2006-09-05 08:45:35 · 8 answers · asked by mortgage_info_4u 2 in Business & Finance ➔ Renting & Real Estate
Leads are great but when it comes right down to it, the mortgage company should do their job in a timely and proficient manner! Nothing worse than a lender who drops the ball 3 days before close because of an appraisal or lender issue that should have been dealt with weeks before close. We (as Realtors) know you have to keep up with a lot of lending products to suit every individuals needs, knowing your products well to keep the client and us up to speed is also very important. And lastly.....Return your calls asap........As you know..... Time is of the essence!!!
2006-09-05 09:07:14 · answer #1 · answered by jayster32 3 · 0⤊ 1⤋
You'd have to be a better loan officer than I am. Not only more knowlegeable and more likely to fund on time and per your original quote, but at least as ethical as well. When you can show me a track record of delivering exactly what you quote on all of your loans, I might be interested - because I can and do work to that standard. Furthermore, a good loan officer's job includes safeguards against mistakes and abuse. If you're not willing to question the transaction, you're useless to me, because I'll bet I can do any loan you can do at least as cheaply and at least as reliably. Particularly when I'm the buyer's agent. I've found it makes everyone happier all around to just cut my margin on the loan in half - because the loan gets done to the quote and on time, and I don't have to stress about whether you're going to do so.
If you really needed to ask the question, you're not good enough.
If you're trolling for business, not likely.
2006-09-05 12:00:11 · answer #2 · answered by Searchlight Crusade 5 · 0⤊ 1⤋
All I want is someone who will be honest. Don't tell me what you think I want to hear. Tell me the truth. If you are having problems don't tell me everything is OK. If you are begging every lender you have to take the loan and no one is biting, tell me. Don't tell me you have it approved when you don't. Don't tell me the day before closing that it's not going to close. Close on time. Acknowledge and abide by the dates and stipulations on a sales contract. Don't treat me like I'm an idiot. I did your job for years and know how stressful it can be. Selling real estate is stressful also. Real estate agents and lenders should compliment each other but all too often they don't.
2006-09-05 09:08:28 · answer #3 · answered by Karen R 3 · 0⤊ 1⤋
CLOSE YOUR LOANS! Oversee the processing and make sure everything is going well. Once it leaves your desk stay on top of your borrowers and closing dept. that they have met conditions and there won't be any delays on closing day. Make sure the wired funds are at closing. Good leads and excellent communication skills.
2006-09-05 09:06:45 · answer #4 · answered by LALA 1 · 0⤊ 1⤋
a short sale is in basic terms an settlement with your lender to be able to promote your homestead for decrease than is owed via you to the lender. anticipate you owe $200K in vital and overdue activity costs. A lender ought to conform to allow you to promote for $185K, yet you'll nevertheless stay financially obligated to the lender for the $15K shortfall after the sale is carried out.
2016-12-06 11:23:14 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Kickbacks
2006-09-05 09:45:52 · answer #6 · answered by BrokenRomeo 5 · 0⤊ 1⤋
Good qualified leads!
2006-09-05 08:48:50 · answer #7 · answered by loving father 5 · 0⤊ 2⤋
you to pay money!
2006-09-05 08:47:28 · answer #8 · answered by monkey 1 · 0⤊ 3⤋