There are some agents who think that the real estate business is still run like "old school".
Oh come on, you know what I'm talking about! "You scratch my back, I'll scratch yours". If you brought a lot of business to a loan officer, they might go out of their way to get a loan funded earlier on your transaction. Same deal with the banks. If a loan officer brought in a lot of business, he/she might have carte blanc and get their files placed ahead of someone else's.
Agents loved being able to tell their clients "I have a great team and we guarantee you will be moving into your new home by a certain date." NEWS FLASH PEOPLE! It doesn't work that way anymore. There are NO MORE "favors" that can be asked, NO MORE "bending the rules," NO MORE "I bring you a lot of business so I should be first."
It's sad to see these old timers screaming at the team "But I'm a top producer, I deserve blah blah blah" The worst part is when they set unreasonable expectations of the team to close on time and it's nearly impossible to predict much less demand that it happen!
Until we get out of the loan crises, there's not much we can do as agents to push the timeframes. What we CAN do is prepare our clients UP FRONT for possible, unanticipated delays.
PLEASE let them know that due to the current lending market, NO ONE can guarantee an on-time closing. Tell your clients that the team will make every attempt to close on the contractual date, but delays could happen from one to several days.
Also, please don't do short closings on an FHA or even a conventional loan! With a 30 day or less close, you have at best only a 50/50 chance of closing on time.
By preparing your client for this possibility, you AND your client will have better control of the situation. If you happen to close on time-THEN you can be the hero!