MortgageLoanOfficerRants

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[MortgageLoanOfficerRants @MLORants]

@mrsunbubbles @NAR_Research @nardotrealtor “Refinance later” said by the person not paying for the refinance.

[MortgageLoanOfficerRants @MLORants]

@HomeLoanBill Hope they appreciate it.

[MortgageLoanOfficerRants @MLORants]

Time vampires would never work for free yet they insist on wasting your time.

[MortgageLoanOfficerRants @MLORants]

@ramit Client: Other lender gave me the lowest rate!

Me: is the rate at par or with points?

Client: ❓️

[MortgageLoanOfficerRants @MLORants]

24/7 access before commitment? Loyalty one way is stupidity.

[MortgageLoanOfficerRants @MLORants]

@MortConsumCoach So dirty

[MortgageLoanOfficerRants @MLORants]

*because

[MortgageLoanOfficerRants @MLORants]

Just becuase you don't escrow doesn't mean you won't have taxes and insurance due at closing.

[MortgageLoanOfficerRants @MLORants]

If you burn someone once, don't be surprised if they don't want to work with you later.

[MortgageLoanOfficerRants @MLORants]

@MortConsumCoach K

[MortgageLoanOfficerRants @MLORants]

Shoppers gonna shop. Don't waste your time.

[MortgageLoanOfficerRants @MLORants]

@MortConsumCoach Some shoppers are never satisfied. At a certain point you have to decide if it's worth your time. Sounds like you have a system to make it worth your while.

[MortgageLoanOfficerRants @MLORants]

@UziCryptoo Most would take 12-17% interest rates for starter homes 2-3x yearly income.

[MortgageLoanOfficerRants @MLORants]

By "free refinance" do you mean rolling the costs into the new loan and increasing the principal balance?

[MortgageLoanOfficerRants @MLORants]

Shoppers love to brag about their "low rate" but their brains break when I ask about points, origination costs, lender/seller credits.

[MortgageLoanOfficerRants @MLORants]

When you go with the "cheaper" loan officer who doesn't explain what your future property taxes will be 😱

https://t.co/UA187y3OI8

[MortgageLoanOfficerRants @MLORants]

@PatsKam As a loan officer who looks at income/credit reports daily, it's usually debt. Crazy part is, many people surf debt to keep the illusion going.

[MortgageLoanOfficerRants @MLORants]

Beware of time vampires.

[MortgageLoanOfficerRants @MLORants]

Coworker decides to bend over backwards and go above and beyond for to get a borrower pre-approved. Days later, borrower comes back with contract but is "shopping around". Learn to set boundaries.

[MortgageLoanOfficerRants @MLORants]

@clearSNR Take the par rate and save your money OR take the point costs and add it to your down-payment and take the par rate.

Typical Borrower: "BuT tHe RaTe iS LoWeR" as they pay thousands in points with no seller/lender credit.