Thursday, January 17, 2008

 

Loan Officer Training - What Do Loan Officers And NASCAR Have In Common?

Loan Officers and NASCAR, what a combination, right? What on Earth can the two of them possibly have got in common? When you really believe about it, it do perfect sense.

Let me explain; in the mortgage business, everything have a delayed reaction. In other words, when we direct out letters and postcards, the phone calls don't always come up in right away, right? Sometimes the telephone phone calls don't go on until the 3rd or 4th clip we get off the postal cards out. Then, even after we acquire the telephone phone call from the possible borrower, things don't go on lickity-split, right? The underwriting, the processing, the appriasal, the title, all these things have got to take topographic point before we actually see any results. In other words, before a Loan Military Officer acquires paid, right?

If you're not a fan of NASCAR, you don't cognize what travels on behind the scenes. The Drivers don't just acquire in a auto and thrust it in circles for a couple of hourse every Sunday. There is a batch of testing going on. Their "testing" is like our sending out postcards. The NASCAR squads diagnostic prove a while, pinch the cars, and then test again. With the mortgage folks, we direct the postcards, delay a while, maybe change a few things, and then direct them out again.

If you haven't figured it out yet, Loan Officers and NASCAR work with delayed gratification. The is a batch of work that demands to be done before ANYONE sees a large payday.

Think of it this way, when February axial rotations around, are you finishing up the work you did in December and Jan? Sure you are. Same thing for NASCAR. In February they have got the Daytona 500, which is the expansive award for all the work the squads did in December and Jan. Now make you acquire it?

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