CHOOSING A LOAN OFFICER WISELY

Everyone wants to be smart. Or is that…intelligent? Or…wise? Anyway,  no one wants to come across as an idiot. Yes, idiot is a strong word, and really we just want to come across that we understand or know what we are talking about.

Today I was having a conversation with a colleague in my industry and we were talking about the personal choices that people make. Specifically, we were talking about running a mortgage bank, why some banks fail and some thrive, especially in the current environment. He explained his perspective that some people make (what he calls) intelligent decisions which are more what’s-in-it-for-me-now and may be great for the short-term but doomed to fail concerning long-term relationships and the growth and stability of the company. On the other hand, there are those who make wise decisions that not only try to accomplish the goals for the present but also (and more important) look toward the future for long-term relationship-building, trust, and mutual benefits.

I like this. Intelligence versus wisdom. And I thought about everyone who is thinking about buying a home and starting the mortgage process and my colleague’s ideas work well.  Those buyers who are only focusing on rate, trying to get the best “deal” right now (intelligence) are always at risk for issues not only down the road but even only just a little piece down the road–as in a few days before closing.

Choose a loan officer wisely.  A loan officer will certainly help with your loan for right now, but a great one will take into account and assist with your long-term goals and dreams and stability.

What do you think? Intelligent or wise?

Thanks Jim.

 

15 January 2008 | First Time Homebuyers, Loan Officers | Comments

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