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MortgageOrb.com just released this article http://ht.ly/2aIrJ indicating that Wells Fargo will be closing its financial stores and exiting the non-prime lending arena.

What is most striking is not the lack of loans offered (since less than 2% of loans were originated in the Wells Fargo Stores) - but rather the loss of 2800 positions in the next 60 days and 1,000 positions during the next year!

Think people in the Real Estate and mortgage world need to be working on a back up plan in live?   I know I am!

Do you have a back up plan?  Or do you have a "reaction plan" or a "crisis management" plan?

In today's markets, weather we are appraisers, Realtors, or mortgage originators, underwriters, etc - there is one truth........

There is NO job security.
We are ALL self employed in one manner or another.

I call my customers "clients".  You might call them "buyers".  Or you might call them "borrowers" or you might call them "boss".

Whatever your category - we are all in the same boat.  Customers, buyers, clients, bosses....they can all move to another provider at any time.

Ok, ok.....so what is the GOOD news?

Here it is.....YOU Have control of YOU.  You can choose to plan, prepare and take the reigns of your own destiny.  You can effect the change in your own life BEFORE others do it for you.

Chew on that for a while.  It may scare you at first...but in the end.....it just might empower you too!

Make it a GREAT day!

Richard_ferris

AUTHOR: Richard D Ferris - AmcAppraisalsinc.com 
Phone 877-789-5249 or email me: richard@amcappraisalsinc.com

 

 

Richard D. Ferris
AMCAppraisalsinc.com
richard@amcappraisalsinc.com

(877) 789-5249 Voice
(888) 828-5322 Fax 

Residential Appraisals in Lake, Orange, Osceola, Polk, and Seminole Counties.

Also servicing Deltona, Deland, and Orange City in Volusia County. 

Florida State Certified Residential Appraiser #RD4088 

FHA Certified

 
This post has been included in Florida Real Estate News
Post is included in group: True Mortgage Professionals
Post is included in group: Realtors®
Post is included in group: Mortgages
Post is included in group: Florida Realtor® Network
Post is included in group: Appraisers

1 Comments on More job losses in the mortgage industry

JUL
13
2010
2 Featured Posts

Good post there Richard. Things that seem a little scary now may be just the thing we need to grow. Have a great day.

9:26am • #1

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Richard D Ferris Florida State Certified (FHA) Appraiser

Clermont, FL

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AmcAppraisalsinc.com

Address: 10535 Summit Lakes Ln, Clermont, FL, 34711

Office Phone: (877) 789-5249

Cell Phone: (347) 669-4266

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