Pacific Bancorp?

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I work as a processor for a mortgage company. We currently use calyx as our software. However, we are not FHA approved, but my boss would like to start doing FHA loans. He has made an inquiry into Pacific Bancorp where we would pay 1400 dollars a month to do FHA through them as well as 90 dollars per lead if we choose to use their leads. Has anyone done this and what is their opnion on this company and thier processes. In my opinion, it would be easier to become FHA approved and pay that initial 6000 bucks and go through the secondaries we USUALLY go through using calyx, than to pay 1400 every month on a 12 month minimum contract AND have to learn a new software. What do you think? and how would we go about becoming FHA approved? who do we need to contact?

1 Comment
  1. Reply
    Rob Kosberg
    January 28, 2011 at 9:50 am

    We worked with Pacific Bancorp in the past and had a fine relationship with them. With that said, I think you are right – why pay so much when you can get the licensing yourself and save money over a 12 month contract.

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