The following script is intended to be used when speaking with your clients, prospects, and referral sources. It explains the current market conditions and will help solidify your position as a Trusted Advisor. You can even use it when you leave a voicemail message.
"Stocks opened to their worse levels since the mid-1990s, but are trading higher this morning.
There could be some good news later this week when Congress holds a hearing on mark-to-market. The Securities Exchange Commission Chief Accountant and the Chairman of the Financial Accounting Standard's Board will be testifying at the Thursday hearing. Hopefully, Congress can come up with a mark-to-market solution that will help the credit system flow again.
Currently, Mortgage Bonds are holding above the 25-Day Moving Average and the Falling Trendline. I recommend floating for now. But with rates already near 35-year lows, we may need to be ready to lock. I will keep you posted.""
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About The Utah Finance Guru!
- Cindee D. Stone
- Loan Officer Interview Q and A: How long have you been in the mortgage business? I have been in the mortgage industry for over 18 years. I have been very blessed and fortunate to have worked with so many wonderful people! How has the mortgage industry changed since you started, and what would you expect in the future? The mortgage industry and changed so much over the last few years. And, continues to change on a daily basis. It is very important to have a loan officer that has the experience to guide you through the process with success. What can borrowers do to insure a smooth mortgage underwriting process? The most common issue during the loan process is getting all of the documents from the borrowers. It is so different now and so much more is needed. This allows us to see the entire picture and make sure it all goes as smooth as possible. What provides you with the most satisfaction in your job as a Loan Officer? Even though the mortgage industry is harder these days, it will never take away the satisfaction and happiness with assisting someone getting into the home of their dreams! Or, helping a homeowner refinance and save money.
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