sales meeting in a box september 2015. enriching lives through a dedicated commitment to home...
TRANSCRIPT
What can I do with my EmpowerPoints??EmpowerPoints can be used to purchase Eagle branded items
available on the EmpowerPoints site.
What are EmpowerPoints??EmpowerPoints is a way to reward your teammates
when they provide excellent customer service. When you see a co-worker living the Vision, Mission or Primary Principles, log into EmpowerPoints and award them with
EmpowerPoints.
How do I Get Started??>> Visit: www.empowerpoints.com
>Create an Account>Start awarding and redeeming points
Best Idea
Did you know??
You can earn 5 EmpowerPoints for your Best Ideas!
All you have to do is submit your Best idea to:
We look forward to hearing from you!!
Quarterly Focus
In addition to all your best ideas, we are going to focus on
Communication
& Marketing
Let us know how you feel we can improve as a company!
How do you want to receive
information?How do you
market during the 4th quarter?
What are your marketing ideas?
Top 5 Branch Volume
Puyallup $23,400,901Eagle $15,400,426Tigard $15,370,600Reno $14,500,274
Bellevue $11,670,749
Top 5 Loan Officer Volume
Julee Felsman $8,427,656Ted Buchanan $6,585,339
Bryan Laflamme $4,554,864Dave Skow $4,250,765Rick Dennis $3,376,246
Top 5 Loan Officer Units
Julee Felsman – 32Ted Buchanan – 19
Bryan Laflamme – 18Don Mackay – 14Jenny Lack - 13
Top 5 7 Processors
Marcia Guerin 30Tara Hanson 26Stacy Nolan 25Mary Koole 25Ashlie Smith 25
Kim Stec 25Laurie Kindel 25
Conversion of principal residence to
investment or second home• Follow new Fannie guidelines as announced in
Fannie bulletin 2015-07
• Appraisal is no longer required to document 30% equity
• Reference Mortgagee Letter 2015-07
Chase non-conforming guidelines
Substantial changes to Chase guidelines including:• Enhanced and simplified LTV table
• DTI ratio maximums are more detailed• Additional option for minimum credit requirements
• Additional option for rental income reserve requirements
Programs fixed 6303ARMs 6301, 6337, 6338
I/O ARMs 6302, 6339, 6340:
Freddie Mac Conventional Conforming Loans
Revolving credit accounts that are paid off to zero, in order to qualify, no longer must
be closed
Program 2160
Continuing EducationHow is your CE coming
along???
You will have from June 15th through September 30th to complete your
required hours.
The race is on…
Helpful Hints
From Operations
QC Audit Results – April 2015The types of loans reviewed in the audit included 10% of
Conventional, FHA and VA Loans. A sampling of the loans are Cancelled/Denied, Brokered, Pre-Funding, Discretionary or Random
As a company, we are required to address any area that has an error rate over 2% along with submitting an action plan of how to prevent future occurrences
Please focus on all exceptions over 2% and help eliminate these from reoccurring in the future!!!
Underwriting Updates
• See actual new excerpt from 4000.1 on the following page• Family members can still remain on contract and not be a
borrower• Only borrowers can sign the purchase agreement (means
NPS or other parties not on the loan cannot hold title to the property)
The 5/8/15 buzz content bulleted below has been amended by FHA
FHA Single Family4000.1: FHA Single Family Housing Policy Handbook
II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENTA. TITLE II INSURED HOUSING PROGRAMS FORWARD MORTGAGES (09/14/15)
1. Origination/Processing (09/14/15)a. Applications and Disclosures (09/14/15) E) Sales Contract and Supporting Documentation (1) Sales Contract (a) Standard The Mortgagee must not originate an insured Mortgage for the purchase of a Property if any provision of the sales contract violates FHA requirements. The Mortgagee must ensure that (1) all purchasers listed on the sales contract are Borrowers, and (2) only Borrowers sign the sales contract. An addendum or modification may be used to remove or correct any provisions of the sales contract that do not conform to these requirements.
The Family Member of a purchaser, who is not a borrower, may be listed on the sales contract without modification or removal
Don’t forget to check out theTRID Toolkit!
The components of the TRID Toolkit include:
Landing Page/Microsite (http://home.eaglehomemortgage.com/TRID)
3-Minute Video HTML Email Invitation to Lunch ‘N Learn PowerPoint Presentation
If you see a need for a class that isn’t listed – reach out to Amy Lind
Visit the training calendar today:>UAMC Portal
>Training Resources>Training Calendar
Training
Calendar