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Braheem, former co-founder of Loan Toolbox — an online resource for training, tools, support and coaching — launched The Loan Atlas, a mortgage coaching platform, earlier this year with mortgage executives and top loanofficers joining as faculty members.
The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loanofficer (LO). Lending decision-makers can easily reward that mindset by making available a healthy number of workshops, webinars, seminars and mentoring programs.
It must maintain a full-service branch initially opened in December 2023, open a loan production office in these neighborhoods, and hire “at least two full-time loanofficers to solicit mortgage applications primarily in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick area.”
Additionally, this solution provides greater visibility into title clearance and expected clear-to-close date and pricing, to help loanofficers set clear and realistic expectations with borrowers from the start. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.
Both borrowers and loanofficers face a changed—and changing—landscape. Hosting first-time homebuyer seminars can also establish your presence and credibility. You also learn a lot of new things, which is especially important for rookie loanofficers. The one thing that no other salesperson has is you.
So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loanofficer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loanofficer at Fairway Independent Mortgage.
Alex Naumovych, a loanofficer at Draper & Kramer , has noticed similar trends in his work at a lender. We do a lot of seminars,” Armstrong explained. “I I do the real estate portion and I have my lender come in and do the VA loan portion.
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