Quorum Lending’s Post

💡 FUN FACT FRIDAY - just heard this stat two days ago... 61% of mortgage professionals left the industry in 2023! Also the real estate community has been cut in half!! 😳 Congrats to those of us that survived and thrived through the tough years! 💪 👏 Attention all loan advisors! 📢 The landscape of our industry has shifted tremendously over the past year. Many lenders and brokers have exited or drastically downsized in that time, leaving many questions of stability. These challenging times present an opportunity to truly dig deep into your current situation and reassess. Why not see what opportunity may be out there for you and your team? I've heard lots of chatter in the industry about certain local companies and/or the owners being 'not so stable'. There have been some rumors about BOEM also... but I can attest to those being exactly that... rumors. We are as strong as ever and still looking to add some solid loan advisors to our MI team! I say advisors and not loan officers because we truly advise our clients as opposed to dangling the low hanging fruit (rate) to get their business. While being extremely competitive in all aspects, BOE Mortgage has stepped their game up 10-fold when it comes to tech systems to support our originators, clients, and realtor/referral partners. I've never been so excited about what's coming in the near future and expect big things for all those involved! Let's chat if you're questioning anything at your current company, not getting the support you deserve, and think you may be a good fit for our team in Troy, MI or any other branch in our company. Don't slack! Do yourself, your clients, and your referral partners a favor and reach out today... 248-633-8555 or [email protected] #mortgagelender #mortgagebroker #mortgageadvisor #cma #loanoriginator #workwiththebest #takecareofyourpeople #bankofengland

🏡 Attention Finance Professionals! Time for a Career Upgrade! 🚀 With a whopping 30% to 45% of Canadian mortgages set for renewal this year and next, the stakes are high for providing clients with the best options. With the looming threat your past clients are facing with higher rates in the coming years, you may find, as a Bank Mortgage Specialist, your hands tied when it comes to assisting your clients. Now, picture this: What if you could offer your past clients a broader range of mortgage products and lenders? Imagine having the freedom to explore a variety of options beyond the traditional banking scope, securing the best rates and terms tailored to each past client's unique needs. Here's the deal – transitioning to the broker channel opens up a world of possibilities for you and your clients. You gain the autonomy to work with a diverse array of lenders, some that may not be accessible within the banking sector. This means more flexibility, better rates, and ultimately, happier clients. But it's not just about independence. Joining the broker community provides you with a network of professionals, resources, and collaborative support. You won't be navigating this shift alone – you'll have a community backing you up every step of the way from enhanced technology to underwriting assistance. Ready to elevate your career, provide exceptional service during this critical renewal period, and secure a prosperous future in the mortgage industry? I'm here to discuss the incredible benefits this transition could bring to your career. 🌟 Your success story begins with a simple confidential conversation. For more information, direct message me or connect with us at https://lnkd.in/gF9hzdiT #FinanceCareer #MortgageBroker #CareerOpportunity #FinancialServices #MortgageIndustry #CanadianMortgages #MortgageSpecialist #MortgageAdvisor🏦 @Tajmar Peters

🚨 Attention Reverse Mortgage Industry Professionals! 🚨 We Need to Stop Leading with 70 Plus Page Proposals and Confusing our Prospects and Referral Partners. It's time for a wake-up call. We're making a massive mistake in approaching potential borrowers and referral partners. Let's face it: our current method of bombarding clients with 70+ page proposal packages filled with confusing jargon and amortization reports is not cutting it. Terms like UPB, Max Claim Amount, and Principal Limit might make sense to us, but they're overwhelming and baffling to our clients. We need to simplify the complex. We need to speak our clients' language. We need to visualize the data in a way that's easy to understand. Imagine this: instead of drowning our prospects in paperwork, we start the conversation with simple, clear visuals. Let's use graphs and charts to illustrate a reverse mortgage's benefits and potential outcomes in just one or two pages. And here's a radical idea: let's lead with pictures, not pages of confusion. I've seen loan officers email these dense proposal packages, expecting clients to decipher them and convert them into an application magically. That's just plain ridiculous. It's time to put an end to this madness. We owe it to our clients and referral partners to do better. We must do better. So, let's commit to a new approach. Let's show an image of a simple comparison alongside the HECM Tool, side by side. Let's make the decision-making process clear and straightforward for everyone involved. Who's with me on this journey to revolutionize how we present reverse mortgages? Please comment below, and let's make positive change happen together! 👇 #ReverseMortgage #FinancialLiteracy #SimplifyComplexity #VisualizeData #ClientFocused #IndustryRevolution #ReverseMortgage #BusinessSuccess #ReverseMortgageOriginator #IncreaseReveseMortgageVolume #LessonsLearned #H4p #HECMforPurchase #HECM #HECMsales #HECMToolBox

This is How you can scale a business. and still give the personal touch... Check these results out. We took months to develop this and trained our team within days on it. I completely changed the way our mortgage company handled day-to-day procedures and increased our business organically by 23% within 6 months and a 900% increase in 5-star reviews in less than 18 months. I believe we grow and learn by sharing, here's a not so secret sauce in creating a WOW client experience for both Loan Officers, Partners and Clients. It really takes a whole team to make it happen. Need help developing your Mortgage Team? DM - Mortgageteam with your email and phone (just kidding 😝 ) I will send you my Manual for Mortgage Brokers with 9 attachments FREE which I detailed in this slide deck below. #mortgagetech #mortgagebrokerlife #leaf360

🌐🏡 Step into the future of mortgage convenience with our innovative paperless process! 🌿✨ In just minutes, accomplish what used to take days – securely verify your income and assets without the hassle of submitting a single document. 📑🚀 Embrace efficiency and join us in saving not only time but also countless trees. 🌳 Imagine a home purchase journey where the entire process is streamlined, eco-friendly, and effortlessly fast-tracked. 🏠💻 Our commitment to going paperless isn't just about saving time; it's about making your experience smoother and more sustainable. Ready to explore a world where digital meets dedication? Call us today to learn how this revolutionary approach can reshape your homebuying adventure. 📞🔒 Let's make your dream home a reality, effortlessly and responsibly. 🌟 #PaperlessMortgage #GreenHomeBuying #EfficiencyRevolution #DigitalAdvantage #StreamlinedExperience Website: www.simonsleoni.com Apply Now: https://lnkd.in/e64FeUXH Office Phone: 813-258-6767 x 232 SIMONS & LEONI HOME LOANS, LLC - Licensed by the Florida Office of Financial Regulation • MLD #1529 • NMLS #8768 | Licensed by the Georgia Department of Financial & Professional Regulation - Division of Banking • GRMA #21371 | Licensed by Oregon Division of Financial Regulation • 8768 | Licensed by Washington Department of Financial Institutions • CL-8768 | Equal Housing Lender . #brokersarebetter #mortgagebroker #tampa #florida #homebuyer #firstimebuyer #firsttimehomebuyer #firsttimehomebuyers #mortgage #buyingahome #veteran #veterans #homeloan #homebuyeradvice #VA #VAHomeLoan #VALoan #relocation #relocating #relocatingtoflorida #relocate #relocatetoflorida #preapproved #preapproval #prequalification Terms and Conditions Apply. Not all applicants will qualify. Subject to formal underwriting, credit, acceptable income, assets, and property appraisal. Guidelines, rates, and fees are subject to change without notice. Income limitations may apply to some loan products. Not all applicants will meet this timeline. Equal Housing Lender.

Most mortgage brokers don’t do this powerful yet often neglected strategy to significantly boost revenue. Many professionals underestimate follow-up due to its seemingly time-consuming nature or because they fail to see its true potential, allowing valuable leads to vanish unnoticed. I get it—I used to be in the same boat. In the past, if a prospect didn’t respond or declined, I’d write it off as a lost cause. But experience taught me otherwise. Just last month, I secured a new client from an email I originally sent back in February. Initially, the client turned me down. However, I set a reminder in my CRM to follow up a few months later, and now we’re successfully working together. This approach is equally effective with mortgage leads. For instance, one of our debt consolidation refinance leads finally responded to our fifth automated follow-up last week, resulting in a scheduled meeting this afternoon. This principle underscores the adage, "fortune is in the follow-up." Think about someone you connected with months ago and reach out again. Their situation might have changed, and they could be ready to move forward with you now. #mortgagebroker #loanoriginator

🚨 With the mid-July deadline for the NAR settlement fast approaching, the buzz in mortgage and real estate is undeniable. 🏡💼 Experts are advising real estate agents to rethink their approach with buyers, emphasizing the importance of clearly communicating their unique value proposition. 🌟 It's crucial for agents to articulate what sets them apart, the exceptional value they bring to the table, and how their compensation might work if the seller opts not to cover commission costs. This scenario presents a GOLDEN opportunity for loan officers (LOs) to step up and offer additional support to their real estate partners. 🤝💡 By aiding in this strategic shift, LOs can deepen their partnerships and collectively navigate the evolving landscape of real estate transactions. Now is the perfect time for LOs to assist their agents in preparing and crafting their UVPs and navigating the pricing conversation—after all, LOs excel at selling themselves every day! Who better to guide them than you? 🚀 If you're looking for some inspiration or guidance, dive into the wealth of knowledge shared by top real estate experts and coaches on YouTube! Your expertise could be the key to unlocking new levels of success for your agents. #RealEstate #MortgageIndustry #NARSettlement #ValueProposition ----------------- The Mortgage Collaborative University (TMCU) offers an innovative learning platform for mortgage professionals seeking to enhance their skills in sales, leadership, communication, time management, and recruiting. Harness the power of the TMC network to cultivate the most desired professional skills in the mortgage industry today! Learn more - https://lnkd.in/g6P-b8QR

Financial Assessments: Strategies 🌟 Webinar in progress at AKAL Mortgages Inc., discussing "Financial Assessments: Strategies for Salaried and Self-Employed Clients," unveiling valuable insights that play a crucial role in identifying the right mortgage product for consumers based on their qualifications and short-term and long-term goals. 🌐💡 Ready to elevate your career to new heights? If you aspire to become a subject matter expert in the mortgage profession, seize this opportunity! Contact us to discover more about exciting opportunities and how you can chart a successful path in the mortgage industry. 🏡📈 #WebinarInProgress #FinancialStrategies #AKALMortgages #SalariedProfessionals #SelfEmployedFinance #MortgageProfession #CareerGrowth #MortgageTraining #MortgageAgentTraining

I have been at Primary Residential Mortgage for 4 years and every single time folks join our team, I ask them why they did it. Here are some of the reasons for people coming on board. Our Marketing Team: We think DIFFERENTLY about the way we do marketing in this environment. Yes, we have all the bells and whistles of a traditional mortgage bank but what Laura Nagel's team does for Real Estate Agents is unmatched. No one can do what we do and now that we have data and ROI metrics to back it up, it's unstoppable. Our Operations/UW Philosophy: Under the supervision of two industry powerhouses with a combined 35+ years in mortgage banking, Margie Winkelman is one of a kind. Her team has over 115+ years of UW experience and her philosophy about getting a loan to the table is unparalleled. I have never seen someone who wants your loan to close, more than her and her team. Our Culture: THIS IS WHAT IT'S ABOUT. Culture is something that most companies say they have but cannot define. We CAN define it. PEOPLE OVER PRODUCTION. Case closed. #prmi #midatlantic #rt2b #loans #mortgage #culture #marketing

If you're self-employed and applying for a mortgage, keep these key considerations in mind: 📊 Detailed Financial Records: Prepare thorough documentation of your income, including tax returns, profit and loss statements, and bank statements to demonstrate your financial stability. 💡 Strong Credit History: Maintain a healthy credit score by paying bills on time and managing outstanding debts responsibly, showcasing your creditworthiness to potential lenders. 📝 Professional Advice: Consult with a mortgage advisor experienced in working with self-employed individuals to explore tailored mortgage options and navigate the application process smoothly. Not sure about particular documents needed? I am here to help but oftentimes my clients will email and introduce me to their accountant and then we can work together on your behalf to action the documents and lender requirements with you as a team. By addressing these considerations, you can strengthen your mortgage application and increase your chances of securing the ideal home loan for your needs.  Carolyn Callero - Mortgage Agent, Level 2 Mountainview Mortgage Inc Independently Owned & Operated Brokerage Lic #12568