Comments on: When it Rains it Pours. Mortgage Article Causes Community Riot http://thexbroker.com/2006/11/13/when-it-rains-it-pours/ Wed, 19 Oct 2011 15:38:01 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Brian Brady http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-343 Brian Brady Mon, 27 Nov 2006 03:12:51 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-343 Matt: I think a few things happened on the "civil war" blog on Active Rain: 1- Jeff made some blanket statements that did offend some sensible and ethical brokers. 2- Jeff was "cagey" in his responses; this inflamed the emotions of the originators ( me included) 3- Mortgage veterans have had a long history of dealing with "fly by night lenders" and "unlicensed promoters", especially these past 4-5 years. Matt, I am not sure that the attacks were "personal" but there was a question of Jeff's credibility at one point in my mind; I think he has addressed that issue well. I think we are all pretty clear on what xbroker is and how it hopes to achieve its mission. I think the issue of ttransparency is one that is long overdue. I think I might differ in his thoughts on correspondent lending but I doubt Jeff Corbett is going to lose sleep over this ttechnical disagreement; nor am I. I have had some very good dialogue with Jeff that was upfront and devoid of emotion and ego. It can be found here: http://activerain.com/blogsview/21467/The-Marquis-of-Queensbury Matt:

I think a few things happened on the “civil war” blog on Active Rain:

1- Jeff made some blanket statements that did offend some sensible and ethical brokers.

2- Jeff was “cagey” in his responses; this inflamed the emotions of the originators ( me included)

3- Mortgage veterans have had a long history of dealing with “fly by night lenders” and “unlicensed promoters”, especially these past 4-5 years.

Matt, I am not sure that the attacks were “personal” but there was a question of Jeff’s credibility at one point in my mind; I think he has addressed that issue well.

I think we are all pretty clear on what xbroker is and how it hopes to achieve its mission. I think the issue of ttransparency is one that is long overdue. I think I might differ in his thoughts on correspondent lending but I doubt Jeff Corbett is going to lose sleep over this ttechnical disagreement; nor am I.

I have had some very good dialogue with Jeff that was upfront and devoid of emotion and ego. It can be found here:

http://activerain.com/blogsview/21467/The-Marquis-of-Queensbury

]]> By: The XBroker http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-342 The XBroker Sun, 19 Nov 2006 16:54:55 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-342 Agreed Matt...Thx for stopping by! Agreed Matt…Thx for stopping by!

]]> By: Matt Heaton http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-341 Matt Heaton Sat, 18 Nov 2006 00:01:20 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-341 I was out of town at the NAR conference and missed most of the "fireworks" but heard a lot about it from others down there, the word spreads fast. I guess there are some subjects that people are pretty touchy about. Creating debate on blogs is healthy, it allows people to hash out issues in a public environment but this one seemed to be turning to personal attacks on character rather than debating issues. I was out of town at the NAR conference and missed most of the “fireworks” but heard a lot about it from others down there, the word spreads fast. I guess there are some subjects that people are pretty touchy about. Creating debate on blogs is healthy, it allows people to hash out issues in a public environment but this one seemed to be turning to personal attacks on character rather than debating issues.

]]> By: The XBroker http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-340 The XBroker Tue, 14 Nov 2006 22:25:59 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-340 In a short time, you have become very wise.... In a short time, you have become very wise….

]]> By: Tyson Wigley http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-339 Tyson Wigley Tue, 14 Nov 2006 20:48:40 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-339 When I have a little more time I'll have to read the thread referenced above in it's entirety. Appears to be an interesting read. I'm going to just assume some people are a bit upset about the possibility of eventually having to explain to their loyal customers, friends and family why they charged exactly what they charged. In the short time I've been in the business, I have yet to meet one person who would feel comfortable fully disclosing the EXACT dollar figure they or their company were paid for servicing a loan. When I have a little more time I’ll have to read the thread referenced above in it’s entirety. Appears to be an interesting read.

I’m going to just assume some people are a bit upset about the possibility of eventually having to explain to their loyal customers, friends and family why they charged exactly what they charged.

In the short time I’ve been in the business, I have yet to meet one person who would feel comfortable fully disclosing the EXACT dollar figure they or their company were paid for servicing a loan.

]]> By: The XBroker http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-338 The XBroker Tue, 14 Nov 2006 15:28:08 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-338 Thanks Doug...Your last paragraph sums it up well. :) There shouldn't be anything a good broker/banker has to hide.... Thanks Doug…Your last paragraph sums it up well. :)

There shouldn’t be anything a good broker/banker has to hide….

]]> By: Doug Quance http://thexbroker.com/2006/11/13/when-it-rains-it-pours/comment-page-1/#comment-337 Doug Quance Tue, 14 Nov 2006 14:15:06 +0000 http://xbroker.realestatetomato.net/2006/11/13/when-it-rains-it-pours/#comment-337 The pioneers are always the guys with the arrows in their backs. Transparency is a dirty word to those guys, Jeff. It seems to be a dirty word in a lot of businesses. It's like peeling back the layers of an onion. It makes some people cry. Some of these boiler-room mortgage outfits should be shut down. They live to max-out each deal with no consideration for the borrower... or repeat business, for that matter. For the record, I am not against anyone charging whatever fees they want - as long as all those fees are disclosed upfront - and not reasonably deviated from at closing. The pioneers are always the guys with the arrows in their backs.

Transparency is a dirty word to those guys, Jeff. It seems to be a dirty word in a lot of businesses.

It’s like peeling back the layers of an onion. It makes some people cry.

Some of these boiler-room mortgage outfits should be shut down. They live to max-out each deal with no consideration for the borrower… or repeat business, for that matter.

For the record, I am not against anyone charging whatever fees they want – as long as all those fees are disclosed upfront – and not reasonably deviated from at closing.

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