A Personal
Message From
Richard Noah |
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Get Your
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FINALLY…All
The Inside Secrets Reveal How-To Successfully Package and Fund
Mortgage Loans. "Your Success Is As Easy As 1-2-3…If You
Will Follow A Few Simple Procedures."
The "SubPrime Lendings Unabridged Loan Manual," our
NEWEST book just released,
is a professionally published training and educational desktop
resource that makes a companion to every successful lending professional.
Your success or lack thereof,
and that of other loan professionals, is either directly or indirectly
being impacted by improper or nonexistent information. That is a
fact and is based on the performance of loan packages being successfully
closed and funded. Here are a few examples of that performance:
- Over 80%-85%
of all loan brokers and loan officers only go after less
than 30% of the available loan client market. It's a tragedy.
- The SubPrime
market, represents approximately 70% of potential loan clients,
and pays on average, 4 times more commission. The average "A"
paper loan pays 1-1½ points, while SubPrime pays an average
of 4 points.
- Over 65%
of all loan packages turned into underwriting, contains
incomplete forms, improper information, and wrong documentation
for the type of loan program it was originated for. Some loan
packages are generated entirely for the wrong program and never
would qualify. A epidemic exists.
- Fewer and
fewer loan professionals understand the entire lending process,
and fewer still understand even less when lending situations
deviate from the "A" paper cookie-cutter pattern.
- Less than
35% of all SubPrime loan packages ever get funded, because
very few brokers understand how SubPrime works, yet more loan
clients every year, qualify for SubPrime but will not for "A"
paper.
"Your
Future Earning Potential Is Secured
By Putting Into Action This Book's Information"
This book is for all lending
professionals that develop mortgage loan packages for borrowers.
The information packed book is complete and consistent with all
lenders expectations in all states. Never before, under one cover,
has all of the information appearing in this book been made available
on or off the Internet. Quite literally, your future earning
potential in SubPrime is dependent on your current training
and access to information to assist you in field situations that
borrowers present.
This book will give a tremendous
amount of important information that is up-to-date, and legally
correct. It will make a difference on How You
look at loans, lending borrowers and Your
success in "A" paper and SubPrime loans. You
will be exposed to the SubPrime market and their loans. The market
represents approximately 70% of all potential adult borrowers.
Yet only 20% of the existing people in our business, are reaching
out to it!!
These Pages Are Only A Small
Taste Of The Information Awaiting You
Page 39:
We will give You a new perspective and open
a window to a new world concerning loans and higher commissions,
based on our full, yet simple approach to the "3C's" of lending
that fund more loans.
Page 61:
Begin a very in-depth study of credit, examining the credit
habit of borrowers.
Page 71:
Review a credit report so that you will have a very grounded
understanding. How credit bureaus report negative information
as well as positive, what the differences are and why.
Page 91:
Begin to examine how lenders in SubPrime look at collections,
chargeoffs, judgments, bankruptcy, and late payments.
Page 103:
Find what the Ten Most Common Causes of Credit Report Errors
are.
Page 105:
Red Flags of Credit outlines conditions that underwriters
look for in all loan packages to detect any inconsistencies that
could spell trouble. Every major chapter in this book has a Red
Flag section persistent to the subject material of the chapter.
Page 125:
SubPrime allows these forms of income.
Find out all the forms allowed. It's different that conventional.
Page 145:
How to deal with the self-employed borrower. Find out.
Pages 165
- 266: Over 100 pages about collateral (property).
No, you don't have to learn how to do an appraisal but you definitely
need to be acquainted in how to read one. Why? Appraisals can
directly affect the Loan-to-Value of the loan if they aren't correct.
Examine the Table of Contents and see
for yourself. This section is awesome and powerful.
Page 275:
Learn how to calculate debt-to-income ratios. There are
over 30 pages jammed with information, examples, charts and forms.
Page 313:
Learn how to make the 1003 your best friend in your lending
career. Did You know that just on the
"1003 Loan Application," there are 67 ways to be ahead of 80%
of Your competition?
Page 341:
Learn about supporting documentation that is always required
in any loan package.
Page 351:
Gives details about the assets and funds necessary to close
the loan. There are over thirteen sources that can be considered
as funds for the closing. They are cash or cash equivalent. Do
you know them?
Page 364:
Lists the generic priority stacking order of the loan documents.
Unless the lender instructs you differently, this is the proper
order of documents for your borrowers loan.
Page 367:
Learn about escrow which is the forum in which loan documents
are signed and commission checks are cut. You want to get paid,
correct?
Page 391:
How to do simple calculations. It's amazing how we all
forget. At times, you'll need to make them. Here are simple formulas
for your use to assist you. Make your lending job easier with
these examples, charts and formulas.
Page 395:
All of the Red Flags of Lending for all the various subject
specific sections. This you will not find unless you work directly
for a lender.
Page 417:
Quality control is essential in "getting it right the
first time." You're whole focus is to make money and
have fun. You can't do either unless you operate with correct
knowledge. These check lists make short-order out of your responsibility.
Don't do another loan without them.
Problems arise when You
do not have answers.
This Book Gives You Those Answers!
When you understand alternatives,
then problems are merely situations that you have solutions to.
In fact, the more You fully understand Your
potential solutions, the more money You will
make on Your borrowers situations.
We will share with You,
the knowledge and experiences of other professionals who have
been successful by learning how to take full advantage of the
business that we are in.
Make
More Money By Having Solutions to Your Borrower's Situations
and Understanding Them
It is precisely the book's information
that sets it apart from any other reference book on the market.
NOW…examine the books "Table
Of Contents," and see how thorough and complete the information
is and why this book is must have for your continued reference.
Click Here to view the Table
Of Contents.
(The Table of Contents is a pdf file. To view
the file, you must have the Acrobat Reader installed on your computer.
If you don't, click below to obtain it.)
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