Not to state the obvious… but there’s been a shift for both Realtors and LO’s. No, I’m not talking margin compression or automation or tech. But what it truly means to be a “Retail” Loan Officer or Realtor! I’ve watched this evolution occur over the past few years and I don’t know if we’ve lost our way or just morphed into something… Different… Let me explain.
If what you’re doing isn’t working, then you must consider this bit of wisdom.
NAR has put a ton of pressure on Ben Carson and HUD! They want Carson to finalize the FHA condo rule! NAR did a great job gathering 54 Senators and 120 members of the House of Representatives to sign a letter stating in short, the current FHA condo rules hurt both Buyers and Sellers!
The Mortgage world coined an unwelcome and overused phrase in 2018! At this time ‘Margin Compression’ is every lenders adversary! This has caused a lot of stress throughout the Industry… Let’s take a break from that and have a little fun with it! This is ‘Margin Compression’… A Spoof! Enjoy! ; )
You can’t read any lending related news without hearing about layoffs, margin compression or lack of net income in the mortgage bizz. Last week was no different. It was Movement Mortgages’ turn to right size, lay offing 100 employees nationwide.
With real estate companies becoming lenders, and lenders becoming real estate companies, what does the future of real estate and lending truly look like?
Today everyone seems to be talking about “disruption”! It’s the modern, hip, trendy term that CEO’s and executives love to throw around but often don’t understand at its core.
Real Estate and Lending continue to evolve as they embrace technology at every turn! The results aren’t in question, we know technology offers a better overall experience for the clients and we know its improves efficiencies across the board….What we don’t know is at what cost! Zillow, Redfin, Realtor.com, EXP Realty, and pretty much every retail mortgage lender and bank for that matter continue to struggle to right size their companies and find balance!