The Smooth Loan Process #2010-12

How Many Loan Officers Does It Take To Screw In A Light Bulb? 

Insert your punch line here: _________. Seriously, did you ever think about how many people are involved in closing a home loan? I find it quite astonishing. This may give us some insight as to why Real Estate is such an important part of our economy. 

Let's say that today is the day you want to buy a house. Here's the list of all of the people that will have their hands on your transaction in one way or another (not in any particular order).

1. Loan Officer
2. Realtor
3. Attorney (depending on your State)
4. Loan Processor or Assistant LO
5. Real Estate Transaction Coordinator
6. Escrow Officer
7. Title Examiner
8. Insurance Agent
9. Home Inspector
10. Termite Inspector
11. Appraiser
12. Bank Coordinator
13. Lock Desk
14. Underwriter
15. Quality Control Auditor
16. Document Preparer
17. Funder
18. Courier
19. All of the assistants and Staff for all of the above

Depending on the type of transaction and property, there could be more. If any one of these people does not perform adequately or better in their area, your transaction will not be smooth. Did you know there were so many people involved?

The Smooth Loan Process lesson for today: A good Loan Officer and a good Realtor will work together to coordinate all of the other services required for your real estate transaction.

Harold Perkins
Galaxy Lending Group, LLC
602-595-1233
Harold@HaroldPerkins.com