Seriously. How do mortgage lenders (and Realtors!) not realize that a vague, lazy pre-approval letter is killing their chances of success?
Mortgage lenders and real estate agents, do you not realize that the clients pre-approval letter is a marketing piece? Agents, are you impressed when a buyers agent sends over a pre-approval letter that has no useful info on it? Does that give you the confidence in the buyer that you need to recommend them to your seller?
It's amazing to me how often I see lazy, incomplete pre-approval letters that may as well have been written on a napkin. But what you need to know is that these awful pre-approval letters are killing business for agents and mortgage lenders alike.
Bad pre-approval letters are literally hurting the business of both agents and loan officers, and you'll hear more about why that is on this episode. This week's show will highlight how important a solid, thorough pre-approval letter is; not just for the lender but for the buyers agent.
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