Today I did an interview with my dear friend Mr. Richard Garcia of Credit Card Rest In Peace (RIP). During the interview we discussed the difference in roles between a Loan Officer and a Mortgage Planning Specialist as well as proper use of different types of loan programs.
To hear podcast of this iterview go to: "Mortgage and Credit News" private channel.
As a loan officer my primary business was working with realtors. In many of these transactions there is a real since of urgency to complete the transaction, usually with 30 days or sooner. Everybody is moving at a pretty rapid pace with pre-approvals, underwriting, inspections, appraisals, and seller making necessary fixes as a result of inspections, just a lot going on.
As a loan officer the main priority is to get the buyer pre-approved and agreeing on a specific loan type and getting the loan closed.
Today as a Certified Mortgage Planning Specialist my mind shift today is more focused on presenting financial strategies as they apply to the different types of loan programs that are available for the client. Being certified opened my eyes to different loan concepts as they apply to taxation, liquidity, rate of return and safety for my client.
These items were all things I was aware of but did not have the background or formal training to understand completely.
Today as a result of my training I am able to be a powerful asset to my clients and at minimum give them options that will help them, if they are willing, to create wealth by implementing proper mortgage planning strategies. This to me is really what this business is all about. Serving your client to the greatest extent possible and providing them with advice that has there long term financial wellbeing at heart. Creating clients for life.
For more information on Mortgage Planning Strategies contact:
Certified Mortgage Planning Specialist
Mortgage Sources Corp (Licensed in 37 States)
866-840-2240 Toll Free