The smoothness of a real estate transaction is very much dependent on the quality of the loan officer.
Before I started into real estate, I thought that it was simple--a buyer would go into a lending institution, and the loan officer on duty that day would take care of the process without much issue. My assumption has [unfortunately] been proven wrong.
As a real estate agent, I manage the overall aspects of the contract-to-close period of a transaction (time from an accepted contract until closing) like a project manager would--coordinating and providing details. That said, the one who holds the money to be lent gives the final go-ahead. What this means is that it is important to have a loan officer who stays on top of your file, not letting anything drop along the way. If an issue or delay of the closing date does occur, a loan officer who communicates well and works hard to get resolution is vital to help the transaction across the finish line.
Many of the loan products today are very similar. It is important to find a product that works best for you, and a trustworthy loan officer will help guide you.
I am happy to go into any additional details regarding what I see in the loan process or answer any other real estate questions you have.
Matt Gatewood
Realtor®
Keller Williams Louisville East
502-594-6582
No comments:
Post a Comment