This question is for mortgage professionals and realtors. How many "average producing" realtors can one loan officer "really"?

Asked by Charles, Phoenix, AZ Fri Mar 4, 2011

service at one time I have a specific reason for asking this question. Another way to ask the question is; if you had access to a large number of realtors,to how many could you provide "real complete service" as an individual loan officer?

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10
Adam Wain, , Scottsdale, AZ
Wed Mar 9, 2011
BEST ANSWER
Average producing realtors meaning 1-2 deals a month? If that's the assumption 1 qualified loan officer who has the proper staff / processing / underwriting can handle a number of agents. An experienced LO can conduct 8-10 deals a month with ease. Not all referrals will use the LO I presume so that compounds the number of agents an LO can properly/professionally/knowledgably handle.
1 vote
Rohit Mohan, Mortgage Broker Or Lender, Fremont, CA
Wed Mar 9, 2011
To an individual it should not matter how many realtors or clients can Loan Officer handle as long as each individual is getting and experiencing great customer service from the loan officer he/she is dealing with. How the Loan Officer provides complete service is his headache. Why worry about others headache!
0 votes
Philip Roy, Agent, Las Vegas, NV
Tue Mar 8, 2011
Hello Charles,

I do not think that there is any way to completely answer your question as it completely depends upon the abilities of the Loan Officer and the size and knowledge of their staff. Every Loan Officer is different in their exact abilities.
Web Reference:  http://www.buyvegasnow.com
0 votes
Todd Hall, Agent, Gilbert, AZ
Tue Mar 8, 2011
What a great question. I have worked with great loan officers who really know how to delegate to their staff, and who really have a competent staff ... they can handle a very large number of realtors' referrals. On the other hand, if they are not capable of delegating, then even the very best loan officers will be capped at just a few active realtors. Beyond the referrals from those few realtors, the service deteriorates and clients are lost.
Web Reference:  http://www.twhlawfirm.com
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Mar 8, 2011
As many as possible, there is not a set number each professional has their limits on how they manage their practice.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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0 votes
James Wehner, Agent, Scottsdale, AZ
Tue Mar 8, 2011
That would all depend on the staff that the loan officer has. That particular loan officer can also refer some of that business to other colleagues in their office.

It would also depend on the system that the loan officer has in place to handle their business.
Web Reference:  http://www.jameswehner.com
0 votes
Spirit Messi…, Agent, Tucson, AZ
Sat Mar 5, 2011
The lender I recommend is the Vice Pres of a local company here in town, he was number one in all of Arizona and yet he has never once provided anything less than stellar service to the clients I refer to him. He and his team provide reponsive & excellent service. If they didnt, I would not recommend him any more.

There are different types of peple out there, some can handle more work than others. This is also dependent on the person, if they have a team and etc.
0 votes
Dave Skow, Mortgage Broker Or Lender, Seattle, WA
Fri Mar 4, 2011
the key to answering this questioning is to have a clarification of what you mean by " "average producing" ....these days this means a much different thing than the past ......
0 votes
Brad Bergami…, Agent, Prescott, AZ
Fri Mar 4, 2011
I am asked that question as a Realtor. How many clients can you service... well the answer is all of them.

Your loan officer like a Realtor can multitask and
hire staff to make sure things are being done property.
The question is are you happy with the service provided.
It doesn't matter if they have 1 or million clients.
If you aren't getting the service I don't think it has
anything to do with how many clients they have.
Good luck,
Brad
Web Reference:  http://bradbergamini.com
0 votes
Brenda & Ron…, Agent, Mesa, AZ
Fri Mar 4, 2011
This is a question for the lender. As a Realtor I certainly keep my radar open for quality lenders that give great service. It is extremely important that our lenders returns calls quickly, prequal and ask questions on the first contact rather that sending an application so that we have to wait days to find out an idea how they appear upfront, knows his/her product, and gets the files done prior to closing and appear organized and competent to our clients. Seems like many work great at first and slack later.
0 votes
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