Fastest way to a close on an FHA 203k is using a TEAM
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Fastest way to a close on an FHA 203k is using a TEAM I received a call from a home buyer the other day. She asked for some assistance on her 203k loan in process. Turns out the lender was doing their first 203k and chose a consultant who was just getting started and had no clue as to what he was to provide, and of course the borrower was doing her first 203k. What is wrong with this picture? Should be pretty obvious to everyone by the title of this post. While everyone starts with their first step, the lender should have hooked up with a proven team since they were new. The consultant didn't want to turn work away but could have called a seasoned consultant and offered a portion of the fee to gain some OJT (On the Job Training). I know our team does that in the interest of serving the...