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Carol Schretter

Carol Schretter

Loan Officer

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Q&A with Carol Schretter

What made you decide to be a BankSouth Loan Officer?

I took the long way around on my journey to becoming a loan originator. After high school, I escaped Southfield, Michigan, to join the USMC and traveled the south and the Orient as a signal intelligence officer using morse code, teletype, and direction-finding equipment. My gigs after my enlistment included several different stops and starts until I worked as an onsite realtor for a local builder for about seven years. After that stint, I knew what I didn’t want to do. I thought about women in the workplace that I admired. Loan officers were on the top of my list. I knew a lot about the industry already and it was a natural progression. I have been originating loans for almost 30 years.

What is/was your biggest success professionally? Why was it a big success?

Back in the middle to late 1990s, my processor and I closed 30 loans in one month. It happened in December. December is the most challenging month to close a purchase because a lot of the people that help with the components are taking time off: appraisers, insurance agents, staff, real estate attorneys and their staff, home inspectors, underwriters. That was a time when two people could actually close that many transactions. And I shared my processor with another loan officer! Afterward, we said: never again!

Why are you different than others in your profession?

I very much care about my borrowers and I work to get them any rate or down payment assistance that I can. I follow up after closing as well.

What do you enjoy doing on weekends?

I enjoy meeting my friends for tennis and catching up with them about their lives and families and pets!

Who is someone you admire and why?

I admire Theresa Staley and Jill Elmgren at BankSouth. Theresa always has the answers and if she doesn’t, she finds out the answer. She is always pleasant and doesn’t make me feel inadequate even when I ask really boneheaded questions. Jill, the ops manager in Savannah, is always calm and reliable. She is knowledgeable and a strategic thinker. I think she is one of the best humans that I have had the pleasure of working beside.

Do you have any skills or talents that most people don't know about?

A lot of my friends are aware that a hobby of mine was participating in beach volleyball at a fairly high level. My husband and I met through the sport and we competed together before we dated. We competed in small tournaments around the southeast that included purses for the finalists. We would have played even without the financial payoffs. I played a lot of sports, but doubles volleyball is the most fun and intense sport I ever played.

Bio of Carol Schretter

Carol Schretter hails from Southfield, Michigan. Carol moved to Savannah in 1984 shortly after she served in the United States Marine Corps as a sergeant in the Signals Intelligence division in Japan for the NSGA.from 1977-1981.


Mortgage Market Interest Rates

Interest rates for mortgages can vary significantly from one borrower to the next based on the specific details of the transaction. Some of the main factors that affect the interest rate are credit score, down payment or loan-to-value, the type of mortgage, and how long the interest rate is locked.

The information below depicts average rates on a national level. These rates are not specific to BankSouth Mortgage but are provided to give a general idea of where rates are nationally for different loan types. This information is calculated from actual locked rates with customers across 35% of all mortgage transactions nationwide.

Information in this chart is for illustrative purposes only and is not intended as an advertisement. This is not a commitment to lend and does not guarantee the availability of any particular product or interest rate. Rates/terms illustrated in the chart may not be available through BankSouth Mortgage. Rates and information in this chart are powered by OBMMI™ (“Optimal Blue Mortgage Market Indices”). The OBMMI™ methodology takes the average rate of all appropriate interest rates locked through the Optimal Blue, LLC (“Optimal Blue”) product and pricing engine (“PPE”) on a given day. No adjustments to the rates that account for buy-up or buy-down decisions made by individuals are performed. These indices leverage data from Optimal Blue PPE lock requests (approximately 35% of all locks nationwide) aggregated daily and updated nightly with the previous day’s locks. Weekends and holidays are excluded. All applicable product types are included unless otherwise specified. The content contained on this chart is that of Optimal Blue and may change at any time without notice. Optimal Blue makes commercially reasonable efforts to provide reliable information, however it does not guarantee that the information is accurate, current, or suitable for any particular purpose. In addition, this content is, therefore, provided on an “as is” basis and Optimal Blue makes no warranty, guarantee, or promise, concerning the accuracy or timeliness of indices listed and maintained by Optimal Blue nor is Optimal Blue responsible in any manner for any damages whether direct, indirect, special, or consequential, howsoever caused, arising out of use of this web site, or reliance on the information it contains.

What Customers Say About Carol Schretter

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Larry and Joann Hill
Posted on March 22, 2019
My wife and I purchased a home with the help of Carol Schretter. We have never had such a great lender to deal with. She's extremely professional and very knowledgeable. We have never had a lender come to a closing like she did. We recommended her to my son and his mother-in-law and now they are working with her, on there homes. We would highly recommend her to anyone looking for a lender. The Hills
Posted on March 13, 2019
I was very pleased with Carol Schretter. She was professional, knowledgeable, and helpful! Whenever I called her, she always answered her phone and was pleasant. Carol went beyond her duties as a lender. I've purchased numerous homes in the past, and not one lender has ever attended a closing. I would highly recommend Carol. Extremely nice lady!
M Phidd
Posted on March 12, 2019
This has been my 4th home purchase using Carol, and I absolutely enjoy working with her. She is always easily accessible and always gets back to you as promised. She is very knowledgeable and understands what will and will not work, so that it is easier for you as a customer to make decisions when purchasing a home. As long as Carol is in the mortgage industry, I will continue to use her services!

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