"let everyone know what the value is so they can calc the LTV, that will affect pricing. I am lower than that but only licensed in FL, GA and CO. I used to be licensed in VA but did not renew it this year Dan"
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"Jennifer, i stand corrected on the YSP your were quoting, i thought you were looking at todays rates. Of course the issue for the LO may be to do with the Dodd-Frank comp rule. They dont have any controll over the comp level their company has chosen and the LO's pay is the same on every loan, so the LO does not have anything to play with. In the old system, yes the LO could bend over backwards. but in the new Comp world they do not have any flexibility to do this. the only option in my eys for..."
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"I dont think Jennifers post is entirely correct. I beleive she is quoted yields based on current rates. You locked July 21 so the yields were not the same back then. The Loan officer does not have all of that yeild to work with. Every lenders rate options are different but they will be based around the following 3 options: 1. Renegotiate the rate. Most lenders have a reno policy. basically if rates improve you can reno the rate. there is a charge for it which can get eaten by the improved yields..."
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