July 3rd, 2012 11:06 PM by Eric Fang
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 ofcorrespondent loans back then(we originated the loan, purchase it , then re-sold to other banks like WellsFargo, GMAC, Citi, etc) and that company headquarteredin Colorado.
And a few weeks ago, I got a letter from IRS of the state of Colorado and asked me to pay the income taxthough I should not(I heard a lots of loan originatorsgot siilar letter since the state tried to "find" money).
So I asked my CPA to prepare a letter for me. So I wentto 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 letterwas 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 servicerif 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 existingclisnts, that's how they got 2.75% for 15 yr fixed without impound July 2nd.