The Public image of the Mortgage Industry is hurting us all!

By
Real Estate Broker/Owner with Artistic Real Estate Group 0252063

I think that all of you who spend your money on print and media advertising should contact editors of these publications and urge them to starting publishing stories about how good the homebuyers have it RIGHT NOW! My feeling is that the public is very reluctant to make a move, and one of the hindrences is the feeling that they might be doing something foolish. As you know, this is not true in most of  the country, and the time is NOW to get the best deal with the most choices. Call 'em, you are paying them!

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Rainer
32,280
Evelyn Panning
Property Connections Realty Inc. - Alturas, CA

There is so much to be nervous about right now.  But for those that have the money, good jobs, and good guidance, this is a great time to buy a home. ~ Evelyn

Nov 13, 2008 12:10 AM #1
Rainer
13,304
Jim Eyre, Everett, WA
Bank of America Home Loans - Everett, WA

Greg, I agree with you.  Those of us in the mortgage industry who are decent, hard-working, and honest have realized that our industry has deflated the public's opinion of us to the point where we are now ranked a little lower than used car salesmen.  So I ask you, in total and complete sincerity, in the minds of real estate salespeople, what can we do to realistically and legitimately improve the public's opinion of mortgage originators?

Nov 13, 2008 12:25 AM #2
Rainmaker
14,371
Greg Knapp
Artistic Real Estate Group - Plano, TX
- Experience Counts!

Jim,

I have been a RE Broker for 30 years and a Mortgage Broker for 20. I started doing mortgages because I was good at math, I was doing the work anyway, and I could have much more reliable information as to what is happening, because I was actually in the center of it. Part of the reason that Realtors seem skepticle of LOs has a lot to do with their feeling of helplessness in the face of a process that we both know is best described by Baron von Bizmark when he said "The Making of Sausage and Laws are best left unseen!" He could have included mortgage processing with that! The way the inards of the mort biz right now, it's hard to be certain as to what will close. And the mort biz is too complicated to explain in detail for most buyers and Realtors, so they need to find a good one and TRUST THEIR JUDGEMENT! Hard for them to do!

Nov 13, 2008 10:16 AM #3
Ambassador
327,005
Kirk Westervelt
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 and welcome to Active Rain! I encourage you to learn from others, share your knowledge and experiences with all of us, enjoy yourself, and try to log in and join us in the Active Rain community as frequently as possible. I look forward to your future blogs and comments! Take care, --Kirk.

Nov 13, 2008 11:28 AM #4
Rainer
154,195
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Greg, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Nov 13, 2008 08:25 PM #5
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Rainmaker
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Greg Knapp

- Experience Counts!
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