Monthly Post

This month of March acceptance letters are coming up soon. I've been so far accepted to Cal Poly Pomona, St. John's University, Menlo College, and La Verne. Thinking about going out of state to St. Johns in New York. My parents however don't think of that option at all. There was an incident in my house already in which I'm getting calls from St. John congratulating me on my acceptance and telling my valuable information for incoming Freshmen and my parents just delete them in front of me. I thought it was cute at first, but now its ridiculous. I saw 3 mailed letters to me from St. John in the trashcan conviently when I was chosen in my house to take out the trash. I don't know where I'm going yet, but its my conscience decision on where I choose to lead my future.

Blog 18: Third Answer

EQ: What is the best way to maximize profit as a loan officer?

Answer #3: Loan officers choose effective ways to advertise to local evidence by proving that their business has affordable rates and accepts any loan.

1.) Using past loans as evidence - Using printed sources and mailing to local residents
2.) Forming a relationship with banks to gain more business - If applicants cant afford the bank's rate, they can be referred to us so they can still receive a loan.
3.) Using small local businesses to advertise - By advertising in other small businesses you spread the word of your business without spending a penny.

Research:


29 - "Advertising: The Basics". http://www.sba.gov/content/advertising-basics. Web. 22 Jan 2014.
30 - Ward, Susan. "Ten Low-Cost Ways to Promote Your Business". http://sbinfocanada.about.com/cs/marketing/a/bizpromotion.htm. Web. 22 Jan 2014.
44 - Flew, T. (2005). Advertising cultures. Australasian Marketing Journal, 13(1), 68-70. Retrieved from http://search.proquest.com/docview/199329333?accountid=10357

Blog 17: Interview 4 Questions

1.) How does Home Funding Corp. process loans quicker?

2.) What sites do you use to advertise?

3.) How is your experience so far as a Loan Officer?

4.) During the year 2008-2009, What was it that kept your business alive?

5.) Where there any changes that effected your business after the 2008 Crisis?

6.) What seems to be the common mistake when people file for a loan?

7.) What experiences have you encountered while working in Home Funding Corp.?

8.) What is the difference between a mortgage broker and a direct lender?

9.) How important is the loan to value ratio?

10.) What is the difference between interest rate & APR?

11.) Why should I refinance my home?

12.) How are you able to lock an interest rate?

13.) Do you personally think a broker is easier then a direct lender? Cheaper?

14.) How much money will I have to come up with to purchase a home?

15.) What are major consequences on defaulting on a loan?

16.) Is a VA Loan better than a conventional loan?

17.) Why doesn't your company affiliate with Escrow Companies?

18.) As a first time borrower does credit score really matter?

19.) Does having an insurance title beneficial in a loan?

20.) How are rates determined?

Additional Post 7 - UNDER NEW MANAGEMENT

I finally started to mentor at Home Funding Corp with my mentor Maria Paez and Ofelia Prieto 2 experienced loan officers. I got to meet her along with her co-workers that all help each other out processing loans. Funny thing is that there is a sign that does not allow escrow companies or 3rd party companies to enter the building. Even when escrow companies are needed to finalize loans. Maria just showed me the place and introduced me around the office as well as showed me another office which is a Century 21 agency that helps bring in her clients for a loan. She courteously gave me a folder to help answer any common questions that brings up during a loan and shows ways on how she gets her name known around town. Plus some awesome tricks to draw in clients because family is not always going to get you business. Can't wait for the rest of the year to get to know her.