Update on Jumbo Loans and We're Hiring!

Hi everyone, I know I’ve been absent from the postings a bit the last 2 weeks.  I was at our annual convention last week and between all the awards and compliments I couldn’t find time to write (actually it was 3 days of meetings and hearing about our executive’s golf handicaps).

You’ve all been keeping us so busy that it’s getting harder and harder for me to find time to write.  Mind you, I’m not complaining and we are again actively interviewing for more help.  So, the first part of this, is to ask if any of you know of any well educated loan officers?  As most of you know, we generally like to hire only the hardest working and the most education committed loan officers.  We feel that we’ve had great success with this approach, but it does makes hiring a challenge as there are less of these in the business than ever before.  We offer an industry leading compensation package including 401k, base pay, commission, and health insurance.  If any of you know displaced loan officers or former managers looking to simplify their duties, I hope that you’ll think of us at Eagle Nationwide.

Most of you know that we are very competitive from a rate standpoint and I wanted to bring to your attention a loan that we are seeing used over and over.  Our “Agency Jumbo” loan has been one of the best programs out there for well qualified borrowers.  Thursday of last week I locked an $855,000 purchase at 6% on a 30 year fixed with no points or lender fee’s. 

I will say that access to this loan can be limited for some borrowers, but we are closing these deals often.  I know it may be surprising to hear, but parts of our jumbo market are VERY strong.  We bank a lot of these loans and are able to out price most (all) of our competition, I have yet to price one that didn’t get an exuberant “REALLY!” from the customer.  The next time you have a well qualified buyer that you want to impress, tell them to call me; I promise they will thank you up and down.

As a quick final note, I wanted to say how much I believe this is a great time to be in the real estate business.   A professional that knows what he/she is doing is richly rewarded in times of turmoil because of the heightened need for clients to trust the professionals they rely on.  If you find yourself not sure of something on the lending side, please ASK ME.  A quick email or phone call can make a big difference.  Customers are drawn to competence in a changing market like flies to light.   They will respect you not only for your knowledge, but for your ability to find correct answers.  Let me help you look good, it’s the best service I can offer.

--Keith

http://www.wstarmortgage.com

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