WOW- It’s almost the holiday season and I am sure - just like me- most of you are thrilled this year is coming to an end.
I pay very close attention to the markets and some are saying things will get better in 2010 While others are saying next year will be even worse for the real-estate market than this year was…
I am curious what you think? Leave the comments below.
No post would be complete without a marketing lesson –right?
Well a few days ago I bought my 2010 planner- Have already blocked out times and dates to work on the business NOT just in it.
See– if you don’t control your planner it will control you. Now is the best time to start that planning.
Work backwards– What do you want/need to earn?
How will you do it?
How many deals must you do?
Where will these deals come from?
How will market yourself( 4 ways) to get these deals?
If you are a member of the loan officer formula than log in and go to the goals in the time management section - watch the videos and download the forms — then fill it out.
If you are not yet a member go ahead and take a test drive at
www.loanofficerformula.com/join
or check out the level that’s best for you at
www.loanofficerformula.com/member-benefits
Now– Let me know your thoughts on 2010 and what you would like me to share to make 2010 your best year ever
Feel Free to pass this on to anyone you think might benefit from it…
Be sure to check back and see the comments.
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{ 4 comments… read them below or add one }
Brian my take on 2010 is that if a LO wants to survive in 2010 that one is going to have to partner up with either bank or a mortgage banker that can fund loans off of their warehouse line that allows for a 620 plus credit scores. I’m hearing that a lot of mortgage bankers are being told that in order to put loans on their warehouse lines going foward that the borrowers scores need to be in the 660-680 plus range and that if your not a bank that they are raising the min score requirements for mortgage bankers to put loans on their warehouse lines.
Going foward, If a LO positions him/herself with the right bank/lender they’ll be able to be in the drivers seat because so many LO’s have left the industry. My prediction by mid-2012 or sooner,
Only 5-15% of all loans in the US will be originated by mortgage brokers. The balance will be comming from mortgage bankers/Banks.
If you know of any LO’s or mortgage brokers that would like to partner up with a Federally Insured National Bank our bank is hiring nationwide.
As a Lo you’d be exempt from licensing and would not have to disclose YSP and could make up to 75% more in income on average per deal.
Should anyone be interested, please foward your resume to Dave Reynik at:
dreynik@pmvbank.com or call 800-971-0001.
Dear Brian;
My feeling for survival in 2010 for LO is we must have a unique market, have a pool of lenders, know our product or services, but most of all know the market what client are we trying to reach and understanding how to work smart at what we do.
My goal in 2010 is to start getting some of the true jumbo business again.
Hope to have a great year. Just follow Brian and you will be ok. Please take a look at this http://tiny.cc/2ev0c and you will see how following Brian will make you sucsessful. Thanks Brian