{"id":1382,"date":"2007-05-03T23:46:44","date_gmt":"2007-05-04T06:46:44","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1382"},"modified":"2007-05-03T23:50:47","modified_gmt":"2007-05-04T06:50:47","slug":"fha-streamlined-refinance-loans-originators-git-you-some","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1382\/fha-streamlined-refinance-loans-originators-git-you-some\/","title":{"rendered":"FHA Streamlined Refinance Loans: Originators, Git You Some !"},"content":{"rendered":"

Loan originators, subprime mortgage blues got you down in the dumps? Let’s talk about a way to get your pipeline phat<\/a> again. I’m going to give you a step-by-step plan to start, what Todd Duncan calls, the 90-day burn<\/a>. If you follow these steps, and you don’t close 10 loans in the next 90 days, quit the business<\/strong>.<\/p>\n

I’ve long been a believer in campaigning<\/a>. A campaign is where you focus your promotional and sales efforts on a particular product type. The benefits of campaigning are astounding. You crank up the action volume (calls, door-knocking, mailers, e-mails, etc.) so SOMETHING happens. You learn a specialty because you must study the product to campaign. Consequently, you close a bunch of loans and half of them won’t be related to the campaign. Don’t worry about that.<\/strong><\/p>\n

Step One<\/strong>: Learn the FHA streamlined refinance guidelines<\/a>. This loan program is designed for the greenest originator. I cut my teeth on this product when I started in the business. No credit scoring, no income documentation, and a current mortgage and you get an approval.<\/p>\n

Step Two:<\/strong> Find a bunch of FHA loans . I’d call your favorite title company and get a list of HUD loans, closed within 10 miles of your office.<\/p>\n

Step Three:<\/strong> Go on a mission. Go forth and communicate to these homeowners about the FHA streamlined refinance program with the zeal of a newly ordained priest. This is your career your fighting to save so pull out all the stops. Mail a postcard, call the customers (if they are not on the do not call list), even go so far as to knock on their door and hand them your card while explaining that you are an FHA streamlined refinance expert. If you are not an expert, dedicate three hours to this loan guidelines link<\/a> and you’ll be one.<\/p>\n

Step Four:<\/strong> Track your activity items. You should be able to talk to 20 people per day within the first 60 days. You will have Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Loan originators, subprime mortgage blues got you down in the dumps? Let’s talk about a way to get your pipeline phat again. I’m going to give you a step-by-step plan to start, what Todd Duncan calls, the 90-day burn. If you follow these steps, and you don’t close 10 loans in the next 90 days, […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1204,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1204\/ask-the-broker-how-does-a-lender-ae-get-business-from-a-mortgage-broker\/","url_meta":{"origin":1382,"position":0},"title":"ASK THE BROKER: How does a Lender AE get business from a Mortgage Broker?","author":"Brian Brady","date":"March 24, 2007","format":false,"excerpt":"We received an inquiry today : I am a Wholesale Lending Account Executive and work for a bank. After the subprime market plummeted, it has been hard for me to get loans from mortgage brokers. What do you think is the best route to re-pump loans back in the pipeline,\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1356,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1356\/subprime-loans-disappeared-learn-how-to-be-a-hard-money-loan-broker\/","url_meta":{"origin":1382,"position":1},"title":"Subprime Loans Disappeared? Learn How to be a Hard Money Loan Broker","author":"Brian Brady","date":"April 27, 2007","format":false,"excerpt":"Loan originators who have based their business on subprime mortgage products have been feeling the pinch in 2007. Private mortgages or hard money lending may be the solution to your problem. Four originators gathered with three hard money lenders in our podcast. The Lenders: Mitch Zeichner (310) 948-2622 Mitch represents\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3015,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3015\/realtors-are-important-to-an-originators-successsort-of\/","url_meta":{"origin":1382,"position":2},"title":"REALTORS are Important To An Originator’s Success…Sort Of.","author":"Brian Brady","date":"April 25, 2008","format":false,"excerpt":"Loan originators are taught to develop REALTOR relationships. While development of those referral relationships is important, I've seen originators waste time and money on unprofitable \"partnerships\". This initial article, in my new series about REALTOR marketing, will explore how to quantify the referral relationship to more efficiently understand how to\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1964,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1964\/can-the-nar-improve-a-buyers-financing-experience\/","url_meta":{"origin":1382,"position":3},"title":"Can the NAR Improve a Buyer’s Financing Experience?","author":"Brian Brady","date":"September 23, 2007","format":false,"excerpt":"Realtors have to stop complaining about the sorry status of the lending industry. Why? They have the power to make a difference but refuse to take action. I have often heard the Realtors' cry for licensing of loan originators and a plea for lending advisers to adopt a fiduciary capacity\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9723,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9723\/why-your-fha-decision-engine-approval-gets-denied\/","url_meta":{"origin":1382,"position":4},"title":"Why Your FHA Decision Engine Approval Gets Denied","author":"Tony Gallegos","date":"September 11, 2009","format":false,"excerpt":"The occurrence of FHA loans receiving an FHA TOTAL Scorecard approval and subsequently having the loan denied once it hits the underwriter\u2019s desk is happening more and more. It\u2019s a reality the field must acknowledge and from what I have seen, the good originators have taken note and have adjusted\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1319,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1319\/when-banks-compete-you-lose\/","url_meta":{"origin":1382,"position":5},"title":"When Banks Compete, You Lose","author":"Morgan Brown","date":"April 19, 2007","format":false,"excerpt":"Brian Brady wrote a great series of articles on how to obtain the best mortgage loan by shopping for a mortgage originator first, and then the loan second. His brilliant advice is a bit counter-intuitive but dead on. If you are considering shopping for a mortgage by using the internet,\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1382"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1382\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}