Fire up the Resume!

Clearly there is opportunity in my industry for those with deep pockets and a steady stream of referral business. I'm great with applications and getting cusomers on board but having to turn down a 740 score borrower because they have a loan amount that is 95% of the appraised value no reserves is just too much for me to stomach. I can see a 540 being turned down but a 740? What is going on?

For those of you shopping mortgages out there be warned. The ones that are quoting you rates that sound high are not making it up. The ones that are low balling the rate are trying to bait and switch you.

This is a scary time in the business like I have never seen. I know you have seen this:


of course today's response from Vernake? Hold the rate? AAARUGH!!!!