What DO YOU do for a LIVING?

Local

714
Mortgage banking, specifically FHA conventional & reverse mortgages. Maintaining + servicing government backed loans. Lots of auditing..


Ship drugs for a living. It's amazing what you can ship UPS
Tell me about it. SR!, amirite??? :banana:
 
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OGstackadoIIa

TEAM LlGHTSPEED RACING
Mortgage banking, specifically FHA conventional & reverse mortgages. Maintaining + servicing government backed loans. Lots of auditing..



Tell me about it. SR!, amirite??? :banana:
Sucks for you. What's the market like down there?
 

Local

714
Sucks for you. What's the market like down there?
It's just boring is all. Markets great, business is booming for us. We're a smaller bank but have very consistent additions to our portfolio every month, ~1400 roughly. We're like a one stop shop. These loans are very cut and dry so aside from the volume (we're severely understaffed) of work, it's relatively easy.
 

OGstackadoIIa

TEAM LlGHTSPEED RACING
Good for you guys. Our issue here is a shortage of inventory for me to purchase - which is the main reason the pricing is moving up steadily
 

Nick_C78

New Member
Good for you guys. Our issue here is a shortage of inventory for me to purchase - which is the main reason the pricing is moving up steadily
That is because the banks are controlling the inventory. They are purposely sitting on houses and slowly putting them back on the market to control the market. I know this because they would have me fix up houses and then would tell me that the house wouldn't even be posted for sale for several months to even a year(s).
 

Accel.speed

basically, i like fast!
Im an IT specialist in the Army reserves. I was a security officer for Securitas but now that im going through school im mainly unemployed. I get like 70 bucks every 2 weeks by restoring headlights at a used car dealership to pay for gas though haha.
 

OGstackadoIIa

TEAM LlGHTSPEED RACING
That is because the banks are controlling the inventory. They are purposely sitting on houses and slowly putting them back on the market to control the market. I know this because they would have me fix up houses and then would tell me that the house wouldn't even be posted for sale for several months to even a year(s).
Yup, which is good and bad for me. Less inventory means my houses sell for 10 to 30 thousand over original asking price, plus a lot of cash deals - bad side being, less houses for me to buy. I'm trying to figure out a way to find sellers who are looking to get out of their loan through a short sale to my company
 

Local

714
Yup, which is good and bad for me. Less inventory means my houses sell for 10 to 30 thousand over original asking price, plus a lot of cash deals - bad side being, less houses for me to buy. I'm trying to figure out a way to find sellers who are looking to get out of their loan through a short sale to my company
Hmm.. May be able to help you with that.
 

dopematic

New Member
Full time student, major in health science and pre-pharmacy. Probably be applying to pharmacy schools next year. Part time job at movie theater. Full time JDM :thumbs up
 

96LSteg

Jemel
Im an IT specialist in the Army reserves. I was a security officer for Securitas but now that im going through school im mainly unemployed. I get like 70 bucks every 2 weeks by restoring headlights at a used car dealership to pay for gas though haha.
I us to be a 25B. Ive recently reclassed to 11B tho...
 
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