These days, we talk a lot about layoffs. They've hit so many companies at this point, I have lost track.
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Hello, LOs!
These days, we talk a lot about layoffs. They've hit so many companies at this point, I have lost track. On Friday, Flavia Furlan Nunes reported First Guaranty Mortgage Corporation was shedding 500 jobs (and appeared likely to shut down entirely). On LinkedIn, mortgage industry pros were quick to share job opportunities to those who were laid off.
In one LinkedIn thread, Sun West Mortgage Corporation CEO Pavan Agarwal even offered his pitch on how the lender differs from competitors. Here's a snippet:
Our technology, Morgan, eliminates the need of managers, regionals, divisionals, area, etc managers who milk off the hard work of MLOs and add anywhere from 75 to 150 bps to the pricing - that's $2000 to $4000 per loan. Really? Do those people actually add that much value?
Why not work for a tech company with cutting edge technology that empowers the customer, YOU - THE LOAN OFFICER IS MY CUSTOMER, to be connected directly to the key decision makers and your loans close effortlessly in 7 to 10 days.
If your manager, area, divisional, regional are "living large with a big house, five cars" (quoting Cypress Hill) guess who's paying for it?
Folks, please tell me – who is hiring these days? And which positions are available? We're going to put a list together. We'll also use space in this newsletter over the next few weeks to highlight a couple mortgage pros who are looking for jobs. Are you an LO, processor, underwriter or branch manager who's looking for a gig? Email me at james@hwmedia.com.
That is the question! Whether you want to grow your database or drive referral business, there are several mortgage marketing best practices, digital tools and prioritization strategies lenders should consider as they generate leads in 2022.
This white paper will cover how digitizing the whole end-to-end mortgage origination process improves customer satisfaction, builds trust with users and results in a more profitable loan fulfillment process.
Texas lender Mid America Mortgage rebranded as Click n' Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations.
Join Notarize for an interactive discussion where you'll learn how to generate more business, close loans faster, and reduce funding cycle time, while providing an exceptional borrower closing experience. Register today!
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