Darin Osenberg

Okay, we know Jeremy Blanton and other hardworking RAINER staff members are WORKING on this horrible SPAM ISSUE, but now it is starting to get ridiculous! I am expecting Zombies to come busting in any moment looking to eat my brain & get a loan modification! Clearly they have a great hardship and just need a little help with their LOX!

Before you read on....please watch the following training video...

And now for something completely different......

First, the Bad news....

I received this today!

"Hi everyone. Cheerfulness, it would appear, is a matter which depends fully as much on the state of things within, as on the state of things without and around us. I am from Comoros and know bad English, give please true I wrote the following sentence: "It also has a light sensor that inverts the color making it visible in all light settings." With best wishes ;-), Abira.

Good news...I got 10 points! Woooo hoooooo..I showed those horrible foreign Spammers!

Then I got this....

"Sorry. Everyone wants to be Cary Grant. Even I want to be Cary Grant. I am from Denmark and now teach English, tell me right I wrote the following sentence: "Next day delivery and free returns on most items." Thanks ;). Pleasance."

Totally sweet...another 10 points! - Oh, and I do not want to be Cary Grant..but thanks anyway Pleasance!

My friend SPAMMY here is a little TOOOOO happy...I think he has been "smoking the google juice".

So Bob, Jeremy,Brad & team...what are you actually doing to curb this horrible infestation of spam?

In these very uncertain times we call a "Mortgage & Realestate Crisis", I get SO excited when I think I have another comment...(wait another 5 points or so), or better yet some PORN SITE from Denmark asking me USDA LOAN questions...that I almost jump out of my skin..

And Abira, are you selling Light Sabers or Sex toys? Wait, I know, it is a flashlight right?

If you guys keep this up, I am going to get PISSED OFF and have my Dad kick your ass!!!

Can't we just keep talking Mortgages, and how hard they are to get?? Please?? Oh, and why FHA guidelines dont mean anything! Oh, and is there any POSITIVE DATA SOMEONE CAN BLOG ABOUT regarding housing? Come on, there has to be!!!!!

I did forget that Mortgages are SO EASY A CAVEMAN CAN DO THEM!-

Sometimes, I dont think these comments are real...and maybe that Jason Sardi is playing a trick on me.

However, I know they are real, because I get points for them!

I also think Strippers like me for my cologne!- wait...sorry...exoctic dancers! I didnt mean to be insensitive!

I am going home now, but I will leave you with the Grand Daddy of them all....

Good morning!. I am from Andorra and learning to write in English, tell me right I wrote the following sentence: "Cash advance loans provide people some extra short term cash in between paychecks without having to lay themselves open to revolving debt." With love 8-), Long.

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BRILLIANT!!!! REALLY? THANK YOU ANDORRA errrrr LONG... Don't we NEED a paycheck in order to get an advance on it? And what exactly are you laying open?? Love & kisses -) Short

People, please send me referrals! I need to eat...and I am sick of spam! I am only getting one food group right now, and that is not good!

Remember.................report your concerns! :)

The Learning is in the THREAD & always be Major League!

UDPATE#1- Why is my category button not sticking? Everything else stays in draft mode, but the category deletes?? Any ideas everyone??

Happy Selling!

Thanks! Buckster R Buckster

-Darin-

As always, I welcome your concerns,comments,issues and suggestions! Krovy@aol.com You can subscribe to my blog by clicking HERE, or by clicking on the ICON below!

Feel free to check out a few of my more popular blogs by clicking on the links below!

Screw the Mortgage Business I am going to Mascot School!

Return of Bloggie Latest USDA MEMO Susie the Duck Successful HVCC story

For Sale Signs Home Improvement Shows Hijacking is a NO NO! Undue Influence & the HVCC

Mortgages, so easy a Caveman can do them! HERA RULES Bloggie the new AR Mascot

Open House Suggestions Open House Suggestions 2 Golf Outings Wall-E

USDA Loans

What do I need for Pre-approval? Buying a Fixer Upper What is a pre approval?

What is a search & hold and why dont we use them?

"Please email me prior to linking or soliciting a product or service on my blog" - The Management

After reading the FEATURED blogs the last couple of weeks or so...I have been disappointed, happy, eager, discouraged, and every other emotion that I can/cannot think of right now! That said, I truly believe that if you are going to AUTHOR A BLOG, especially a Contraversial one, then you should take the time to appreciate the commentors, and respond within the thread! THAT IS WHERE THE LEARNING & EDUCATION TRULY HAPPEN!

Now, I am not saying to drink the "purple kool aid" like the Viking Fans are right now thinking Brett Favre is going to save the day!

What I am saying though is that the LEARNING IS IN THE THREAD!

Let's say a LENDER does a post on FHA loans..and that post inspires someone to ask a question within the COMMENTS about a specific home or loan scenario....If that lender doesn't ANSWER the question, it just "hangs there in limbo!"

A teaching moment just came & went! - bye bye

Now, let's say a REALTOR talks about a new announcement put forth by the NAR in their blog....and NOT ONE LENDER comments about how that announcement actually affects getting a mortgage loan.

A teaching moment just came & went! - bye bye

Finally, let's say a Lender does a blog on USDA Loans, and in the thread a REALTOR comments that "the reason that they don't do many of them in their area is because it takes too long to get a home inspection done, or that home inspections are killing their deals."

If the AUTHOR doesn't respond that HOI's are not REQUIRED on USDA loans...once again..another teaching moment has been lost!

why???????????- Because you didn't have the time?

Though I have not been blogging that long, I do see the importance of responding to ANYONE who comments on my blogs! I have made friends, enemies (no, not really),business partners, great aquaintances, great referral sources, and overall a LARGE # of contacts thru Active Rain & blogging...but many of them through the comments, not the actual blog itself. It always befuddles me as to why someone take the TIME in this market to put together such a technical and wonderful blog, but then doesn't have the "time" or "courtesy" to respond to the commentors! IN MY BOOK, that is a VERY BIG mistake! Almost as big as not marketing every day...but that's another blog! :)

We all blog for different reasons!

We blog to gain customers,referrals,credibility,notoriety,a local presence, vanity,ego,google juice, and all kinds of other reasons, but I would hope the #1 reason is to help people, both customers and people within our industry!

Personally, I view blogging kinda like "planting a seed". Sometimes you have to plant quite a few before a tree or plant grows! Your business is quite similar, and bloggins should be/ and in my case is, just another part of it!

Are you Johnny Appleseed?

I have found that responding to the commentors plants LOTS OF SEEDS! I get at least 1 question per day from people all over the United States about USDA loans! Not always because of MY BLOGS on USDA loans, but because of my COMMENTS on other peoples blogs! If you dont believe me, just look at your PROFILE VIEWS on your statistics page! That tells the tale! How many have you had?

I think that if someone takes the TIME out of their day to comment on YOUR blog, you should have the courtesy to respond, let alone the wisdom to learn from it!

-Remember-

The Learning is in the THREAD & always be Major League!

Happy Selling!

Thanks! Buckster R Buckster

-Darin-

As always, I welcome your concerns,comments,issues and suggestions! Darin@Osmwi.com

You can suscribe to my blog by clicking HERE, or by clicking on the ICON below!

Feel free to check out a few of my more popular blogs by clicking on the links below!

Screw the Mortgage Business I am going to Mascot School!

Return of Bloggie Latest USDA MEMO Susie the Duck Successful HVCC story

For Sale Signs Home Improvement Shows Hijacking is a NO NO! Undue Influence & the HVCC

Mortgages, so easy a Caveman can do them! HERA RULES Bloggie the new AR Mascot

Open House Suggestions Open House Suggestions 2 Golf Outings Wall-E USDA Loans

What do I need for Pre-approval? Buying a Fixer Upper What is a pre approval?

What is a search & hold and why dont we use them?

"Please email me prior to linking or soliciting a product or service on my blog" - The Management

Proudly serving the entire State of Wisconsin since 2003!

To anyone reading this blog, visit www.cancerfuture.org to hear the story about one of our local Business owners, and long time residents! Please help if you can!- Thanks!

Okay, today the preverbial "Straw that broke the camels back" hit me...so here is why, and my advice to the "Ruling Class" out there! Folks- Forcing things, threatening, having your Manager call, or just plain being a Bull in a China Shop no longer works today! All it does it create more problems, animosity, and stress! It gets WORSE when this is passed on to the customer!

I have some absolutely CLASSIC qoutes coming in here...but will try NOT to be VERBOSE!

( call or email Jason Sardi for a definition of verbose LOL )

I got this comment today from a Realtor:

"I, too, have closed dozens of USDA loans with different loan
officers and have never had a hold up like this."

Now I ask you, does she read the paper, watch the news, follow ANYTHING on Active Rain, let alone follow her own industry?

6/2/09 I did a blog on the new HERA law & rules. - 14 comments

Why are people worried now? Because it has now taken affect! Do you clean your teeth? Or, wait for the Cavities to hit?

5/15/09 I did a blog on the new 4506T issues and the future problems that will result! - 6 comments

This is a form that is being executed on nearly every loan. Why are you surprised that it is causing delays? Everyone has known about it!

5/1/09 I did a blog on WHAT A 4506T tax transcript request form ACTUALLY IS! 11 comments

I got asked by a Realtor that has read my blog, what this form is. I was flabbergasted, but politely answered again. So I ask you, do you really want education from us lenders or not? THIS IS WHY A LENDER PARTNER is VERY IMPORTANT!

On 12/9/08 I did one of my very first blogs, albeit not very good..on relationship building! - 5 comments

I have gotten MUCH better at blogging since, but the message remains the same...do you wonder why there are arguements between us?

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Wake UP people!!!! It doesn't matter if you have sold Realestate for 30 years or 3! What was okay then, is NOT OKAY NOW! We as lenders, have LESS control, and walk a very thin line with our funding sources! What will you do with your buyers when there are NO lenders left?

Today- Martha Brown has a featured blog on what went wrong on one of her blogs! In her case, it was "THREAD DIRECTION". Not really her fault...but look at how it turned!

Personally, I dont think ANYTHING went wrong, it is just indicitive of the differences still remaining between Lenders and Realtors! Sadly, it is also like the RACE CARD and it is pissing me off!

Miriam Bernstein wrote a blog on 4/4/09. JUST READ for a moment the comments left, and the direction given in the blog and judge for yourself! Was this a positive reflection on Lenders? 254 comments says this is a HOT TOPIC! Wouldn't you agree?

Jeff Belonger did a BLOG and was pretty clear in the points that he made that Realtors should sell homes, and lenders should lend money! He was less blunt, but you get the point?

Here's a good one too from Ken Cook!

Janet Guilbault even has a NEW blog today on this very subject, and it is my guess it will get featured! She has also done OTHER blogs where Realtors commented and she was attacked, maligned, and basically told she was an Ogre! Just read the comments on any of these:

Blog 1 Blog 2 Blog 3 Blog 4

#2 especially is good! and, she did get featured!

I got this comment from a Realtor the other day:

After giving the LISTING AGENT daily status updates on appraisal, etc..etc..etc..and I have 11 emails from her telling me that I am the ONLY Lender that has communicated with her like this EVER in her career..and this is what I got when we put off a closing from 4pm Friday to 2pm Monday. Before you get your UNDERWEAR in a bunch, please note that the property is in a TRUST and the seller is in a Nursing home. Her daughter is NOT on the contract and has no right to any information regarding the closing! Lastly, it was put off due to the 4506T getting rejected by the IRS 3 times!

This was the subject line on the email: "Why the hell didn't you e-mail me at 9:30AM?"

This was the body of the email: "Darin: You are in hot water and making me look bad. My Seller's daughter is PISSED OFF. I want you to call her now and explain this so I am not on the hot seat. ........ The Seller is an elderly woman who is a nervous reck about this and they are angry at me!! Now I have to take everything back that I said about you before and you shouldn't pressure people to set up closings 2 weeks in advance and then not follow through!!!

#1. The OTP has a scheduled "on or before date of closing", WE DON'T SCHEDULE closings! Realtors do!

#2. Why should I talk to someone about loan specifics who isn't involved in the deal or has a right to know? Fact is, I won't! But, in this case, I listened to the daughter tell me, and I qoute, "YOU ARE KILLING MY MOM"- I dont know what to say about this..

#3. VERY IMPORTANT TO NOTE: I told them this was a problem 3 days before hand...this did NOT come up at the last minute. However, as you can see, she was surprised! HUH??

Loan closed, customer was THRILLED with our service...(conventional loan closing in 27 days with an HVCC appraisal), and she has already referred me another customer!

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Looks like I failed at being NOT VERBOSE! SORRY!

ALL IN ALL, we as lenders will no longer stand for mis-treatment, disrespect, threats,and the overall abuse we have taken in the past! Calling my boss will not help! Calling the USDA or the IRS will not help! Threatening me to "never send me any business again" will not help! In almost every case, I could have thrown the REALTOR under the bus, but I chose the high road instead!

You buy & sell the house, and I will handle the financing!

REALTORS- You truly need to decide if you want/need education or not!!! Being positive, objective, willing to accept change, does NOT MEAN you have to accept incompetence, and that is where I could not agree with you more!

****PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE****

Let's work as a TEAM out there...it is hard enough. I certainly don't want to be a VAMPIRE or LYCAN!! (werewolf)- that is a BLOOD SUCKER or Cybil! :) - personality changer! LOL

You have every right to fire me if you dont agree! I reserve the right to fire you for treating me poorly and unprofessionally.

Happy Selling!

Thanks! Buckster R Buckster

-Darin-

As always, I welcome your concerns,comments,issues and suggestions! Darin@Osmwi.com

You can suscribe to my blog by clicking HERE, or by clicking on the ICON below!

Feel free to check out a few of my more popular blogs by clicking on the links below!

Return of Bloggie Latest USDA MEMO Susie the Duck Successful HVCC story

For Sale Signs Home Improvement Shows Hijacking is a NO NO! Undue Influence & the HVCC

Mortgages, so easy a Caveman can do them! HERA RULES

Open House Suggestions Open House Suggestions 2 Golf Outings Wall-E USDA Loans

What do I need for Pre-approval? Buying a Fixer Upper What is a pre approval?

What is a search & hold and why dont we use them?

"Please email me prior to linking or soliciting a product or service on my blog" - The Management

Proudly serving the entire State of Wisconsin since 2003!

To anyone reading this blog, visit www.cancerfuture.org to hear the story about one of our local Business owners, and long time residents! Please help if you can!- Thanks!

Home of Susie the Duck, the cozy little bedroom town of Lodi Wisconsin is located just north of Madison, Wisconsin. Lake Wisconsin to Gibralter Rock, the natural landscape surrounding Lodi affords beautiful views to the hiker or biker. (of any type) Right across the Lake is Devils Head Ski & Golf Resort, which also offers awesome mountain bike trails, fantastic Golf, and great lodging. Lodi Wisconsin is known the world over for being "Home of Susie the Duck". Hence, this weekend, we are hosting "Susie the Duck days", with the theme of "DUCK INTO LODI."

There is a great little parade starting at 12 noon on Saturday, August 8th!

Other activites include:

Fifth Annual AUTO SHOW

Beer Tent

Live Band

All kinds of Kid's games in Goeres Park

Food

And the Crown Jewel.....The DUCK DERBY pulled from Spring Creek at 4pm!

Click here for a full schedule of events!

This is an AWESOME, FUN, FAMILY activity that..oh by the way...is FREE!!

If you are a first time visitor, be sure to take a ride across the Wisconsin River aboard the Colsac III, Wisconsin's only free auto ferry. You can spend the day seeing the sights, visiting attractions, or visiting with the interesting people and return to Lodi's peaceful hotels, motels, Bed & Breakfasts, or campgrounds to relax in front of a campfire, or hang out at a local supper club and enjoy Wisconsin's favorite cocktail, the Brandy Old Fashion!

There are many great places to eat, and summer activites abound!

And don't forget the Friday night FISH FRY!

Please visit!

-Darin-

As always, I welcome your concerns,comments,issues and suggestions! Darin@Osmwi.com

You can suscribe to my blog by clicking HERE, or by clicking on the ICON below!

Feel free to check out a few of my more popular blogs by clicking on the links below!

Return of Bloggie Latest USDA MEMO

For Sale Signs Home Improvement Shows Hijacking is a NO NO! Undue Influence & the HVCC

Mortgages, so easy a Caveman can do them! HERA RULES

Open House Suggestions Open House Suggestions 2 Golf Outings Wall-E USDA Loans

What do I need for Pre-approval? Buying a Fixer Upper What is a pre approval?

What is a search & hold and why dont we use them?

"Please email me prior to linking or soliciting a product or service on my blog" - The Management

Proudly serving the entire State of Wisconsin since 2003!

To anyone reading this blog, visit www.cancerfuture.org to hear the story about one of our local Business owners, and long time residents! Please help if you can!- Thanks!

Well, within the last 72 hours, I have had 2 SUCCESSFUL appraisals fall within the HVCC guidelines!

They have both been delivered at/or above the purchase price, and we are "ROLLING ROLLING ROLLING!"

I thought with ALL THE NEGATIVE publicity it has been getting, I would give the HVCC some solid PUB!

Even though my friend Rowdy here is still a little doubtful, I am confident we can overcome this HVCC issue.

In the two examples I am about to give, one was ordered thru the WELLS FARGO system, and the other through the Bank of America system! To clarify too, the system MIGHT work a little differently for a Mortgage Banker, Bank, Vs. how it works for us brokers! However, this will give you all some insight as to HOW the system works, or as many will tell you, doesnt work! :)

Story 1-

Wells Fargo uses a 3rd party company called RES DIRECT. They can be found at www.res-direct.com

This appraisal was ordered, done, and uploaded in less than 7 days!

Our company, a broker, has to set up an account with them, then go online, and order the appraisal. Here is where it gets sticky tho....the CUSTOMER HAS TO PAY ONLINE OR BY CREDIT CARD! We are also given a "price" at this point right online so we know what to PREP the customer for! However, we NEED THEIR CREDIT CARD INFO in order to order this! Yikes!...yet another opportunity to get into trouble huh?

The 3rd party company, RES DIRECT, then "farms out" the order to one of 2 appraisal companies. LSI, or Rels Valuation.

We have to then FAX A COPY or email a copy, of the PURCHASE AGREEMENT to a completely DIFFERENT PHONE# or email address!

We then give them a due date, or time frame in which we need the appraisal, and they go to work at finding an appraiser to get it done!

All through the process, we get email updates or status reports sent RIGHT TO OUR EMAIL INBOX! These are actually pretty SWEET, because we know when the order was received, contact was made, a day & time has been set, and when we can expect to have the appraisal uploaded into the system. In addition, they put notes on the system to let us know if there is a problem, or any other kind of special "needs" or "requests" that they may have! For example, listing or zoning information, special flood areas, etc..etc..Truthfully, in 20 years, I haven't received this much followup contact with ANY appraiser!

Wells Fargo then receives the appraisal directly, and at THAT POINT, if we have an issue with the value, we NOW CAN TALK TO THE APPRAISER as we know who it is, and we can follow the procedures put forth by the company on debating value or debating "issues" that came up with the appraisal! Thought behind it is that value has already been established, and UNDUE INFLUENCE cannot affect the outcome!

Story 2

Still waiting for appraisal to come back, but was ordered 7 days ago, and appraisal was DONE 2 days ago, but the LISTING AGENT wont get back to the appraiser with questions regarding title & ownership! Hence, we should have had it by now!

Similar to Wells Fargo, Bank of America allows us to order the appraisal online! In fact, there is a dropdown tab RIGHT within our companies PIPELINE on their website! We click on it, type in a whole bunch of information, and again.....CALL THE CUSTOMER AND GET THEIR CREDIT CARD information, and bang....the appraisal is ordered!

ONE HUGE difference here though is that we as a LENDER, STILL HAVE TO GO IN once the appraisal is done, and UPLOAD the appraisal to the underwriter assigned to the file! Kinda dumb don't ya think that a company as LARGE as Bank of America cannot retrieve their own appraisals?? I think so...

The ordering system was a little easier than that of Wells Fargo, and again, we received followup emails every step of the way!

In BOTH CASES I am fairly impressed & not bad turn time!

In Summary

Much like LENDER OVERLAYS on loan programs, there are also what I refer to as HVCC overlays as well! In other words, NOONE truly understands the "rules" regarding HVCC compliance so many just say talking is a "no no" and leave it at that. It is the midsize Banks & Mortgage Bankers etc...that MAY incorporate some of the "new" changes, but companies like Wells and others tend to set the standard! It all truly depends on if the FUNDER/LENDER wants to take or share the risk!

The HVCC is not something to be afraid of, but you DON"T have to be happy about it, or embrace it either!

Reminder#1.- FHA,VA, & USDA LOANS are NOT SUBJECT to HVCC rules, period!

Reminder#2. - You can talk to the appraiser (both lender & realtor) AFTER the appraisal is done and value has been established and accepted.

Reminder #3.- There is a "challenge" system in place at nearly ALL 3rd party HVCC companies! Learn it, ask questions about it, and follow the rules to a T!!!

Reminder #4.- Always have the words "UNDUE INFLUENCE" in the back of your mind! If you "THINK" what you are saying is wrong, it probably is!