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10-22-2015, 07:47 PM #11
I really disagree with this unless you know the guy is desparate then I would ask him if he has a lot of NSF's but I hear reps asking all the wrong questions which are only going to scare him off such as "How's your credit? Any tax liens? Any previous BK's?"
Once they start hearing this they are going to think (especially if he's never done this before) "omg he's asking about my credit I'll never qualify. I'm not going to waste my time filling that thing out".
Just keep is simple "Are you in a BK that has not been discharged yet? Any big tax liens?"
I'm going to find this all out anyway. It's not a waste of my time to send out an app in an email and get in his submission.
this is another big mistake people are making. If a guy grosses 50K and he's asking for 200K, NEVER EVER tell him "There's no way you will qualify for that". Guess what. He's not going to send the app to you, because he's going to send it to me instead after I tell him "Ok great send me this this and that and I'll submit it for 200K". Then when I call him back to close him on 35K "Your credit score is 565 and you have a few negatives in your bank. they wanted to deny you but I talked them into an approval. I think you should jump on this and try to clean up your bank so next time around we can give you more".
Another big one is listening to the customer. There are so many people in this industry who have giant egos and will cut the customer off and say "You're not gonna qualify for 300K you only gross 100 a month!" while they are taking down to them as if they're the dumb one. Guess what. The salesperson is the only dumb one here.Last edited by ridextreme; 10-22-2015 at 07:50 PM.
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