Indeed Abstract has announced that it is now offering title training to loan officers. The point of the training is to educate loan officers to understand the basics of the title procedures, and more importantly, to identify a potential issue early on in the transaction.
“Early detection, and understanding how to deal with the issue, saves deals and instills confidence in the eyes of your borrowers” said Joe Amoroso, managing director of Indeed Abstract.
The common theme amongst the most successful loan officers is that they understand all aspects of the mortgage transaction. The title work provided on a transaction is probably the most overlooked portion of a mortgage transaction. The “not my job” attitude prevails. But while that may be true, perhaps no other element can affect your deal like a title issue can. And typically the issue is brought to light late in the transaction, further complicating things.
Indeed Abstract is offering free, live or Webinar-based training to loan officers.
“By no means is this detailed, title training," said Amoroso. "Rather, it is a sales approach to what you really need to know. We provide a simple format, with real life examples that most loan officers no doubt have already experienced."