Comments on: Are You Working With a Part-Time Lender? http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/ Home loans made easy Fri, 21 Nov 2008 20:22:04 +0000 http://wordpress.org/?v=2.3 By: LendingClarity.com » Blog Archive » 100% Financing Pullback hits Prime and ALT A http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-14154 LendingClarity.com » Blog Archive » 100% Financing Pullback hits Prime and ALT A Mon, 16 Jun 2008 23:34:00 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-14154 [...] mortgage broker you can trust, and forget about using an inexperienced friend or family member or part time lenders. Most of the horror stories I hear involve abuses by inexperienced people you thought you could [...] […] mortgage broker you can trust, and forget about using an inexperienced friend or family member or part time lenders. Most of the horror stories I hear involve abuses by inexperienced people you thought you could […]

]]> By: LendingClarity.com » Blog Archive » Is Mortgage Insurance The Next Domino? http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-13091 LendingClarity.com » Blog Archive » Is Mortgage Insurance The Next Domino? Wed, 24 Oct 2007 04:26:51 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-13091 [...] Does your lender keep you informed about these potential changes? Is your lender full-time? Don’t entrust important financial decisions to an amateur. Call me. Bookmark this article: « “Timely Rewards Payment Option”–Fannie Mae’s Best Kept Secret [...] […] Does your lender keep you informed about these potential changes? Is your lender full-time? Don’t entrust important financial decisions to an amateur. Call me. Bookmark this article: « “Timely Rewards Payment Option”–Fannie Mae’s Best Kept Secret […]

]]> By: LendingClarity.com » Blog Archive » Preventing Fallout: 5 Questions Every Agent Should Ask (Part II) http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-12927 LendingClarity.com » Blog Archive » Preventing Fallout: 5 Questions Every Agent Should Ask (Part II) Tue, 25 Sep 2007 00:22:57 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-12927 [...] This series was inspired in part by a friend who is a very successful Realtor. He maintains that 90% of the fallout today is caused by bad lenders. With so many new folks in the business, there are plenty of incompetent and unscrupulous people. Some are your client’s friends, some family members. Most are inexperienced. Protect yourself. [...] […] This series was inspired in part by a friend who is a very successful Realtor. He maintains that 90% of the fallout today is caused by bad lenders. With so many new folks in the business, there are plenty of incompetent and unscrupulous people. Some are your client’s friends, some family members. Most are inexperienced. Protect yourself. […]

]]> By: LendingClarity.com » Blog Archive » American Home Mortgage Falls as Credit Markets Tighten http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-12531 LendingClarity.com » Blog Archive » American Home Mortgage Falls as Credit Markets Tighten Thu, 02 Aug 2007 02:42:40 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-12531 [...] As always, work with a full-time mortgage pro who can stay on top of the changes in the market and guide you to a successful close.  Things are getting wild. Bookmark this article: « Another Wave of Mortgage Underwriting Changes [...] […] As always, work with a full-time mortgage pro who can stay on top of the changes in the market and guide you to a successful close.  Things are getting wild. Bookmark this article: « Another Wave of Mortgage Underwriting Changes […]

]]> By: Marc Brinitzer http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-694 Marc Brinitzer Thu, 15 Mar 2007 18:10:47 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-694 Brian, thanks for stopping by and leaving comments. I am honored! Marc Brian, thanks for stopping by and leaving comments. I am honored!
Marc

]]> By: Brian Brady http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-692 Brian Brady Thu, 15 Mar 2007 06:50:44 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-692 This was a really good post, Marc. Your comment about "lending isn't rocket science but it is a business of a thousand tiny details" is right on. I am sometimes overwhelmed with 120 + units a year; 3-4 times that production seems a monumental task. This was a really good post, Marc. Your comment about “lending isn’t rocket science but it is a business of a thousand tiny details” is right on.

I am sometimes overwhelmed with 120 + units a year; 3-4 times that production seems a monumental task.

]]> By: Marc Brinitzer http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-314 Marc Brinitzer Wed, 28 Feb 2007 17:26:14 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-314 Thanks for stopping by and commenting Ron. Client relationships are our most precious asset. It amazes me that we put them at risk in this way. It's more important than ever to protect our clients interests and our relationship with them if we are to have the privilege of doing business together in the future. Moral: know who you're dealing with and insist on experience and competence. Thanks for stopping by and commenting Ron.

Client relationships are our most precious asset. It amazes me that we put them at risk in this way. It’s more important than ever to protect our clients interests and our relationship with them if we are to have the privilege of doing business together in the future.

Moral: know who you’re dealing with and insist on experience and competence.

]]> By: Ron Ares http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-310 Ron Ares Tue, 27 Feb 2007 16:08:24 +0000 http://www.lendingclarity.com/2007/02/26/are-you-working-with-a-part-time-lender/#comment-310 I have a similar story. My clients switched lenders mid-stream to work with a very nice, very competent, but very part-time lender. Everything's fine until he hands it off to his co-ordinator, and heads back to his other life. Short story....no communication, no accountability, no immediacy....delayed closing, panicked buyers who are upset that the "professionals" (me, included) should have been able to avoid this disaster. Tarnished reputations all around. Moral: if you can't get in touch with your lender within 15 minutes, you run the risk of major disappointment down the road. Lots of people can sling loans, but they can't advocate for you if they are otherwise employed. I have a similar story. My clients switched lenders mid-stream to work with a very nice, very competent, but very part-time lender.

Everything’s fine until he hands it off to his co-ordinator, and heads back to his other life. Short story….no communication, no accountability, no immediacy….delayed closing, panicked buyers who are upset that the “professionals” (me, included) should have been able to avoid this disaster. Tarnished reputations all around.

Moral: if you can’t get in touch with your lender within 15 minutes, you run the risk of major disappointment down the road. Lots of people can sling loans, but they can’t advocate for you if they are otherwise employed.

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