Mentorship
LIA Response to blog:
Literal
· Log of specific hours with a total and a description of your duties updated on the right hand side of your blog
https://docs.google.com/spreadsheet/ccc?key=0AvWMHldBwtI5dGl3cTdQaTRNVVU5Z1ZxQjJfWnFjdnc#gid=0
· Mariana Gonzalez - Source One Finance
Interpretive
What is the most important thing you gained from this experience? Why?
The most important thing I have gained from this experience is reading between the lines of every contract signed. Knowing that as a future CSU college student, I'm going to borrowing ridiculous amounts of money from federal loans and it's kind of scary when every borrower promises different things. Just from hearing stories and the videos we watch in class it is real easy to slip and get caught in a trap of debt fast. By learning from a loan officer point of view, I see the different tactics clients use in order to lock in a low interest rate.
Applied
How has what you've done helped you to answer your EQ? Please explain.
Referrals are what essentially drives the business of a loan officer. By receiving a lot of referrals means you're doing something right with a business partner, but if you aren't receiving a lot of business that's where you need to look and see what is wrong. My mentor, Mariana, has worked with previous loan processing businesses that have failed because of simple mistakes which looses the ability of maximizing any profit received,
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