Lesson 09: Time Management for Loan Officers
Lesson Overview
Learn what you need to do to for effective time management to generate the most leads and loans.
- The Effective Work Schedule
- Setting Up Your Loan Files for Effective Processing
Lesson Excerpt
Origination Tip:
In the evening, when you are sitting in front of the television, have you ever realized how much time is devoted to commercials during a (1) hour show. Each commercial break is almost always a minimum of (5) minutes. You would be pleasantly surprised of the number of follow up calls you can make and never miss a single minute of your show!
I suggest a legal size cover sheet in the front of each file with all of the details regarding the file in addition to entering the notes into your mortgage software when available. Be sure to date and time your entries and any relevant details that you may need to refer back to later in the process. This will not only help you in becoming more efficient, but will also allow you to always remain in control with your clients, title companies, appraisers and lenders. Once they have all figured out that you are organized and prepared, you will find that your future transactions with these business partners will become less stressful. An organized Loan Officer will not only be able to close loans more quickly, they are able to close more loans.
In the evening, when you are sitting in front of the television, have you ever realized how much time is devoted to commercials during a (1) hour show. Each commercial break is almost always a minimum of (5) minutes. You would be pleasantly surprised of the number of follow up calls you can make and never miss a single minute of your show!
I suggest a legal size cover sheet in the front of each file with all of the details regarding the file in addition to entering the notes into your mortgage software when available. Be sure to date and time your entries and any relevant details that you may need to refer back to later in the process. This will not only help you in becoming more efficient, but will also allow you to always remain in control with your clients, title companies, appraisers and lenders. Once they have all figured out that you are organized and prepared, you will find that your future transactions with these business partners will become less stressful. An organized Loan Officer will not only be able to close loans more quickly, they are able to close more loans.
