The Emerging Mortgage Banker
I’ve been thinking for some time that the new HVCC rules might be just the thing to motivate residential mortgage brokers into moving into the mortgage banking sector of our industry, that and all the stuff I read about ‘broker’s being dust’ and having no future, being said by quite a broad section of industry observers, insiders, etc.
Although I completely disagree with the thought that the future of being a Mortgage Broker is doomed, it does look increasingly more and more difficult — a lot of issues seem to have conspired to drive them either OUT of Business or into being a more responsible corporate citizen by investing $$$$ in their own future, and becoming a mortgage banker definately would do that!
By and large, I’ve decided to provide more time to anyone that selectes our Mentor program and who picks me from among our faculty, to help them evolve into a mortgage banker organization. That advancement of their firms would surely be better for both them and our industry – which would please me to no end.
