mortgage broker western colorado: The real question for today's fence sitter in this market
- 03/31/09 01:34 PM
Today as I visited with Realtors I was struck my the universal tone of what they tell me the consumer is saying "How low are rates going to go?" and "We are waiting for the market to BOTTOM" So, my natural question is "how will you know when the market has hit the bottom?" Will the Talking Heads knock on your door and sing to you? Will the news media announce it? Will Obama and his friends deliver your bailout? Will it knock you over as you are peering down and it is coming back at you? Look, the real answer … (2 comments)
mortgage broker western colorado: How to sell that home with the UGLY Kitchen
- 03/02/09 12:45 AM
You know, that listing of yours that is really not so bad but is so outdated or the kitchen or any part just kills all maybe might have some interest. If some one could just see all that potential you will have a happy seller and we know the seller doesn't have the money to fix it up or they "don't want to make a decision on what the buyer might want" So what is a smart Realtor to do? Call your local professional mortgage professional and ask if they can do a Streamline 203K. Then get a few bids from … (2 comments)
mortgage broker western colorado: How about a business fix instead of a Political one?
- 02/23/09 01:16 AM
Are you much like me and all you hear is political talk on how to do this and how to do that? Has any elected public offical actually put forth a "plan" that actually has details? What about the talk about "temporary nationalization" of the banks? How about something that doesn't include lower asset values? How about a plan that just might actually stop or at least greatly slow the foreclosure inventory coming on to the market that is keeping the inventory well over demand that is actually the issue here. Supply is grossly over what the demand is at this … (6 comments)
mortgage broker western colorado: "I knew you would call"
- 01/15/09 12:16 PM
Yes, that is the response I just received from a Realtor at almost 7 pm local time. This Realtor called me at 4 something when I had a client in my office and as I was walking out the door at 5 for a meeting I was given the message. Now the question is why that response? and Do you get the same?
As we reach the mid way point of the first month of 09Now, is the time to review your business practice and your CUSTOMER SERVICE BUSINESS MODEL. Can your clients count on you? In today's world how … (1 comments)
mortgage broker western colorado: Why every deal should be old school
- 10/14/08 02:28 AM
Even more so now than ever, we as professionals need to go "Old School" and by that I mean, we need to know and understand what program when, why and where! We must be careful as loan professionals and to some extent Realtors to not fall in love with just one program. Right now, there is a ground swell, if you will that USDA Rural is the be all and end all of our problems for the home buying crowd. But, there is ONE RATHER LARGE CATCH in this program, the client MUST NOT BE ABLE TO QUALIFY FOR AN FHA OR … (3 comments)
mortgage broker western colorado: No BULL SH!* Business is good...... THIS IS NOT A RAH RAH post
- 10/07/08 01:02 PM
I just spent an hour with a Realtor that was crying and moaning the "ain't got no buyer blues" and they are thinking about getting out of the business.......... My response...... GET THE F*&^ OUT!!!! The last thing the public needs is a crying, whining Realtor or Loan Officer! Look, I am the first to tell you that things are tough. But they are not that tough! There is money for loans. I don't care what the media tells you. We have money to lend!!!! So does every good, capable loan officer on the rain. Don't believe me???? Call any … (14 comments)
mortgage broker western colorado: When did this profession become so LAZY??????
- 10/07/08 09:20 AM
I mean honest, when did this profession become so complacent and just sitting back and waiting for clients to walk in the door? When did we get so reliant on computers and Automated Underwriting that we forgot how to work a deal? I got 2 different calls from loan officers that work in one of our offices last week about the "new USDA Rural" program (ok it is not new, just new to them) and they both were moaning about these loans being "manual" underwrites. They are not, but this office has not been trained yet, so we will let … (15 comments)
mortgage broker western colorado: What makes a good Mortgage Professional??????
- 09/24/08 01:41 PM
Wow, there is so much that goes into that, but what got me started thinking about this is a conversation with Eleanor and what she said was something along the lines on Mortgage people make good business people. To be fair I shared with her a business plan that I have written to possible purchase the dive shop that I teach out of, looking for some holes in my plan. But as we texted and emailed and talked on the phone, she made me wonder why her comment has some truth to it. We are good listeners (well duh). Attention … (6 comments)
mortgage broker western colorado: Is Manufactured Housing primed for a big comeback????
- 09/18/08 05:25 AM
In a past life when I sold manufactured homes the more difficult the economy and the higher the interest rates the better we did. WHY, becuase of AFFORDABILITY! Just think, as the price of homes is up (yes even today after all that has happened) and financing rates go up that brings monthly payment more into play. And for a lot of us in Rural areas this is even a larger factor. Now, I am not hear to lecture you about these homes; but I am here to help you know how to get the best possible financing for them and … (5 comments)
mortgage broker western colorado: Providing a Good Faith to a Realtor...... just good Customer Service
- 09/16/08 09:56 AM
RING RINGGGGGG there goes that dang phone again, oh hi Trunda Rogers , you need a Good Faith for your client? No problem, have it to you in 30 minutes. Sure no trouble, as I take down the credit scores and all the information on the home. Not a problem at all. Now I know that a lot of my fellow mortgage professionals, won't even take this call , nor will they even bother with out actually interviewing the client. But I will. Why? How about good old customer service? As long as the Realtor and the client both under stand … (5 comments)
Today as I visited with Realtors I was struck my the universal tone of what they tell me the consumer is saying
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