So, 2018 has been an interesting year to say the least for both Lenders and Realtors. Lots of new moving parts, a cast of new characters and companies, thinner profits, income and margins are down and not just for Lenders!
Realtors, don’t you just love it when you sell a house and the lender or realtor on the other side is someone that probably shouldn’t be in the industry and has done maybe one or two transactions last year? I mean isn’t just the best!?!
Boy of boy was there fireworks between Gary Keller and Brad Inman! The Real Estate world blew up last week talking about this interview and we will post a link to the full interview in the chat log below, it’s must watch! It’s about 30 minutes so watch it when you get home. Grab a drink, get it bed and watch it! It’s good!
Join us for our new series – MASTERCLASS INTERVIEW WITH INDUSTRY EXPERTS! Learn about the future of the industry with Coach Bill Hart and hear about his most recent project, White Collar Warrior.
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.