Blog 18

1.  What is your EQ?
How can a loan officer best complete a loan while maximizing the interests of the officer and his client?

2.  What is your first answer? (In complete thesis statement format)
My first answer is communication within the organization

3.  What is your second answer? (In complete thesis statement format)
My second answer is locking in the loan

4.  List three reasons your answer is true with a real-world application for each.
For my first answer some real world situations are:

• talking with the bank on the loan
• communicating with your client and making sure everything is good
• trying to promote yourself to real estate agents

For my second answer some real world situations are:

• when you get a mortgage loan
• if someone tries to refinance
• getting a commercial loan

5.  What printed source best supports your answer?
https://www.linkedin.com/pulse/20140306232451-111650909-how-your-loan-officer-impacts-the-home-buying-experience

6.  What other source supports your answer?
http://realtytimes.com/consumeradvice/homeownersadvice1/item/4585-20080723_ratelock

7.  Tie this together with a  concluding thought.
For my second answer I plan on having, locking a loan. Locking a loan is very crucial in the very early stages of the loan process and could be the difference between the client having the spend an extra twenty thousand on their home or not.