“Taking you from where you are
………. to where to you want to be”

Why I am in This Business..

Written by Clay S. on . Posted in Case Studies

Why I am in this business … and as a mortgage broker and not constrained working for a mortgage bank or banker…  And why an iron is a necessary tool! IronOur iron went crazy at 3 o’clock this morning sounding like an alarm clock.  Stumbling around in the dark and yanking the plug from the wall to get it to stop – oddly enough it made me think of an analogy to what we do to get loan files done for clients … Got to smooth out the wrinkles!   Jimmy wants to buy a house … he has less than perfect credit;  had some changes in his family situation over the past few years; is self-employed; is not as careful about separating business and his personal affairs and more.  That being said he is a genuine nice guy and wants to buy a house. A very major bank with a red white and blue logo turned down his loan because the loan officer did not understand his self-employment and that he could use C-Corporation income to qualify.   Being a CPA it was straightforward for me to outline the income properly.  Gathering the documentation to help explain all of the other wrinkles simply took patience. Did I mention he had a late payment on his mortgage in July?  Another wrinkle that I was able to solve because as a mortgage broker I have access to 15 – 20 lenders!  I found one (and only 1) that would follow Fannie Mae guidelines and not have investor overlays – they will allow this oversight that occurred while his family was moving. There is a way to go still and I am just submitting his loan – but I am excited it is a possibility now that we have the wrinkles straightened out …  Signet Mortgage has remained independent as a mortgage broker to maintain the flexibility to work with many lenders that benefit clients in pricing and simply in getting their deal done.   Finding solutions for clients is why I am in this business!  It is a great deal of fun!  I need a new iron.  

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