I talk a lot about having a good lender. Someone who has in house underwriting and in house docs so they can get deals done quick. But when one of my lenders recently left a company like that for another company like that I realized that a good company is not all you need.
We had a deal in the works and that deal stayed there after he left for his new office. I was used to getting deals done in two weeks with this company, but now dealing with a new loan officer it is taking longer. Not only is it taking longer but I cannot get him to return emails or phone calls unless i keep sending them.
So lesson learned, not only do you need a good company, you need a good loan officer at that company.
