Having been in the business over 6 years and have seen many Loan Officers aka LOs come and go. In the past 6 months or so i have seen more and more mortgage companies and as a result more LOs come to fruition. They all claim to offer the best rates , loan programs , they work with 45,000 banks and just make all of these bogus claims. Almost all of them lie to customers claiming to have years and years of experience. But their lie is revealed when a client asks them in depth questions. Many of these LOs dont even know what escrows are. To top it all off they try and bury customers with obscence junk fees and over the state max in origination points. In real estate financing the key to longevity is to sell your cusotmer benefit. Putting them in a worse sitauation just leaves for room for them to default on you. Of course there are a few instances over the years that i have encountered whereby the client needed cash out for a personal emergency and the payment went up signiifcantly.
My point is talk the talk but can you walk the walk? Can you as a Loan Officer deliver what you promise your clients? Loan Officers that have been around for a long time have been around for a reason, that because our loans get closed!!!!!!!!!
Cheers
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