Скачать с ютуб Top Questions From Loan Officers in 2024 | Ep. 470 в хорошем качестве

Top Questions From Loan Officers in 2024 | Ep. 470

👉 Sign up for the Newsletter: https://tloponline.com/#weekly-newsle... 👈 👉 Join our Community: https://tlop-community.mn.co/landing?... 👈 👉 Get Coached by D.O.: https://go.tloponline.com/lo-launch-f... 👈 D.O. answers several frequently asked questions by loan officers and provides valuable insights into the mortgage industry, with a particular emphasis on how loan officers should manage their time and prioritize their efforts, especially when dealing with borrowers who have bad credit. Key points highlighted in the video include: 🪪 Handling Bad Credit Borrowers: 👉 The importance of prioritizing time when dealing with borrowers who have bad credit. 👉 A general rule of thumb: only 2 out of 15 borrowers with bad credit can typically be "saved" or helped in the short term. 👉 The need to balance empathy with business efficiency. 👉 Strategies for quickly assessing whether a borrower with bad credit is worth investing time in. 👴 Age Considerations in Mortgage Lending: 👉 Discussion on whether being 38 years old is "too old" to start a career as a mortgage loan originator. 👉 The advantages of life experience when connecting with clients. 👉 How different age groups might relate to various types of borrowers. 🤝Wholesale vs. Retail Lending Debate: 👉 An in-depth discussion on the pros and cons of working as a mortgage broker versus a retail lender. 👉The importance of finding the right company culture and leadership, rather than focusing solely on the lending channel. 📝 Career Advice and Industry Insights: 👉 Tips for loan officers considering a career change or exploring new opportunities. 👉 Insights into different lending channels, including consumer direct and independent mortgage banks. 👉 The importance of continuous learning and adapting to industry changes. ⏱️Time Management and Prioritization: 👉 Strategies for efficiently handling inquiries and leads. 👉 The importance of focusing on clients who are ready and able to move forward with a mortgage. 👉 How to politely and professionally decline to work with clients who aren't ready for a mortgage. 🤌 Industry Trends and Future Outlook: 👉 Discussion on the current state of the mortgage industry and potential future developments. 👉 The importance of staying adaptable and open to new technologies and methods in the lending process. The video emphasizes that success in mortgage lending often comes down to effective time management and prioritization. Loan officers are encouraged to focus their efforts on clients who are truly ready and able to move forward with a mortgage, while providing basic guidance and resources to those who need more time or preparation. D.O. stresses the importance of finding the right fit in terms of company culture and leadership, rather than solely focusing on whether to work as a broker or banker. He also highlights the value of continuous learning and adaptability in the ever-changing mortgage industry. Overall, this video serves as a comprehensive guide for both new and experienced loan officers, offering practical advice on how to navigate common challenges in the mortgage industry and build a successful career. 00:00 Introduction 05:02 Age Considerations in Mortgage Lending 15:02 Handling Borrowers with Bad Credit 25:02 Wholesale vs. Retail Lending Debate 35:02 Career Advice and Industry Insights