Most Popular: | 1. | Q. What websites do you recommend we visit to keep up to date on the latest mortgage information.
| | 2. | Q. When is good time to disclose GFE and application fee ( $ 395 upfront fee )to clients? I found from my experience by talking to them upfront in the beginning makes them hesitant to go deeper w/ us? ANd this disclosure is after I have obtained some info. from them and know they should be qualified. However, to tell them upfront honestly seems to make them hesitant. What is better timing or expression to disclose these sensitive paperworks to them? Or When they ask, what is our strategy to handle so they don't feel costly or risky to pay upfront fee? Thx!!
| | 3. | Q. I started 6 weeks ago as an L.O. for a well-known local mortgage banker. I was previously a prominent retailer that was bought out of a partnership. I am well known in my business community, but not in my new field. My question is: I want badly to implement the 5-postcard marketing program you offer. Is this too late in the year to start it, meaning should I wait until after 1-1 to do the first mailing since so many realtors take time off during the holidays?
| | 4. | Q. I want to pursue more commercial Loans. what kind of tip can you give a fresh starting commercial loan officer on how to establish steady commercial business.
| | 5. | Q. At what point does it make sense for a loan officer to think about hiring an assistant? I hear that one needs to hire an assistant to take business to the next level. Is there a rule of thumb where every "X" number of loans you get per month, you should hire an assistant?
What payment structure do you recommend? Salary plus bonus? How much would you pay per hour?
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