Posts |
Posted - 05/22/2008 : 2:12:16 PM
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| Yes we are! |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 2:13:55 PM
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Are you CU guys actually doing stated deals?
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STIFFLER
106 Posts |
Posted - 06/30/2008 : 2:21:57 PM
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| Rocy...did you just cock block Nancy? |
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 2:22:32 PM
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| yes, with 40% liquid assets in reserves and 720 scores. |
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 2:23:46 PM
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| Stiffler , I don't know what that means, but it made me smile! |
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blainoj
59 Posts |
Posted - 06/30/2008 : 2:26:16 PM
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| yeah, but when i talke dto them they wanted to see 1040's and tax returns. "They want to make sure he has an income source". Too much room for error with a ton or write offs. |
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 2:29:14 PM
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| True, we do want to look at tax returns . But I haven't had it kill a deal yet. We also do an alt doc off bank statements with 12 months reserves. |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 2:49:46 PM
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quote:
Originally posted by nancy.mortgage
True, we do want to look at tax returns . But I haven't had it kill a deal yet. We also do an alt doc off bank statements with 12 months reserves.
Can you do a stated deal WITHOUT tax returns? That would make the most sense...or do you still actually need them? In which case, its not really stated..
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jfink46
321 Posts |
Posted - 06/30/2008 : 2:54:49 PM
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| Kyle - I believe they look at the returns to see that there is income and verify the job history. According to Nancy, they do not do a ratio calculation, they are looking for the 40% assets. |
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BigFire
2962 Posts |
Posted - 06/30/2008 : 3:02:28 PM
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| we are doing jumbo quick qualifier - no neg, I/O, 15, 30 - call to discuss, thanks, jay 310.498.2332. |
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jfink46
321 Posts |
Posted - 06/30/2008 : 3:04:59 PM
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| Define "quick qualifier" |
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dkendall1979
11120 Posts |
Posted - 06/30/2008 : 3:05:30 PM
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My only concern is anyone touting they're doing $3M and over loans as the "lender".
I don't know of any line providers that would even sign off on this and I'm sure CU Lending partners isn't a portfolio lender.
Why not just be 100% honest and say you're a broker? It's never detracted anyone from sending me a file. |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 3:08:48 PM
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quote:
Originally posted by dkendall1979
My only concern is anyone touting they're doing $3M and over loans as the "lender".
I don't know of any line providers that would even sign off on this and I'm sure CU Lending partners isn't a portfolio lender.
Why not just be 100% honest and say you're a broker? It's never detracted anyone from sending me a file.
Thats what I was thinking...Nancy, please clarify.
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BigFire
2962 Posts |
Posted - 06/30/2008 : 3:23:49 PM
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| QQ = vod, voe, etc. |
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 3:28:19 PM
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Guys, I come from a different world, one with rate sheets, and guidelines, and securitizations, working for the same lender for 10 years. Our website says lender, and I am told we are a lender so until I know any differently, I'm sticking to it |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 3:38:45 PM
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quote:
Originally posted by nancy.mortgage
Guys, I come from a different world, one with rate sheets, and guidelines, and securitizations, working for the same lender for 10 years. Our website says lender, and I am told we are a lender so until I know any differently, I'm sticking to it
Hey Nancy, thanks for replying to my emails also. However, not to give you the 3rd degree (my specialty) but I remember a few months ago, we were asking about your YAHOO email, you stated something along the lines that you were new and IT had not set your email up yet...am I not correct here?
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dkny
212 Posts |
Posted - 06/30/2008 : 4:09:08 PM
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Does anybody from the Broker Outpost have a loan or closed any loans with CU Lending?
If yes, please share your experience.
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 4:19:22 PM
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| you're correct, I was told it would be set up already....it doesn't bother me,so I haven't pushed it and the cu address really does exist. |
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 4:20:44 PM
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| dkny, there was a recent post going on grapevine with posts of closings |
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dkendall1979
11120 Posts |
Posted - 06/30/2008 : 4:22:28 PM
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Did I read the above statement incorrectly or did you say you've been there for 10yrs?
quote:
Originally posted by nancy.mortgage
you're correct, I was told it would be set up already....it doesn't bother me,so I haven't pushed it and the cu address really does exist.
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KHufford
6517 Posts |
Posted - 06/30/2008 : 4:26:41 PM
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quote:
Originally posted by dkendall1979
Did I read the above statement incorrectly or did you say you've been there for 10yrs?
quote:
Originally posted by nancy.mortgage
you're correct, I was told it would be set up already....it doesn't bother me,so I haven't pushed it and the cu address really does exist.
Thats what I was alluding to...she said 10 years, but just reiterated she was in fact new...I find it hrd to believe the IT email thing, it takes 2 seconds and anyone bring in business and representing their company I would think would have a fit if someone was not using corporate email..
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 4:32:50 PM
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| Kyle, come on, enough with the email. It's a small company and we're getting bombarded with loans so getting me set up is a low priority for all concerned. I was with Delta funding for 10 years as I've previously posted, and meant all this is a different world. I come from a large company with a whole different way of doing things. |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 4:33:26 PM
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quote:
Originally posted by nancy.mortgage
Guys, I come from a different world, one with rate sheets, and guidelines, and securitizations, working for the same lender for 10 years. Our website says lender, and I am told we are a lender so until I know any differently, I'm sticking to it
You guys are very misleading, you are NOT a 'direct lender' you guys are packaging these up for a hedge fund. Which is fine, but you should know that and exlain that.
Also, every person I have now spoken with says basically this:
They sent a file over
Was working with your VP
Never heard back
Never got calls back
Never got emails returned
Called and told they would call the broker back, only to not get a call back
No answers
Just what I have heard has been all the same storys..
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KHufford
6517 Posts |
Posted - 06/30/2008 : 4:34:57 PM
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quote:
Originally posted by nancy.mortgage
Kyle, come on, enough with the email. It's a small company and we're getting bombarded with loans so getting me set up is a low priority for all concerned. I was with Delta funding for 10 years as I've previously posted, and meant all this is a different world. I come from a large company with a whole different way of doing things.
Thats simply unnacceptable, if you guys cant take 3 seconds to set up an email address how do you expect people to take your business and work seriously? Thats a poor excuse, come on..
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 4:49:51 PM
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| Kyle, I'm really disappointed that you used this thread as an opportunity to attack. I have clients that have discussed you and your way of doing business with me yet IMHO it's inappropriate to spread hearsay on a public forum. Our website is culendingpartnersinc.com |
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blainoj
59 Posts |
Posted - 06/30/2008 : 4:52:45 PM
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| Now that we have all the bad blood out in the open, WHO CAN REALLY DO STATED SUPER JUMBO and get it closed without an 8% rate? Which I think is what everyone is wanting to know. |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 4:54:27 PM
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quote:
Originally posted by nancy.mortgage
Kyle, I'm really disappointed that you used this thread as an opportunity to attack. I have clients that have discussed you and your way of doing business with me yet IMHO it's inappropriate to spread hearsay on a public forum. Our website is culendingpartnersinc.com
The OP is asking about your company, we have the right to report what we know...I just posted what people have told me. I didnt attck you, but you should be able to answer the questions...I have pointed out for you that you are NOT a direct investor/lender. I have pointed out your email and company issues. You can respond or wilt at your own doing..
You were very nice in emailing me, so I dont have a personal issue here. But I feel that I should point out those issues for people..
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nancy.mortgage
122 Posts |
Posted - 06/30/2008 : 5:00:05 PM
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| Kyle, it's self serving. You've brought up the email thing before, and I didn't wilt. You don't have any direct experience with us, so it's hearsay. If someone who DOES have direct experience wants to post, that information is a lot more valuable than your second hand info. |
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KHufford
6517 Posts |
Posted - 06/30/2008 : 9:43:52 PM
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quote:
Originally posted by nancy.mortgage
Kyle, it's self serving. You've brought up the email thing before, and I didn't wilt. You don't have any direct experience with us, so it's hearsay. If someone who DOES have direct experience wants to post, that information is a lot more valuable than your second hand info.
Did someone else hear that pin drop?....sure is silent..
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