5 Things that Amazing Loan Agents Do for their Clients
An amazing loan officer asks their borrowers the tough questions. It is extremely difficult for a loan officer to give a precise mortgage quote without obtaining some pertinent information from you. It is simply inaccurate to do so.
For that reason, you should expect a good mortgage originator to inquire about your credit history, credit accounts, your expected time to own the home, and the type of property type you are looking to purchase (e.g.; condo, single family home, duplex, etc.).
An amazing loan officer will then analyze your answers and use them to offer a number of loan program options that make sense for your needs.
What mortgage program should you choose? An experienced loan officer can help.
On the other hand, a bad loan officer will offer you the lowest possible interest rate to sucker you in, and give you the bad news later on that you can’t qualify for reasons that could’ve been known earlier on. Even worse, they may try to sell you the loan program they’re most comfortable doing.
A very good communicator
Well-informed mortgage professionals know their products very well — well enough to explain it to borrower’s in layman’s terms. That is the type of professional you want on your side.
You don’t want a loan officer that blurt out lots of industry jargon and you end the conversation understand not knowing that they said.
An amazing loan officer will go the extra mile to make sure you are happy because they now their reputation is a big part of their business. Word of mouth on how you performed can go a long way.
An experienced mortgage loan originator understands that the unexpected happens a lot and have experience handling these hiccups. Whether the loan program was just discontinued or these is an issue on your credit report.
A good loan officer will return calls when the going gets and through your preferred means of communication, phone, email or text.
A bad lender, on the other hand, my not return your calls promptly or not at all. He or she doesn’t care about the long-term value of making sure you are happy.
Referrals
If you want to find a great loan officer who fits your needs, just check out their referrals from realtors and past clients. The ones who are very active and successful should also be easy to find online with Yelp or Google reviews. The mortgage company can have great radio, TV, and print ads for their loan products and services, but it’s the loan officer you’ll be working with not those actors/actresses in the media. You want an experienced loan officer that can customize a home loan based on your particular needs, respond in a reasonable time frame, and has a sound support staff.