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 10:Senior Project: The Holiday

Content:

1.  It is important to consistently work on your senior project, whether it is break or we are in school.  What did you over the break with your senior project?

Got familiar with the loaning process and tried to complete a loan with few mistakes. Shredding past loans processed in 2009 - 2010.

2.  What was the most important thing you learned from what you did and why?  What was the source of what you learned?

You have to look at all the little things because every little thing counts in a loan. For instance with my situation with owning a property, but never have done the taxes for it. Every since 2008 every bank has learned to be strict to ensure safety of not loosing money. My mentor is my source because the loans of 2009 were the bare minimum to get by living.

3.  If you were going to do a 10 question interview on questions related to answers of your EQ, who would you talk to and why?

My Mentor Mariana at Source One Finance because shes taking the time to show the process of how a loan goes through a broker and funder.