I received an email the other day from a friend of mine who is a loan originator also. She was very frustrated because of a couple dealings with real estate agents in the last several weeks and wanted A) Advice B) To vent C) All of the above. Being a smart guy (it took me a while to learn), I provided only B. Sometimes they really don’t want the advice, just to vent. That however is a topic for another day.
To summarize, she is tired of Realtors wanting to control every aspect of the transaction, up to and including checking up on the loan process every other day. While I am choosing my words carefully here, she seems to think they are overbearing, egotistical, obnoxious, etc. Certainly she has not had a positive experience with these agents in particular. In one particular case, the agent set up a closing date that was only a couple weeks away; before my friend even had the signed purchase agreement. There was almost no way this could close in that amount of time given the average turn-around from the lenders. This even assumes that the lender finds NO issues (fat chance) and that the entire package is approved right away. She even told my friend that her (the agent’s) preferred LO could close the loan in two weeks.
She even felt that the agent was trying to steal her client to give to another LO. What do you do? Even if this was someone I didn’t know, I would be concerned that this would not be a very positive experience for anyone involved.
Although I didn’t say anything at the time, here are my thoughts…..
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Scott
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Scott Swinford
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Ssott~ I am a Realtor and can not understand those kind of reactions from the agent. I beleive everyone needs to work together to make it all fall in to place!