General Questiones for Loan Officers. Real estate student.

[Ramzi Badawi]

A hypothetical example is all I need.

These are mostly about how the loan officer does business.

a. What is the turnaround time for a pre-approval?
b. What hours is the loan officer available for client pre-approvals?
c. Can the loan officer help your future clients with credit issues?
d. What loan programs are offered by lender (ie: FHA, VA, conventional, etc).
e. Is the loan officer familiar with any financing programs for 1st time buyers? If so, which ones?
f. The amount of experience the loan officer has.
g. Would the loan officer reciprocate referrals (not referral fees – but recommend you to borrowers that do not have an agent)?

These are questions specific to a particular loan.

h. The par rate (the interest rate without points) for a 30 year fixed rate FHA loan for 400,000 purchase price and 680 credit score.
i. The APR for same
j. Estimated closing costs for same.