What's the company culture at AMERISAVE MORTGAGE?

Host said: Every business has its own style. What is the office environment and culture like at AMERISAVE MORTGAGE?

Are people dressed in business casual, jeans and t-shirts, or full-on suits? Do folks get together for Friday happy hours and friendly get-togethers?

What is a typical day in the life of an employee at AMERISAVE MORTGAGE?

STRESS PRESSURE CAN BUST A PIPE!

What a bunch of...you know the rest. If you work for this company as an inside rep one of the VERY 1st things you are told is that you need to get at least 2 apps a week. You are discouraged to ALLOW any customer to NOT pay the $395 in fact they tell you in training that you are not allowed to tell the customer that they can pay the appraiser at the door but should try to get the payment in total as a sale. Now they did mention this in the webcast as being allowed BUT in training in was totally different. Once you speak with your manager, you are also told to get the $395 in order to cover the cost of the credit pull and running through the automated system so I don't understand why he is not being upfront and honest here!

Listen, at several companies you are asked to collect at least a partial fee to cover appraisal for instance at Chase you were expected to assume the deal by asking "Now what credit card would you like to put that on Mr. Smith" and no one is accusing them of doing anything underhanded. The mere fact that some of the workers or recruiters here WON"T tell the truth when in fact there is really nothing wrong with some of these facts; should tell everyone to beware! It speaks volumes!!! The reason why they lie about the really not so significant facts is because there are also lying about the REALLY IMPORTANT ONES!

Thomas Guest in Phia, Pennsylvania said: Credit cards are charged $395 and they are ONLY refunded if you close three loans and from the message my friend quoted me (again, I have not signed up yet due to his heads up) it said it would be a CREDITED to your account. Since they want you to have some money in your account; for outside sales to make your purchases of leads and run credit reports and for inside reps, they STILL request you have money in your account to cover credit pulls for purchases, since you are not getting the upfront fee of $395 from purchase borrowers so guess who they want to incur the cost? You guessed it, YOU!

For anyone who doesn't make it pass 60 days inside and close 3 loans, kiss it goodbye. Some will realize within 30 days or less that it is not worth ANYMORE time or EFFORT and decide to get a job right away just to make sure they can pay their bills and put food on their table. Now it sounds like at first blush this should be easy to do, especially if you are used to selling internet customers or warm transfers (even though they are no longer warm transfers) and you are an above average producer previousy, guess again!

Tell your boss if he doesnt offer you 3000 a month base pay that you are going to take all of your coworker over to xyz company and he will go belly up in a private one on one conversation get together and let your co workers know what your up to 1st ive seen it a thousand times it works but dont let your coworkers know what you going to grt payed what do your coworkers have to loose you can go anywere with what he has to offer now

The forgoing of the licensing fee is nonsense also. Come on anyone with half a brain can see that after attending the webinar and applying for the job that you need to get the software to succeed. AGAIN, no real reason to deny this since it is assumed that in order to price correctly and to submit deals and to have access to website and most importantly TO APPEAR PROFESSIONAL to your new employer, your not going to say NO...come on people, why deny this by continuing to say you don't have to buy it when in fact you do! Futher evidence that they are so used to hiding the truth that they lie when not neccesary, especially when almost evey employee can come to this site, whether they like the company or dislike the company and tell the truth!

Comparing to Countrywide and stating you will make more, also not comparable. First any other employer (that is 100% commision based) will GIVE you their software, GIVE you the laptop and some are now GIVING you the telephones with allowances towards bill. AS compared to; expense of software, use or buy your on computer and oh yeah incur long distance fees or toll charges for some of your customer contacts that you need to follow up with! As far as the commission structure, don't agree. They take 10% for loss prevention, whatever, they take another 10% payroll fee, they take their portion somewhere between 20-30% I believe and they do this all at intervals when finished you really ending up with a little of 50% commission not the 70% they claim (I mean how else does a revenue of over say $3,500 end up at about $1,700, you can do that with any broker AND process your own loans with the added comfort that you know the ball won't be dropped AND you know you can get it to the table timely and really get 70% if you are generating your own leads.

Has anyone even done the math on this $350 for the software, I mean think about it, if they hire just 50 people a week (thats low-balling it I think)thats over $17,500 a week, where is that money going, if the owner designed the software to begin with? Now if you are doing that consistently and most of these people don't produce much or quit, they were not an expense to you but actually made you money with no risk AND if they happen to close a loan or two, well thats just icing!

jose jose in Costa Mesa, California said: I was not referring to any report. I was simply bringing to everyone's attention that you no longer provide warm transfers, but since you brought it up.... Everyone now is on a dialer and expected to make 90-100 "connects" in a 5 hour period. Who wouldn't prefer 10 inbound calls with an established credible direct lender (and no upfront costs) vs. 90-100 random calls with a "mortgage company" 3 time zones away with unseasoned staff and fees for software, licenses, mortgage losses.

What good are the tools if they are costly, unreliable or capable of delivering a finished product in a timely manner...?

AGAIN, DO NOT QUIT YOUR JOB.

Im only being real but theres no such thing as a perfect lead and there never will be 100 cold calls are better than 10 inbound any day of the week its a numbers game anyway you look at it!

The comment about the internet leads being cut and they were rate shoppers anyway makes no sense to me because the inside sales group are supposedly working the same leads from the exact same sources, so how is it stated as negative here when referring to the funding being cut for the outside sales personnel but sold as such an excellent opportunity for the inside sales people?

Everyone here has either heard or read Vermillion and/or Ziegler so the comment about order takers is blah. Just because some choose to point out the faults with this company and or choose to leave this company and clearly outline WHY this company IS NOT what they claim to be DOES not instantly mean the following: (1) they are order takers (2) they don't know how to sale (3) they are the competitor (4)it doesn't mean you aren't a closer and we all know the line "coffee are for closers" (5) that you are a complainer or a whiner,; sometimes it just means that you see it for what it is BECAUSE you witnessed it and you know others that have also witnessed it. And saying the opportunity is there to earn thousands while at countrywide its hundreds, please stop! If you are getting your business by building relationships with builders, realtors, fa's or anyone else then you would make thousands at any company you go to that is 100% commission, and any person in mortgage sales knows this! It goes back to what someone else said above, if you have been a top producer most of your career or at least above average with internet leads or even rate shoppers and all of sudden you can barely get 1 or 2 loans closed least of all 3 or 4, even in a tough market, there is something wrong. And no respose time of 5 minutes to emails is going to do the trick, it takes much more than that!

I never responed to this topic and internet leads or any other leads that you can think of does not replace the fact that theres no such thing as a perfect lead unless you can lock the barrower on the 2nd call....

John, your clueless or you haven't been doing this long enough if you truly believe 100 cold calls are better than 10 inbound calls! Inbound callers ARE CALLING YOU, therefore they have a definite need and they automatically put you at the advantage because you are in the drivers seat. They also have determined that they are really READY to speak on the telephone. That right there is the MOST IMPORTANT aspect!

Internet leads by nature are HIDING they do not want to be on the telephone thats why they have went to a website to get information, most are hoping that they can get quotes with very limited conversation. Quite a few will tell you on a daily basis that they exited before they completed all the information once they realized that they would be called or the social security number was requested. Most will receive much more than the standard 4 calls that all these lead generations state, they lie they resale the same leads over and over thats why all the customers tell you they have received over 20 calls, they are not lying! Try filling out on just 1 site and I guarantee you you will get more than 4 calls and when you ask the lead generation company they will give you the standard answer, the customer probably filled out on more than 1 site and each site sold it up to 4 times, crock.

Additionally, there is one internet company providing training that tells you explicitly DO NOT call the lead as soon as you receive the lead! Set up your email templates and 1st send an introduction email, introducing yourself and your company wait 15 -30 minutes and send your second email short with just a couple of questions and tell them you will be calling them within the hour, then and only then do you make the call! This does two things, it gets the customer familiar with YOU AND YOUR COMPANY and they have some time to maybe goggle your company's info or visit your personal website and just get acclamated to the idea of talking business

Second, it gets them prepared to speak with you. Unlike the autodialer where you catch some people off guard and they lie and say "he or she is not here" or they AUTOMATICALLY say "I'm no longer interested" before you get a word out they have hung up. You have a much better chance of getting those same potential clients to accept your telephone call by following the 4 email templates and the 4 telephone calls that are taught by this lead generation company and our office increased our conversion rate tremendously because they were definately on to something by first sending 2 emails before making a single call you have greatly incresed your chances of getting them into an app on the 1st or second follow-up call. You can take 100 autodailer calls and convert 1 at any given time but you can take 10 incoming calls and convert 8 into an app at any given time!

John Doe in North Hollywood, California said: I never responed to this topic and internet leads or any other leads that you can think of does not replace the fact that theres no such thing as a perfect lead unless you can lock the barrower on the 2nd call....

I wasn't speaking about your comment there, I was talking about Romepower when he mentioned that the leads were rate shoppers anyway. However, I was talking to you in regards of the 100 auto dialer and the 10 inbound, You are right, there are no perfect leads however, some are better than others and some are MUCH better than others! Referrals are first, inbound calls second and cold calling last!

ACE 22 in Baltimore, Maryland said: Second, it gets them prepared to speak with you. Unlike the autodialer where you catch some people off guard and they lie and say "he or she is not here" or they AUTOMATICALLY say "I'm no longer interested" before you get a word out they have hung up. You have a much better chance of getting those same potential clients to accept your telephone call by following the 4 email templates and the 4 telephone calls that are taught by this lead generation company and our office increased our conversion rate tremendously because they were definately on to something by first sending 2 emails before making a single call you have greatly incresed your chances of getting them into an app on the 1st or second follow-up call. You can take 100 autodailer calls and convert 1 at any given time but you can take 10 incoming calls and convert 8 into an app at any given time!

Ace how do you come up with a back end ratio im doing this 15 years and the free data that i order will get me 15 complete 1003 a day 5 of witch will pay me $450 for an appraisal a day i doubt you can come close to competeing with me and the leads are FREE the trick is knowing how to order the right parameters i get alot of job offers it doesnt mean that i will take them just like an internet lead it doesnt mean its a done deal unless you know all the angles of any given senario

If you say so then i would have to agree but i dont work that way referals are a given just make sure they cant find you when there I/O rate RESETS if you knew what was good for you then you wouldnt do referals/family and friends heads up!

ACE 22 in Baltimore, Maryland said: I wasn't speaking about your comment there, I was talking about Romepower when he mentioned that the leads were rate shoppers anyway. However, I was talking to you in regards of the 100 auto dialer and the 10 inbound, You are right, there are no perfect leads however, some are better than others and some are MUCH better than others! Referrals are first, inbound calls second and cold calling last!

To further expand on that.. A lot of these inbound calls are retention customers. We would average 2-4 at Ditech, they still do today. Borrowers were happy with Ditech, and did not feel the need to shop around, and for those that did, we sold the GMAC brand and its long term presence in the marketplace to keep them in the fold. Not to mention, we could lock the rate immediately...even OVERNIGHT. What a mess it was in Amerisave in February when we had that narrow window of a really low rates that I thought were locked but did not get to the lock desk in time. THREE deals that were unable to be salvaged (after much effort). With all the uncertainty in the error, you bet the LO's at larger direct lenders are selling thier stance in the marketplace. Amerisave is not a direct lender and are not equipped to handle a streamlined process from start to finish.

Again, DO NOT QUIT YOUR JOB. Go on vacation and work a few hours a day so you can observe the dysfunction with your own eyes.

Correctin: "...with all the uncertainty in the air..."

jose jose in Costa Mesa, California said: To further expand on that.. A lot of these inbound calls are retention customers. We would average 2-4 at Ditech, they still do today. Borrowers were happy with Ditech, and did not feel the need to shop around, and for those that did, we sold the GMAC brand and its long term presence in the marketplace to keep them in the fold. Not to mention, we could lock the rate immediately...even OVERNIGHT. What a mess it was in Amerisave in February when we had that narrow window of a really low rates that I thought were locked but did not get to the lock desk in time. THREE deals that were unable to be salvaged (after much effort). With all the uncertainty in the error, you bet the LO's at larger direct lenders are selling thier stance in the marketplace. Amerisave is not a direct lender and are not equipped to handle a streamlined process from start to finish.

Again, DO NOT QUIT YOUR JOB. Go on vacation and work a few hours a day so you can observe the dysfunction with your own eyes.

It becomes overwelming most of the time

theres not much uncertanty when your doing free and clear loans or 60% LTV Loans the uncertanty is getting paid on them from my experience!

not true when there caping out this month its all in the vonerability of the loans or the type of barrowers you targeting!

It sounds like your company is not ordering the right type of leads were they drag out I target more in the now type of loans when i call the borrower the timeing is just right and they have no choice but to listen its only going to grt worse if they dont i wish you could understand im new to this forum and dont want to relinguish my secrets just yet

ACE 22 in Baltimore, Maryland said: Second, it gets them prepared to speak with you. Unlike the autodialer where you catch some people off guard and they lie and say "he or she is not here" or they AUTOMATICALLY say "I'm no longer interested" before you get a word out they have hung up. You have a much better chance of getting those same potential clients to accept your telephone call by following the 4 email templates and the 4 telephone calls that are taught by this lead generation company and our office increased our conversion rate tremendously because they were definately on to something by first sending 2 emails before making a single call you have greatly incresed your chances of getting them into an app on the 1st or second follow-up call. You can take 100 autodailer calls and convert 1 at any given time but you can take 10 incoming calls and convert 8 into an app at any given time!

I understand but you should understand that my leads are of urgency not procrastinators these people need to act now and they listen off guard or not i just dont let them know that i know what type of situation there in and they think that the call was just great timeing kind of like when auto insurance companys pay millions of dollars more to advertise certain times of the year more than others

John Doe in North Hollywood, California said: Ace how do you come up with a back end ratio im doing this 15 years and the free data that i order will get me 15 complete 1003 a day 5 of witch will pay me $450 for an appraisal a day i doubt you can come close to competeing with me and the leads are FREE the trick is knowing how to order the right parameters i get alot of job offers it doesnt mean that i will take them just like an internet lead it doesnt mean its a done deal unless you know all the angles of any given senario

Don't understand your question but I will say this in response, I respect anyone who has knowledge and expertise AND PROFESSIONALISM. You just let me know you at least don't have the professionalism because you start right off the bat telling me how you doubt if I can compete and your years in business when you are CLUELESS of mine! I have been in this businesss since the 80's seen and lived through a market in which excellent customers were in the double digits and I STILL sold loans so please don't assume you have more knowledge than me and that you will beat me in anything. Now with all that said, I also do not assume just because of my length of time in this business that I can't learn from the greats like Dale and Zeigler or anyone else and I never assume that I outshine anyone else cause you know what assume stands for right? It was VERY insulting to say not only you can't compete with you but I can't come close? Please!

Finally, I never said ANYTHING about your supposed "free leads" my dispute was 100 AUDIODAILERS as compared to 10 Inbound calls! That free lead stuff, I won't comment on except to say we all see them advertised, ironically through email, I have never taken advantage of them and have no idea what they entail but I would think most here would be skeptical just as I am; down market, lite appraisal, low credit scores and people hurting for business but magically someone has FREE leads...yeah

John Doe in North Hollywood, California said: If you say so then i would have to agree but i dont work that way referals are a given just make sure they cant find you when there I/O rate RESETS if you knew what was good for you then you wouldnt do referals/family and friends heads up!

Here again you show that you may not (I said may not) be that swift in this business. If you can't treat your referrals JUST AS YOU ARE TREATING EVREYONE ELSE and you are worried that they may come back to you after resets, SPEAKS VOLUMES! Again, been doing referrals over 2 decades, as most here will probably agree, that is anyone who conducts business fairly, honestly and is upfront and MOST IMPORTANTLY: EDUCATES THEIR BORROWER! If they choose to take an IO (ARM)AFTER you have educated them to what the advantages are (maximizing your cash on hand while still having the option to hit principal if they choose) but the disadvantages may NOT be hitting principal if they don't send in extra or appraisal value may decline and not make up for that fact, then THEY MADE A WELL INFORMED CHOICE based on your education! If for any reason it does not work for them, you still should not have to be in "hiding" because Real estate ownership is still a risk, there is nothing in the rule book that takes that risk away regardless of what we all might think today. The mere fact that you made that comment leads me to believe you either put people into financial situations that you are not proud of and as long as they are clients that can't find you, you are okay with that, now I could be wrong...but that is certainly how you are making it sound! Please don't think you can compete with me, if thats the kind of business you do and you can't sell a non-traditional loan to family, friends or referrals without feeling completely okay with that!

John Doe in North Hollywood, California said: theres not much uncertanty when your doing free and clear loans or 60% LTV Loans the uncertanty is getting paid on them from my experience!

Here your talking about gimee loans, no one disputes these type of leads! Your taking ONE sort of lead and acting like we are all commenting on this no-thrills loan! Your not hitting up free and clear or 60% LTV as YOUR main source of leads, so stop it! Everyone knows the market and the highest foreclosure rate EVER, so why are you trying to infer that you have some "magic wand" that you are only doing the type of lead you just mentioned! That lead can be converted by my 16 year old son with NO mortgage SALES SKILLS! STOP IT!

John Doe in North Hollywood, California said: It sounds like your company is not ordering the right type of leads were they drag out I target more in the now type of loans when i call the borrower the timeing is just right and they have no choice but to listen its only going to grt worse if they dont i wish you could understand im new to this forum and dont want to relinguish my secrets just yet

And I guess you are targeting the EXACT PERFECT customer of 60% LTV or lower and/or free and clear, right? And EVERYONE knows about timing it's just like in direct marketing, someone can get your letter for 3 months but not call you until 4 months later, why? Cause they finally have a need and the last letter you sent them hit them at the RIGHT TIME! So you aren't saying anything slick John! What you ARE saying is that you have some magic knowledge of getting ALL the great customers at the RIGHT time,AND HERE"S THE KICKER FOR FREE; then you should not only be top producer at your company (wherever that is) you SHOULD BE TOP PRODUCER IN AMERICA! How do you even have time to talk to us underlings? Since these types of loans are the rarity and not the norm and you have CORNERED this market and have taken the few that do exist in abundence. You should be so busy doing loans that you don't even have time to KNOW about this blog, you should have No time to spend with your family, everyone in your life should be wondering "when's the next time we are going to see John, Christmas"! Again STOP IT!

John Doe in North Hollywood, California said: I understand but you should understand that my leads are of urgency not procrastinators these people need to act now and they listen off guard or not i just dont let them know that i know what type of situation there in and they think that the call was just great timeing kind of like when auto insurance companys pay millions of dollars more to advertise certain times of the year more than others

Again, wasn't talking about YOUR leads cause I don't have "knowledge" of your free leads (sounds like you have someone funneling customers from a collection agency, credit card company, bank or something along that line...but I digress). Let me make this clear for the last time! I am talking about TRUE internet leads that filled out on ELEADZ, GOAPPLY, LOWER MY BILLS & ZIPSEARCH just to name a few. The process that I talked about early is in regards to those types of leads that companys mistakenly put on audiodialer FIRST instead of branding yourself and your company first through the communication avenue they love...EMAIL.

ACE 22 in Baltimore, Maryland said: Again, wasn't talking about YOUR leads cause I don't have "knowledge" of your free leads (sounds like you have someone funneling customers from a collection agency, credit card company, bank or something along that line...but I digress). Let me make this clear for the last time! I am talking about TRUE internet leads that filled out on ELEADZ, GOAPPLY, LOWER MY BILLS & ZIPSEARCH just to name a few. The process that I talked about early is in regards to those types of leads that companys mistakenly put on audiodialer FIRST instead of branding yourself and your company first through the communication avenue they love...EMAIL.

I would love to see how your system works and throw you some money if I actually close a deal off of it. My email is jultompte at yahoo.com. Thanks!

ACE 22 in Baltimore, Maryland said: Again, wasn't talking about YOUR leads cause I don't have "knowledge" of your free leads (sounds like you have someone funneling customers from a collection agency, credit card company, bank or something along that line...but I digress). Let me make this clear for the last time! I am talking about TRUE internet leads that filled out on ELEADZ, GOAPPLY, LOWER MY BILLS & ZIPSEARCH just to name a few. The process that I talked about early is in regards to those types of leads that companys mistakenly put on audiodialer FIRST instead of branding yourself and your company first through the communication avenue they love...EMAIL.

Its not funneling/collections c.c. bank or anything like that its called stradegy but if you dont know then you dont know what i know has work exceptionaly well for me or anyone eles that has the know how anybody and every body can do it you just have to know how to do it maybe 10% of the whole industry knows how to do it but it comes at a price and thats takeing the time to understand what kind of paper/product has been sold/targeted heavy over over the last 5 years this is verry valuable info that i just gave can you figure it out it took me a while to figure it out just like school you have to spend 10s of thousands to understand it

ACE 22 in Baltimore, Maryland said: Here your talking about gimee loans, no one disputes these type of leads! Your taking ONE sort of lead and acting like we are all commenting on this no-thrills loan! Your not hitting up free and clear or 60% LTV as YOUR main source of leads, so stop it! Everyone knows the market and the highest foreclosure rate EVER, so why are you trying to infer that you have some "magic wand" that you are only doing the type of lead you just mentioned! That lead can be converted by my 16 year old son with NO mortgage SALES SKILLS! STOP IT!

Your confussing me with someone else on the forum i never said anything about gimee loans slow down turbo we were talking about how to get the right leads in general to maximize your time in closing more loans and once again all my leads are free and clear or currently under 50% LTV wy do you think reverse mtg are so big now think! and it is a magic wand, but theres more to it than just equity open your mind because veterans that see this know just how much your in the blind im trying to teach you and even in 6 months from now you we still be curious to know how some people are makeing 35k a month and others are going from one job to the next in frantic/sceptisym there are such leads as the glen gary glen ross leads i Drive a $120,000 bens thats my name

John Doe in North Hollywood, California said: Its not funneling/collections c.c. bank or anything like that its called stradegy but if you dont know then you dont know what i know has work exceptionaly well for me or anyone eles that has the know how anybody and every body can do it you just have to know how to do it maybe 10% of the whole industry knows how to do it but it comes at a price and thats takeing the time to understand what kind of paper/product has been sold/targeted heavy over over the last 5 years this is verry valuable info that i just gave can you figure it out it took me a while to figure it out just like school you have to spend 10s of thousands to understand it

Okay, great for you sport, glad to hear your 15 years of experience AND your being leery of doing referral business (by the way the reason why most are in this business is too GAIN satisfied customers that send referrals at least thats what I have found in MY 20+ years)and your staying away from the VERY BEST kind of leads in this industry cause you don't want them to be mad at you along with your being privy to what the "10% of people in the whole industry" is paying off for you. Anybody else (with more than his 15 years) find the majority of this guys post speaking volumes? I'm going to do myself a favor, not reply any longer to you. Your responses and comments from the beginning come across as just a tad illiterate (and I'm not referring to spelling since we all seem to type a few words incorrectly; it's much more than that) your constant so called tooting of your own horn with these "free leads" that you "know what criteria to set for"; comes across as very bogus, fairy talish (don't think thats a word but it fits) and absurd. Your last comment "but it comes with a price and thats taking the time to understand what kind of paper/product (who doesn't know what the heck was sold in the past 5 years, is what I want to know) begs me to just stop wasting my time.

John Doe in North Hollywood, California said: Your confussing me with someone else on the forum i never said anything about gimee loans slow down turbo we were talking about how to get the right leads in general to maximize your time in closing more loans and once again all my leads are free and clear or currently under 50% LTV wy do you think reverse mtg are so big now think! and it is a magic wand, but theres more to it than just equity open your mind because veterans that see this know just how much your in the blind im trying to teach you and even in 6 months from now you we still be curious to know how some people are makeing 35k a month and others are going from one job to the next in frantic/sceptisym there are such leads as the glen gary glen ross leads i Drive a $120,000 bens thats my name

Thats a gimee loan I am referring to GENIUS! Free and clear or with loads of equity!

John Doe in North Hollywood, California said: Your confussing me with someone else on the forum i never said anything about gimee loans slow down turbo we were talking about how to get the right leads in general to maximize your time in closing more loans and once again all my leads are free and clear or currently under 50% LTV wy do you think reverse mtg are so big now think! and it is a magic wand, but theres more to it than just equity open your mind because veterans that see this know just how much your in the blind im trying to teach you and even in 6 months from now you we still be curious to know how some people are makeing 35k a month and others are going from one job to the next in frantic/sceptisym there are such leads as the glen gary glen ross leads i Drive a $120,000 bens thats my name

Reverse mortgages wern't part of the convo so if thats what you have been alluding to as if you had some secret formula, your funny, why do you think only 10% of the industry knows this? Are you a clown? Do you really thing "VETERNS" as you are now trying state as if its negative no less when you just said you had 15 years don't know and aren't educating themselves about Reverse mortgages? Just like everything else or just like subprime a lot of people are getting into this but just like evercything else that golden egg will stop flowing too! Maybe not for a few years but it will additionally, they take time and effort to get through to the closing so again you ain't said nothing slick genius. And in 6 months I won't be curious about chit cause I CONTINOUSLY educate myself about the ENTIRE market. Finally, the comment about your BENZ so diminshed your credability. It's not that you can't or don't have it, it's the mere fact that you have to mention it in a context of where it wasn't relevant...again speaks volumes! How do you know what the heck anyone else drives here? They could be in the 745 LI or the 750 at 90k a pop, whats the point?

Finally, anyone with an ounce of brains has downsized the big expensive cars and made the necessary adjustments and INVESTED their earnings more wisely to ensure that when times get good again, and they will get good again, they can get back to the big ticket luxury items when it makes more financial sense and I don't car how much you are so salled closing right now!

the point is that the mabach/bmw was mentioned in glen gary glen ross and that movie made more money than you will ever make and reverse mtg are relavant it part of the business you need to quite with the shrewed comments and open your ears your radar is way off thats wy your in the position that you are in and my loans are at par my volume far exseeds fees if you want to challenge my expertice put up 50k and we will see who closes more loans in a three month compitition put your money were your mouth is!

I can use my mini cooper for that and down sizeing isnt a smart choice a hybrid will take 3-6K more and 6 years to recoupe the money before you see any savings what do you know about that and wene the economy comes back you cant buy a maybach for 120k it will cost 200k so wy save is any boby home in there!

It sounds to me like if a customer comes off the wrong way you wont do the deal with this comment so your making your job harder then it has to be

I dont get paid for penminship i get paid to close loans stay on the topic

20 years in the business and cant come up with a back end ratio any veteran would say your a lier whats tami,sisa,nina, etc stand for? and this business is all about compitition that wy there are so many employ turn overs and you did persive to know it all go back and read your comments you cant see me!

Above all,theres a fine line between winning and looseing and thats the FINISH LINE... i ment no offence i thought that we could lean from each other.

ACE 22 in Baltimore, Maryland said: Here again you show that you may not (I said may not) be that swift in this business. If you can't treat your referrals JUST AS YOU ARE TREATING EVREYONE ELSE and you are worried that they may come back to you after resets, SPEAKS VOLUMES! Again, been doing referrals over 2 decades, as most here will probably agree, that is anyone who conducts business fairly, honestly and is upfront and MOST IMPORTANTLY: EDUCATES THEIR BORROWER! If they choose to take an IO (ARM)AFTER you have educated them to what the advantages are (maximizing your cash on hand while still having the option to hit principal if they choose) but the disadvantages may NOT be hitting principal if they don't send in extra or appraisal value may decline and not make up for that fact, then THEY MADE A WELL INFORMED CHOICE based on your education! If for any reason it does not work for them, you still should not have to be in "hiding" because Real estate ownership is still a risk, there is nothing in the rule book that takes that risk away regardless of what we all might think today. The mere fact that you made that comment leads me to believe you either put people into financial situations that you are not proud of and as long as they are clients that can't find you, you are okay with that, now I could be wrong...but that is certainly how you are making it sound! Please don't think you can compete with me, if thats the kind of business you do and you can't sell a non-traditional loan to family, friends or referrals without feeling completely okay with that!

comeing back after reset thats an understatement there gutting out there home what do you think they think about you ita a fire sale you should realy lean the guidlines weres your referal business now/repeat business there all upside down!

John Doe in North Hollywood, California said: the point is that the mabach/bmw was mentioned in glen gary glen ross and that movie made more money than you will ever make and reverse mtg are relavant it part of the business you need to quite with the shrewed comments and open your ears your radar is way off thats wy your in the position that you are in and my loans are at par my volume far exseeds fees if you want to challenge my expertice put up 50k and we will see who closes more loans in a three month compitition put your money were your mouth is!

First, I have to agree that we are not in the same league and I DON"T mean in your favor either! If you speak ANYTHING like how you spell or how you formulate your sentences, you would be right we are NOTHING alike.

Second, don't assume to know what I make or how well I do in this industry, please you don't have a clue and just like I gave you the benefit of the doubt and said it's possible that you are doing EXACTLY what you say you are cause unlike you I don't have prconceived notions of whether you do or don't.

Third, I NEVER said reverse mortgages WASN"T relevant, we all are smart enough to know that they are what I SAID WAS you shrouded your secrest formula in such mystery ONLY to then elude to you were talking about reverse mortgages to begin with and it was a little cloak in dagger and nonsense as if no one else is aware of the vast potential of reverse mortgages and you & only 10% of the industry was pursuing the reverse mortgage business, again STOP IT, your not in some elite group!

Fourth, How do you know what position I am when you say open your ears and your radar is off and thats why I am in the position I am in? Again, you lose all credability ASSUMING to know anything about MY PERSONAL situation. And if you can spell EXCEEDS or Skepticism, then maybe just maybe I will believe all your BRAVADO and BRAGGING!

Fifth, if you can CORRECTLY spell EXPERTICE & COMPITITION

Maybe, just maybe I will put up 50k of my hard earned money to Compete with a stranger on the internet. (Hint I gave you part of the spelling for one of the words, can you guess which one!)

John Doe in North Hollywood, California said: I can use my mini cooper for that and down sizeing isnt a smart choice a hybrid will take 3-6K more and 6 years to recoupe the money before you see any savings what do you know about that and wene the economy comes back you cant buy a maybach for 120k it will cost 200k so wy save is any boby home in there!

NO I don't thing ANY BOBY IS ! LOL

I dont need a profesional attitude numbers dont lie its all about saving money id buy from a gerk a 30 fix before i would a sweet chick hawk looking to charge me max overage most people would!

John Doe in North Hollywood, California said: I dont get paid for penminship i get paid to close loans stay on the topic

Actually, if you do loans, I mean REALLY do loans then you DO IN FACT GET PAID for your writing, grammer and speech patterns. Do you not speak with customers? Do you not assist your customers in writing any of the LOE"S that may be requested (in case you don't know what that is and I'm not saying you don't...its Letters Of Explanations) Do you not send emails to your customers, potential clients, influence circle, your processor, underwriter, boss and the list goes on? I'm not talking about simple typo's, again will all do them most especially since this is informal but my goodness, you can't seem to spell anything over 5 letters correctly and you damn sure can't formulate a cohesive sentence. If you continue to think your horrible spelling and formul;ating of your sentences are not costing you (if in fact you write and speak as you do here) then you are truly in the dark!

John Doe in North Hollywood, California said: 20 years in the business and cant come up with a back end ratio any veteran would say your a lier whats tami,sisa,nina, etc stand for? and this business is all about compitition that wy there are so many employ turn overs and you did persive to know it all go back and read your comments you cant see me!

What back end ratio are you talking about? YOU know what nevermind! and what the heck is :persive"? again nevermind I don't want to know!

you cant handle the truth we feed you a ton of full submissions that meet guidlines and you leave us hanging you dont drop the ball on the loan you drop the ball on the employee and dont care if he quits because you have his deals anyways and the appraisal thats been payed for by the customer, but now its getting harder to keep employees because you bite the hand that feeds you and if you get any new employees hes savy to the game and he knows how to beat you you wont newbees to pay for the appraisal so they dont quite on you and as far as long distance phone calls you probably have unlimited call plan quite hurting employees there the back bone to your company everything you earn youll eventualy loose because you cant keep replaceing employees or find them faster than your looseing them be real what happend to team work?

then wy did you post do you want to help youself and your company? dont take what you think is personal this is about business BE REAL!!

Knowing the guiedlines ratios derogatorys fico emperica scores mtg late payments ltv etc realy helps you to understand if your company is cheating you out of your fare share and dont confuse locking a customer with a rate lock im talking about initialy locking them(learn) you can do it dont burn youself out with by not understanding me your company is already doing that for you lean what im shareing with you!

John Doe in North Hollywood, California said: you cant handle the truth we feed you a ton of full submissions that meet guidlines and you leave us hanging you dont drop the ball on the loan you drop the ball on the employee and dont care if he quits because you have his deals anyways and the appraisal thats been payed for by the customer, but now its getting harder to keep employees because you bite the hand that feeds you and if you get any new employees hes savy to the game and he knows how to beat you you wont newbees to pay for the appraisal so they dont quite on you and as far as long distance phone calls you probably have unlimited call plan quite hurting employees there the back bone to your company everything you earn youll eventualy loose because you cant keep replaceing employees or find them faster than your looseing them be real what happend to team work?

Sounds like you are talking about AMERISAV here and I couldn't agree with you more! EXCEPT you forgot to mention that they are capitalizing on the hundrends of people paying the $350 for the software and then quitting or being forced to outbound.

One person canot make a difference unless someone else notices that difference!