Real Estate Professional Bill Burg
Real Estate ProfessionalForum Replies Created
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This is a tough industry right now. I agree. I know I’m seeing a shift but I just received 5 new aplicents wanting to buy in the last 2 days. I’m going to be able to help all of them because of the company I work for. It seems to matter much more today than ever before. It helps when you have 219 mortgage companies to choose from and over 5000 products. The lowest rates for the clients while at the same time paying the highest compensation for the loan officer to take care of them and their families. This is why I love working for my company they built the company for times like this.
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Hey Gunner. You sure can. All the available products. The problem is that some really great products are only available when it comes to commercial mortgages. Let me know if you what to know more. I’m happy to help.
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These are good questions.
Processing is very important to the process of getting to the finish line and is a service that is provided at a cost to the client in most cases even when working with a retail bank.
Here’s the difference between working with a contract processor and a processor for a bank or even a broker that keeps it in house so to speak. Banks and staff people in a internal capacity are on a salary as a base and then they may get a small bonus based on quality and volume of loans closed. If the processor isn’t receiving much or becomes satisfied with the money, they make they don’t have much incentive to work or make themselves available on evenings and weekends. Contract processors however only get paid if the loan closes. They get paid in a similar manner as you, so they are more committed to being engaged and available because of this. Of course, this blanket statement will always have an exception. Not everyone out there fits this statement but as a general rule this is what happens.
I hope this helps. I prefer working with contract processing. I’m also able to pick who I want to work with and build my own team. This isn’t available normally in the banking or internal processing options.
