As a loan officer, you’re no stranger to the challenges that come with telecommuting. If you’re struggling with this transition, you’re not alone. To streamline this process, industry leaders have provided expert advice on how remote loan officers can overcome these difficulties.Abide By A Schedule With
If you are a loan officer and want to get the most from your borrowers, help them understand the lending process and what it means to them. Go over different credit factors and how they affect your clients over the long run. Make sure you
Without a steady stream of new, prospective, and loyal clients, loan officers would fail to get by. It’s for this reason why it’s imperative for loan officers to attract and retain customers. While this is certainly easier said than done, below are some ways that
If your client is having trouble getting a mortgage approved, you are likely wondering what you can do to solve the problem and help them get the loan they seek. You don't earn your commission if your client is not approved. The good news is
Applying for a loan is undoubtedly a stressful process. With so many details and steps to account for, making mistakes seems almost inevitable. Fortunately, with your guidance, expertise, and the following advice, you can provide peace of mind while improving the chances of your client’s
Homeowners across the United States have suffered severe income loss due to the COVID-19 pandemic. As the unemployment rate has risen in many states throughout the country, homeowners are becoming delinquent on their mortgages. As the percentage of homeowners with past due mortgage loans rises,
Eligibility For VA IRRRLs If your clients have a VA loan and are interested in lowering their interest rate, you should consider offering them the option of applying for the Interest Rate Reduction Refinance Loan. Abbreviated as IRRRL, this refinancing option allows veterans and military families
Due to the high costs of new construction, construction loans stand at the heart of the entire construction industry. Without builders having readily available access to financial resources, housing and commercial building projects would never see the light of day.As a lender, it's essential that
Rarely have interest rates on home mortgages been lower. The average interest rate for a 30-year loan has been around 3%, and the rate for a 15-year loan has approached 2.5%. Because of the drop-in interest rates, the price of houses has actually gone up
Of the many small businesses that apply for loans every year, only half are approved. According to lending experts, there are four primary reasons why small business loans get rejected.Credit ProblemsBad credit or no credit is a red flag for lenders. Would you loan money