Importance of Refinancing in Your Business
Description
Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.
In this episode, your host, Carl White dives into a common misconception among loan officers regarding their closing ratios.
Many proudly claim that 90% of their closings are purchase deals, but Carl explains why this mindset could be costing them thousands of dollars each month.
He shares insights on the ideal ratio of 70% purchase to 30% refinance, emphasizing the importance of maintaining a balanced approach to ensure stability in any market condition.
He also discusses the moral obligation loan officers have to inform their past clients about refinancing opportunities and how to effectively reach out to them.
If you want to learn more and get access to the phone script mentioned in the episode, visit getmoreloans.com.
Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.
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