This is a YouTube video titled "🚨 Example of Why to be Proactive 🚨" containing a monologue by Derek McGowan recorded on November 11, 2021. Derek discusses the importance of being proactive in the home buying process, sharing a detailed example involving a borrower needing an updated pre-approval letter and the challenges faced due to expired documents and frozen credit reports.
Got a borrower that was pre approved a while back. Now I checked in with updated articles and videos and newsletters to try to help inform our people and to see how their home search is going. Now having her back with this person is about 60 days. Then this Sunday night they reach out found the perfect house needed updated pre approval letter asap. So I stopped in her get them an updated pre approval something they would have already had. They would have had an auto pre approval leak had we known and been proactive and I called the listing agent let them know yes we can close in about three weeks. Kind of tough to promise everything when all documents are expired. The credit reports expired, we made a refresh credit, all the credit bureaus are frozen so now I have nothing to quote a new rate, tough to get new documents out, tough to get a quick start on the short clothes. So super important to be proactive on your home search.
