Phil Grossfield's Blog


My Seven Year Old Daughter was Divorced at School; Contract Processors

My Schedule…and a Little Extra:  My seven year old daughter was divorced at school.  We’re meeting with the principal of her school today at noon.  My daughter has been having a conflict with one of the girls in her class…I only found out about it at the beginning of this month.  The two girls used to be best friends…but something happened in March and now the other girl has rejected my daughter.  Personally, I feel the other girl’s parents might be the issue…but typing about that would take too long.  Anyway, the teacher decided to separate the girls in class so they wouldn’t disturb others…you know, they don’t sit at the same table or stand in line together…makes sense.  But the girls kept gravitating towards each other and the teacher decided to send the girls to the principal’s office for reinforcement…and here’s where it gets interesting.  The principal decided to draw up a contract for the girls to sign…it said they have to stay away from each other at recess, in line, in class, etc.  My daughter was required to sign it…SHE GOT DIVORCED.  Shouldn’t the school be teaching my child how to resolve conflict?  Shouldn’t the school be teaching my child that working out differences is a critical life skill, rather than simply separating them, and by contract no less?!  Shouldn’t the school have notified me that a problem existed?!  I AM NOT HAPPY.   |   Yesterday I told you to check this out…I’m not in a good mood so just do it…it’s super cool:  Scale of the Universe.

My Market Watch:  Just look at the rates above.  For the love of all things holy in this land!  If you haven’t called everyone in your database who is eligible for a refinance, then hire someone to call them for you.  Disclaimer

My Schedule:  I have two meetings today at noon-1p and 3p-4p.

Contract Processors

I have compiled a list of contract Processors available for hire.  If you are interested in receiving the list, please let me know….

Delayed Financing Cash Out – Refi Of Property Bought For Cash Within 6-Months

We now allow Delayed Financing Cash Out which will be a cash out transaction that occurs within 6-months of purchase.  To explain, your client bought a property for cash and now wants cash out…there is no existing lien on the property…Fannie Mae’s rule regarding six month’s title seasoning is avoided.  Let me know if you want details….


Purchases:      3 days from Submission (after registration)…prioritized throughout the process.

Refinances:     5 days from Submission (after registration)…45-day locks still recommended.

Conditions:     48 hours from last uploaded document.

For a Clean Underwriting Decision Resulting in Happiness and Adulation – Read Me

For a Long List of Conditions, a Huge Hassle, and Massive Frustration – Ignore Me

Our Lender Fee is only $699 “All-In”

“All-In” means 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 and for lender-paid we permit outsourced Contract Processing (NMLS Licensed) as a 3rd-Party Fee and therefore may be covered by YSP overage (excess rebate).  YSP overage also permitted for Prepaid Interest, Property Taxes, Hazard, and max $500 towards principal reduction.

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