Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
What does suitability mean? If your a financial planner and you've passed your series 6 or 8 license requirements, you know that suitability can apply on many levels with each client. I was speaking to one of my neighbors who happens to be vice president of one of the largest insurance groups in my state. He told me that he fully expected mortgage brokers to eventually receive the same scrutiny that most of his colleagues faced in the securities industry. He told me that many of the products were now merging into each others markets, and little did he know about the August mortgage crisis, but his theory is playing out all over the country.
States and national agency's are reacting finally to the thousands of cases of fraud. From miss stated income to out right forgery the list of crimes is staggering! The other factor is that very few consumer suites have been originated, and the mortgage industry as a whole has dogged the major litigation that sieges other industries, but this is temporary and law suites will flow after the government gets done prosecuting!
One way that financial planners and insurance agents have over come this problem is through massive regulation and education. They are also very careful in terms of whom they sell their product, and if they do the mistake of selling to the wrong investor, then the consequences can be disastrous to that agent, from prison to massive fines! Selling securities requires professional demeanor and skill sets, half baked agent's won't cut it selling securities, which should be the case in the mortgage industry as well.
I know this isn't popular with most real estate agents, but mortgage planning is a subject you need to understand! Mortgage planners are a step above the average originator. They are usually trained or certified to consult with borrowers about their mortgage and how to manage it. The day's of walking into your local mortgage agent and having them crank out a loan in less then two or three days is a thing of the past. The mortgage industry is changing rapidly to a process that is refined and thorough. No longer can you just have a pulse and qualify for a loan. Your really going to have the income and assets to qualify. The problem is your average mortgage loan officer isn't trained or do they have the ability to think strategically. On the other hand, a properly trained and certified mortgage planner can provide much more of a service to a potential buyer then any average mortgage loan officer. Sometimes you'll have to wait longer before selling this buyer a home, but this buyer will be properly positioned to purchase many more properties in the future. Furthermore your buyer will be much happier with the overall process, from finding the home to closing. Furthermore you client's will refer more business your way then ever before.
I guess we were so busy for a time that most of us were in the habit of turning and burning, instead of building relationships and working deep with our clients. Now we have a opportunity to take a breath, and some of us really need to develop a referral base of happy clients. It starts when the client thinks you really care more about them then the potential house your going to buy or sell for them. It's time to work deeper with each client, and that may take extra effort, but the rewards can be enormous.
So find a mortgage planner, and find out what they know about credit restoration, equity management, and if they have any certifications. Then make sure each of your clients is interviewed by this planner before they even make their first offer. If more business does not motivate you, then remember the word "suitability", it's one that will not only haunt mortgage officers, but it's going to be one that haunts real estate agents as well. You sell someone a house they really can't afford, it's not going to be just the mortgage lenders fault, it's going to be yours as well.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.