“Banks, Credit Unions and other Lenders are NOT My Competitors”

“Banks, Credit Unions and other Lenders are NOT My Competitors”

 

 

Some of my best referral sources are banks, credit unions and other lenders. On the flip side I refer them business all the time. I send them home equity lines, construction, car loans and other loans that we do not do or they can do better than we can.

 

I have a bank customer, XXXXXXXXXX, who lives here in town and is looking to refinance his home. He tried here last year and was turned down due to DTI ratio, but now has no car payments. Unfortunately, he did not have the best experience with our process due to an LO who is no longer with the bank. My main goal is to make sure he is well taken care of, and I know that he will be at Right Trac. Can I have him ask for you?

 

 

There are months that these referrals can make up 25% of the mortgages that I will do. They know that the business that is sent over will be treated well and they will keep the deposit relationship with them.

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 22 commentsJoe Petrowsky • October 15 2015 08:37AM
“Banks, Credit Unions and other Lenders are NOT My Competitors”
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“Banks, Credit Unions and other Lenders are NOT My Competitors” Some of my best referral sources are banks, credit unions and other lenders. On the flip side I refer them business all the time. I send them home equity lines, construction, car… more
“Thanks again Joe, look forward to working with you! ”
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“Thanks again Joe, look forward to working with you! ” Anytime you can talk someone off the ledge after a bad experience with an online mortgage company, you can make someone’s life a little better. This was the case on Friday. She had… more
“I Should Have Told You Years Ago”
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“I Should Have Told You Years Ago” This weekend was my 50th high school reunion, the photo is the evidence. To say it was an amazing experience was an understatement but it was topped off by something one of my classmates shared with me that… more
“You Helped Me When No One Else Would”
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“You Helped Me When No One Else Would” I did a mortgage for Mini in 2005, it was a subprime loan, at the time was 7. 5%. This mortgage had been in existence for 10 years and just got paid off with the sale of the property. After the loan was… more
“The Moral of the Story, Not All Credit Reports are Created Equal”
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“The Moral of the Story, Not All Credit Reports are Created Equal” I have been coaching these folks for nearly a year. Their credit scores where much lower when we got started and they have been make progress. I got this email from them and the… more
“YES, You have to Source Large CASH Deposits”
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“YES, You have to Source Large CASH Deposits” Anyone in the mortgage business will cringe when we are told “we deposited $25, 000 in cash last week”. Of course I need to ask where this money came from, “it was a gift from my parents”. You can’t… more
“This was One Way to Get to Know the Neighbor”
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“This was One Way to Get to Know the Neighbor” “I know it’s been a while since we spoke, when you flipped the house next to me. However the reason why I am writing to you is, because I am getting ready to sell my house at 40 cedar street and… more
“I’m Self-Employed; I’ll need a Mortgage in the Future”
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“I’m Self-Employed; I’ll need a Mortgage in the Future” There are a number reasons some folks have difficulty getting a mortgage. Credit challenges are right up there, too much debt to be able to qualify especially when there are student loans,… more
“It Closed!! ”
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“It Closed!! ” A couple of months ago a Realtor called saying she couldn’t find a lender to do a mortgage for one of her clients. She was representing both sides of the transaction, which immediately presented a challenge. Based on what she… more
“These Last Minute Closing Conditions Just Drive Me Crazy”
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“These Last Minute Closing Conditions Just Drive Me Crazy” We received an updated approval and the underwriter has some questions for the appraiser in regards to the driveway on the report. The appraiser wrote the following comment: “driveway-… more