By Mike Young
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 client and lender more
The Mike Young Team has been around since 1994 helping clients and
lenders get their 203k projects closed faster. We just opened our newest
office in St Lucie County FL with our good friend Pete Campbell at the helm. Give him a shot, I think you will like the results.
We were able to assist and put the paperwork in order for this
consultant and help get that loan closed and "no, we didn't take a fee".
It isn't about us, it is about the client getting what they expected.
Give us try. If you have a problem closing your 203k loan feel free to
contact us and we'll see what we can do to help you get it back on