For loan officers only: Flex 100 program?
I am a loan officer who is a mortgage for the purchase. I use the Flex 100 program. My representative quoted me rates mark borrowers, which is 640 based. The coborrower A score 614, but the representative made it clear that we will price with borrowers. Now we can block, he told me that we must use the 614th I think this product has the same rules, regardless of the bank is the Flex 100 in the rule with borrowers, or coborrowers the smaller of the two prices? Please reply if you know this, and if so, you know where I can find in the guidelines? I sought advice on some banks, but have not had much luck. Thank you! Yes some of the AE drive me crazy. I told him that you knew what price to 640 when I sent the credit, man, what was the coborrower. His response was “well on the market has changed in recent months, and you can not expect the same speed as you had a month ago, I cited. I told him, regardless of market developments, I understand, of course, I have always wrongly quoted. He can not make excuses or anything, just acted like I misunderstood. Drain GOD, as steam, thank you for the answers it really helps. The lender is First Choice and they have made some very good products. You can buy a complete doc 50dti 614 to 7375 with 0875 on the back. Not bad for what I have, I think I can cope EI, I hate playing game with my bait Kunden.Nochmals thank you.