Tuesday, September 11, 2007

Mortgage loan officers: are you doing anything to protect yourself against current market?

Mortgage loan officers: are you doing anything to protect yourself against current market?

The Answer : Times are tough for loan officers/brokers right now. It's getting tougher and tougher to qualify people for home loans, both subprime and A paper. He's going to have to get out and market himself and his company. Find some more prospects. Look for a niche in your target market. Get out and meet some builders (don't waste your time trying to win Realtors). I get a lot of loans from a couple of bank employees who have even tighter guidelines than my lenders. Good luck!

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