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The Single Best Thing About Being Part of The AR Community

I just figured out another thing that I love about AR! That is, the ability to get a glimpse inside the worlds of all the various people who are involved in the real estate, mortgage, title, appraisal, home inspector, stager and all the other facets of our industry.

Yesterday a lady named D. Bass commented on one of my posts and I went to check her blog out. It turns out that Ask The Underwriter she's a mortgage underwriter that blogs mostly about....imagine this...underwriting! I read several of her blogs and it's pretty evident that she's on the ball.

While I was reading these posts, I noticed that most of the folks commenting were involved in the mortgage part of our business. Being that I do both mortgages and real estate it dawned on me that there are probably a good number of real estate people here on AR who really aren't that familiar with exactly how the underwriting process works. Underwriters are just some cloaked person hid away in the Ivory Tower who's sole purpose is to make their life miserable...come to think about it, I think that a good number of mortgage people think this way about underwriters too? Hmm?

Anyway, I encourage you to take a look at Ms. Bass' blog. I think that it will help real estate people understand a lot of what goes on in the mortgage world. They say that knowledge equals power and that power equals money and with the wealth of information that is available here on AR, from all the various service providers, you have the opportunity to read, interact and learn from them all. I'm starting to think that this might be the very best aspect of being a part of the AR community!

R.B. "Bob" Mitchell

ValueList Real Estate Services, Inc.

Bob Mitchell is president of ValueList Real Estate Services, St. Louis' largest discount/full-service real estate and mortgage company. If you would like to find out more about Bob, ValueList or our flat-fee listing program, please feel free to visit our web site at valuelistre.com

Posted by Bob Mitchell - Realtor St. Louis on 02/28/2008 11:05 AM

Comments (8)

st louis real estate thoughts, blogging, best thing about ar, d bass, ask the underwriter

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8 Comments on The Single Best Thing About Being Part of The AR Community

FEB

2008

Bob,

AR has certainly become a powerful knowledge base on just about everything in real estate, from mortgages to title issues etc. What's so rewarding is that the membership in general is so open about sharing their expertise.

Bob - I'm going to have to check out D. Bass, that's very interesting.

Bob, maybe this should be a hidden gem post. I agree if more Realtors understood the mortgage side and what the underwriter needs all of lives would be easier

This is a great place to learn about all aspects of real estate. I really like it here. I just got another contact today.

Bob, You are so right I had a 30 minute conversation with a Virtual Assistant this morning just talking about her business. Also, I have Subscribed to D. Bass's blog since her second post. It is very good reading. I know she is a Hidden Gem.

I haven't had the opportunity to read D. Bass's blog as of yet but I will. It is amazing what you can learn when you get to see things from another point of view. As an appraiser, I don't get to converse much with underwriters and I think its because we often have the habit of getting defensive when someone questions our judgement (thats a post for another day). But I would imagine, an understanding of the underwriting process may help me to understand where they are coming from, and in turn make myself a better appraiser. Education is just as valuable as a referral and AR provides us with opportunities for both.

Thank's for the heads up. I always wanted to understand the mysterious world of the underwriters.

Bob, THANK YOU!!!! In 14 years of business I have never spoken to an underwriter and was starting to wonder if they even existed. I have just subscribed to her blog. You made my day!!!

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