7 Red Flags When Choosing A Loan Officer
What Out For These 7 Red Flags When Choosing A Loan Officer
Written By Francine Sinclair
Buying a home is pretty stressful, and that stress can be minimized or increased by the mortgage loan professional that you choose. While most Mortgage Loan Officers are very busy people who have to juggle a myriad of things and at the same time keep their clients happy, there is a certain etiquette that all professionals should follow. If you happen to find yourself working with a person that does not make you feel comfortable, it is your right to fire them. Below are some of the behaviors that when done regularly, can indicate if your Loan Officer is up to par.
- Condescension: You feel that your Mortgage Loan Officer thinks you’re an idiot.
- No return phone calls: You frequently wait more than 24 hours or longer for a return phone call, text or email.
- Rushes you off the phone: You can barely get a word in, and when you do, you can barely finish your sentences.
- Is strictly business all the time: You don’t know anything about your Mortgage Loan Officer other than his name and where he works, and he doesn’t know anything about you outside of what is on your mortgage application.
- Over promises and under delivers: When you notice a pattern of being promised certain outcomes during the transaction, just to hear on a regular basis: “I’m sorry but….”
- Preoccupied when speaking to you: When you are speaking to your Mortgage Loan Officer and there are long pauses on the other end and you can tell that he did not listen to anything you said.
- No explaining: If your Mortgage Loan Officer hates questions and doesn’t like to explain when asked.
About The Author: Francine Sinclair
Francine Sinclair is a guest writer for Gustan Cho Associates Commercial And Residential Mortgage Information Center. We have asked Francine Sinclair to be one of our expert writers and are blessed and honored that she agreed. Francine Sinclair is one of the most rounded and experienced individuals I have ever met. Francine used to be a mortgage loan officer and also has extensive experience in investing in real estate and is an expert in all areas of real estate and mortgage lending. Francine Sinclair is knowledgeable in all aspects of life in general and we are looking forward to her writings. Stay tuned.