Posted by Glenn / CA
(spnkybnky) on February 7, 2008, 12:21 am, in reply to "Slow readers"
71.105.46.107
Well, readers are few and far between. Most of the time it is in and out. Sometimes, you just have to grin and bear it.
My opinion is that a reader is caused by a LO that the borrowers don't completely trust. I also notice that of the few jobs I have had lately, there are more readers. Probably fall out from the sub-prime mess.
As Kelly says, work on a good opening to the BO. I present and explain the RTC first. Many times, they don't realize they have 3 days to go over the docs and cancel if they don't like what they see.
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