Tim Davis- Coaching Call-RD 4 - 1 of 6- 6.30.26- Full Recording
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The transcript discusses the challenges loan officers face in closing loans, particularly in the purchase market, due to the increased effort required to get deals in the door and close them. It also mentions the importance of having a good assistant to manage the files and the potential for higher compensation for loan officers who can effectively market their business.
Chapit
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0:01Chapit 1: Good morning, Mr. 62s · Speaker 1
Good morning, Mr. Tim. Hey, buddy. How are you? What's happening today? Oh, I'm just rowing my boat. How about you? You know, just same thing, brother, right? I mean, same thing. Keeping our heads above the water and trying to make a differ…
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1:04Chapit 2: But purchase business, you need 75. 68s · Speaker 3
But purchase business, you need 75. So when you look at it, what's going on with the loans today, they require a lot more elbow grease. And so loan officers are having to get involved in their files more, especially if they have a subpar pr…
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2:12
right, for every time a loan officer said, my deal just went south because the home inspection, or my deal just went south because of the appraisal, I'd have what would be referred to as a shit ton of nickels. Okay? And so you can't count o…
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5:07Chapit 4: Yeah, I think you're absolutely correct. 150s · Speaker 6
Yeah, I think you're absolutely correct. I just sent it to you introducing, never happened before, the Agent Loyalty Index. I just sent you a hyperlink to his LinkedIn post. All right, I'll take a look at it today. But, yeah, I mean, that's…
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7:37Chapit 5: you know, I mean, we've always said it's a purchase market, but, you know, the years that LLs do good, it's usually a refi market. 302s · Speaker 4
you know, I mean, we've always said it's a purchase market, but, you know, the years that LLs do good, it's usually a refi market. Sure. And so I think there's less competition because people are continuing to fall out. But you really got t…
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12:39Chapit 6: I mean, you're not. 139s · Speaker 1
I mean, you're not... I don't see where you have an expensive... opportunity for anybody. I think they're all reasonably, if anything, low price for what they get. I think so. I don't have a doubt. I mean, I like Amir Saeed, but him chargin…
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15:03Chapit 7: I love it. 300s · Speaker 4
I love it. I had the idea. I was like, I wonder if I can create a little game on base 44 today. It's supposed to be, it's supposed to be like free appraisal, free home warranty. I got to work on that. Oh, so it's going to be like a scratch …
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20:03
And then she kind of got a little absentee, and I kind of call her, and I'm like, look, Kim, we've got a business together, and I know that you've moved your company and all the things that you've got going on with that and all the stuff, b…
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25:04Chapit 9: I don't really know anything about it. 170s · Speaker 1
I don't really know anything about it. I see him on my social media feeds all the time. I know he does a butt ton of webinars or whatever. That's his full -time gig. That's his company. She's like, dude, he's awful. He's rude. He's disrespe…
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27:54Chapit 10: you know, I'm never going to ever find somebody that can run as fast as me. 87s · Speaker 4
you know, I'm never going to ever find somebody that can run as fast as me. That's just impossible. I mean, I've come to that conclusion. That's a very true statement, Tim, especially from the creative and implement stage. No, there's nobod…
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29:22Chapit 11: Oh, Hova Digital. 301s · Speaker 2
Oh, Hova Digital. They're the CRM company. Okay. And they're great. And so I'm getting more, you know. into, like, getting my follow -up sequences, you know, and things like that. The playbook, you know, that's a test for me right now. Like…
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34:23Chapit 12: like that. 42s · Speaker 1
like that. So anyway, so that's kind of where I'm at today, buddy. You sound good. What else can I do for you? Nothing right now. I got to hop on the Zoom. They're pinging me on, and about four emails came in for issues. So I got to run tod…