Mortgage Blog

In 2009, I worked together with a mortgage brokerage
companies with lots of loan originators and branch
offices in different states. And I closed a lots of
correspondent loans back then(we originated the loan,
purchase it , then re-sold to other banks like Wells
Fargo, GMAC, Citi, etc) and that company headquartered
in Colorado.

And a few weeks ago, I got a letter from IRS of the
state of Colorado and asked me to pay the income tax
though I should not(I heard a lots of loan originators
got siilar letter since the state tried to "find" money).

So I asked my CPA to prepare a letter for me. So I went
to his office and picked up the letter yesterday.
I was surprised to find that the certified letter
info was all completed on the envelop and the letter
was labelled clearly which area I should sign, which I
should not.

Though this is only a very tiny change, it makes my
life easier to mail out this letter. And I noticed the
changes were because the new assistant he hired.

Usually in the servicing area, we don't change the servicer
if we are satisfied with the service. That's what I told
those prospects that if they had a very good agents,
just try to keep. No one can gurantee a lowest rate(
you know why, because the rate kept changing lower).

And I tried my best to get the best rates for my existing
clisnts, that's how they got 2.75% for 15 yr fixed
without impound July 2nd.