Monday, June 13, 2016

How Are Computer Generated Approvals Even Allowed???

 
 
So it only took 6 days for my eldest son to lose his iPhone privilege. He has BEGGED me for a phone for over a year. 'All the kids have one' , 'I'm the only kid at school without one'....blah blah blah. So the day after school ended, he got one. It was time anyway. He got cold busted by his Dad that he and some neighborhood friends were prank calling businesses pretending to order pizza. 6 days. No iPhone, no iPad.  I'm usually one to cave. Not now. Not when I only have 8 years before I release this kid to the world. No way. Accountability at its finest.
 
Speaking of 'releasing to the world'. How was the concept of online FAST/rocket speed pre approvals EVER allowed? This information, released to the public, the mere concept that you can submit an online application, and have a computer generated 'approval' to make an offer? Whoever invented that concept should be stopped. Its a total farce. How do I know this? My team receives on average FIVE 911 calls per week to save deals that other lenders can't do. It's heartbreaking.
 
Have your clients get a 2nd opinion! There is no cost, only time. Of the five this week, we told 3 to stick it out, stay the course. The other 2, we SAVED! They had been denied by other lenders 1 week before closing, and we turned them around. Closing next week!
 
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Upcoming Realtor
 Training Workshops
 
Lunch & Learn: Introduction to Mobile Technology
Monday June 13th
@ 11:30 am- 1:00 pm
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Builder Panel- Trends In New Construction
Wednesday, June 22
@10:30 - 12:00
 
Location:
Legacy Mutual Mortgage
2500 City West Blvd, Ste 750
Houston, TX 77042
 
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Breakfast and Learn!
Mock Loan App Step by Step  Process
Thursday, June 16th
@ 9:30
  
Location:
Cafe Express
1101 Uptown Park Blvd, Suite 12
Houston, TX 77056

RSVP to Annette:
713-579-3606

1 comment:

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