I am ready to declare that the Dyersburg real estate market is back and in recovery mode! Here is a post I did on my Dyersburg real estate market blog about the final numbers for 2011. I also did a post here on activerain detailing what happened in the Dyersburg real estate market in 2011.
Yesterday confirmed what I have already decided is happening in the Dyersburg market. Tammy Ladd from First Citizens National Bank Mortgage division came to speak at Carousel Realty's weekly training/staff meeting. She also brough us a delicious lunch compliments of First Citizens. Thank-you so much!
We had lots of questions for Tammy:
- How well did the mortgage division do in 2011?
- Have they added new personnel to help getting loans closed on time?
- Are mortgage applications in January up or down verses same time last year?
- How quickly can they close a loan?
- What does Tammy and First Citizens have to offer different from other banks?
Here are Tammy's answers:
- The mortgage closings were up over 2010 but especially in the last 2 months.
- Tammy has gone from processing loans to originating loans so now 3 different people are originating. They have added additional people to process the loans. They also have 2 in-house underwriters that make the loan decisions.
- Mortgage applications are way up over same time in 2011.
- First Citizens processes and closes loans now according to close date. If we want a much quicker closing, the file will be pushed to the front providing the applicant provides all the required paperwork in a timely manner.
- Tammy says she is paid just like we as Realtors are. She is paid per closed loan. She strives for great customer service and knows if she does that then there will be many repeat customers.
Based on what is happening in the Dyersburg MLS and what the bank is saying, the Dyersburg real estate market is on a rebound and let me say it is about time!
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