Written By: Francis Phillips, Speaker for www.MortgageSpeakersBureau.com and Director of Business Development for Brightgreen Home Loans. His Santa Fe, NM branch (formerly 1st Metropolitan Mortgage) was listed in Forbes and Southwest Airlines Magazines. Hire him to speak at your next meeting.
The lending markets certainly changed in 2009 as lending restrictions increased even more causing mortgage brokers and bankers to reconsider their survival game plans. Shifts in lending, back to basics marketing and automation are the key to an increase of market share this year.
Shifts in Lending: I see more brokers aligning with a Mortgage Banker! Not a camouflage mortgage banker who does not underwrite their own paper but rather a real mortgage-banking platform that allows your company to underwrite their own loans! The shift is happening as we speak.
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