What’s the deal with loan officers???

 Pin It
by on May 8, 2005

==========

OK, as a real estate agent, I have to say that loan officers are a pain in the rear.

Now don’t get me wrong, I know a lot of loan officers and some of them are great people. (and some of them are idiots–just like with any other group of people. Don’t EVEN get me started on real estate agents!)

But I can tell you one thing, FOR SURE. The loan officer involved in a real estate transaction is the SINGLE MOST IMPORTANT PERSON required to close a transaction on time. They are also the person in the best postion to screw everything up and delay closing–perhaps even blow the deal.

I know one guy (Kirk Howard – Bell Mortgage) that has docs in on-time, and correct–EVERY TIME.

I know one company (WELLS FARGO) that has failed to get docs in on-time, ANYTIME. And they’ve personally BLOWN two deals for me–and more importantly, they’ve caused two great clients of mine to lose out on the homes they wanted. I freakin’ hate Wells Fargo.

JT

Like, Tweet, share...

 Pin It

 

Other things you can do...

Search for Homes
Email Updates
RSS

Filed Under: On Being a Real Estate Agent

About the Author
Jay Thompson

I'm a real estate broker in Phoenix, Arizona and the publisher of the Phoenix Real Estate Guy blog. I tend to drive too fast and scream at the University of Texas and Denver Broncos football teams. My two kids are smarter than most adults I know and my wife is simply amazing.

Related posts

Bookmark and promote

The Phoenix Real Estate Guy runs on AgentPress

AgentPress is a specialized WordPress theme for real estate agents and brokers, powered by the industry standard Genesis Framework. With AgentPress on your team, you're empowered to get the most out of WordPress for online marketing.

Genesis provides the secure and search-engine-optimized foundation that powers any successful website. And AgentPress provides the specific listing and lead-generation functionality real estate pros need to succeed.

Find out more about AgentPress here.

Comments

We always appreciate your comments! Phoenix Real Estate Guy uses two commenting systems, Facebook and LiveFyre. LiveFyre is the most robust system (and easy to use!). It allows you to login with Twitter, Facebook, Google+ LinkedIn, OpenId, LiveFyre and as a "Guest". I recommend getting a LiveFyre account, it has some great features (just click the LiveFyre button when you write your comment).

 

BLOG COMMENT POLICY: We respectfully ask that you use your real name (first name only is fine) and not use keywords (Why no keywords?). The only real "comment rules" are be civil -- no personal attacks -- and no advertising. (See the full comment policy here). Opinion and debate are welcome, but attack the idea, not the person.

 

LiveFyre Comments

Comments have been disabled for this post.
Sort: Newest | Oldest
Tammy McHood

Great Post! The difference in any transaction can be the loan officer. Good or bad. Choose wisely or risk losing your deal as a real estate agent. A good agent should over-communicate. Under-promise and over-deliver. Never tell you "yes" when they should be saying "no". Make sure you are picking people with the right experience and people skills that you need to get your loan closed.

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Louise

That's the trouble with financing. I myself have had to deal with some pretty bad loan oficers who just don't get it that their approval can make or break a deal. In all my time as a real estate agent , just like you, most of my blown eals were loan-officer related. Why, there oughtta be a law...

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Tammy McHood

Great Post! The difference in any transaction can be the loan officer. Good or bad. Choose wisely or risk losing your deal as a real estate agent. A good agent should over-communicate. Under-promise and over-deliver. Never tell you "yes" when they should be saying "no". Make sure you are picking people with the right experience and people skills that you need to get your loan closed.

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Men Perfumes

This is a Great one !!! Thx for it

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Louise

That's the trouble with financing. I myself have had to deal with some pretty bad loan oficers who just don't get it that their approval can make or break a deal. In all my time as a real estate agent , just like you, most of my blown eals were loan-officer related. Why, there oughtta be a law...

share
  • spam
  • offensive
  • disagree
  • off topic
 Like

Facebook Comments

 

The ARMLS logo indicates a property listed by a real estate brokerage other than Thompson's Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 2/8/12 4:14 PM PST.

This IDX solution is (c) Diverse Solutions 2012.