Posted
As
mortgage banking consultants and advisers, we have an opportunity to
talk to many folks in our industry on a daily basis. These folks come
from all aspects of the real estate lending space - mortgage
originators, mortgage bankers, warehouse lenders, banks, correspondent
investors, technology companies, service providers, etc.
If
we get a call from a mortgage originator, the conversation generally
revolves around production questions. How can I increase my loan
volume? Or, how do I develop a sales strategy and measure the
effectiveness?
Mortgage
bankers call us looking for ways to increase revenues, reduce expenses
and expand their warehouse lines. Some mortgage bankers are looking
for more capital to support their growth or to partner with another
mortgage banker because they can't support their growth. Some things in
nature never change: "You are either hunting for food or about to be
hunted as food".
We
also get a chance to talk to people from the warehouse lending and
investor space. It is pretty good time for the remaining warehouse
lenders and investors. There's not a lot companies in those two spaces
today as a result of the financial meltdown last year.
And
of course, everyone else calls us to talk about their products and
services that support both the originator and mortgage banker. There
are some great things in the market place today to support loan
originators and mortgage bankers. From marketing and lead management
to work flow process and imaging, there are many cool products and
services to help increase revenues, lower costs and reduce risk.
The
only group we rarely get a call from are the mortgage regulators. We
actually would like to talk with them more, but we do hear a lot of
intel from everyone else. Mortgage professionals can expect three
things in life: Death, taxes and regulators.
Stay
tuned for some observations, thoughts and ideas based on our daily
dialogue with our clients, friends and industry participants. Tomorrow
we'll have some thoughts about loan officer recruiting.
Garret, Watts & Co.
Helping mortgage lenders increase revenues, control costs, and better manage risks
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Article by:
C.M. "Corky" Watts, CMB
Garrett, Watts & Co. - Helping mortgage lenders increase revenues, control costs, and better manage risk.
http://new.garrettwatts.com/
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