#ThrowbackWeek has been a success, what a great week on the blog. I didn’t even post on facebook the video’s this week (I will today) and it was great. What’s funny is just like today’s video even from 12-11 months ago each video still applies. Today’s WEEKEND CALL TO ACTION is perfect. I highly suggest you start thinking of “cash out” and whom you can network with to get cash out. The idea is to think outside the box.
Deck companies, excavating company perhaps, maybe a fence company a builder or construction crew. Get these types of companies to know you can help their clients get the cash to pay them. 🙂 Having a purchase pipeline is a must, but having a good mix of cash-out loans in the middle of the summer is icing on the cake for your pipeline. My suggestion, start thinking “cash-out” this weekend and make a list of companies or people to reach out to next week. Start now, don’t wait.
Just like RIGHT now is the time for setting up new lending relationships. What I do for my broker’s is above and beyond the call of duty. I help my broker’s that want to strategize with me on how to source more business in their area. I help them on and off social media to source business with various campaigns. All I ask is for a few loans in the process! Want a true business partner this year, that helps you with lead generation, recruiting, advertising and marketing, guidelines and closings loans? #LetsDoBusiness has been my new hashtag online this month. I am building out relationships here in the beginning of the year and want to impact as many as I can. If your a broker, let’s work together to grow your company!
#ThrowbackThursday – Remember 07/08 when the housing bubble burst? Remember those loans we were doing back then, the neg am pick a payment loans? How about interest only? Those are still around now. What most LO’s do not know is how this works with what’s called RECASTING. For example, if you have a 30 year fixed Interest Only loan, it’s really interest only for the first 10 years. Then whatever balance is left over come year 10, the loan becomes a 20 year principle and interest loan. (It Recasts). Based on the balance at the current time.
This could be great for those that are disciplined and apply some towards their principle through these years. However, if they didn’t they are in for a payment shock that month it recasts for sure. Technically this was 10 years ago now. And there probably is loans out there that are going to recast any minute. Within the last 12 months this has been happening.
Don’t get me wrong I like Interest Only products and have them now, but they should be taken and used by a product for someone who is educated on how they work. I also believe this could be a campaign some mortgage company does to advertise they are helping those that were in them. Great message. Throwback to a year ago on this video where I talked about the same thing;
This month I am setting up my roster for more lenders and brokers to help. I’m a different breed of AE or Lender Rep as you know them. I help my clients source business with marketing campaign ideas. I help with closing loans fast, on time and with stellar pricing. (so sharp recently I cut myself on the rate sheet). 🙂 Let’s do Business together! Fill in the form below!↓
#TwoforTuesday – This one is almost a year old as well. I ♥ guidelines. Funny a year later here we are accepting Bitcoin as a form of payment as well. This is back when verbal VOE’s were updated at the beginning of last year. Even a bonus guideline in this episode.
Look I do these for fun, to make our roles in the mortgage industry less stressful and to pass on best practices and helpful guidelines that you can use. What I do for a passion is help other people close more loans. I do this many ways, but it all comes back to my support staff. The team I have behind me. No matter what I do, I try to align myself with the best teams that can make an impact to your files. Second, I learn, invest, and master marketing campaigns that are successful to help you increase your business. And I have a 3 day workshop that can turn the way you view social selling completely around.
The Blueprint – Ultimate Facebook Fan page Marketing campaign guide. A three day workshop that will increase your reach, relevancy and results.