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The judge’s apparent rationale was that the now-fired officer did not plead guilty to fraud. In August, Hernandez pleaded guilty to lying to the small business administration to obtain $50,000 in.
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· Great loan officers also know how to set a borrower’s expectations and communicate exactly the way each borrower wants them to-whether by.
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Working with a qualified mortgage loan officer can, in many ways, be more important than partnering with a good lender. While a lender works for a lending institution and is interested in making money off of providing loans, a mortgage loan officers works with multiple lenders to help you find the best deal.
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Bank loans are also called leveraged loans, and with good reason, they’re typically made to firms. as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties.
Build good communication skills. Loan counselors and officers have to make a good impression on clients. Master the computer. Get comfortable with word.
"The chicken industry has been good to a lot of people around here," Kemp said. calling into question their eligibility for small business loans. Since the report was issued, the SBA has restricted.
A good loan officer is both knowledgeable regarding the industry and highly personable. As a loan officer, clients look to you to explain the loan process and help them make sense of the many loan options available to them.