Now, I know that headline got your attention. The surprising thing is that it is true. Now is the perfect time to be in the mortgage business, but only if you are professional, knowledgable, and have positioned yourself stratigically to succeed. We at Professional Mortgage Group have done all three.
You may ask how I can say this is a good time to be in this business. Well, the simple ugly truth is that it has been too easy for unqualified, unprofessional brokers to be in business. I'm talking about the mortgage brokers who didn't return phone calls, were unethical to their clients, and were not much of a partner to the Realtors that supplied them with referrals and were still able to stay in business. Those types are being left behind on a daily basis along with the lenders who allowed them to flourish. I say good riddance to the bad apples.
As all of the mortage market debacle unfolds (as with any market correction) you will find that those left standing are the quality brokerage companies that did and still do business the right way. I'm proud to say that when the dust has settled, Professional Mortgage Group will be there.
So, I say again that it is a great time to be in the mortgage business at least for those of us that do things the right way! Always work with someone you trust.
Your comments are always welcome.
Brought to you by Professional Mortgage Group, Inc. in Columbia, Missouri.