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Whether you’re the buyer’s agent or the seller’s agent, communicating with a loan officer can occasionally get tense. As the seller’s agent you want to ensure that your client gets the best deal possible and you want the loan to close on time. As the buyer’s agent you want to ensure your client gets into the home of their dreams without a hitch.
However, GenX is a driving force of the mortgage industry, especially as move-up buyers. In this exclusive homebuyer generational series, discover three things that every loan officer should know about Generation X and get ready to reach out to this key demographic to increase business growth.
How To Become A Successful mortgage loan officer And Making Contacts With Real Estate Professionals. Every time you represent a home buyer as a mortgage loan originator, you will meet not just the home buyer (mortgage loan borrower) but you will have contact with the home buyer’s realtor as well as your home buyer’s real estate attorney.
A couple of weeks ago I wrote an article What Every Mortgage Originator Wish Their Home Buyers Knew. It was wildly popular article and I thought I would follow up with What Every Home Inspector Wished Their Home Buyers Knew. As part of the home buying process you should have a home inspection.
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13 things Loan Officers wish the agents they work with would consider, understand, do or NOT do. Like marketing & sales, sometimes the relationships between agents and Loan Officers can be love.
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This means that around 80 percent of the time – and when working with first-time buyers, the number is significantly higher – a realtor will work closely with a loan officer to help a buyer fund their purchase. When a realtor gets support from a loan officer beyond basic funding, a special synergy can happen. This partnership may come with.
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Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions. Most loan officers work full time and some work extensive hours. Except for consumer loan officers, traveling to visit clients is common. Employment of loan officers is.