Phil Grossfield's Blog


Exceptions, Geeks, Vanity, Connected To Starlight

My Schedule…and a little extra:   I’m a self-proclaimed geek.  Not the tape between the eye-glasses with a pocket holder geek…but the kind of geek that loves a good excel spreadsheet and finds pleasure in re-installing a hard drive or operating system.  As such, I’m a big fan of The Big Bang Theory, the TV sitcom about a band of super-intelligent scientific geeks and one pretty girl.  The Producer of the show, Chuck Lorre, writes vanity cards that show up at the end of each episode just before the credits…some are political, many are whimsical, and I find most of them to be hilarious.  For example, Vanity Card #255, or Vanity Card #378 or one of my favorites Vanity Card #382 (soon to be published).   |   Click here to read my Cystic Fibrosis post and click here to read my wife’s post and charitable contribution request.   Mystery Lyric:  My room looks out to the wide open spaces, My heart is touched by awakening faces — I see the panic of people in motion, I can stand here, look out on an ocean — I am a wall awaiting a catchword, I see the city laid out like a patchwork — Alone I am free from hatred and blindness, I hope that this life is frozen and timeless — My man is here, we grow old by inches, Tomorrow I’ll walk among heroes and princes — I feed the boys, I hear secrets whispered, I know the hearts that are battered and blistered — I am secure, In this world of apartheid — This is my cell, but it’s connected to starlight — Answer.   My Market Watch:  Nothing really going on today…it’s month-end and I’d be surprised to see any huge movements…. Disclaimer.   My Schedule:  I am home all day and done at 3p to prepare for a weekend trip to Palm Springs….

Pricing Engine (password required)     Rate Sheet for Today     InterBank Product Matrix


IT IS VERY LIKELY YOU CAN GET AN EXCEPTION if InterBank has an overlay permitted by Fannie Mae, and, I can usually get you an answer the same day.  The key is to get a DU Approve/Eligible.  If you get it, email me right away….

Comparing Overlays to Fannie Mae Guidelines:

Locking:   If you need to lock immediately and cannot wait for an answer to the exception request, then lock the loan using loan parameters as close to the actual scenario as possible.  Please be mindful that if the exception is not granted, you will have to cancel the lock which could ultimately affect your scorecard.  Therefore, you might want to discuss the request with me before you lock to see if I feel we have a good chance to get it.  However, we cannot protect the rate for you unless you lock the loan.  Let me know if you have any questions, okay?

Our Lender Fee is only $699 “All-In”

  • There is no flood fee, tax fee, etc.
  • Appraisal Waivers accepted with $75 waiver fee
  • Appraisal Fees may be reimbursed at closing.
  • Processing Fees may be charged to the borrower on borrower-paid transactions.  For lender-paid transactions, outsourced contract processing (NMLS Licensed) is considered a 3rd-Party Fee and therefore may be covered by YSP overage/excess rebate.
  • YSP overage (excess rebate) may be used towards 3rd-Party Fees, Contract Processing (NMLS licensed), Prepaid Interest, Property Taxes, Hazard, and max $500 towards principal reduction.

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