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  1. #1
    Senior Member Reputation points: 307559
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    just have to go there but sometimes the underwriter is an idiot.Lat month i had a deal that was approved for 60k after explaining to the underwriter that he was an idiot and getting no where with him i had the owner reprice it with a different underwriter at the same company who gave me 180k.
    merchant does 100k in 2 different banks and than transfers it to a third account doing another 80k (so 280k in real deposits ). underwriter 1 refused to count transfers even though i was showing him that they came from real deposits . underwriter 2 understood it .

  2. #2
    Senior Member Reputation points: 5328
    Join Date
    Jul 2017
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    I listen to them respectfully, explain to them what I can and can't do for them, encourage them and tell them we will get the next one, and NEVER forget that the Brokers are my customers, and without them, nobody NEEDS Underwriters.

  3. #3
    Quote Originally Posted by Esteban2000 View Post
    I listen to them respectfully, explain to them what I can and can't do for them, encourage them and tell them we will get the next one, and NEVER forget that the Brokers are my customers, and without them, nobody NEEDS Underwriters.
    Well said Esteban!

  4. #4
    Banned Reputation points: 179851
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    Quote Originally Posted by Michael I View Post
    just have to go there but sometimes the underwriter is an idiot.Lat month i had a deal that was approved for 60k after explaining to the underwriter that he was an idiot and getting no where with him i had the owner reprice it with a different underwriter at the same company who gave me 180k.
    merchant does 100k in 2 different banks and than transfers it to a third account doing another 80k (so 280k in real deposits ). underwriter 1 refused to count transfers even though i was showing him that they came from real deposits . underwriter 2 understood it .
    I have ran into this alot as well. Underwriters fresh out of college with no experience whatsoever and it makes you want to rip your hair out.

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