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Other Added - What Every Borrower Wants to Know
When doing medical billing and electronically transmitting claims, trailer records may only be a bunch of totals to some of us. But to the insurance carrier who is being billed, these trailer records could very well mean the difference between your whole claim file being accepted or rejected. In
Medical billing is hard enough with it having to be cryptic besides. Unfortunately, there is nothing more cryptic than DX, or diagnosis code tables when it comes to DME billing. In this installment, we're going to try to make some sense of DX tables and give you some basic information that you'l
1. What’s it gonna cost me? Everyone wants to know this whether they’re paying the costs from their savings or rolling them into the loan. Take the time to review the details of the Good Faith Estimate so that your borrower has a full understanding of what they’re paying and why.
2. Why should I trust you? Let them know who you are and give them reason to trust in your ability to get the job done. If you’re a veteran with a great track record, let them know that. If you’re new to the business, let them know about your company’s great track record. Assure them that you have the resources to make it happen.
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or le
"I wish I had ____ with me." You fill in the blank. How many times have you been offsite, meeting with a client, only to discover you were missing a form or a brochure that would have helped you wrap up a discussion?Whether you are in sales, real estate, consulting or a variety of
1. What’s it gonna cost me? Everyone wants to know this whether they’re paying the costs from their savings or rolling them into the loan. Take the time to review the details of the Good Faith Estimate so that your borrower has a full understanding of what they’re paying and why.
2. Why should I trust you? Let them know who you are and give them reason to trust in your ability to get the job done. If you’re a veteran with a great track record, let them know that. If you’re new to the business, let them know about your company’s great track record. Assure them that you have the resources to make it happen.
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or l
Laser-aided cutting has brought about a revolution in the manufacturing industries. These high-powered optical beams are used to cut through a variety of materials such as metal, wood, glass and plastic. The laser is directed at the required surface and moved around to cut the material in the desi
2. Why should I trust you? Let them know who you are and give them reason to trust in your ability to get the job done. If you’re a veteran with a great track record, let them know that. If you’re new to the business, let them know about your company’s great track record. Assure them that you have the resources to make it happen.
3. When will my loan close? Always, always, always set a realistic expectation here. If you tell them three weeks and then close in five, that last two weeks is guaranteed to bring you pressure. It’s far better to give them a worse case estimate on closing time and then get it done faster.
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or l
It may be a good decision for small business owners to choose to be treated as an S corporation for Federal tax purposes. This allows income to flow through the corporation without being taxed until it is claimed as income by the shareholders. This avoids double taxation of corporate income. This
4. Who will be in contact with me through the loan process? If you don’t know, find out. If you will be the main contact throughout, inform them of the personal service you offer. If your processor or the lender’s processor will be the primary contact, advise the borrower of this. Many borrowers are not receptive to talking to or giving information to someone who has not been previously identified as an employee of the broker or l
The essence of rewarding, which is a sign of reciprocal appreciation, is to inspire individuals to unleash their potential and substantiate them in a self-fulfilling manner. Diverse are the means and ways to express one’s gratefulness towards his or her associates. In the cultured world, appre
5. What should I expect next? When will I hear back from you? Let your borrower know what to expect at every stage of the game. If you know it takes 72 hours to hear back from underwriting, tell them that. It will usually keep them from calling in 24 hours inquiring about a loan status.
6. Is this really the best deal for me? Let them know what you’ve based their loan terms on. If a customer is not confident that you have their best interest at heart, they are likely to keep shopping around for something better while you are
Copyright 2006 Stephanie Graham
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