Written By: Karen Deis
You don’t need me to tell you that you are going thru the biggest shake up in mortgage history (and yes, that includes the Great Depression). Warehouse lines are drying up. MI companies and wholesalers are cherry-picking clients and companies. Fannie and Freddie are making “updates” to their “updates” every other day.
Cavemen were the very first entrepreneurs! If they didn’t hustle their butts off, they would starve and die! They had to be resilient and cunning; always thinking ahead; where their next meal would be coming from!
Then came the industrial revolution. The labor unions. On the mortgage side of things, it started with mortgage banking companies. We were working for “someone else and wanted to be taken care of.” Then, loan officers left the “company nest” to become mortgage brokers. Some have done phenomenally well independently. Others joined net branches “as the best of both worlds”.
Okay, enough of the history lesson and back to the caveman! It’s more critical than ever to become self-reliant by using all that 21st century technology has to offer—and re-invent yourself as an “information entrepreneur”.
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