As a company, we provide breakfast and a "mortgage minute" to a large Prudential Real Estate office. We are one of three mortgage companies that rotate this privilege :) For this reason, we are always looking for ways to make it more interesting.
Since today was election day, we decided to have a debate.... it was hilarious and definitely memorable. Here are a few highlights.
Obama (aka Jeremy) was quite cool under pressure with a few hilarious comments thrown in. Romney (aka Jon) started out by handing out dollar bills offering to buy their votes.
Special Agent Ryan
Obama making his point. Or it may be when he sang to the audience.
Special Agent Cameron
Romney explaining that he doesn't care about 47%. His goal to get 53% of Americans into homes.
Special Agents Bliss and Charles. I don't think I'll give up my day job just yet.
I've been hearing an ad on the radio that has me concerned - "Zero down. Buy a home and make $5,000- $15,000 in 30 days. Get in, get out, get rich" You would have thought we learned a lesson over the past year... so I am assuming this is a get rich quick scheme that will leave people with less money and no house.
We definitely are seeing values increase in our area pretty quickly and this type of advertising is VERY bad for our industry. The ad also states they can do this without the help of a Realtor. Another scary thing.
Because of this, we took the opportunity this morning at a Realtor sales meeting to cook a pancake breakfast and do a little training on flipping rules. I picked up pancake mix and spatulas at the dollar store to go with our handout. This was a great hit with all the agents and the broker. No Realtor wants to start a deal and have it not close because of loan rules they or their buyers did not know about.
Here is the content of our flyer. We realized after the fact that we did not mention that properties owned by federally chartered institutions (FHA, FNMA, FHLMC, Banks, Credit Unions) are exempt so I sent an email out after with this info.
Under 90 Days No financing available for
FHA, FNMA, FHLMC.
under Temporary guidelines, financing may be available as long as the home does
not increase over 20% of acquisition cost.
2nd appraisals may be required. It is possible to go over 20% per:
underwriter discretions. (This is a rare
91 days to 180 days Financing available for FHA
to watch out for:
price is increased by over 20%. “2nd
appraisal may be required ” Underwriters Discretion on strength of appraisal.
180 days to 360 days financing available for FHA,
Every other Tuesday my company provides breakfast for sales meeting at Prudential Real Estate. We have been trying to make things a little more interesting than just talking about rates. See previous post ideas: Throwing candyThrowing money
This week we decided to bring out the fun bus. One of our loan officers brought his motor home and we took off for the tour of newly listed homes. We played Wheel of Fortune during the tour and it was a HUGE success.
Each agent that went on tour had a number and as we stopped at each home, the arrow pointed to the winner. Give-aways were gift certificates for gas and restaurants.
After sharing Mike's candy story board, we decided to do this but make it more generic. Jeremy Plouzak, LO Supreme, was kind enough to put it together. Doing this certainly livened up sales meeting and the Realtors enjoyed the candy.
Feel free to take this and use it during your next Realtor sales meeting. Depending on the size of your group, you may want to have two of each candy bar to throw. Get their broker involved in helping to throw out the candy.
Let me Take 5 minutes of your time to talk about how we work. Have you had a lending experience that was a bit of a Rocky Road? Maybe that lender was a bit of a Nerd or an AirHead? Or maybe they were nice, but slow as Turtles.
Before you Snicker at one more lender's claim, have a look at the best Mortgage Company in the Milky Way. Not only are we SweetTarts, but we will Dove into your buyer's loan approval, crossing t's and Dot'sing the I's - Going the Extra mile to be Good & Plenty sure that your deal funds and you get your Payday.
Shocker you'll think; Skor you'll say. Security Home Mortgage was an Almond Joy to work with, your clients will say. Their rates were Red Hot and their every call was like a Symphony to my ears. Transaction after transaction your Mounds of commission will soar past 100 Grand in no time when you use Security Home Mortgage.
I just wanted to tell you how much I enjoy your website and how I get lost in all the fun blogging and interesting articles. When people do a good job, as you do, I think it’s important to tell them. Thanks for encouraging me in these trying times.
Charles G. HauserHauser Financial
Your marketing blog, titled Great Example, featuring Sandra Scott was great. I found it very educational and inspirational, in fact so inspirational that I printed it out and hung it by my computer so I can read it every morning. Thank You very much for all your hard work and time you put into helping us become better Mortgage Planners.