What are the Traits of Good California Mortgage Bankers?

Mortgage bankers have a responsibility to find the best potential client for their banks and guide potential clients through application process to the best deal available. While the most important thing is commission, they must be trustworthy, analytical and professional but accessible.

Information and Documents Required from Clients

This list can only give you an idea of what is required but it is not exhaustive

• Employment Status
• Credit History
• Salary and income and expenses statement
• Bank statements
• Divorce decree (if applicable)
• Signed sales agreement

5 Traits of a Good Mortgage Banker

1. Excellent communicator

Today messages can be lost in the different communication channels. It is best to stick to one or two communication methods that best suits you and your clients. Do not assume the message is received. Follow up. Be professional and don’t make clients feel like you are only interested in making commission.

2. Be property accredited

This will portray you as professional, knowledgeable and trustworthy. It tells customers that you care enough about your profession that you took time to craft it.

3. Knowledgeable

Learn all you can about your trade and the world around you. This will help you to always be ahead of competition. Clients feel comfortable if you answer all their questions to their satisfaction. You can only do this if you are knowledgeable and keep on improving your skills.

4. Transparent

A good mortgage banker will tell the good and the bad. Tell your customers the truth and save them future embarrassment. Talk to them about fees to be added to the initial amount. Afford your customers the curtesy to shop around for less interest rates they can afford. Even if the client has no problem with affordability be transparent with the numbers.

5. Focus on building good customer relations

Focusing on building good relations to create long-term loyal customers. Be easily accessible and ready to assists. Know your customers and offer them products and services that are tailor-made to better their lives. There are a lot of mortgage bankers offering the same products and services as you but your integrity is what make you stand out. Reward those customers who are loyal.

Type of Loans Offered by California Mortgage Bankers

• Hard Money Loan is short-term loan secured by real estate and funded by private investor. The term is usually 12 months but can be extended to 5 years.

• Quasi Hard Money Loan is a long term loan for commercial or residential purposes. It provides an option to fix interest rate and the term can be up to 30 years

• Residential Private Loan is a long-term loan for residential purposes with a minimum of $1,000,000 and a maximum repayment of 30 years

Conclusion

It is important to strive to be the best mortgage bankers who not only cares about getting potential clients but also take good care of clients and build long lasting relationships. Visit our website to learn more about professional California Mortgage Bankers.

Most trusted Top Mortgage Bankers Federally Chartered Bank in California. Blue Raven Group offers world-class service for top-generating loan originators. We look for the TOP Loan Officers that can bring in their own leads and do their own marketing.