“Banker Referral Partner Needs Help”

 “Banker Referral Partner Needs Help”






Hi Joe,

I was attempting to demonstrate that Anthony was working for his father prior to becoming a certified barber.  He has 1 year under his belt, being self-employed.  Unfortunately, his dad did not pay Anthony in a “trackable” manner. The wife has stable income.

Do you have a conduit for using a YTD P&L or bank statements (or stated income) for such a transaction with someone being self-employed for 1 FY?

Both Borrower and Co have strong credit in addition to $15K of cash on hand.

Anthony may be reached at 860-XXX-XXXX, if you believe that you may have a lending outlet for him.

The bottom line is our bank cannot do a mortgage for these clients.




When family members are paid under the table, thinking they are doing someone a favor they are truly doing harm.


Fortunately, this is a doable transaction, but it could have been so much easier.



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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 1 commentJoe Petrowsky • January 04 2019 01:52PM


Good morning Joe. People just don't understand the procedure. Lucky you had a source. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 1 year ago