There’s no right or wrong way to write your mortgage broker business plan, but there are some key sections you’ll want to include to make the most of it. A plan that’s tailored to fit your industry acts as a roadmap that can help you structure your business and scale fast.
Read MoreAs an independent mortgage loan officer, purchase season is when you and your business can really thrive. With warmer weather and summer just around the corner, a significant number of prospective clients are getting ready to sell and/or purchase a home.
Read MoreIt’s no secret there’s a lot of competition in the mortgage industry. As an independent mortgage broker, you’ll mainly be competing against banks and big retail lenders. The best way to do this is to build brand recognition and credibility by establishing yourself and your business as an integral part of the community.
Read MoreAs an independent mortgage broker or loan officer, building and maintaining relationships is key to having a successful, long-term business. A CRM system can be your one-stop-shop for everything from tracking leads, to managing sales and engaging with your current and past clients.
Read MoreIf you’re thinking about opening a mortgage broker shop, it’s important to think about how a loan processor can help your business. Not only does a processor take time-consuming tasks off your plate, but they help ensure the loan process goes smoothly so you can focus on what you do best – bringing more business in the door.
Read MoreThe mortgage industry overcame many challenges in 2020 and fortunately, all-time low mortgage interest rates combined with a growing number of first-time homebuyers ready to find their dream home have kept the housing market in good health and it should keep it thriving in 2021.
Read MoreAs a loan officer or originator, there are a variety of loan products you’ll be working with daily. It’s up to you to understand each and provide your clients with the best loan options for their financial situation. When determining the best type of loan for your client, there’s a lot to take into consideration, such as credit score, debt, down payment, loan term, location and more.
Read MoreAs a local mortgage professional, immersing yourself in the community not only allows you to make a large impact, but it also expands your referral network. Small businesses support each other, and as you build relationships with other small business owners, you’ll have the opportunity to refer prospective clients to one another.
Read MoreWith more loan applications and prospective homebuyers filling up your pipeline, broker shops need quality loan officers to join their team and keep up with the demand. Between hunting down candidates to interview and making sure they’re the best fit for the role and your team, finding the best talent for your broker shop can be daunting.
Read More2020 has shaken up the world in ways we never imagined. With a year filled with so much uncertainty due to COVID-19, many industries have suffered significant losses. However, the mortgage industry has seen a massive increase in demand, due largely to record low-interest rates — driving home purchase sales and making mortgage refinancing a popular trend among homeowners.
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