Loan Officer Quotes & Sayings

Diane, in Jackie's mind, looked just like a woman who would be an active PTA mom, with her kind face and comfortable clothing. She also thought Diane looked like a woman who would be a loan officer, with her conservative makeup choices and serious demeanor. She would look like a pharmacist if she ever were to wear the standard white coat, gas mask, and hip waders. — Joseph Fink

When I was a commercial loan officer for a large bank in San Francisco, my boss taught us that you should never make a loan to someone who is following his passion. For example, you don't want to give money to a sports enthusiast who is starting a sports store to pursue his passion for all things sporty. That guy is a bad bet, passion and all. He's in business for the wrong reason. My — Scott Adams

You can't convince someone else - whether it's a potential employer, a loan officer at the car dealership, or someone you've been crushing on - that you're amazing and terrific if you don't actually think you are. — Sophia Amoruso

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren't a portfolio lender, don't give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What — Mark Ferguson

Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model. — Pierre Omidyar