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Digg it UP - What Every Borrower Wants to Know
The Greatest Day in History…Today is the greatest day in the history of the world! That statement sounds optimistic because it sounds promising and it feels good to say it. That statement is often said in the context of today being the first day of the rest of your life and one is appreci
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me
In any given market I expect to see a variance in price for the identical product X.The variance should not be significant even when a volume factor is introduced i.e. more traffic reduces the price to encourage even more traffic.Aside: Wal Mart offers low prices but have higher marg
1. What’s it gonna cost me? Everyone wants to know this whether they’re paying the costs from their savings or rolling them into the loan. Take the time to review the details of the Good Faith Estimate so that your borrower has a full understanding of what they’re paying and why.
2. Why should I trust you? Let them know who you are and give them reason to trust in your ability to get the job done. If you’re a veteran with a great track record, let them know that. If you’re new to the business, let them know about your company’s great track record. Assure them that you have the resources to make it happen.
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or lender.
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me?
Travel a lot on business?Wish you could breeze into a town with a briefcase and laptop and have an office ready for you? That’s not as farfetched as it sounds. Not if you know about executive suites and how they operate.Executive suites is a term used to describe rental office
1. What’s it gonna cost me? Everyone wants to know this whether they’re paying the costs from their savings or rolling them into the loan. Take the time to review the details of the Good Faith Estimate so that your borrower has a full understanding of what they’re paying and why.
2. Why should I trust you? Let them know who you are and give them reason to trust in your ability to get the job done. If you’re a veteran with a great track record, let them know that. If you’re new to the business, let them know about your company’s great track record. Assure them that you have the resources to make it happen.
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or lender.
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me
The goal of most businesses is to profit and give out the best products and services that they can offer to customers. For companies who manufacture sellable items, producing the end product is not the final step. You already know that your products will sell. The next thing that you need to do is
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or lender.
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me
Entrepreneurship has been defined by many psychologists and researchers in different terms having more or less the same meaning. Richard Cantillon, an Irishman, first defined the term entrepreneur and its unique risk bearing character, for the first time in the 18th century. But it is Alan Jacobow
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or lender.
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me
The following article lists some simple, informative tips that will help you have a better experience with instant background checks.Need some information fast on a blind date you set up? Maybe you are a small business with not a lot of expendable cash but you want to check out a few prospe
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me? Let them know what you’ve based their loan terms on. If a customer is not confident that you have their best interest at heart, they are likely to keep shopping around for something better while you are
Copyright 2006 Stephanie Graham
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