{"id":1223,"date":"2007-03-27T00:03:40","date_gmt":"2007-03-27T07:03:40","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1223"},"modified":"2007-03-27T00:30:58","modified_gmt":"2007-03-27T07:30:58","slug":"what-do-i-want-in-a-loan-officer","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1223\/what-do-i-want-in-a-loan-officer\/","title":{"rendered":"What Do I Want In a Loan Officer?"},"content":{"rendered":"

Todd Carpenter wrote:<\/p>\n

Hey Greg,<\/em><\/p>\n

Now that REMBEX is working the way I want it to, I’m resurrecting my other pet project. It’s an all free training web site for new loan officers. Details are here. <\/em>http:\/\/blog.mariah.com\/2007\/03\/open-source-mortgage-training-manual.html<\/em><\/a>
\n
\n<\/em>I would really like to get a real estate agent’s perspective on what they think a new LO needs to know in reviewing the contract and purchase process. I know you are busy moving your web site and training your protege, but maybe you know of someone else who can write an article for the project if you don’t have time. Even a word about it on your blog would be appreciated. I’m accepting volunteers for the other sections as well. <\/em>
\n
\n<\/em>BTW, I know you are a Mac guy. I just upgraded to a 24″ iMac and am self-learning to use Keynote & Garage Band to make training videos for some of the key topics. The finished product should be pretty cool (I hope)! <\/em>
\n
\n<\/em>
\nThank You!<\/em>
\n
\n<\/em>
\nTodd Carpenter<\/em>
\nmariah.com<\/em><\/a><\/p><\/blockquote>\n

First, a disclosure; I am not an expert in loans, lenders or what they “ought to know”. But I am very comfortable in answering the question I used for the title of this post: What Do I Want In a Loan Officer? I’m not looking for one just now, because I have one who perfectly fits the description I’m about to write. How did I get her? Almost by accident, one of my Buyer Agents, Therese – who was making the transition into being one of my Listing Agents – said she had several good experiences with Kathy Rhubottom with O’Dowd Mortgage. Several “good experiences” consisted of the loans closing when they were supposed to and here is the “big one”: she was only told things that happened to be true. In the almost three years we have done business with Kathy, every deal – with two exceptions – closed on time. Both of those exceptions were title company errors, not the lenders. When Kathy said a deal was a makable deal, guess what? It actually closed.<\/p>\n

Do I think Kathy is remarkable in her knowledge? No. I didn’t even meet her Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Todd Carpenter wrote: Hey Greg, Now that REMBEX is working the way I want it to, I’m resurrecting my other pet project. It’s an all free training web site for new loan officers. Details are here. http:\/\/blog.mariah.com\/2007\/03\/open-source-mortgage-training-manual.html I would really like to get a real estate agent’s perspective on what they think a new LO […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,6,5,10],"tags":[],"class_list":{"0":"post-1223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-marketing","8":"category-real-estate","9":"category-realty-reality","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9331,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9331\/is-activerain-selling-loan-officers-an-exlusive-opportunity-or-just-selling-their-real-estate-agents-out\/","url_meta":{"origin":1223,"position":0},"title":"Is ActiveRain Selling Loan Officers An Exclusive Opportunity, Or Just Selling Their Real Estate Agents Out?","author":"Mark Madsen","date":"July 29, 2009","format":false,"excerpt":"I've received a few emails and calls from my loan officers this week about some new exclusive opportunity that Activerain.com is pitching to the mortgage industry. Apparently, Active Rain is cold calling mortgage professionals who have an AR blogging history and offering them an \"extremely rare opportunity\" to pay $299\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"active_rain_making_money_off_the_backs_of_loan_officers_by_using_agents_as_a_carrot","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/active_rain_making_money_off_the_backs_of_loan_officers_by_using_agents_as_a_carrot.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1236,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1236\/predatory-coaching-for-realtors-and-loan-originators\/","url_meta":{"origin":1223,"position":1},"title":"Predatory Coaching For Realtors and Loan Originators","author":"Brian Brady","date":"March 29, 2007","format":false,"excerpt":"Are you a victim of predatory coaching? There are many advice gurus available to Realtors and loan originators. I watch our industry grow and am amazed at the cottage industries that have hatched from that growth. It reminds me that the only people really making money in multi-level marketing sell\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11762,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11762\/fha-va-tip-the-amendatory-clause\/","url_meta":{"origin":1223,"position":2},"title":"FHA\/ VA Tip: The Amendatory Clause","author":"Brian Brady","date":"April 13, 2010","format":false,"excerpt":"Here's a tip for real estate agents, when presenting an offer with FHA\u00a0 or VA financing; include the FHA\/VA Amendatory Clause to the Purchase Contract as part of the offer.\u00a0\u00a0 You'll save you, the seller's agent, the escrow company, the lender, and most importantly your buyer, a lot of last\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":838,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/838\/do-you-need-to-come-to-jesus-over-your-home-loan\/","url_meta":{"origin":1223,"position":3},"title":"Do you need to Come to Jesus over your home loan . . . ?","author":"Greg Swann","date":"January 2, 2007","format":false,"excerpt":"David Saks sent this along. I'm sure it's bogus, but it's funny anyway. Technorati Tags: real estate marketing","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":463,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/463\/blogoff-post-86-ask-the-broker-what-does-pre-qualification-mean\/","url_meta":{"origin":1223,"position":4},"title":"Blogoff Post #86: Ask the Broker: What does pre-qualification mean…?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is a question I'm hearing every day right now:What does pre-qualification mean?Why am I hearing that question? Because I'm representing the seller in a house that is not closing, day after day. So what does pre-qualification mean? Nothing. What does loan qualification mean? 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