In any industry, the question begs the answer. What makes him/her good at what they do? What makes a good mechanic, doctor, bartender, secretary, plumber, insurance agent, stock broker, professional roller derby referree, etc, etc, etc? For this forum, this less than insightful and totally ridiculous blog, I will focus on the financing professionals in the real estate industry, Loan Officers. So I say, in fact I beg, and the question is, "What makes a good Loan Officer?"
- Tells you what you want to hear
- Always has the lowest rate and no fees
- Wears a badge
- Works a long & grueling 20 hour work week
- Never delivers bad news
- Is too busy to return phone calls promptly
- Delivers rate sheets & donuts to their realtor friends
- Charges Application Fees
- Can quote you accurate rates just by you asking the question, "What's your rate?"
- Can take your application in less than 5 minutes
- Doesn't worry if you think your property is only worth $350K and you need $400K to make the loan work, they 'Know A Guy'
- Can get you a mortgage for a $350,000 house at the low, low, payment of $650.00 a month and never mind what is going on 3 years down the road.
- Is a fast-talking, smooth walking, kiss stealing, dealing & wheeling, works at home in their bathrobe son of a gun.
The preceding was paid for by the Committee to elect Gus Hall for President.
And they are the ones that don't last
I liked that. Very funny
Ben