The world of social media hasn’t been the same since Robin Reid began her conquest earlier this year. She’s the mortgage expert-turned-influencer who utilizes Facebook, Twitter and YouTube to explain the topic of mortgage lending. She’s determined to reveal the secrets and to pull back the curtain of complication that industry insiders may not want you to know. And she should know. She used to be one.
Currently removed from the industry in official capacity, Reid now runs her independent endeavor, Robin Talks Mortgage. She feels liberated by this transition, no longer burdened and restrained by the corporate red tape that so often exists in the lending industry. And she is putting that liberation to good use — helping others.
Last month, Reid officially launched her podcast, giving her audience another medium where they might find her.
The inaugural podcast episode was entitled, “How to Correctly Fill Out a Mortgage Loan Application, Part 1.” The entry focused primarily on one of the most simple proactive measures that people can take when gearing up to apply for a home loan — making sure their name is exactly the same on all official documentation.
But like anything labeled as “Part 1,” there’s always more to come. Reid later released her second podcast, the follow-up, “How to Correctly Fill Out a Mortgage Loan Application, Part 2.”
“The employment and income section is really interesting because it’s basically like you’re opening Pandora’s box,” Reid says “My hope for my clients, or for anyone listening to my podcast, is that they understand what a lender is looking for when they’re asking those questions and how you answer those questions, how it affects your ability to be approved for the loan.”
She goes on to say that, as a loan expert for 23 years, she has seen firsthand thousands and thousands of loan applications. Some that have progressed smoothly. Others, that have ended in disaster and pain.
“What I’m going to do here is walk you through how to fill out the employment and income section of the [loan] application,” Reid opens the podcast. “This would be just some detailed information about what we’re looking for and what really matters to help your loan file go smoother and faster and [ensure] you have a better experience.”
She says the first thing loan officers are looking for is a two-year history of employment, which is another area where people get hampered by the details, by estimating dates or leaving out histories they don’t think are a big deal.
“All of that really does matter because they will verify through tax returns and W2s that are filed with your social security number,” Reid explains.
The latter half of the podcast goes into a step-by-step breakdown of how to correctly fill out the income section of a mortgage loan.
“This is where 60 percent of applications fall apart,” Reid estimates. “Most first-time and second-time homebuyers find this out way too late in the process.”
To listen to the podcast or get more information on important loan-related topics, visit Reid on her social media platforms: @Robinspondering on Twitter, on Facebook at www.facebook.com/lenderinyourpocket and “Robin Reid” on YouTube.