With the demise of some lenders like Greenpoint-Paul Financial and the pressures being placed on banks to get away from Stated Income lending could make it difficult for borrowers coming out of 5-7-10 year option Arms. Working with an experienced professional with years of experience and relationships is imperative. With changes in guidelines and loan amounts more FHA and full doc loans will be needed.
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Your Financial Coach - Bellingham, WA
Spoken from a true veteran, with years of experience obviously....
remember when you were young and starting out?
I am in the process of bringing on a young, smart and energetic new Loan Originator, no experience!
And in my experience, they are more open minded to learning and doing everything right.
Jun 16, 2008 11:07 AM
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...
Hello,
I would like to welcome you to Active Rain!
I hope to see more of your blogs in the future!
Educate us, learn from others and don't forget to have a little fun while you're at it!
Take care!
Jun 16, 2008 11:41 AM
Mountain Country Realty - Lake Arrowhead, CA
Welcome to Active Rain and congrats on your first post. Be sure to spend some time looking around at what and how others are blogging here. It is a great education and lot s of fun. Looks like you're off to a great start...keep it up!
Jun 16, 2008 11:48 AM
The Bill Kennedy Team - Keller Williams Realty - Spartanburg, SC
I just wanted to welcome you to Active Rain! This is a great place to learn and to help educate others, or just share your opinion. Enjoy all the different blogs and groups out there!
Jun 16, 2008 02:37 PM
Your Financial Coach - Bellingham, WA
My point was....after 5 years experience as a Branch manager, I like the enthusiasm of inexperienced new people....they seem to do better when they are ambitious. Too many old veterans give yes and no answers out like they have all the answers. The market has changed so much in the last year, that old veterans sometimes get caught up in the way it use to be because they don't spend any more time in training.
As far as a marketing plan....thanks for the old suggestion....it was one that I learned to use when I got out of college....a few decades ago...This company is celebrating it's 30th year in Business....they have a pretty good training program.
Alot of the people with this company are also registered Financial Advisors...as am I. We also have a few CPAs that are also Securities registered and do Mortgages....I think were pretty well covered.
Jun 16, 2008 03:44 PM
Keller Williams Greater Omaha - Omaha, NE
Welcome to ActiveRain!
If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain. It has a few simple steps of what to do now that you have joined.
If you ever have any questions, just let me know.
Troy Trumm
Jun 17, 2008 04:22 AM
Keller Williams Realty Simi Valley - Simi Valley, CA
Simi Valley Real Estate Agent
Welcome to ActiveRain. Congratulations on your first post. Get around and check out the community, you'll quickly figure out how to supercharge your blogging skills.
Jun 17, 2008 05:31 AM
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate
Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.
Jun 17, 2008 05:37 AM
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