Auger Bits are designed for boring holes in wood. They are available in several styles for various applications. The screw point is at the tip of the bit and it provides hole location and self feeds the bit into wood. The outlining spur cuts the outline of the hole and helps the bit stay straight in the hole.
Friend: Esperanza is not a bank and thus, loan officers are more than just the people who collect the money. They need to act as personal, spiritual and business counsellors. In order to have a successful bank of hope, there needs to be a good relationship between the associates and the loan officers. Therefore, loan officers need to establish trust with the associates and turn that trust into a friendship.
One of the key findings I uncovered from my interview was the number of loans each loan officer funds on average each month. The company has 50 loan officer and funds an average of $5M or 25 loans per month (average loan amount is around $200,000K). Doing the math, each loan officer funds 1 loan every 2 months. Best case each loan officer might generate $3,000 in gross commissions per loan, splitting it $1,000 for the shop and $2,000 for agent.