Charlie Fleming

@GamewithDave These two knew ball.

@GamewithDave Many hours on this one

For those who used a computer between 1995 and 2001, what's the computer game from that time that sticks with you the most, and why?

@mortgagesinDC Good to know! We are exploring them.

LOs…if your company hasn’t explored Tidalwave yet for POS system definitely check it out I’ve used blend for 7+ years and Tidalwave blows it out of the water Top 2 things: - run dual AUS & PIWs without touching encompass or on my phone - can advise solutions on tough files

@AdvisorJohn 100%. This is something that bit me a few years back believe it or not. Here’s another trick: move the reserves back to gift funds, and switch the loan program to a 25 year fixed. See if that’ll give you an approval.

Loan Officers: I'm working on a loan that's giving me a little brain strain, but I thought I would share the findings. FHA - AUS will approve at 6 months' reserves, BUT only if the reserves come from the borrower's assets. When I shift the gift to their own funds, approved. When I label it as a gift, refer. I never knew AUS would tell the difference between borrowers' own funds or not, but clearly it does!

@dhe3g He’s the rollback man!

Do you understand how long this bag been in that gahh damn house. This is ancient LMAOOOOOOOOOOOOOOOO

This was a status symbol back in 2006,

@IDSurvivalPrep This looks like a Hampton Inn. 💪

I love it when a hotel has an actual continental breakfast for men.

@DisneyDad9 That 13.99 beer looks delicious 😂

People always ask me for Disney tips… my #1 is to build in a non-park day. Enjoy the resort you paid for!

@EricSpracklen 30% of homeowners do not have a mortgage. A correction will happen. Not a crash.

The housing market will crash before the end of Trump’s presidency and it has nothing to do with mortgage rates. Homes are 30-50% overvalued across the board. It’s coming back down to reality very soon.

@TangoJazz99 Only thing that will drop is their profits.

Mic drop $open

@HomeLoanBill No one wants to talk about the required audits needed for HUD, or post closing FNMA audits. Thats not the cool side of the biz.

@dangreenoh Hey Dan…what is the cost per loan for compliance?

Opendoor is getting attention for offering mortgage rates that look "below market" and I want to talk about it. This isn't some magic trick. It's actually pretty basic. Here's how we do it: Opendoor mortgage rates aren't marked up. The end. See, when people talk about "market rates" for mortgages, they telling you about the rates they see online from their lender, or from Mortgage News Daily, or some other source. Remember: those rates include 350 basis points of markup on average, based on self-reported data to the Mortgage Bankers Association. 350 basis points is not nothing. As a rough rule of thumb, every 100 basis points markup raises a consumer's mortgage rate by 0.25 percentage points. So, let's all acknowledge that "market rates" in mortgage reflect 350 basis points of markup, which raises a customer's mortgage rate by roughly 0.875. Opendoor changed that. Our mortgage rates are what happens when you take that markup out. It's like what E*TRADE did for stocks. In the 1980s, the market price of a stock was whatever its price was plus whatever your broker charged. It's why every broker had a different price. Today, the price of a stock is the same everywhere. So if Opendoor's mortgage rates look "below market" to you, they're actually not. This is just the first time you're seeing mortgage rates without a massive markup. More here: opendoor.com/articles/why-m…

@George__Crump Hope I can send a text like this to my son one day! #boom

Absolute banger of a text to receive on hump day #Booyah

@Ughhmantha lol no. But, I was told not to stare into the microwave cause it causes cancer.

@BobbyWilson1004 Don’t give up hope Bobby!! 🤣

Fuck the Falcons

@LizyHoeffer 47 seconds to underwrite: -Divorce Decrees -Large deposits from outside bank accounts -Business debt paid by others -Declining income from self employed -REO rental income analysis Sounds too good to be true!

47-second underwriting” is probably more marketing than reality. Regulation makes full automation unlikely Curious how Better AI plans to handle the real bottlenecks: self-employed income analysis
fraud checks
title issues
legalities with loan denials Manual underwrites

@jasonlewris Great stats. This is what will help our affordability crisis. This will help : Supply > Demand Only issue I see is displacing all of those renters who can’t afford to own their own home. That’ll be interesting to see play out.

Atlanta is ground zero for institutional housing investors. There are now 4 Atlanta zip codes where investors who own 350 or more homes account for 25% or more of the entire for sale supply. Supply could flood Atlanta at an unprecedented rate. 21st Century Road Act is still just a thought experiment.

Read the Bible. Encourage everyone to try it. It opens up a lot.

@shawngorham On what vehicle? I’ve seen 1.9% for 36 months with incentives- not a bad deal

Ford has 0% for 60 months financing BUT... you give up $6,250 in incentives Guess what? Its not really 0% then You have to do the math on if you are better off taking 0% or the incentives to make a decision

@itsnotjess123 If you have kids, you don’t like either one of them.

is daylights savings the one we like? i lowkey forget sometimes

@adotwill @mortgagetruth Bingo. And majority of a well qualified buyers aren’t 780+, W2, clean and simple. You have self employed income, divorce decrees, business assets, business debt paid by others, etc etc. lots of landmines on agency guidelines.

@mortgagetruth Any LO who has done more than 5 mortgages knows you can't originate with ai. Maybe super vanilla w2 770+ fico 20% down. And there are lots of those but the rest? Not a chance. The underwriting is a different story though.

Mortgage lender Better has teamed up with OpenAI to "fully underwrite a mortgage loan" in as little as 47 seconds. This sounds like great news for borrowers, especially if costs are cut and passed to consumers. It doesn't paint a bright future for underwriters and LOs though. Initially, LOs feed consumer application data and documents into the Tinman AI app. How long before consumers just do it all themselves?