Atlantic Bay Mortgage Group’s Post

There is nothing better than reducing pipeline rates and letting clients know about it. There are a lot of brokers I follow on LinkedIn that I know benefit from the same system as we use. It’s a big admin job but why wouldn’t we do it as our objective is to leave clients in the most suitable outcome come completion time. If you are a broker and don’t do this, then it’s poor service. Long may the reductions continue. Liam Fontaine #mortgagespecialist

Does calling multiple agents help you? Not often. Example: Person is buying a building, needs a 6 month renovation, so needs a builders risk to cover the loan and existing property. I am quoting the builders risk with a good in-house carrier, I am conditionally approved with 25% credit in their best underwriting tier, underwriter says to me over the phone, just needs to go in there and clean it up. 2 hours later, another underwriter approves it for another agent worst pricing tier, with a 5% credit. Costing the client another $1200. Patience is a virtue.

Being Fully Underwritten is the best way to go for most buyers who may wind up competing against another buyer/s. For this Fully Underwritten letter, the buyer has submitted ALL of the required documentation and the underwriters have verified absolutely everything about this borrower. The buyers’ loan has been approved (to a specified dollar amount) and the underwriters are just waiting for an address, appraisal and insurance binder to close on the loan. All opinions expressed are my own, not of Windermere Real Estate. #realestatenegotiations #fullyunderwritten #loanapproval #preapproval #womeninbusiness #washingtonrealestate #woodinvillerealestateagent #hotsellersmarket #bullyoffers #compellingoffers #Offerreviewdates #realestateduediligence #realtalk #statsbykat #shadowhawknewconstructionBremerton #kathowardrealestate #realestate2024 #kingcountyrealestate #snohomishrealestate #kingcountyrealestate #snohomishcountyrealestate #snohomishrealestateagent #seattlerealestateagent #seattlelistingagent #funrealtor #woodinvillelistingagent #snohomishlistingagent

Know how to spot the most common real estate scams. https://hubs.la/Q02GkgHP0 #firstnationaltitleinsurancecompany #fnti #plano #dallas #titleinsurance #realestatescams #realestatefraud #wiretransferfraud #newmexico #texas #arizona

OMG! I have seen enough already!!! Title Agents: Three things about which you should never post... 1) Local news (nobody cares!) 2) Your recent award from your underwriter (absolutely nobody cares!) 3) A picture of the couple coming out of your closing room after signing (really... nobody cares!!) You have so much great (but buried) content in your organization--just talk to your people processing and closing these transactions. Talk to your sales team on the front line and ask them too. There are diamonds to be found if you take the time. Please stop wasting your time (and everyone else's) on bad content. If you disagree, DM me. I can take it!

Some smackin' tips by Joe Tomasello. Remember, you are the first filter to check things before sending over. The cleaner the faster! What can we get closed and funded for you today? stephen.salanitri@acralending.com

Although most client appointments are safe, sadly, in 2023, 75,000 Realtors reported being victims of a crime. National Association of Realtors (NAR) Realtor Safety Month is vital for real estate agents to learn how to stay safe and know which tools and resources can help protect them. Read on to learn more about Realtor Safety Month and some statistics, tools, and resources you can use to stay safe year-round at https://lnkd.in/dSmBHa_p #RealEstate #Realtor #Agent #Realtors #realestategoals #realestateagent #realinsights #realtorsgrowth #realtorssafety

Am I one of those "conservative underwriters?" If I have to answer Yes or No, then of course Yes. Has anyone ever answered No? Am I more conservative than I was ten years ago, one year ago, or yesterday? Yes. Does anyone answer No? So, what's the point? All of us THINK we are conservative, or at least claim to be publicly. (I recall a stat from high school along the lines of "80% of all drivers think they are better than average.") I would be arrogant and ignorant to claim that I am the most conservative GP, but I am certainly more conservative than some - at least me from years ago! I have been pursuing a #mobilehomepark for almost ten years. Seller had some major issues on their end and decided to sell. I offered a fair price, arguably an aggressive price. I wanted this #mhp. I know it. I have walked it. I am a large player in that market. Was my price conservative? Not really, but it was doable and reasonable and I was confident that I could make the business plan work at X price. I tied it up, woohoo. Then ... due diligence ruins it! Occupancy was lower; collections were worse; road bids were more expensive; the lagoon was quasi-failing; and more! What did I do? Did I just revise my "conservative underwriting?" Nope. Did I do the "honorable thing" and close the deal? No way. I "re-traded" the Seller. I don't enjoy this part. Who does? But, I did not want the deal bad enough to absorb $250k+++ of pain (on a sub $1mm deal!) So, I sent a large request for re-trade and gave it a go. Did it work? Nope. I had to then send a termination notice to get back my EMD, but I still lost thousands of dollars of pursuit costs. It is what it is, and I live to fight another day. Should I have "stretched" to get this deal closed? I don't think so. Sure, I lost out on my acquisition fee, my property management fee, etc. ... but, I'm not in it for the fees. I'm in it to turn around the community and add massive value - for the residents, and yes I get paid if and when that happens. Would you have closed it for the fee? Do you think others would? Do you think this deal will come back around later?

How to Spot Fake Real Estate Sellers and Avoid Real Estate Fraud

Multifamily leasing fraud has risen by more than 40% since 2023, leading to an increase in property damage, reputational harm, evictions, and loss of good residents. This alarming increase is forcing many operators to rethink their screening/risk mitigation strategies and RealPage is leading the way in helping protect residents, site staff and revenue. #multifamily #fraud #propertymanagement