I had a situation that happened with a fellow loan officer. I closed on a real estate transaction with private money. I asked my investor to use my Network to do his rate and term refinance. Well, he declined and went out of Network. The other loan officer keep giving him excuses over two months on why he could not get the loan done. I followed this transaction each week. I called my investor friend to see if he wanted to come back into the Network. He said just close the deal because he was paying a $50 per day diem along with an angry wife. Well, my loan officer submitted it to the same institution. He charged my client a 2% loan origination fee that was disclosed at the beginning. Now, he wants him to lower it to a 1% origination fee. He delivered what he promised-CLOSE THE DEAL AT ALL COSTS.
What would you suggest to your investor client? I need to have an answer by noon today.
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.
Phoenix Real Estate Resource Center
Follow Me On: 
Close the deal and build relationship
Great story line. Done Deal
Great input. Keep raining
Thanks for sharing another excellent post.