Underqualified? Underread? Under a Rock? Became an Underwriter!

Do you crave power but loathe the idea of accountability? Do you enjoy finding reasons for something not to work rather than taking the time to see why they should? Enjoy wielding arcane and illogical guidelines regardless of how they were intended?

Become an underwriter!

As an underwriter, you have the opportunity to quash the dreams of home buyers and sellers nationwide. And we’re not talking about those dodgy folks using no-doc, zero down loans from yesteryear. No, in 2010 you have the opportunity to screw with people with 800-plus credit scores and large down payments not to mention those FHA buyers for whom there’s always a reason not to lend.

It doesn’t matter whether the guidance provided by the government since a guideline was passed says you’re wrong. You’re the underwriter, which means you’re right! You’re just like Moses coming down from Sinai, except you get to delete, amend and rewrite the tablets on which the Ten Commandments are written however you like. God himself can’t question what you’re doing (though if you have a first born son or aversion to locusts, you may want to show a little restraint, just in case.)

These aren’t the halcyon days when underwriters simply rubber stamped loans no matter how ridiculous the documentation and terms because, hey, everyone was doing it. This is much more fun! Armed with a stack of paper and Google, a good underwriter these days can find almost any reason not to approve a loan.

And why would they approve a loan? It’s not as if lenders are supposed to lend. You see how well that worked for them in the past (though there was less restraint shown than at a Vegas bachelorette party.)

Come on and release the inner curmudgeon within. Once you’ve got the reins, no one can slow you down – not the government, not the loan officers and real estate agents, and certainly not the dupes buyers and sellers counting on you to do your job according to its description, assess risk and make an appropriate decision (one that sometimes, despite it all, should end in an approved loan.)

Want to apply? Call 1-800-FUBUYERS today!

[tags]Phoenix real estate[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

4 Comments

  • Kyle 8 years ago

    Does this qualify as a rant?

  • Top 10 real estate posts of the day for 3/11/2010 8 years ago

    […] Underqualified? Underread? Under a Rock? Became an Underwriter! – This could be on the top 10 posts for the months! Dalton hits another one out of the […]

  • Jonathan Dalton 8 years ago

    Me? Rant? Naaaaaaaah.

  • Kristal Kraft 8 years ago

    Jonathan,
    I do believe common sense has totally left the room.
    kk

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