Phil Grossfield's Blog

A LITTLE EXTRA…

Exception Policy Revisited; The Secret To A Repeated Hit

My Schedule…and A Little Extra:  Our Exception Policy has been revised and is now back in effect.  Not much has changed except our internal process and the general policy of scrutinizing requests a little more.  Senior management essentially felt our exception policy was a bit too loose after having some problematic loans…they temporarily turned off the process until revisited.  Well, that didn’t take long and we are once again back in business and able to request.  One thing worth mentioning is if you are a broker sending in one of your first deals, then the exception will not likely be considered.  The policy is reserved for brokers that do consistent strong business with Interbank.  For details on how to request an exception, click here.  Let me know if you have any questions, okay?   ||| Want to make a movie or write a song that will be played for the end of all time every year like clockwork?   Simple.  Write it about a holiday.  Case in point…Katy Perry’s “Firework” song…tell me you didn’t hear that song on the fourth of July.  I heard that song about 20 times every day leading up to the fourth of July and they played it another 50 times on the fourth of July and even played it during the fireworks.  I’ll bet you $100 billion dollars they play that song every year for eternity….

My Mystery Lyric:  Do you ever feel like a plastic bag, Drifting through the wind, Wanting to start again?  Do you ever feel, feel so paper thin
Like a house of cards, One blow from caving in?  Do you ever feel already buried deep?  6-feet under screams but no one seems to hear a thing.
Do you know that there’s still a chance for you, Cause there’s a spark in you
Answer

My Market Watch:  Rates are a little worse than yesterday.  There was a “yes” vote to Spanish banks this morning but was tempered by a weak Existing Homes report.  It could be a rocky day today…I get the sense the rates are gonna move…if I had to bet, I’d say for the worse.  But don’t rely on me…do your own research and then let me know your thoughts….   Disclaimer

My Schedule: Working from home this morning and in the field this afternoon….


UPDATED DAILY:                                                                                                     

Guideline Guidance to get a clean underwriting decision resulting in happiness and adulation…you could IGNORE THIS and find yourself with a long list of conditions, a huge hassle, and massive frustration

My Procedures are updated daily – check it out…

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