Tip:
Highlight text to annotate it
X
If I could mention specifically what I have done
and what really needs to be done with these attorneys and because I've worked
with them for a long and I've worked in certain law firms
I can take a lot of the paperwork away from them and get it myself. In other
words
I'm saying is in the beginning of the application process
most of us ask the borrower for information and it's up to them to get
it to us.
But what I do with the attorneys,
with firms that i've worked with is I can go in myself and I could take
that burden, that time burden away from the attorney for example. I can go to the HR
department, they've heard from me before. I've got authorization letters,
the employment letters, they give the income letters that the lenders accept.
These are things that if I asked the attorney to do it it may take his
time.
Another thing I can do is, many law firms go through the same CPA firms,
to do their tax returns, and I'm authorized to contact the CPA directly
to get that information.
And what that does is opens up his time. And I use that the very beginning
And that's not as important as rate, but let me tell you
that's very important because
another thing I can do it
on the assets side is that these law firms have certain people that handle
401K retirement assets. I go directly to them and I get all the
paperwork I don't have to ask the borrower.
I would say percentage wise, that I can get seventy five to eighty percent of
the paperwork myself without the attorney having to do it
and I let them know that up front and that's important for them because for
them
time is money.