Tagged: loan program

Solution and Great Product Mortgage Business Loan Office

Solution and Great Product Mortgage Business Loan Office, and Agents and ask them to refer some of their business to me I was horrified by how I was greeted. This is a complex loan and if it is not understood then the loan closing can be delayed. I am very passionate about this exciting program it is so very important that everyone involved with this loan should be educated. Real Estate Agents are not friendly and some I found very arrogant. The agents that were more arrogant than others would refer me a client and tell me they would give me more loans once I got that loan closed. The agent knew that could not get the loan closed because the client’s credit was so challenged that the borrower could not buy anything.
I felt stupid, used and I was really angry, so I decided to do something about it. I decided to find product learn it well so that the agents would come to me. The product that I found was the FHA Renovation Loan Program and I decided that I would learn everything there was to learn about the product, then the agents would seek me out. I originated FHA, Va and Conventional loans, my niche product was the FHA 203K renovation loan program. The program is not widely used because it is a complex loan and needs to be fully understood by the loan officer. Continue reading