FHA Condo Approval Specialist: FHA/VA Condo Approvals – What Sets Us Apart?

FHA/VA Condo Approvals – What Sets Us Apart?

FHA/VA Condo Approvals – What Sets Us Apart?

fha va condo approvalIn her June contest, Debbie Reynolds asks What Sets You Apart: Your Value-Added Benefit.  As an FHA/VA Condo Approval Specialist, I have worked diligently to set myself apart from the competition but if I had to choose one thing to write about, it would be service.

A major focus of our business has been to develop a system whereby it requires the least amount of effort as possible on the part of the HOAs and property managers.  Property managers are busy enough as it is without having to be bogged down with this extra work.  And HOA Board members are typically volunteers who don’t need the additional aggravation.

We have continuously worked to streamline our process in order to reduce the workload of our clients in any way that we can.  We have modified our questionnaires and checklist more times than I can remember.  And we are constantly asking for feedback from our clients on ways that we can further reduce their contribution.

A common trait among many of our competitors is how heavily they rely on the HOAs and property managers to provide the documents needed for FHA and VA project approvals.  They simply provide a list, receive the documents, place them in a file and send it to FHA.

There is no way to cut our clients completely out of the process.  Much of the information and paperwork must come from them such as the financials and information about the composition of the project.  If there were another way to collect this information, we wouldn’t place this burden on them.

Obtaining copies of the recorded legal documents is another story.  We have noticed that many HOAs do not have copies of the documents from town hall; they have copies of the documents prior to recording them at town hall.  FHA and the VA require copies with the volume and page numbers stamped on them.

fha va condo approvalWhen our clients do not have these copies, we work to acquire them.  The majority of our clients thus far have been in our home state of Connecticut.  When the clients don’t have these copies, we go to the town/city halls or to the Secretary of State’s office to retrieve them.

One of the first property managers who contacted me asked me about this.  When I told her that I would be responsible for collecting these documents, I thought she dropped her phone.  In a later email to me, she wrote “when you told me that YOU go to the town hall and to Hartford to pick up corporate crap…well, let’s just say I fell in love.

She related to me that the company that she had been working with required HER to get all of that paperwork.  Not only this, but they charged almost 3 times what we charge to provide this “service”.

Because there is no geographical restriction to this business, one of the challenges could be to consistently provide this service across the country.  When we picked up a client in Texas, for example, I wasn’t going to fly there to retrieve the documents.  Although it was tempting because it was January and snowing here, that would have been silly.

Many of the states and cities are technologically-advanced and the required documents are located online.  If they are not, we can hire a title agent to obtain the copies.  Because of my partner’s connections, we have an expansive network of title agents stretching across the country.

By providing this added service, we have been able to greatly reduce the time and energy required of the property managers and HOAs.

For the remainder of the year, ReadySetLoan Condo Team LLC is offering free processing for VA condo approvals for all condominium clients who retain us for an FHA condo approval.  If you have questions about VA or FHA condo approvals, please contact us for a free consultation.

 

Butler photo credit: www.audio-luci-store.it via photopin cc

Town hall photo credit: squirrel83 via photopin cc

The Condominium Project Approval Team at ReadySetLoan is dedicated to helping condominium projects across the nation to obtain their approvals with FHA and the VA or become recertified with FHA.  We have assisted nearly 200 condominiums and we can help your association.

 

ReadySetLoan is an active member of the Connecticut and New England chapters of the Community Associations Institute (CAI) and is a frequent contributor to Common Interest Magazine as an expert in FHA/VA condominium project approvals.

 

Please contact us with any questions regarding FHA or VA condominium project approvals.  You can email me at askeric@readysetloan.com or call me at 404-433-4565. I will be happy to answer any of your questions.

 


FHA/VA Condo Approval Specialist

404-433-4565 Cell Phone

860-644-3772 Fax Phone

eric.boucher@readysetloan.com
ready set loan condo team

 

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 Check out our article in Common Interest magazine on page 19!

Find Eric Boucher with ReadySetLoan Condo Team on Google+

Comment balloon 10 commentsReadySetLoan Condo Approval Team • June 23 2014 03:55AM

Comments

Eric I know Ready Set Loan goes above and beyond to get the job done for their clients. You're the wise choice!

Posted by Suzanne Otto, Your Montgomery County PA home stager (Six Twenty Designs) over 4 years ago

Eric~ just another reason why your clients are golden in your hands! I agree with Suzanne "you're the wise choice"

Posted by Jon Kolsky, Licensed California Real Estate Broker (Kolsky Realty & Management) over 4 years ago

Good Morning Eric: This is an extensive service you provide and I think the readers upon reading this article will know more about what you actually do overall. There is more to your title and I can't really put an exact one next or below your name.

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) over 4 years ago

Eric

Sounds like a success plan . . . . for your business . . . . and life.

Good luck and success.

Lou Ludwig

 

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 4 years ago

Thank you Suzanne!

Thank you Jon!

Maria - we have to exceed our clients' expectations if we want to build a successful business :)

Lou - I can't say that we haven't incorporated lessons from your articles  :)

Posted by ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists (ReadySetLoan Condo Team LLC) over 4 years ago

Good morning Eric. Outstanding post! I know first hand how you work and service you give all your clients. You make such a difference to all that you serve.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 4 years ago

Thank you for the comment today on my post. I love learning more about fha through your blogs, I sure wish you could do loans in NH.

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) over 4 years ago

Hi Joe - I have spent much time watching you and how you run your business.  I only hope to be able closely mimic it.

Thank you Scott.  I am pleased that you find value in reading them.  Joe P is licensed in NH; he would be my go-to guy.

Posted by ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists (ReadySetLoan Condo Team LLC) over 4 years ago

Eric, You know your business and I will refer you to anyone needing your service. Thank you for participating in the contest.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 4 years ago

Thank you Debbie - it was a great contest and we appreciate youf efforts in conducting it!

Posted by ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists (ReadySetLoan Condo Team LLC) about 4 years ago

Participate