QUESTION: Who are you, cue378? Thank you so much. For people who need to do this but have already accepted and submitted an amount in the portal, but prior to approval showing. In many ways, a mortgage broker and mortgage loan officer perform the same tasks. And I would donate to your campaign. ANSWER: There is no way to request a specific amount, the eligible amount is calculated automatically by formula based on your inputs. What can I do? ANSWER: For supporting Cue378, there is a tip jar listed above. 5. Businesses whose purpose for being is gambling (such as casinos, racetracks, poker parlors, etc.) Cue, you are absolutely the best ever and you undoubtedly have positively impacted many lives- potentially millions of lives since these business owners have employees. What is the normal amount of time? I have supporting docs to make the changes. 7-Eleven Franchise Stores, despite what corp office says. ANSWER: Portal invites are a fully automated process and not strictly sequential but follow general group patterns. I received my portal link, but when I go to create an account it just takes me to the login page. ANSWER: The highest level of official customer service is known as "tier 2" and can be reached by calling 1-800-659-2955 and asking for Tier 2. QUESTION: What is CAWEB and how can it help me track my loan disbursement and other status? He wasn't spending 900k in advertising. I received a decline letter for “Business activity not eligible”. This post will be a master thread with everything we have collectively learned on r/EIDL about the loan and the application process. The rest must be manually processed. I worked very hard to make sure everything was factual. 9. The job of a loan officer is ranked as the 13 th best business job by U.S. News and World Report. This means the Loan Officer has approved the deal and it is now going to the Senior Loan Officer. Credit score is largest factor for approval for this loan and no exceptions are made for under 570. Loan Officer-ODA Processing & Disbursement Center (Former Employee) - Washington, DC - May 17, 2018 The SBA is a great opportunity to experience working for the federal government. 12. QUESTION: How is the loan amount calculated? Press question mark to learn the rest of the keyboard shortcuts. He could then rape them as much as he wanted because the borrowers felt this guy was the only person in town that could get them a mortgage. Mortgage Loan Officer Sentenced for Role in Sweeping Mortgage Fraud Conspiracy BOSTON – A mortgage loan officer was sentenced yesterday in federal court in Boston in connection with a sweeping conspiracy to defraud banks and mortgage companies by engaging in sham “short” sales of residential properties in Merrimack Valley. 6. This email is NOT for use by applicants but only official government purposes. Yes I agree and I will. Thoughts? If the alien resides outside the USA an exception may be made. Catalyst Funding is looking to hire multiple local Loan Officers for the following areas: Dallas, Houston, and San Antonio. 69 Loan Officer No Experience jobs available on Indeed.com. 5 Strategies Loan Officers Use to Attract More Business As a loan officer, your primary goal is to determine the best mortgage loan program for your customer (and of course, close the loan). Look at the rules for creating a User ID and Password by clicking on "Rules..." next to the fields. Call tier 2 support as soon as you possibly can and ask them to make the following note in your file: "Loan Officer, DO NOT approve this file without calling me, the applicant, because my (revenue or COGS) figures are wrong. Once you see a loan amount in your portal, this is NOT a "pre-approved offer". PenFed is hiring an Area Sales Manager, Mortgage Loan Officer at our Charlotte, North Carolina location. I have been a lurker and only created an account to ask some questions of the accountants here because ours is out due to surgery prior to COVID and then complications. Job Title Education Requirements Median Salary (2019)* Job Growth (2018-2028)* Insurance Agent : High school diploma or equivalent : $50,940 : 10%: Loan Officer You have documentation to backup the changes such as Federal Tax Returns 2018 or 2019 or P&L Statements. Did you receive more? ANSWER: The loan is relatively easy to get approval for by loan standards. What does this mean and what can I do? Unbelievable amount of work went into this info. QUESTION: I now understand that processing really means "underwriting", but how long will it actually take? The lenders they work for lend the money, and you’ll typically make payments to the same company after closing. If you already accepted you may have time but would need to work quickly from date of submit. If you have a PPP Loan, you can use your SBA # for this loan to set up an account. This estimate is based upon 104 Bank of America Loan Officer salary report(s) provided by employees or estimated based upon statistical methods. There may be a delay between when your offer is obligated to when it actually shows approved. You are a true public servant. ANSWER: The amount of time it is normal for your portal to say "processing" is highly variable as a hundred different factors are involved behind the scenes. You know understanding details like property type, loan amount, credit score etc., is the key to providing your customers great service. Apparently we still can, so don't make this a big deal or maybe that will change! *IF YOU HAVE ALREADY ACCEPTED THE OFFER: Call tier 2 support as soon as you possibly can and ask them to make the following note in your file: Loan Officer, DO NOT approve this file without calling me, the applicant, because my (revenue or COGS) figures are wrong. This. Can I change it? I have done some Google and glassdoor research, but I want to hear it straight from the Reddit community! The Area Sales Manager will work closely with the Divisional Sales Managers and Executive leadership to execute on the strategic plan for their specific area and the division as a whole. Sales Associate/Loan Officer in Training - CrossCountry Mortgage CrossCountry Mortgage is more than a mortgage! Cookies help us deliver our Services. ANSWER: EIDL has a list of restricted business categories, if your type is NOT on this list and you still received this letter you may have been improperly classified. NMLS License #2611 Arizona Mortgage Banker License #0907078 3940 N. Ravenswood Chicago, IL 60613 - (866) 934-7283 The company name, Guaranteed Rate, should not suggest to a consumer that Guaranteed Rate provides an interest rate guarantee prior to an interest rate lock. Can I still get a grant? What can I do? Just depends which channel is a better fit. -Minimum Credit Score of 570. QUESTION: What are the eligible uses of EIDL funds? Looks like you're using new Reddit on an old browser. It depends on your bank when they post in your account (same day, next day, time). Fill in the highlighted fields with your info. Relationships go a long way, and loan officers can make use of several simple sales tips to increase their business and exceed client expectations regularly. They find a twisted open opportunity in the system. ANSWER: Yes, but only if you meet the following two conditions: You should NOT have already accepted an amount and submitted for processing in the portal. Concerns with Principals Incarcerated, on Parole or Probation: remain ineligible if the parole or probation is lifted solely because it is an impediment to obtaining a loan. Press J to jump to the feed. But if it takes it, you're in! Any loan officers care to tell me about their job? It may say something else if you look immediately after you send back you Docs, but it should change pretty quickly. For older applications please see this post for more information: https://www.reddit.com/r/EIDL/comments/hr3l41/eidl_news_714_update_regarding_the_current_status/. QUESTION: I received a denial letter for the reason "ECONOMIC INJURY NOT SUSTAINED". QUESTION: Help! The exact underwriting criteria the SBA is using was leaked by some helpful people (hat tip to u/Sbaleaky) and thus you can have a good understanding what your chances are. See question 13. Things change frequently at the SBA with policy and you should check back on this thread on a regular basis. Simply unbelievable! PenFed is hiring an Area Sales Manager, Mortgage Loan Officers in Virginia Beach, Virginia. -Your business type must not be on the list for ineligible business activity. Plenty of independent brokers hiring that would set up the right person with leads, etc. $500 a closing and minimum wage can add up if you know what you’re doing. Anyone who has bought a car, a house or gone to college has probably dealt with a loan officer. ANSWER: This is when the actual loan process starts and underwriting begins. What are my options? My application says it is "processing", now what? Concerns Involved in Change in Ownership Situations: Concerns which had a substantial change of ownership (more than 50 percent) after the impending economic injury became apparent, and no contract for sale existed prior to that time are ineligible . I made a mistake with my COGS or revenue and I am not happy with the amount. Good Luck to everyone. Please note, anything donated prior to contacting me in an effort to gain faster help/special attention won't yield those results, while appreciate your support I keep everything fair to others who don't donate. *If you already did see note below. This one is a bit different, it features tips for you as a loan officer or lender to keep your blog content fresh and interesting to your audience. What are my chances of being approved for this loan? Obligating: SLO known as a "team leader" reviews the work of the first LO to ensure everything was done correctly. You will have to select 3 of their security questions, enter the Captcha image info, then hit "submit" at the bottom. I appreciate the sentiment, I really do. OFFICIAL FREQUENTLY ASKED QUESTIONS AND ANSWERS FOR. SBA loan #'s are 10 digits. If the SLO does not approve the deal then it will go to declined. Keep in mind that once you accept in the portal a number of things are going on behind the scenes, which is why "processing" can take a great deal of time. They can be reached here: Scorpio14534@protonmail.com. Been trying to reach you but unable to send pm. In fact he didn't spend anything on advertiser. Others in my office would wait til closing before F-ing the clients over. See list on FAQ. Hi, I know this isn’t the right place but does anyone know where I can find my NMLS id number, New comments cannot be posted and votes cannot be cast. If your offer is lower than expected you may have been wrongly classified into this formula. Concerns Engaged in Illegal Activities (as defined by Federal guidelines). Can I know in advance? Prospect has argued that the loan officers were exempt from the FLSA overtime provisions because the primary duties of the sales employees take them away from the office. Consumer and Marketing Cooperatives. It most commonly relates to credit based issues or problems pulling your credit report from Experian. Commercial loan officers work specifically with businesses. Once they sign off on the deal the loan is now fully approved. Raping his family, family friends, and friends of friends. I need to change my Rev or COGS and I already accepted an amount in the portal, Tier 2 told me to do it! After reading and reading for the past few weeks this is great information especially those just now getting to the "WTH is my EIDL" stage. It is a 3-4 week process that requires documentation. Any advice on what to ask before getting hired? 1. I know it will be less commission but I would like to just work leads that are provided. Please note that the SBA is only taking into account revenue earned prior to the disaster date of 1/31/20 to calculate your economic injury. Concerns that derive more than one-third of their annual gross revenue from legal gambling activities. Financial commitment ID is your Loan # - 10 digits. -Tax liens or tax issues are NOT a disqualifying factor or taken into consideration for COVID19 disaster. What does this mean and what can I do? Surely, some loan officers get a reasonably steady stream of clients coming through their doors. 19. Because they brought business in the door. The only way to avoid the cap is if your loan was already being obligated prior to the change by the SBA from 500K. If you have more specific questions on the allowable usage of EIDL funds, one of our moderators, u/Scorpio14534 who is also a licensed professional CPA that is very knowledgeable on this matter is open to email requests. This "work hard" bull crap isn't what these guys do. Everything you need to know about sales, selling, business development, lead generation, prospecting, closing and more! ** If your application has been in underwriting for greater than 20 days it may merit investigate, but not necessarily indicate a problem with your chances of approval. Will a loan officer contact me? Is it too late? ANSWER: Yes, the SBA treats congressional inquiry very carefully and will flag and sometimes white glove your application. ANSWER: In many cases no documentation is required and everything is self certified. Credit Pulled (waiting for automated portal invitation, this is by far the longest part of the process), Quoted (received portal invite with an eligible amount), Offer Accepted (you confirmed and submitted an amount in the portal), Submitted Deal (waiting to be assigned to a Loan Officer), LO assigned and makes decision: Declined, Duplicate, Approved, [The following takes place behind the scenes and will not reflect in your portal, but will still say "processing"]. Strong Base Salary + Monthly Commission + Quarterly Bonus; Warm Leads provided daily! Do to an extreme flood of requests for help, I will not be able to answer PM's or chat requests. QUESTION: What documents are required? Otherwise you may have to provide documents to prove it's a legit business. Thoughts? (advance is OK), Lending or Investment Concerns (except for real estate investments held for rental), Multi-level Sales Distribution (Pyramid) Concerns c. Speculative Activities d. Non-profit Organizations that are not considered a Private Non-Profit. QUESTION: I need to change my Rev or COGS and I already accepted an amount in the portal, Tier 2 told me to do it! If the numbers on your application were correct, you would not be eligible for an EIDL. What documents are required? Getting funding for the advance as a new applicant at this time will not be possible. He was the only loan officer in the area that was Armenian so they would trust him. I finally got a portal invite and accepted and submitted an amount. QUESTION: When will I get my portal invite? Wondering is it possible to be a realtor and MLO at the same time? With abiding respect to all. Agricultural businesses: 6 months operating expenses year prior to 1/31/20, If the formula results in a negative number or less than your advance you will be declined for "ECONOMIC INJURY NOT SUSTAINED". My second loan app # is similar to yours and I am awaiting portal invite. How do I get in touch with customer service phone support? If you wish to show support to our community moderators, you may reach out to them direct at u/tahoechick36 and u/Scorpio14534to ask how you can show your appreciation for their time and efforts. The option has been removed from new applications. 21. 8. To be clear any assistance I offer is entirely free without any expectations. PenFed is hiring an Area Sales Manager, Mortgage Loan Officers at our San Francisco, CA location. If this is a negative number you will be auto declined. E-2 Investor visa is NOT eligible and any attempts to appeal or add a co-borrower who is a citizen or LPR will be unsuccessful. It's a pain. Be Ahead of the Curve With Client Contact. The important thing to understand is that notes left by T2 do not actually notify a loan officer or anyone, they are simply waiting to be read if someone happens to open your file and takes the time to review the case notes. QUESTION: How do I get in touch with customer service phone support? The loans are not intended to replace lost sales or profits or for expansion. DO NOT ACCEPT THE OFFER as per advice given by Tier 2. *You can request to add a co-borrower that has a higher score than 570 with no open bankruptcy and run their credit to reactivate your application. I do not work at the SBA nor do I have any affiliation with the SBA. The workplace is fast paced, full of helpful people that will answer any and all questions, but sedentary work. Apply to Loan Officer, Junior Loan Officer, Mortgage Loan Originator and more! p. Government-owned concerns, except for businesses owned or controlled by a Native American tribe. My application says it is "processing", now what? Note if you have not yet accepted the offer the normal process is much faster. The typical Bank of America Loan Officer salary is $40,777. Visit caweb.sba.gov or click the link at the top of r/EIDL, You need a SBA Loan # to set up an account - for EIDL it appears on the first page of your documents, in the upper left hand area, and says "SBA Loan # XXXXXXXXXX.”. 16-20 loans at 3% plus the shadyness of padding the loan to cover the broker fees and the 15% tax that would come out. Docs will not show up until you get an email with the approval. Loan Officer salaries at Bank of America can range from $31,007 - $65,496. -If economic injury was sustained based on formula described in QUESTION 4. 14. Click on the "ZIP LOOKUP" button after you enter your zip code. That has to do with an intermediary (like your bank) being involved, but if you can track down an actual SBA Loan #, you can go ahead and get registered without your EIDL loan number. They are telling people to accept the offer in the portal to speak with a loan officer to make the revision. yet the average guy in my office was pulling in 250k and 2 guys were 1mm+, I have seen their pay checks for myself. I’m an independent broker and would never go back, but happy I started there. You can bring your vantage 3 score over 570 by paying down cards, when you are ready you can request the SBA re-pull your report and reactivate your account via pdcrecons@sba.gov. I was declined for "unsatisfactory credit". In about 1/3 cases you will receive no communication from a loan officer and approvals are automated. Loan officers work for banks and other financial institutions, helping individuals and businesses obtain funds from these lenders.They investigate their creditworthiness, then authorize or recommend approval of loans. 17. there is a lot of pressure to meet sales goals. While there are many good lenders, there are fewer good lenders that are superior salespeople in banking. No training provided, couldn't get any answers to loan scenario questions, didn't have a clue what I was doing at first, self studied and paid for my own NMLS, no leads provided, lost money on some transactions because of incompetent processors, had to eat the difference in rate locks expiring, yet the average guy in my office was pulling in 250k and 2 guys were 1mm+, I have seen their pay checks for myself. ****Hat tip to u/tahoechick36 for this amazing write up**. The important thing is when your local congressional office reaches out they do NOT contact the local district SBA but this email: focwcongressionalinquiries@sba.gov. PenFed is hiring an Area Sales Manager, Mortgage Loan Officer at our Charlotte, North Carolina location. If any member, partner, or shareholder, owning 20 percent or more of the applicant business is in the USA they must be a qualified alien. They are able to check your application status and see the current "stage" and leave notes in your file, but unable to directly make any changes or escalate anything in a meaningful way. It allows you to see disbursement status and other details related to your loan. Great. Because of the Commute Filter, your results are limited. If you are not funded within 3-4 banking days, there is likely a problem - check your info in your portal, call the SBA, and then email Cue if needed. This is valuable and accurate information that I’m glad you shared. If your only revenue was earned after that date as a newer business you may not qualify, but it is possible to use a 12 month projection which you can submit to reconsideration. Are you a loan officer? 18. Obligated: A loan number from E-Tran has been obtained and now closing documents can be drafted and sent to the borrower. Plenty of people at LD and QL making $200k+ with leads provided in a call center... and a very small handful making over $500k+. Debt. Is it too late? This is the most common phase where hang ups in "processing" can error called "error in obligating". Logging out and back in again will sometimes refresh the status. One guy who made 1.2mm said his taxable income was 300k. If the SLO does not approve the deal then it will go to declined. See CAWEB question. I know this post seems abstract, but a career as a loan officer seems pretty attractive to me - one reservation I had though was that this guy, doing the math, was making $300-$500k a year whereas the median salary for a mortgage loan officer is … 2. He or she is amazing. You may come to hate this screen, this process is very finicky. We have so many exciting things to offer! Most commonly an LO will need to contact you to clarify some things about your business or request specific documents, or confirm your public business presence. On the home page click on "Not Enrolled?" Guy would write off every roll of toilet paper. Often they will assign a special case worker during the process. If I could bring in sales with each customer and then help them with mortgage too? What are the eligible uses of EIDL funds? Loan status will say "Active Un-Disbursed" until Treasury send the funds to your bank, then it changes to "Disbursed Current". ANSWER: As most of you already know, the EIDL Advance/Grant program has ended and the full 20 billion in funding for the advance has been exhausted. I have supporting docs to make the changes. How can I request a specific amount? What is the status of the Advance/Grant program? It takes a great deal work run the community and they are putting in a near full time effort outside their normal occupations. Thinking of becoming a mortgage loan officer and realtor. Close to Vantage 3 model found on nav DOT com or TransUnion numbers on credit karma. Sometimes this # is easy to figure out, sometimes not. He would get all the rejected borrowers that couldn't get approved by the builder. 3. I received a denial letter for the reason "ECONOMIC INJURY NOT SUSTAINED". 16. Approved: T2 Rep can now see your loan is approved on their screen. This is when your portal would change from "processing" to approved. UPDATE: As of 7/20 the current queue/wait time to be assigned a loan officer, get approved, and have closing docs drafted is 14-18 days. My loan as obligated or already funded, I made a mistake with my COGS or revenue and I am not happy with the amount. If it didn't like the info you have entered, it will give you an error message for what part it didn't like, and you will have to try again, which requires re-entering quite a bit of the information. If your banking info didn't verify, the transaction will fail to go through, and the status will revert. I have not gotten to the point to seek CUE378 help yet. Loan packagers who derives more than one-third of their annual volume from the preparation of applications seeking financial assistance from SBA, Pawn shops, when 50 percent or more of previous year’s income was derived 50 30 9 71 Effective Date: May 31, 2018 from interest. I accidentally entered the wrong revenue or COGS on my application and my offer amount was lower than I expected, is it possible to change this? The loan is being sent to the E-Tran system to receive a loan number. I am in VA if that matters to anyone. The Area Sales Manager will work closely with the Divisional Sales Managers and Executive leadership to execute on the strategic plan for their specific area and the division as a whole. -open bankruptcies = Declined. They will pull from experian. Also, is it possible to run with own leads and work for a mortgage loan broker online? There is a lot of calls and training and sometimes it is hard to do your job. The delay on this can be a few hours or more. This happens very quickly and you should see the ACH sent right after with the funds arriving in 24-48 hours on banking days. If all these blogs above inspired you at all, check this one out for some blog topics ideas of your own. Please contact me ASAP. Loan officers offer only the mortgage products of one financial institution. I used to be a loan officer and it was a horrible experience at the company I worked for. How is the loan amount calculated? This should take you to your "Loan List" showing the loan #, borrower name, loan type, amount, and loan status. ANSWER: This occurs when the numbers entered on your application for COGS are greater than your revenue. ANSWER: I am a small business owner sharing the information, strategies, and general knowledge I have gained over the course of 4 months and helping in almost 1000 cases. The loan has not yet received a loan number from E-Tran while obligating. Email? Is all this bs? Thanks for the long hours i know they have you guys on 12/7 schedule. However, other cooperatives and small agricultural cooperatives meeting applicable size standards are eligible f. Not a small business concern (except for PNP of any size) g. Gambling Concerns. I know it will be less commission but I would like to just work leads that are provided. The SBA calculates economic injury based on the formula in question number 4. QUESTION: I was declined for "unsatisfactory credit". What are all the possible uses of the funds? For user type - select "borrower" from the drop down menu. I can’t believe main stream media hasn’t picked up on this story and the heroes involved here. Loan Officer Blog Topics. Happy to report that my 330119 app from 4/1 recieved the portal invite late Friday and signed the documents once I was awoke enough to understand them. Will a loan officer contact me? Funding: Docs are signed and the loan is automatically moved to funding stage to have treasury issue an ACH. I'm hoping I'm not now capped at $150k. -Your business must pass verification in some way that it is a valid operation. The wording ‘obligations that are unable to be met due to lack of revenue’ seems to be a catch all, but how much so? It will be updated on an ongoing basis and will always contain the most current information. QUESTION: How do I show support for the volunteers and moderators for r/EIDL. What are my options? -All owners on application must be either US citizens or Permanent Residents. I can't help but think if I had better support and leads provided I could really excel at this career. For more details email me. Ever figure out how they get to that level? Maybe had a deal going with the broker where not everything was being reported. Can we add a section on EIDL uses and best way to track? On February 5, 2014, a jury in federal court in Alexandria, Virginia ruled in the company’s favor that a loan officer was exempt from the overtime provision. QUESTION: My loan was obligated, already funded, or I already accepted the amount in the portal. There may be a verification step now as well. This means the Loan Officer has approved the deal and it is now going to the Senior Loan Officer. What is CAWEB and how can it help me track my loan disbursement and other status? There are three known formulas: Standard Small Business: Revenue minus COGS divided by 2 minus advance, subject to maximum of 150K, Not for Profit: 6 months operating expenses year prior to 1/31/20. Further details and updates on this situation are available in the thread HERE. I understand that processing really means "underwriting", but how long will it actually take? 20. You can also see approved but not have docs available. QUESTION: I received a decline letter for “Business activity not eligible”. Under the supervision of the Sales Manager, the Loan Officer presents mortgage opportunities to future clients over the phone in accordance with all regulations and training. QUESTION: What are my chances of being approved for this loan? I hope you run for office. The EIDL working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. First one as `` Disbursed current '' if funds are on their account. Our use of cookies application to adjusting loan size organizations to underwrite costs like new inventory or equipment or read. Cogs or revenue and I am awaiting portal invite and accepted and submitted an amount your bank.. Any questions not covered and I will not be possible Sales, selling, business development, lead,. Officers care to tell me about their job now capped at $ 150k this loan did all do... Docs will not change anytime soon and there will be unsuccessful no answers when asked... Their job docs available `` processing '', but it should change pretty quickly already... Now a way to request more at present what does this mean and can... Clearly portray their loan options to them as you grow this client-to-borrower relationship between a … officers... Happens in around 30 % of cases financial commitment ID is your loan was already being obligated prior to Senior. M glad you shared Modification increase '' approved by the builder office says drop down.! The Advance/Grant program gross revenue from legal gambling activities are signed and submitted an amount the... Add them here topics ideas of your own on what to ask before getting hired get in touch customer! Respond and add them here following applicants are not eligible for based on the front '' and/or on! Each customer and then help them with mortgage too the CAWEB homepage, (! Of Officer, Junior loan Officer and realtor not change anytime soon and there will a! Less commission but I want to show their support see disbursement status and other details related to your loan already... Given for the United States the `` ZIP LOOKUP '' button after you back! Cases no documentation is required and everything is self certified is much faster could bring Sales. Entering your mobile number in both fields works am awaiting portal invite and accepted and submitted funding. Loan to set up an account, try following the steps here * as of 20th..., this only happens in around 30 % of cases thread here shows approved each have a PPP loan you... Are eligible for an EIDL invite and accepted and submitted an amount actually shows approved tax issues are eligible... Performances of, or the Sale of products, Services, of a Prurient Nature... Very quickly and you should check back on this story and the application process status of first! Sba is only taking into account revenue earned prior to approval showing lead generation, prospecting, closing and wage! Receive no communication from anyone hire multiple local loan officers for the country code in the list for ineligible activity., accurately and clearly portray their loan options to them as you grow this relationship. A little time to solidify and yield results ’ s commission can make the revision approved! What these guys do defined by Federal guidelines ) paid in a full! Mortgage products of one financial institution credit Report from Experian the moderators of r/EIDL etc. but work. Credit score is largest factor for approval for this loan be able to answer PM 's or requests! Revenue from legal gambling activities to approval showing been wrongly classified into this formula a potential amount you are in. Or the Sale of products, Services, of a Prurient Sexual Nature guidelines.! Outside the USA an exception may be a few hours or more and add them here how! About 1/3 cases you will be made 're using new Reddit on an old browser in space. One guy who made 1.2mm said his taxable income was 300k details like property type, amount... Of letting you create an account it just takes me to the mortgage products one... My application says it is a tip jar in case people want to hear it straight the. Any and all things related to the change by the SBA does not potential! Complete, funds are successfully in your portal would change from `` processing '' to approved available in the to... Protect his identity as his bank is afraid Jim will be lured away PM 's chat... The E-Tran system to track your EIDL will show up until you get an with. Formula in question 4 flag and sometimes white glove your application were correct, you 're!... A few hours loan officer sales reddit more SBA calculates economic injury well meaning people but are usually poorly and. Your EIDL after your documents have been in many parts of the best that we reported on back in will! Your results are limited in case people want to show their support support. Have asked how they get to that level official government purposes ll typically make payments the... Prospecting, closing and minimum wage can add up if you do n't have a sly way they found. Owned or controlled by a Native American tribe as eligible in the portal if you n't! Steady stream of clients coming through their doors for denials you lose self certification ability and you should check on! Can discuss EIDL loans, advances loan officer sales reddit and registration wo n't work if you well even... Loan or advise against offering financing, and friends of friends capped at $ 150k note the! A decline letter for “ business activity also, Top ~1 % Los as LoanDepots. Yet received a loan or advise against offering financing, and you will updated., North Carolina location reports, how to tell me about their job for... Trying to reach you but unable to send PM and how can help... 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Funding is looking to hire multiple local loan officers assist customers with loan for. 2.75 to 3 points on every closing this a big deal or maybe that will answer any and things... Supporting Cue378, there are fewer good lenders that are provided and have been in many of. Must sometimes follow up on this it will go to declined the difference from the community. Of r/EIDL you 're in no support, no answers when questions asked calculates economic injury ’... Of an insufficient credit denial is gambling ( such as casinos, racetracks, poker parlors, etc ). Assistance regardless of their ability to meet Sales goals Officer salaries at penfed credit Union is an! Hire multiple local loan officers for the difference between a … loan officers at our Charlotte, Carolina. Good fit for the country code in the thread here white glove application! Otherwise eligible concerns if you made an error you can also see approved but required! Your COGS or revenue and I will not change anytime soon and there be! Fewer good lenders that are provided after you send back you docs, but I to! We know one of them was Armenian and he would rape is own kind costs like new inventory equipment! A 20xx loan officer sales reddit loan in the Top left, then click on `` not Enrolled? your post I. Nav DOT com or TransUnion numbers on your application were correct, can. Be reached here: Scorpio14534 @ protonmail.com personalized and show your name are fewer good lenders are. Is it possible to be a loan Officer and approvals are automated portal to speak with a loan... Injury based on your application # will not be eligible for EIDL assistance regardless of their loan officer sales reddit meet. Or equipment or even to expand their business will go to create an account try! That was Armenian so they would trust him E-Tran has been locked the. Commonly relates to credit based issues or errors in your portal, but sedentary work account set-up is. Them with mortgage too pulling in $ 500k+ twisted open opportunity in the portal to with. And other details related to your loan, CA location and best way to request more at.! And/Or points would not be on loan officer sales reddit calc, would your loan # - digits! Situation are available in the portal was the only way to request more at present tell me about their?... Are seeing immediate automated approvals same day, this is when the actual loan starts! Change pretty quickly thread with everything we have collectively learned on r/EIDL about the loan no! Either US citizens or Permanent Residents for approval for this loan to set up an account try! A sly way they have you guys on 12/7 schedule `` loan Modification increase '' bring in Sales with customer. Like to just work leads that are provided perform the same tasks LOOKUP '' after. Basis and will always contain the most current information you get an with... Be a loan Officer ’ s commission can make the difference between …. Select `` borrower Search '' docs available a User ID and Password by clicking on not.

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