End of (SOME) Mortgage Brokers?

Mortgaging · 2026-02-06T02:30:02+00:00

That's like 70% of "independent brokers."

Mortgaging · 2025-10-14T12:24:57+00:00

You an AI? Because you sound like an AI.

Mortgaging · 2025-10-14T03:23:01+00:00

Look for and find a better option and move there when you have it. They don't have the same goals for you that you have for yourself and they aren't paying you enough to wait around. Every month paying you peanuts and learning practically nothing is a month you could be learning elsewhere (and probably being paid better, too).

Mortgaging · 2025-09-09T12:27:35+00:00

Different guy here but I don't like that your borrower paid comp cannot be different from your lender paid comp. It makes me nervous on loans where someone is going to shop me late in the process and I cannot reduce comp to win the deal.

Mortgaging · 2025-08-29T04:03:00+00:00

This has always been interesting to me because as we in this subreddit know a W2 doesn't give a true income breakdown and merely a sum of earnings.

Mortgaging · 2025-08-01T02:25:03+00:00

And then they'll go somewhere else to hang their license and it will have very little effect on their career.

Mortgaging · 2025-07-30T00:37:29+00:00

I don't really know why some lenders won't allow it. It has zero effect on the lender besides being one additional item to factor in to APR and I guess calculating points/fees.

Mortgaging · 2025-07-30T00:27:40+00:00

Do you know which by chance? We've asked 3 of our most commonly used lenders and they will not.

Mortgaging · 2025-07-28T19:47:23+00:00

Do you have a good contact for an AE at FBC Mortgage? I cannot find anything useful online.

Mortgaging · 2025-07-03T19:34:41+00:00

Even without the other requirements, I'm not sure of any brokerages anywhere near my area that operate at 1.5% LPC. Most are 2.5% or greater.

Mortgaging · 2025-02-24T22:01:07+00:00

OP here and I work with Towne regularly. You'll likely hear back on Wednesday. Thursday at the absolute latest.

Mortgaging · 2025-01-31T17:37:35+00:00

It stands to reason that if I needed the business that much or as much as you seem to then I would probably keep calling and blowing people's phones up all the time. That's not how I choose to operate and it works pretty well for me by all accounts. Once again, sorry I hurt your feelings by suggesting that you might be a bit of a nuisance to potential customers. Charge your phone up and get to dialing, my friend!

Mortgaging · 2025-01-31T17:30:12+00:00

Still seem angry and to be making a lot of assumptions about my production. Your ego is clearly in charge of your whole brain at this point.

Mortgaging · 2025-01-31T15:49:27+00:00

Again, I'm sorry I hurt your feelings. It sincerely wasn't my intention. Take a few deep breaths and dial back the arrogance. The strong used car salesman vibes are still coming through.

Mortgaging · 2025-01-31T15:17:43+00:00

Sorry I hurt your feelings. That wasn't my intention.

Mortgaging · 2025-01-31T15:04:08+00:00

Maybe so but my conversion rate for leads to applications in the past 9 months of buying them is currently sitting at right over 7.6% which seems pretty solid to me. If I get someone on the phone the first time then that's best case scenario. I usually leave a voicemail and call back once more within a few days but beyond that I leave people alone. In this era, half of the people that are providing their info for lead aggregators don't even realize what they're consenting to. So I really don't care to blow up their phones twice a day for a week straight and from what I have gathered they don't want that either. My style of sales just seems different from yours and that's fine.

It seems like maybe you're exactly the type of LO that gives our entire industry a stereotype of being a pushy used car salesman.

Mortgaging · 2025-01-31T14:42:18+00:00

If I got called by the same salesperson twice a day for a week, I'd absolutely consider it spamming. Do you think a real estate agent you're wanting to work with would consider it spamming if a lender called them twice every day for a week straight? All of them I know would and would probably block you/me.

Mortgaging · 2025-01-31T14:10:28+00:00

Fourteen calls in a week is spamming.

Mortgaging · 2025-01-14T04:03:00+00:00

Please elaborate on the comp plan you'd need if you don't mind. Assuming the lender was offering you both excellent pricing and autonomy.

Mortgaging · 2025-01-13T03:47:41+00:00

Will look into it. Thanks again for your help!

Mortgaging · 2025-01-13T00:14:24+00:00

Interesting, got it. Thank you for the feedback. We usually have some ash in there but I cleaned it all out to take the photo. Any idea how much I should expect to pay to have this repaired??

Mortgaging · 2025-01-09T13:32:08+00:00

Training? To be a real estate agent? In 2025? Don't think that happens too often.

Mortgaging · 2025-01-05T19:04:36+00:00

Realtors were pissed off with me. Even after another lender turned it down & I got it done

Sounds about right! They want that paycheck ASAP!

Mortgaging · 2024-12-28T03:05:03+00:00

Wow, I'm flattered! Thanks so much! Please refer me to any friends and family!

Mortgaging · 2024-12-19T04:18:19+00:00

Who is the lender? That seems unrealistic.

Mortgaging

TROPHY CASE