Zillow Advice: Mortgage - wholesale lender sheets

2 things to remember:1) If ...

Sun, 21 Jun 2009 16:38:00 GMT

2 things to remember:

1) If the loan was origiatned by a Broker, the HUD-1 would reflect the pricing from the wholesaler on the HUD-1.

2) If you were my client, I would have nto problems showing you the rate sheet and allow you to select any rate on the sheet. However, my compensation would already have been disclosed and agreed upon. Remember, if you see 1 CONV ratesheet, you have kinda seem them all given minor/minor/minor pricing differentials. We and they do all drink from teh same feeder streams...
3) If the loan is originated by the Lender that actually FUNDS the loan, there is not a wholesale sheet and you will never know the "proce" o f your labor, but at the end of the day, a borrower is looking and needs the best value (service, expertise, guidance, product and rate). If that was what every borrower demanaded in the past, we would have 1/5th of the problems. Many borrowers demanded to be mislead with the hopes of getting the best deal ever and terms that simply could not be true over the long haul.

Find a good LO. Interview him/her. Trust him/her or fire them and find one you want to employ because that is what you are really doing, so why employ a thief, punk or idion. Good luck to you and all needing mortgage help. In Florida, we are required to disclose/redisclose the lock (wholesale ratesheet) terms as part of the Godo Faith.

Reading into your question, ...

Sun, 21 Jun 2009 15:57:00 GMT

Reading into your question, if your loan request is "average" and you post a loan request on Zillow, you should receive at least 20-30 responses instantly.

You can quickly see where the market is at. This is the closest you will get to a rate sheet and will confirm if you are getting the best rate you can.

Rate sheets are not intended ...

Sun, 21 Jun 2009 05:22:00 GMT

Rate sheets are not intended for the public. Anyway, if you did get a rate sheet, you'll have to know how to read one.

Many adjustments might need to be made.

They are used for the sole ...

Sat, 20 Jun 2009 23:51:00 GMT

They are used for the sole purpose of other lenders and not intended for the public unless you are a licensed broker.

Best Regards

Not that I am aware of...why ...

Sat, 20 Jun 2009 21:10:00 GMT

Not that I am aware of...why do you need it?