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[Music] everybody all week here with guild mortgage and I just wanted to start a new video series about a program that we have and we call it the Sol program save our alone program and essentially it's something that my team and I I mean we typically have about five of these a month and so it's it's we kind of have a system of how we even handle them and essentially what it is it's a loans that other lenders cannot do transactions that get denied right before closing or people run into issues on them right before closing and then all of a sudden you have a client that is expecting to move into a home they're getting ready to you know buy the furniture they're planning everything out and then they get that call from the lender that hey we have a problem we missed this or we can no longer do the loan because of this or we now need more money for a down payment or whatever that is right and so now all of a sudden your client goes from hey I'm planning this home to live in this home - all of a sudden now we you know we just gave notice to our land or do we have no place to stay so we call these our save our alone programs and client talent so essentially what I wanted to do is a video series on different scenarios that we run into and so once a month I want to send out a video of you know a scenario that we had that month so that way one it can educate you on just different scenarios that you might run into in the future with your clients and how to essentially save them and and what is out there and so forth as far as some own programs and whatnot so anyway that's what we call it on average typically in these scenarios there's already an appraisal title everything so we're able to close them extremely fast anywhere between 10 to 12 days on average is when we get these files closed they're a very very high priority a file in our in our file flow we have a dedicated team that remember that's just assigned to these files so that we can make sure that they fly through our system and you know we don't delay the closing anymore than it's already possibly been delayed by a different lender so our most recent scenario that we had is a scenario where a client three days before closing it gets denied because their cosigner had a new debt pop up and the debt to income ratio all of a sudden exceeded the maximum that that was allowed well this is a client that was self-employed and they needed a cosigner because there wasn't enough income on the file when we got the file what we did is we were and we specialize in self-employed borrowers so we were able to use way more income for them by only going off of the 26 2016 tax returns one-year tax average versus going off of a two-year tax average due the fact there were self-employed for more than five years and because of that we're able to boost up their income remove the cosigner altogether they even need the cosigner we're able to remove the cosigner altogether and get the deal done in ten days and the client went from looking for another place to to live essentially to getting it done without a cosigner and we got it done just on time and we still made the closing date so again specializing with self-employed borrowers not having overlays where we require two years taxes on all self-employed borrowers like some lenders do we're able to get this deal saved so next time you run into a scenario with self-employed borrowers that you have you know maybe they don't qualify for as much with a certain lender or maybe they're running into issue with with qualifying during the process give us a call let us save that deal for you so we don't we want you to know that we don't just work on you know being I mean being great at the deals that we currently have but we're also experts in fixing deals that other lenders might have you know made a mistake on or might not have the knowledge or expertise in to get them done so we want to meet that lender to you as well next time you have a save our loan scenario give us a call my team and I are here for you four to five four seven eight seven six seven six is the best number for us hope you have a great rest of your week [Music] you