Loan Processor

Wednesday, October 30, 2013

Additional Blog Post 3: Mentor Ship

"Filling away past loans of 2012"

I finally started to mentor at Source One Finance in Pasadena, CA. My Mentor and I went through all the loans of 2012 and started to file them in alphabetical order. As you can see there are huge filing cabinets filled with huge amounts of loans. I was looking through one and saw a check of 200,000 Dollars. It just shocked me how much people are able to borrow these days. I was mostly in the back for the entire day going through my stack. Then after my Mentor went through the loan process baby steps so I don't just listen to the entire process at once or else that would literally take 2 hours. Maybe thinking about going through an entire loan for my senior presentation by myself to show how everything is done and give tips to future Ipoly-citizens getting student loans.

Monday, October 14, 2013

Blog 8

1.) What is the best way for an average income family to refinance their homes?

2.) EQ: What is the best way for an average income family to refinance their homes?

  • Great Credit. Multiple ways to get Good Credit. Show benefits. Show how you are able to mess up little things that matter the most on your Credit Score.
  • Moderate Housing because with older buildings show lower value. Bad nieghborhoods show lower value, but in greater functioning communities values are high. 
  • Company Trust. Be able to provide all info within a month to benefit yourself. Don't go with companies that just say," Sign Here". Have a finance company that is able to guide you throughout the entire process.
3.) My Mentor because she's been doing this for 13 years and has seen the best to the worst cases.

4.) Mariana Gonzalez at Source One Finance. What I am doing is going through step by step on the loan process right next to her the entire time. First couple loans I have to learn where goes where and how the filing is done. Once I get the hang on it as my senior presentation I want to show how an entire loan is done.