Time to re write the business plan... Yeah it might look Haggard but it's the million dollar plan and here's why! Why would you ever consider partnering with someone that doesn't add substantial value to your business? Sure the refinance market is booming right now but what is your best loan officer focusing on? Are they focusing on figuring out how they can refinance clients that closed a year ago with a much higher rate? OR should we consider something that would benefit that same realtor that referred us to client??? How can you re-capitalize as a realtor with your clients that you've worked with in years past? It's easy- let's strategize and see how we can bring them more VALUE. Cash out refi (sometimes with non-standard loan options) can often tap into major equity that is simple conventional refi would not allow. So what do you do with that cash out? Well there are a multitude of options but when you limit yourself to your traditional purchase lender then you lump your client into a box where they are just the same as everybody else however they are special and you are exceptional so why not refer them to the best in the business? Alternative lending solutions can yield substantially higher cash flow amounts for your clients and when you randomly are able to quadruple their cash flow based on creative lending solutions then how many more referrals do you think you're likely to get from them? My whole workflow as a mortgage lender in 48 states is based upon providing true value to my realtor partners. The real estate world is fast paced and so am I. Whether your client needs an FHA loan pre-qualification, 95% cash out refi, or if they need a bank statement loan program or simply just need to purchase an investment property with a mortgage that only considers the cash flow of the home or a 5% down jumbo loan option I'm here for you! Now that's #serviceyoucanbankon
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