<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">

Business as Un-Usual During COVID-19


How to maintain your business during social distancing.

The novel coronavirus (COVID-19) pandemic is affecting everyone in unique and unprecedented ways. Home sellers don't want people touring their homes, home buyers don't want to buy homes sight unseen, and everyone has been asked on a national level to stay home! So how are you supposed to do business as usual?

The National Association of Realtors® published an article: Coronavirus: A Guide for REALTORS® to help guide you. In addition to this article, we've put together 3 sound solutions to help you maintain a steady flow of business. 

 

Keep Up the Momentum of the In-Process Home Sales: 

1.  Heightened Appraiser Communication

Some sellers are not comfortable having people in their homes right now, and some appraisers are not comfortable going to into multiple homes due to the COVID-19 pandemic.

Work with your mortgage professional to find the right appraiser for the job. Calmly communicate with your sellers (or the sellers' agent) about the importance of the appraisal process and find solutions that will make all parties comfortable. For example, ask the seller if they are comfortable if the appraiser wears a mask, booties, and gloves. Also, offer to sanitize all touch-point surfaces and spray disinfectant as the appraisal is being performed. 

2. Buyers' Verification of Employment

As our nation continues to make great efforts to protect our people and communities, some businesses are having to temporarily close. Communicate with your buyers NOWabout the importance of their employment verification.

Have your buyer be proactive and provide you and their mortgage professional with the contact information of their employer's HR department. This is helpful just in case the business has to shut down or if they are laid off for the time being. 

3.  Title Company Gap Letter

With county closures happening around the country, completing loans is becoming challenging. Work with your mortgage professional and your title company to see if the title company is willing to offer gap coverage from distribution to recording by providing a letter that is transaction specific and affirms they will insure over the gap period from funding to recording. Not all title underwriters will do this, but if they are willing to construct a letter this will lead to more closings. 

If your current title company is unable to accommodate a gap letter, Churchill Title Solutions has made the appropriate accommodations to utilize a Churchill Title Gap Letter to service loans in most areas. 

Churchill Title - Color-lowres

The goal for all of us is being proactive in our communication, solutions, and awareness of this pandemic. 


 
 
 
 
Please Enter a Name
Please Enter a Last Name
Please Enter a Valid City Name
Please Select a State
Please Enter a Valid Email Address
Please Enter a Valid Phone Number
Please Enter a Valid

Thank You!

We have received your request, and will reach out to connect with you shortly.

Thank you for taking to the time to reach out to Churchill Mortgage.

By submitting this form, I/we agree to your Privacy Policy Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive text messages sent by an automatic telephone dialing system. Consent to these terms is not a condition of purchase.

Want To Work With Churchill Mortgage?

social proof logos