A 203k consultant is supposed to provide an independent bid so, if you require a contractor's bid before visiting the site YOU aren't worthy of the program. We will show you how really easy it is to do it correctly. Just the other day I had to add some work the contractor failed to recognize. I bid the new item as is typical and turned in the paperwork to close the loan. The contractor contacted me about a week later when he apparently received his subcontractor's bid on that item to tell me I was "right on the money".
I had a lender place an order and provide a contractor's bid for $187,000 for a room addition and renovation of an older home. I inserted the bid scope into our software and after visiting the site created my bid using the contractor's scope, I then added items that HUD requires to the bid and came up with $87,000+. I called the contractor and asked him to walk me through whatever he was going to do that wasn't written in the bid... he asked what I bid the project at and when I told him $87,000+, his next words floored me... "I'll do it for that". We saved the client $100,000 by doing our job properly. Many consultants would have accepted the original bid and while they did what they were trained to do would have failed the spirit of the 203k and the homeonwer client relationship.
Our software was voted #1 for the most complete package by 98% of the 400 underwriters being quized. So, if you use it a high percentage of underwriters and loan officers will think you are a professional. One of my favorite stories is of a consultant who had taken training 3 years prior to him contacting us. He took our training on top of the one he already had and I instructed him to stop turning down 203k orders. He was only half way through our training when he received yet another order. I told him to go do it and since our software is intuitive, he had no problem. In fact, when he turned the paperwork in on his first 203k project with our packaged product... his lender said something like "wow, you have been doing this for a long time< this is great work" but he said "no, this is my first project. Our software is built to make you look great on your first project and your next project. You can purchase the software for $999.00 or a one-year license for $450.00.
Additional unlocks is your security that you will be able to use your software for many years even if you have a crash. We will maintain this unlock system for you. These "additional unlocks" are for computer(s) owned and operated by your local office, not a national chain. We suggest you back up your computer files regularly... the important file is .203k. Everything else we can recreate. Your data, however should be backed up regularly and often.
Right from the 4000.1 guideline - ii. Consultant Inspection - The Consultant must personally conduct an on-site property inspection to ensure:
• there are no rodents, dry rot, termites and other infestation on the Property;
• there are no defects that will affect the health and safety of the occupants;
• there exist adequate structural, heating, plumbing, electrical and roofing systems; and
• there are upgrades to the Structure’s thermal protection (when necessary).
The Consultant must prepare a report on the current condition of the Property that categorically examines the Structure utilizing the 35 point checklist. The report must address any deficiencies that exist and certify the condition of all major systems: electrical, plumbing, heating, roofing and structural. The Consultant must determine the repairs/improvements that are required to meet the U.S. Department of Housing and Urban Development (HUD)’s Minimum Property Requirements (MPR), Minimum Property Standards (MPS) and local requirements.
This is why our app is so important for you. Especially if you aren't a home inspector, or you have been givning away a full home inspection to meet this requirement. You no longer have to do that. Just use this handy app.
In 1998 HUD asked me "why do you hog all the work?" and then accused me of being the largest consultant in the nation over the next few years. The fact is that I offered FREE basic training to my competitors in the SF jurisdiction. Our advanced marketing program is only available with our Basic Training as the prerequisite. If you follow the basic training you should be able to attain 40 projects with the 1st 60 days... some are a little slower than others and might take 90 day. Like anything else YOU are the key and only YOU must work the system we have prepared. I'll provide the tools and knowledge to make it happen but YOU must supply the labor to make it happen. This is only for those who want to get 100+ projects in your pipeline at any one time.
Advanced Marketing with a website - $4,000.00 annually
Advanced Marketing using your existing website - $3,000.00 annually
Once you take our training and use our software you have unlimited mentoring available at NO ADDITIONAL COST. Our job is to assit you in building YOUR business.
We have a program called 203k911 where you or any other party in a transaction may have an issue, whaterver it may be. Sometimes you or your client may feel that everyone else is against them and just need someone outside your project to talk to, someone to listen to their problem and help them deal with some options. This is a FREE service to all consultants and most home buyers. We may come up with various solutions that are viable and have no cost to the homeowner too. Only if we are asked to impliment the suggests would there ever be a nominal fee for our service.
Cost - Most of the time it's FREE, the initial call is always FREE
This program guarantees 50 loans within 30 days of implimentation. That means the lender gets 50 loans, the consultant(s) gets 50 projects in that same time period. We find that a couple of your lenders may choose to work together and get 25 loans each guaranteed. You might even work with your other partners like your AMC, consultants, etc. Examples: Include your consultant who would get 50 consultations, or maybe have more than one participate. Choose the "Lets talk, shall we?" below and we can discuss what works for YOU. Once you see how we do this you will likely have us back to do it again and again for you but you could certainly do it yourself.
The investment is $5,000.00 + expenses - Your profit - Unlimited