Mortgage Minute: More refi tips, building trust, changes and opportunities
Mortgage Professional America
Insider coverage of the real estate and mortgage industries, with innovation, tips and info you won't find in the press.
In today's Mortgage Minute
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Pro Tips & Tactics | Actionable advice to boost leads, retain clients, and drive profits.
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Pro tip #1: Make your presence known
Brokers can expect a surge in refinances as interest rates adjust, making this a great time to strategize. For Tyler Hodgson , executive vice president of growth at UMortgage , being front and center amongst the borrowing community is essential for brokers and loan officers when competing against well-established loan servicers.
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Pro tip #2: Stick to what works
In a market slowdown, having a reliable playbook is key. Mortgage pros Kahren Oxner , Jimmy Hobson ? , and W. Todd Bitter shared their tried-and-true strategies that can help you maintain profitability and weather any economic shifts.
Pro tip #3: Capitalize on the rising reputation
Mortgage brokers are earning more trust by putting clients first and being clear. ARIVE ’s Harish Tejwani and MS Lending Group broker/owner Michelle Dugan break down the steps needed to continue gaining traction.
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Industry Pulse | Expert insights on market moves and what they mean for you.
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Real estate investor sentiment trends for 2024
RCN Capital 's survey offers brokers valuable insights by tracking real estate investor sentiment. With data-driven trends, the index identifies opportunities and informs brokers and investors alike, empowering better decision-making in an evolving market
“[As] an indicator for the industry, it gives not only our investor clients but also our broker partners something to reference on a quarterly basis and leverage to inform their own businesses,” said Erica LaCentra, chief marketing officer of RCN Capital.
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Trending Now | This week’s must-read mortgage news – stay in the loop.
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Efforts to stop abusive trigger leads
A move to ban abusive and predatory trigger leads is gaining momentum. Broker Action Coalition co-founders Katie Sweeney and Brendan McKay say brokers and consumers will benefit “immensely” from efforts to crack down on these lending practices.
"Like-minded" associations unite for diversity
The NAMB - National Association of Mortgage Brokers welcomed the National Association of Professional Mortgage Women on board as its latest affiliation in September, a partnership the organizations hope will help advance the cause of equity and fair representation within the mortgage industry.
Listen next: What's new with NAMB?
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Question of the week: What impact do you think a ban on abusive trigger leads would have on your client outreach strategies?