Yesterday, I told you a story about how Mr. Rogers changed the mindset of a tough Senator and saved children’s public television for a generation.
And I promised to show you another mindset that needs to be changed in our industry.
This weekend, I was driving to meet a client and was listening to one of the Real Estate shows on talk radio.
There was an agent and a lender as the host that day and they were discussing lending delays.
The agent asked, “Why does it takes longer than 30 days to get a loan approval these days?”
The loan officer’s answer was appraisals are taking a minimum of 2 - 3 weeks to get completed.
That part is true.
Then he followed it up with this short statement, “I can’t send anything to my underwriter until…