Sales Meeting in a Box September 2015. Enriching Lives through a dedicated commitment to home ownership Our VISION.

Sales Meeting in a Box

September 2015

Enriching Lives through a dedicated

commitment to home ownership

Our VISION

What can I do with my EmpowerPoints??EmpowerPoints can be used to purchase Eagle branded items

available on the EmpowerPoints site.

What are EmpowerPoints??EmpowerPoints is a way to reward your teammates

when they provide excellent customer service. When you see a co-worker living the Vision, Mission or Primary Principles, log into EmpowerPoints and award them with

EmpowerPoints.

How do I Get Started??>> Visit: www.empowerpoints.com

>Create an Account>Start awarding and redeeming points

Best Idea

Did you know??

You can earn 5 EmpowerPoints for your Best Ideas!

All you have to do is submit your Best idea to:

[email protected]

We look forward to hearing from you!!

Quarterly Focus

In addition to all your best ideas, we are going to focus on

Communication

& Marketing

Let us know how you feel we can improve as a company!

How do you want to receive

information?How do you

market during the 4th quarter?

What are your marketing ideas?

Did you know?

Refer an employee to work here and you could earn up to

$1000

Branch VolumeBranch Units

Top LO’sTop Processors

Top FundersTop UWs

TOP5

Top 5 Branch Volume

Puyallup $23,400,901Eagle $15,400,426Tigard $15,370,600Reno $14,500,274

Bellevue $11,670,749

Top 5 Branch Units

Puyallup – 97Eagle – 88Tigard – 60Reno – 57

Bellevue - 35

Top 5 Loan Officer Volume

Julee Felsman $8,427,656Ted Buchanan $6,585,339

Bryan Laflamme $4,554,864Dave Skow $4,250,765Rick Dennis $3,376,246

Top 5 Loan Officer Units

Julee Felsman – 32Ted Buchanan – 19

Bryan Laflamme – 18Don Mackay – 14Jenny Lack - 13

Top 5 7 Processors

Marcia Guerin 30Tara Hanson 26Stacy Nolan 25Mary Koole 25Ashlie Smith 25

Kim Stec 25Laurie Kindel 25

Top 5 Funders

Tim Sampson 80Debra D’Allegro 76Sandra Moriarty 75

Roni Fisher 66Lyn Shahan 61

Top 5 Underwriters

Debbie Hart 159Helen Cripe 140Pam Hamel 130

Shelly Sorensen 117Lynda Lough 106

Branch Numbers

&Awards

Conversion of principal residence to

investment or second home• Follow new Fannie guidelines as announced in

Fannie bulletin 2015-07

• Appraisal is no longer required to document 30% equity

• Reference Mortgagee Letter 2015-07

Chase non-conforming guidelines

Substantial changes to Chase guidelines including:• Enhanced and simplified LTV table

• DTI ratio maximums are more detailed• Additional option for minimum credit requirements

• Additional option for rental income reserve requirements

Programs fixed 6303ARMs 6301, 6337, 6338

I/O ARMs 6302, 6339, 6340:

Freddie Mac Conventional Conforming Loans

Revolving credit accounts that are paid off to zero, in order to qualify, no longer must

be closed

Program 2160

Continuing EducationHow is your CE coming

along???

You will have from June 15th through September 30th to complete your

required hours.

The race is on…

Helpful Hints

From Operations

QC Audit Results – April 2015The types of loans reviewed in the audit included 10% of

Conventional, FHA and VA Loans. A sampling of the loans are Cancelled/Denied, Brokered, Pre-Funding, Discretionary or Random

As a company, we are required to address any area that has an error rate over 2% along with submitting an action plan of how to prevent future occurrences

Please focus on all exceptions over 2% and help eliminate these from reoccurring in the future!!!

Underwriting Updates

• See actual new excerpt from 4000.1 on the following page• Family members can still remain on contract and not be a

borrower• Only borrowers can sign the purchase agreement (means

NPS or other parties not on the loan cannot hold title to the property)

The 5/8/15 buzz content bulleted below has been amended by FHA

FHA Single Family4000.1: FHA Single Family Housing Policy Handbook

II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENTA. TITLE II INSURED HOUSING PROGRAMS FORWARD MORTGAGES (09/14/15)

1. Origination/Processing (09/14/15)a. Applications and Disclosures (09/14/15) E) Sales Contract and Supporting Documentation (1) Sales Contract (a) Standard The Mortgagee must not originate an insured Mortgage for the purchase of a Property if any provision of the sales contract violates FHA requirements. The Mortgagee must ensure that (1) all purchasers listed on the sales contract are Borrowers, and (2) only Borrowers sign the sales contract. An addendum or modification may be used to remove or correct any provisions of the sales contract that do not conform to these requirements.

The Family Member of a purchaser, who is not a borrower, may be listed on the sales contract without modification or removal

FeaturedVelmaEmail

Also available to co-brand

Don’t forget to check out theTRID Toolkit!

The components of the TRID Toolkit include:

Landing Page/Microsite (http://home.eaglehomemortgage.com/TRID)

3-Minute Video HTML Email Invitation to Lunch ‘N Learn PowerPoint Presentation

Sign up for

September

Training Classes Today

Training

Calendar

If you see a need for a class that isn’t listed – reach out to Amy Lind

Visit the training calendar today:>UAMC Portal

>Training Resources>Training Calendar

Training

Calendar

Branch Update

Sharing of Best Practices - Success

Stories