How Hurricanes Affect the Mortgage Lending Process *3CE
June 12, 2019 - 9am - 12pm
The objective of the class is to assist the Realtor in getting their business back on track in a timely fashion and help prevent fallout from their well-deserved pipeline of business following major weather events.
There is nothing that throws a wrench into a Realtors pipeline of closings quite like a hurricane. Recent storms such as Hurricane Irma in 2017 and Hurricane Michael in 2018 have reshaped many Realtors businesses. In some case, these storms have eliminated the Realtors business completely. These storms can virtually shut down 100% of all real estate activity in the area. As a result, the Realtors income, career, and financial support system is sometimes at complete risk. Nobody can avoid these catastrophic weather events; however, what Realtors can do is be prepared to get their business back up and running immediately after the storm passes. Realtors can expedite this process by knowing how Mortgage Lenders operate before and after these weather events. This knowledge will be extremely beneficial to the Realtor and their clients.
Instructor: Marc Creach, Senior Mortgage Loan Office, CrossCountry