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Communication Breakdown

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

Communication BreakdownYes I specifically selected this title for all of the more "seasoned" folks here in AR land (lol) as a mini flashback to simpler times of the 70s when Led Zep was ruling the airwaves and wrote this classic song. It also is an easy segway into the challenge for October about communication. Without question communication can make or break a transaction and is almost always the culprit when there is a problem.

For us we have constant communication from opening to close. Mortgages these days are more and more intense and scrutinized than ever, so keeping the clients abreast as to what is going on and then the "why" behind it is of utmost importance.

To help ensure the communication is both in place and delivered the way today's consumer wants, we are finishing the final touches on a new USM online app to keep all parties in the loop of what goes on digitally as well as the tried and true methods of calls and emails too. It is important to keep these lines open but equally as important to be speaking in the format the borrower speaks (email, phone mobile app communication etc)

The wise Vanilla Ice says... yo, if there is a problem you know I'll solve it (check out my hook as the DJ revolves it) lol

Communication - either the reason you are looked upon favorably or negatively in most transactions and keeping open lines of it in multiple formats is a key to success.

Communication Breakdown may be a great tune but you don't want it in your business!

 

Posted by

araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

Comments(8)

Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

You're so right. If we continue to talk and communicate, even the problems aren't such a big deal to the clients. 

Oct 26, 2015 10:35 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

David

When communications breaks down . . . . the transaction falls apart.

Good luck and success.

Lou Ludwig

Oct 26, 2015 11:57 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Excellent comparison David. I loved Led Zep back in the day when they came out with these excellent LP's. I do not think the quality has compared since then.

That is off the subject, I agree with your thoughts related to business.

Oct 26, 2015 12:45 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning David. Now more that ever, keeping everyone aware of what is going on with each transaction is of utmost importance. Important topic for sure.

Oct 26, 2015 07:09 PM
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Can we talk ?   (My best Joan Rivers, speaking of going back)   Communication is critical and I use whatever message method is necessary including having my husband hand deliver it.   Being in an older demographic area, the phone still works (when Sara is on duty, another throw back) and I try to avoid letting it go to voice mail.   I recently got a client because he called three other lenders and got voicemail each time before calling me.   We actually talked (another throwback for the texting generation) and I got the deal and a referral.

Oct 27, 2015 12:29 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

So true David and good communications generally means you will have few surprises you can't handle. So many agents never speak up to the broker when they are unhappy and just pack up and go.

Oct 27, 2015 11:00 PM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

David Shamansky ~ Led Zeppelin and Vanilla Ice, too funny! You don't hear their names thrown together that often. But you are so right about "communication" and in our business there should never be a breakdown of it

Oct 28, 2015 12:15 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

David, You totally seem like a professional that would be on top of the communication with his clients!  Great post.

Oct 29, 2015 08:51 PM