FAQs for Loan Officers and Lenders

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The challenge is an opportunity for loan officers to compete with AskChristee results. The rules for the challenge are very simple.

The task will be to convert an allowable monthly payment into a purchase price, base loan amount, total loan amount, down payment, and closing costs.

  1. Loan officer will be monitored, during the challenge period, to insure they are not using AskChristee.
  2. Loan officer will be given a set of facts such as income, debts, credit score, interest rate, and loan term
  3. The calculations will be based upon specific area where the loan officer is licensed.
  4. The results most compare at least two loan types such as Conventional and FHA.
  5. Results must show minimum cash required and analysis of available cash including any seller or lender credits.
  6. Total payment must include property taxes, property insurance, and any PMI or MMI.
  7. Loan officer must agree that results will be published.

Some loan officers may be reluctant to accept new technology or a new market place for meeting homebuyers. There are not any valid reasons why loan officers should not embrace AskChristee for themselves and for  homebuyers.

If you are a loan officer, you may share your thoughts regarding the AskChristee platform at admin@askchristee.com.

The site will allow lenders to publish their rates on the platform. For more information, please contact us at admin@askchristee.com.

Loan officer membership fee is based upon a specific location. Please contact us for pricing for your desired location.

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