[QUOTE]Originally posted by S2k426
That is basically how it is, i have talked to enough people around the United States to know it.

 

let me guess... you work for an online mortgaging service... i.e... lending Tree? Typically only deal with A paper loans... henceforth... you never actually meet or see the individual, but unfortunately get stuck providing only one monetary service... which is lower rates.

I hate to break it to you... but you better branch out soon, because just as the railroad died for only focusing on bettering the railroad itself... Refi' boom companies that are merely competing with one another for rates... will die as well. You need to focus on transportation as a whole... or mortgaging (finances) as a whole. We bring in about 2 or 3 brokers from similar companies a month, due to their cutbacks and diminishing leads in a plateau

 

Our company deals with Purchases and Refinance's in over 38 stats it is hard to go to my clients house in Cali while i am sitting in the office in Maryland. Its not just rates, its the programs that the mortgage company can offer, some companys can offer certain programs. There are supriseing amount of ways to get someone in a house. Plus i understand that the REFI boom is over thats why we have done purchases for about 14 years now. This company is to big to fall through we have offices all over the united states and my company alone deals with more than 17 investors for programs and rates.

 

oh... the company will never fall through... just its struggling producers. A company like that depends on leads based on advertising of products... if competitive products are becoming limited, then their lead base will also... that is why you will not make 10k+ per month anymore in that setting. The top producers will continue to be the top producers... the squirrels trying to get a nut will be pushed aside, or forced to go elsewhere. Like I said, many of the people we've hired were decent producers at similar "state-wide" companies... but when leads dropped from 4-5 a day to 4-5 a week... the top producers would cry that they were not getting what they deserved and to fix it... the company lets the lower totem polers go...

I've done loans throughout the midwest and many people I haven't gotten to meet... but unless I really did something to help them with more than lowering the monthly house payment... referrals were minimized. Those I drove a few hours to meet... send me everyone they know

 

I do understand what you are saying.

 

S2K426 you da man. don't let JoeKing rain on your parade. He is right to some degree, but you are young and learning some valuable skills. If you can sell Mortgages over the phone you can sell just about anything. I started my career in RE telemarketing for listing leads, hard work, but when I left and started my own biz, those sales skills have been golden. I have been the number one sales person for my company for 14 years straight??? LOL

 

Not an S2k owner yet .
Curently working my a$$ off to get it hopefully first 1/4 of next year 2004.
I'm 20 and work full-time as an Agency Relations Coordinator for Daily Bread Food Bank in South Florida.

 

I'm not discouraging ya S2, just coaching... the best advice to give is never put all of your eggs in one basket with this industry... live by that, and you'll be the top producer for years to come!


jk

 

I guess i'll chime in on this one. I just turned 22, and currently my job as a dispatcher for Ryder Logistics (trucking) is starting to turn ugly. I've been there for almost 2 yrs. and I make 11.35 per hour. I was going to school and working F/T but that didn't work out, so here I am Working 3rd shift (10 pm-7 am) Mon through Fri. With the thoughts of selling my S and paying off any debts, and hitting the books full-time. I've wondered off the path of school for long enough, and am starting to realize that i'm going nowhere doing what i'm doing now. PROS about my job: Nice people, good hrs.(before I was working 3rd shift) and decent pay. CONS, No social life whatsoever,and Being treated like sh#$. I think i'm gonna find a part-time job if I can. WOW I feel better now! Anyone in the same situation as me wanna give me some advice?

Thanks for listening.

Greg

 

53, self employed insurance broker and investor of sorts.my wife works and we have $$ kids$$. I am impressed with what i have read so far. six figures gross but not net after expenses...