Profile picture for Jay McGovern

Jay McGovern

Lender

Mortgage Loan Officer (12 years experience)

Specialties:
Purchase Loan,
Refinancing

Advice

  • (90 Contributions,
  • 0 Best Answers,
  • 14 Helpful)

Contributions are sorted newest to oldest.

Any lenders out there using (or used to use) Optimal Blue to auto-quote on Zillow?

Response

I use optimal blue for my pricing engine, but I think to integrate it with loansifter it runs about $400 a month for unlimited quoting, which is way to steep for me.  I just update my rates from one lender, have all the adjustments built in, and have my auto-quotes go out that way.  I'd give you the name, but I think the Zillow powers that be would call that a solicitation.

  (0)
IRS Lien

Answer

As my five year old would say, OMG.  The lien is for a million and they are paying via social security check deductions.  Are they paying like $400 a month on the million?

  (0)
IRS Lien

Answer

Steve,I don't know of any that would lend right now with a small lien that is being repaid.  I could be wrong, but I believe if the IRS attaches a lien to the property it will be given first position and would in your case probably push the ltv over 100%.

  (0)
NEW: Zillow Mortgage Marketplace(ZMM) Mystery Shopping program

Response

Norm,I was under the impression that even if you were doing a no closing cost loan and paying all the borrowers fees (not just lender fees) you still had to put an appraisal in the lender fees.  I would like to see you be able to actually put a negative amount in the lender fees if you were giving the borrower an additional credit beyond what the lender fees are going to be.

  (0)