If you are an experienced Loan Officer you are always looking for ways to streamline your business. Let's face it, this is a numbers game! The more loans you can close in the shortest period of time; the more you make per hour. And, it is the nature of this industry that you spend a whole bunch more time on some files than you do on others. Nothing gets the attention of a Realtor faster than a call from a Loan Officer with the news that the file will close early. Wouldn't you like to be that Loan Officer?
This search engine was developed to help you, as a Loan Officer, maximize your time. Every Loan Officer I know has their favorite lenders. It is better to build a solid relationship with a few Account Exectives, than to spread your files across a dozen Wholesalers who will naturally see you as a once-in-a-while loan officer. The problem with having only a few is obvious. What do you do with the file that none of your core Lenders can approve? There are many files that do not fit anything but a niche program. It can take a long time for a Loan Officer to track down that niche program. How often do you need an Interest Only Second behind a Neg Am First? But, the client you need it for is probably a repeat client who doesn't want to hear "No" from his loan officer.
That is where the Mortgage Search Engine steps in. This is a tool. It is not a light-weight tool. It's purpose is to find the difficult and unusual loan programs for you. It is designed to help Loan Officers make more money in a shorter period of time. This is where an Account Exec and a Loan Officer can get together to close loans quickly.
This Loan Officer tool is still under construction. In time you will find other valuable resources here to help your career as a Loan Officer.
As a newer Loan Officer it can be overwhelming to learn everything you need to know. Clients have many different needs, credit reports have dozens of possible problems and the variety of loan programs is staggering! Often, just when you need them the most, your sales manager is unavailable. This Loan Officer Tool was designed for you, the Loan Officer. You can concentrate on finding more clients rather than finding loans for clients.
Loan Officers and Account Executives have the same problem; never enough business. Lenders have to spend most of their time trying to locate business that fits their Loan Guidelines. So the smart Account Execs come here to find Loan Officers and loans. They store their loan programs and keep them updated. Account Execs WANT Loan Officers to be able to find them. This is one of those rare Win, Win, Win relationships. The Loan Officer wins, the client wins and the Lender wins. What could be better?
This Loan Officer tool is still under construction. In time you will find other valuable Loan Officer Resources here to promote you career as a Loan Officer.
Are you responsible for a team of Loan Officers? It can be satisfying, challenging and frustrating by turns. The last thing you need is the knowledge that your loan officers can't find a loan program.
Think of the Mortgage Search Engine as you own personal filing cabinet full of loan programs. Some programs you will need often and many you will only need once in a while. But, no matter how long it has been since your Loan Officer needed a special program, your filing cabinet always has the details ready..
Do you already have niche programs that you want stored in the Mortgage Search Engine for your Loan Officers? We'll get them added.. Or give your Wholesale Account Exective the web site and they can sign up. We all need an edge; Wholesale Account Exectives, Loan Officers and Mortgage Brokers alike. This Loan Officer tool is a team approach to solving the member's individual problems. Rather than finding more new clients, your Loan Officers can close more of the files they have. It makes your sales team more efficient and improves your closing average. It also frees up your precious time. Instead of a parade of younger Loan Officers through your office every day looking for the right wholesale lender, your Loan Officers can programs for themselves and present you with a file that's headed for processing.
This Loan Officer tool is still under construction. In time you will fine other valuable resources here to your Loan Officers.
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