Your Loan Officer Is Not Your Friend (continued…)
December 15, 2009 by Kristin LaVanway · 2 Comments
Yesterday, Justin McHood posted a great article in which he discusses the very blunt reality that “… many people are surprised to learn that a loan officer works for the bank, he does not work for you.” (Check out the whole post at http://www.phoenixrealestateguy.com/your-loan-officer-is-not-your-friend/). Here is my two cents on the topic…
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I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have teamed up with Dean Ouellette to form the East Valley Team - the best darn team in the Valley. Check out our site at http://www.EastValleyTeam.com. I spend way too much time on YouTube - check ou tmy channel at http://www.youtube.com/klavanway
and the realtor is your friend??? they earn 3% of the purchase price when the loan officer who breaks their backs to get borrowers with crappy credit approved would earn 1//2 of 1% of the loan amount. who should your trust????
just tell the truth lady….
you earn 3% of the purchase price no matter how much or how little you do for your client.
if every loan officer made 3% of the loan amount we would still be behind. and of course we only earn or get paid 1/2 of what the borrower pays, i don’t believe that is the same with realtors.
show a home write a contract make a fortune and blame the loan officer if things don’t go well….
unbelievable comments.