If you are up to the application of a loan in these times or have been there before in the near past, then you know for sure how a task it is nowadays to get your loan approved and closed nowadays. One of the bottleneck causes for such difficulties is often like the case where you happen to have to have a loan officer or loan company that is just but incompetent in their services. Thus we give herein a list of the tricks that you will count on to help you land the best of the mortgage companies to deal with for your financial needs.
The first step is to have a compilation of a number of say, five or seven loan officers from the different mortgage firms around you. As a tip to help you with this need of a list compiled, it may be advisable to ask for recommendations from friends and relatives who have actually dealt with these companies in the past. You may as well think of having the opinion and advice from the real estate agents and the title company that you are dealing with so as to get further recommendations as to which companies would be the ideal ones to deal with for your mortgage financing needs. But the one thing you need to bear in mind is that you will only have to do with a single mortgage company at a time.
With the list so compiled in your roll, it will be then followed by the need to call all the names on the list. In your efforts to contact the mortgage officers, you will be of course keen enough to ensure that you are actually establishing the nature of the communication that will be there between you and the loans officer and the mortgage company in general. By and large, you will not be of the interest to enter into a contract with an officer who will prove a challenge to get hold of. In case you are facing challenge of any kind dealing with the loans officers in terms of their response to calls at the start of the contract, then you know for sure that these will be less than professionals as you will obviously face the same problems later dealing with them when you will be then under contract.
You are as well supposed to find out from the mortgage companies the number of the loans that they have managed to close in the last one month. Try and reach out to the last contacts that were advanced loans from the mortgage companies just to confirm the assertions given by the lenders.