Blogging About Loans: Have the closing docs been sent yet?

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Have the closing docs been sent yet?

Have you had issues with getting your closing documents to the
closing table on time? Why? Is it the company? Is it the processor? The
closer? The title company? Maybe all of the above??

 

And with all the changes in the industry it's hard sometimes to
identify what or who is to the cause of the delay. (I actually feel
sorry these days for the mortgage brokers! Will they EVER get a break??
It seems every regulatory change knocks one more chink out of their
armor.) 

 

But when we get right down to it, it's usually making sure you start
with the right loan officer!

  1. A poor loan officer in a poor enviornment will surely result in a disaster.
  2. An inefficient loan officer in a company with great systems can even survive, at least most of the time.
  3. And certainly a good loan officer in an inefficient system will eventually fail.

 

So, it's not just what loan officer you work with but what COMPANY
your loan officer works with that will produce the result you desire:

CLOSING DOCS ON TIME WITH NO SURPRISES!

 

Donna Foerster recently posted a blog about a program called www.Xtranormal.com that produces animated videos with very little personal techno skills. I had first heard about this program almost a year ago, but couldn't help getting sucked in again. It's so fun and so easy, so I had a little fun last night and produced a video called:


"A day in the life of a mortgage manager"

 

Hope you find it humorous:

When the time comes to find a mortgage lender, find the right LOAN OFFICER and the right COMPANY.

Call me today to start the mortgage process if you are seeking a smooth mortgage loan process!


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 13 commentsRuth Vogt • October 23 2010 12:54PM

Comments

HAHA Ruth! I loved this video, it's so funny and I especially laughed at the "awesome!" part!  What a riot! So have the closing docs gone to the Title Company ?  :-)

Posted by Mary Douglas, REALTOR, Red Feather Lakes, Colorado (United Country Ponderosa Realty, Red Feather Lakes, Colorado) about 8 years ago

So, are the Miller docs ready or not?  I am also curious.  And can I have the number of this broker.  He seems all together.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) about 8 years ago
Funny video! I think the guy said his processor's name was Andrea. Luckily, we've had pretty smooth closings lately.
Posted by JoAnn Moore, Home Loans in Delaware (The Mortgage Market of Delaware) about 8 years ago

Mary and Jane, You'll be happy to know we went into the office today and got the docs sent off to title!

JoAnn, That's because YOUR Andrea knows how to process AND originate. Is she here in Colorado yet? Make sure she contacts me when she gets here, please.  :)

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) about 8 years ago
Wow...I got an honorable mention! Woot woot! I think you did a great job using the video to get your message across.
Posted by Donna Foerster, Metro Denver Real Estate Agent (HomeSmart Realty Group) about 8 years ago

Thanks, Donna! It's a fun program, isn't it?? Thanks for mentioning it... I found myself hooked again!

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) about 8 years ago

Ruth- Great job on creating this. It is just too funny! How long did it take to create?

Posted by JoAnn Moore, Home Loans in Delaware (The Mortgage Market of Delaware) about 8 years ago

HAHAHA! There are actual tears rolling down my face! I love when they have no idea if it's even cleared to close, and they're wondering where their docs are. Like it doesn't even matter if it's ready to close or not.

 

Great job!!!

Posted by Andrea Moore (The Mortgage Market of Delaware) about 8 years ago

Ruth- I'm not in CO yet. There's been a little postponement. It might happen in May now.

Posted by Andrea Moore (The Mortgage Market of Delaware) about 8 years ago

JoAnn, It took me a couple of tries... as soon as I thought I was done, I'd have to go back and add another segment... and then another. So, by the time I was done, it took me about an hour or so. But it was a fun hour.

Andrea, What is sad is there are LO's out there that really think like this! May, huh? Well, May is beautiful, too!

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) about 8 years ago

What's even more sad is that almost all Realtors I know think like that.

Posted by Andrea Moore (The Mortgage Market of Delaware) about 8 years ago

I don't know what the problem is but I have seen quite a bit of it lately - and cutting it dangerously close on short sales!

Posted by Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) almost 8 years ago
Andrea, sad indeed! Michelle, Short sales will be the death of us yet. We wait and wait, and then "BOOM", it gets approved and has to close yesterday!
Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 8 years ago

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