Two Examples of What’s Right With the Mortgage Industry

Example #1:  Embrace Home Loans Foregoes Annual Sales Rally - Instead Conducts Employee Auction and Raises $20,000 for Haiti

By the way, I love the website on which I found this little nugget.  Do yourself a favor and visit them at www.nationalmortgageprofessional.com.  But here’s the point… our elected officials seem to blame everything that’s wrong with the world on mortgage professionals.  In my seven years involved in this industry, I’ve met good people and not so good people – just as in all walks of life.  Today, the numbskulls have largely been driven out of the business – thank goodness.  Now, the rest of us need to come together and earn our reputations back.  I think we took a pretty positive step in that direction Jan 10th through 12th, 2010 at…

Example #2:  Mortgage Revolution

Mortgage Revolution brought together 300+ of the industry’s sharpest.  The speakers were outstanding - and hey, look ma, NO SPAM!!!  Even better was the networking and masterminding going on at the hotel bar.  Old school and new school converged.  Egos were checked at Hartsfield International.  The industry needs more of this, and the Mortgage Revolution vibe is coming to a town near you soon.  You hear me San Francisco???  For the latest MRev news, be sure to join the Facebook Fan Page at http://www.facebook.com/mortgage.revolution.  Oh, and I almost forgot to mention – Mortgage Revolution ATL raised over $15,000 for charity too, and our goal for 2010 is $250,000.  Hope to see you in San Francisco!

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This post was written by markgreen who has written 9 posts on Lenderama.

9 Responses to “Two Examples of What’s Right With the Mortgage Industry”

  1. Roy Paeth 14. Feb, 2010 at 8:37 pm #

    Thanks for the links. I agree it is time for us to begin the climb back to respectability with American population.

    Roy Paeth
    Naperville Real Estate

  2. Jennifer Giraldi 21. Feb, 2010 at 2:07 pm #

    Great article, I will join the facebook fan page immediately. I am all for getting the public to trust our industry again!

  3. Loan Finder Florida 24. Feb, 2010 at 8:09 am #

    The mortgage industry has always gotten a “bad wrap.” As someone who has went through the entire mortgage process more than once, I’ve discovered that there were numerous reasons for my frustration. The first is all the technical speak and jargon which mortgage companies spout out. These companies need to “get back to the basics” and realize that not everyone speaks at the same level as they do. These companies need to learn how to describe and explain things in the simplest of terms.

    One other thing that could use some work by most mortgage companies is their transparency. Companies need to be honest and direct with their clients and shouldn’t hide behind their “big words” and “loop holes” in contracts. If you want to be an effective mortgage company you truly need to allow your clients to see the truth in everything that you do when it comes to assisting them with their mortgage.

  4. Hubert 25. Feb, 2010 at 1:12 pm #

    I completely agree. It’s about time we come together to turn things around. By doing so we can emerge stronger than ever before.

  5. Tommy Lorden 25. Feb, 2010 at 4:10 pm #

    It is news like this that shines little specs of hope onto the real estate market again! Great article and great news. Lets hope that great news like this can spread throughout the country and begin a new hope for the real estate economy and image.

  6. Bill Hernandez 26. Feb, 2010 at 1:02 pm #

    I totally agree with your article. It is all about everyone working together. The more strides that we can take in the right direction in the market as a whole the better. The real estate market will sometime be back to where it rightfully should be I just hope we are able to see it and experience it. Especially down here in Miami, FL we could use a bright light of hope!

  7. City Investments 10. Mar, 2010 at 2:33 pm #

    It is good to see a post like this. Independent Financial Advisers in the UK have been battered and bruised by the recession – some of it deserved and some not. Those of us who are left will hopefully be able to make the most of the opportunities that are presented to us i the coming months and years.

  8. Paul Carson 24. Mar, 2010 at 2:25 pm #

    Great post. Those us us who are the true professionals who love what they do need to unite and collectively become stronger!

Trackbacks/Pingbacks

  1. Mortgage Loan Officer Business Plan For Social Media 2010: Originate More Online — Basic Internet Marketing For Small Businesses - 26. Feb, 2010

    [...] 1. LO Business plan truth #1:  You must have a massive amount of quality contacts: First, the mindset of 3-4 deals a month isn’t gonna happen.  The velocity of deals isn’t there any more.  You don’t get a deal opened in the beginning of the month that closes 15 days later.  With the appraisal and underwriting all taking longer, you need more going on at all times in order to close enough.  This means that if your goal is 2mm a month, then you need 6mm in your pipeline.  From delays like the Short Sale process, to stupid stuff like not controlling an appraiser, the process is slower.  Time is the enemy of all deals.  To compensate for what’s happening, you have to have more contacts, more leads, and more of everything.     Consider joining a multi author mortgage blog like Lenderama. [...]

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