Bucky's Blog!

Last Wednesday, I took a late flight down to Nashville, TN, to help a friend get acclimated into her new home.  While there, I went to a AAA baseball game in Nashville, ( A Milwaukee Brewers affilitate), and a AA game in Knoxville TN, (A Chicago Cubs affiliate).   WOW, what a difference...Not onl...

WARNING for All Calyx Point Users!   Just 3 days ago, I had the new rules with the 4506T Request for Tax Transcripts affect my ability to close a loan as well as be efficient!  I am upset about it too!  I was on the phone with Calyx Point for about an HOUR trying to fix it, and right this minute ...

This is EXACTLY what will happen to your deal when you provide a PRE-APPROVAL LETTER, PRE-QUAL LETTER, or whatever this letter is, to a seller!!!!!!  KABOOOOOOOOOOOMMMMMMMMMMM!   There will be a TEST after this, so this will be FUN!  KEEP READING!!!!! All I know, is if OUR Company provided a lett...

The following was one of the 1st blogs I have ever done!  I changed it up quite a bit, but left the content approximately the same!  Now that I have been in "the RAIN" for a while, I thought it was DEFINITELY worth re-doing and re-stating!  Plus, I added pictures!  :)   ***NOTE*** I am looking fo...

  Recently, I have been noticing a LARGE number of blogs on AR and other sites, talking about TOPICS in the Mortgage Business, and it is clear to me that the general public, as well as Professionals within our industry, are not noticing the differences of perspective that these blogs are coming f...

Well, after my first 6 months witih Active Rain, I thought I might share my questions, comments, observations, suggestions, problems, antics, and issues that I have encountered in a very short period of time! So far, my overall impression of ACTIVE RAIN, is that it is a "combination" of 145,000 p...

 Attention!  Mortgage Lenders, Realtors, & Consumers!  ONE MORE THING that COULD slow the loan process down!  Be afraid, be very afraid!  What is a 4506T form you ask?  It has been around for YEARS, but thanks to the Countrywide Fast & Easy Loans, Stated Income Loans, No Documentation Loans, and ...

Today, I couldnt help myself!   In my hometown, we are having an area wide garage sale!  Arghhhh...traffic everywhere, and people looking for bargains..and not watching the road...blah blah blah!~ I ride my Mountain Bike to work everyday, as I only live 1 mile from the office...sooo...it was espe...

Pre-qualification letter:  This is merely a letter that the lender provides to the realtor when asked, to send on with the OTP, that shows the SELLER that the customer has made application, had credit pulled, and in the "eyes" of that particular lender, should not be a problem to get financed.  ...

I see all kinds of documentation in your future my friend!   Beware!    Today, as a LENDER, our crystal ball has no idea what it is doing!  We rely on automated approvals to tell us exactly WHAT WE NEED from a customer, and even this isnt good enough, as an underwriter has complete discretion at ...