Is This The End Of The Party For Loan Officers?

My answer may surprise some loan officers so...

Rates are going up!
Ok- now that’s out of the way and to me it’s almost a bit funny since rates were 18.5 ( not a misprint) when I started in the 80’s.

Many originators I have been speaking to are literally freaking out over the recent daily bumps over the past 2 weeks.

BUT IS THE PARTY OVER?

For some the answer may be yes.
Just this past week a new company of young brokers opened up a shop right across the hall from my office. They seem very excited about the opportunity to make some quick and easy money with these low rates.

They have invested in nice furniture and have an entire area for 10 telemarketers.
I truly feel sorry for them - since I don’t believe their business model has legs and will last long.

Every time rates have gone down during the past 30 plus years new brokers pop up.
Then rates move and they are gone.

HERE’S THE TRUTH ABOUT OUR BUSINESS!
There will ALWAYS BE BUSINESS!!! - even at rates in the double digits.

People have to get mortgages and your job and my job is to make sure we are getting our share of that business.
People relocate for business reasons
People need a mortgage when they divorce and have to buy out a spouse.
People need to take cash out of their homes for numerous reasons.
Investors need mortgages.
Seniors need reverses.

I can go on and on- but the bottom line is that you need to keep everything in perspective.
Stay positive- and continue to build relationships with
Agents
Attorney’s
Accountants
Financial Planners and all of the other influencers.

STAY FOCUSED!!!!
Higher rates will mean less competition in the end !
Would love to hear your thoughts! and if you are a member /paid subscriber make sure you are using the Top Originator Software to work and track your plan~

NEXT WED stay tuned for another tested and proven - low to no cost strategy GUARANTEED to have you close more loans- make more money and still be able to enjoy life

Dedicated To Increasing Your Production,
Brian Sacks
Leave your thoughts below

WHAT IS THE TOP ORIGINATOR UNDERGROUND?

Each and every month you will receive:

1. ONE TESTED AND PROVEN strategy you will use to close more loan
   I am INTENTIONALLY only give you 1 proven strategy per month so you can spend your time implementing it and immediately see the benefit in new closed loans.

2. A Video explaining the strategy- why it works and how it works.

3. The actual tools and swipe files you need to immediately implement it

4. Access to the full library for previous strategies

5. Access to the Top Originator Software accountability and tracking software I created and use.

   Best of all these strategies cost very little ( some zero) to implement !
   
   THESE ARE THE EXACT TOOLS AND STRATEGIES I USE MYSELF SO YOU WILL SEE REAL LIFE EXAMPLES-
   NO THEORY - NO UPSELLS TO OTHER EXPENSIVE TOOLS OR TRICKS THE OTHER GURU’S USE

6. A group of fellow originators who you can share your success with and ask questions of … including me.
   

1. THERE ARE 3 OPTIONS - BUT NO LONG TERM COMMITMENTS
   1. monthly 29.99

   2. annual ( get 2 months FREE) for 299.00

   3. Lifetime subscription