Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
How One Phone Call Made A Realtor An Extra $6,150
Here's a real story, and it happens in every market, every day.
The builder's site Realtor gets a call from the builder's mortgage company that goes something like this..
"Alan, That buyer of yours that was going to close in two weeks; not gonna happen. Looks like the credit score dropped below 575 and with all the changes in the industry...sorry! Better luck next time."
Being a Commissioned Sales Person, he calls a ton of local lenders who say "not gonna happen". Finally, he was referred to us as the guys that help boost credit scores during the loan process and made that call.
The Secret Most Agents Don't Know Is That A Typical Credit Score Can Be Boosted 20-50 Points In Just A Few Short Weeks!
With a 1 week extension and mostly some quick re-distribution of credit, we were able to raise the scores high enough QUICKLY enough to get him into a Fannie Mae loan at 100%.
That one phone call to us made this site Realtor an extra $6,150 that his builder told him wasn't there.
The Moral Of The Story - Have a mortgage professional who is an expert in both the Credit Scoring Model and Credit Remediation in your back pocket, especially with the massively tightening credit requirements.
I ... more
Are you on The Rain? Grow Your Network!