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Good point. Also watch out on the "Worksheet". BOA is trying to reduce commissions. Everytime I mess with the worksheet it pops back to 5%. I had to argue with a rep that Fannie Mae is 6% no exceptions. This guy told me I was wrong. I ended up emailing the Team Lead and that was the end of this conversation. Bottom line, pay attention. Seems like new tricks every day.
I would not recommend having a client access Equator. That is asking for trouble. The listing agent should be entering all info
Good point. Also watch out on the "Worksheet". BOA is trying to reduce commissions. Everytime I mess with the worksheet it pops back to 5%. I had to argue with a rep that Fannie Mae is 6% no exceptions. This guy told me I was wrong. I ended up emailing the Team Lead and that was the end of this conversation. Bottom line, pay attention. Seems like new tricks every day.
I googled FNMA commissions and sure enough March 1, 2009 guidelines say any fnma mortgaged backed loans cannot reduce commissions less than negotiated with the owner. Great amo. Thank you!
Lori Young said:Good point. Also watch out on the "Worksheet". BOA is trying to reduce commissions. Everytime I mess with the worksheet it pops back to 5%. I had to argue with a rep that Fannie Mae is 6% no exceptions. This guy told me I was wrong. I ended up emailing the Team Lead and that was the end of this conversation. Bottom line, pay attention. Seems like new tricks every day.
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