Additional Blog Post 4: Mentor Ship

This past month I've been non-stop reviewing the loan process as a whole. My mentor, Mariana, and I did a loan for a Mr. John. I can say much about the loan, but he wanted a $400,000 loan. Apparently that's just the average loan according to Mariana which just astounds me. The details I can share are that he owns two properties which confused us because in past tax returns he only owned one, so this threw off our loaning process which delayed it by 2 days. We had to get a hold of the borrower and explain that the banks were going to see that as quite suspicious how he suddenly gained a property and never filed it on his taxes yet. That's another thing that the 2008 crisis caused was that every bank started to look into every detail precisely. Any little flaw that conflicts with the banks check list on every loan causes the whole loan to come to a stop. You can't blame the banks, but they are a pain to work with I can tell you that now. We went and fixed the problem it turned out he just wrote it out wrong. *Que Face Palm*. Just a friendly reminder from your friendly Loan Processor Mentor make sure you fill out things correctly. The loan took around 2 Weeks to go through.

Blog 9: EQ

a.     What is the most important factor in healthy weight loss?

No this does not meet the rule of 3 criteria. This just presents multiple answer question and but does not make a stance by not going into specifics. “What is the most important facot in healthy weight loss for adults ages 30-40?” You have to break down the question and go into as much detail as possible.

b.    What is most important to securing a conviction in a criminal investigation?

This does meet the rule of 3 because it makes sense, goes into detail on why kind of conviction, and you can look at past criminal cases to help your research to find what’s the most important.

c.     What is most important in creating a hairstyle that best satisfies a customer?

This does not follow the rule of 3 because it’s an opinion question. Each customer is unique in a way which research is not going to available. You can ask an EQ where the business aspect of running a salon.

d.    How can an Anesthesiologist best treat chronic pain?

This does follow the rule of three where you go into depth of ancient work of Anesthesiologists and see how ancient remedies are used today. Research on areas of the body where chronic pain happens the most. Tragedies that happened when the user may have over dosed.  

3.  Based on your review of the rule of 3 and your experience with assessing four EQs, please write another draft EQ for your senior project.

In today’s housing market, What is the most important factor for an average income family when applying for a loan?