I am fairly new on ActiveRain and am still learning the value of Networking on the site. I see alot of Realtor Blogs and Investors but seldom see a Blog from a Loan Officer or Bank about our side of the industry, other than "How bad everything is" or "They took this product away!". How about hearing the good things that have transpired thoughout the past year and how these changes have really set in place a good stable industry that offers better financing, bigger benefit, fast easy loans, more referals and much happier Clients.
My Realtors have total faith in my services and work ethic because of the changes that this industry has handed down to us this year. I live in North Carolina, in the heart of Bank Kingdom and have had to conform to stricter laws, the loss of many great relationships & jobs at Lenders and a different direction in what types of loans I did.
I was very successful back in the Subprime days. Known to close a loan fast, give good service and close the loans nobody else could. I built my reputation from this and closed alot of loans. Did not know the "Other Side" and to tell you the truth, I was scared to death of anything but Subprime loans. That is what was sold to us, that offered my clients a cheaper payment, cheaper closings and my boss pushed me that way. Then came 2007 and watching these Lenders implode wasn't that bad until the company's I closed many loans with started going. I suffered for 2 to 3 months and made it through, learning all I could about Flagstar Bank's My Community programs and the conforming loan programs they offered. Come to find out, it was easier to close a loan, my rates were great, I got more referals, I got more relationships with Realtors and had more time to network and learn. Now that has tightened up but I have great relationships and find myself refering more clients to Realtors, Builders and Investors than they could ever hope for.
These changes have changed my life and my career. I hope it has done the same for everyone else. I loved closing loans with Flagstar and the people that I worked with each time closing them. I am now working for Flagstar Bank and have learned that if you help the people you work with, whether it is a Realtor, Borrower, Title Agent, Underwriter or an investor, they will help you too. Good Buyers + Good Loans = GREAT CLOSING & REFERALS See, A happy ending afterall.
Have a GREAT year to all of you and let me know if you ever need assistance.
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