TomoCredit’s Post

New week, new window to break! 💥 As Mortgage Loan Officers (MLOs), we're all about shattering barriers and seizing opportunities. Today, let's delve into a crucial decision many of us face in our careers: choosing between working at a mortgage broker or a banker. This choice doesn't just impact our personal success but also the financial wellbeing of our clients. 🏦 Working at a Bank: Sure, the security of a bank job can be appealing. However, let's discuss the trade-offs. Are you comfortable selling mortgage rates that might be higher for your clients, while receiving less compensation yourself? It's a tough spot to be in. Your hands might be tied when it comes to offering the best deals, and your earning potential might be limited. 🏢 Embracing the Broker Life: Now, consider the world of a mortgage broker. Here, we have the freedom to shop around for the best rates and terms for our clients. No more being confined to a single institution's offerings. We can truly tailor solutions that align with our clients' needs while also ensuring we're fairly compensated for our hard work. 💡 The Benefits: Working as an MLO at a broker opens doors to flexibility, innovation, and potentially higher earnings. We're not just selling mortgages; we're building relationships and providing personalized financial solutions. By breaking free from the limitations of a banker's role, we empower ourselves to create win-win scenarios for everyone involved. So, as we embark on this new week, let's not just break windows but break through barriers. Let's be the MLOs who are committed to the financial growth of our clients and ourselves. Cheers to a week of shattering norms and building brighter futures! 🚀🏠 #MortgageTuesday #MLOLife #BreakingBarriers #MLOs #MortgageLoanOriginators 

✨Ready to sail away from the traditional 9-5 grind? Join the trend of swapping dry land for a perpetual cruise, where the cost of living is half that of staying ashore!🚢 ✨As the mortgage industry sees a surge in cash-out refinances at a 3% fixed rate, the residential loan originators are in full swing helping borrowers.💰 ✨The Great Resignation of 2020 & 2021 set off a chain reaction leading to the Great Reshuffling, redefining work dynamics post-COVID.🔄 ✨U.S. workers are navigating job changes with agility, reshaping industries amidst the 'new normal.'🌟 ✨Industry leaders Richey May & Verisk are unpacking crucial insights on catastrophe and climate risk modeling, impacting loan pricing and servicing nationwide.🔍 ✨To all lenders and brokers, take advantage of LoanStream's Summer Specials for prime, non-QM, and FHA/VA loans - closing more deals has never been more rewarding!🏠 ✨Unlock these special rate improvements until June 30th, 2024, and simplify your lending process with top-tier software, products, and services in the market.💻 ✨For a competitive edge in the evolving mortgage landscape, it's time to seize opportunities, adapt swiftly, and navigate the waves of change with confidence.⚡ ✨Visit https://lnkd.in/gSfSkJ9p for more details on the exclusive June specials and secure your position in the ever-evolving mortgage market!📈

🤔🏡 Carrying on from yesterday's post. What's the scoop on "Mortgage Worthy," you ask? Mortgage Worthy means your file remains consistent from approval to closing day. 🗓️✅ Let's break it down further and explore what could make you NOT mortgage worthy, potentially jeopardizing your financing at closing: ❌ Changing Home Status: Shifting from owner-occupied to rental before moving in. ❌ Piling Up Credit Card Debt: Racking up hefty credit card balances. ❌ Seeking More Credit: Applying for additional credit. ❌ Job Changes: Switching jobs, quitting, or transitioning to self-employment from a salaried role. ❌ Work Leaves: Taking a leave of absence from work. ❌ Retirement: Transitioning to retirement. 🔍 There are other instances that can dampen your mortgage approval chances. Before making any moves, reach out to me. I can help you assess whether your plans could affect your closing in a negative manner. Remember, hindsight doesn't rewind time, and don't assume things won't be discovered by lenders. Lenders can pull your credit, verify employment and down payment right up to your closing date. Keep your mortgage-worthy status intact and make smart choices. 📚 Let's ensure you stay mortgage worthy and cruise toward your approaching closing date confidently. 📞🏁 #mortgage #mortgageagent #mortgagelife #mortgagelender #mortgagerates #mortgagepro #mortgagebrokering #mortgageexpert #mortgagetips #mortgageblog #mortgagepayments #mortgageadvice #home #mortgageclosings #realestatelife #realestateinvesting #realestateforsale #homeowner #homeownerfun #homeownerlife #hometips #homeownershipmatters #homeownershipgoals #homeownersclub #homeownerapproved #homeownersolutions #homeownergoals #bestrate #lowestrate

Explore New Horizons: Top 3 Reasons for Mortgage Bankers to Kick Some Tires! Career mortgage bankers, are you ready to kick some tires and explore what else is out there? Here are the top three reasons why now might be a perfect time: 1. Market Dynamics: In this ever evolving market, new opportunities are arising. Assessing the landscape can reveal hidden gems that align better with your career goals. 2. Growth and Support: As you evolve in your career, so should the support and growth opportunities provided by your employer. If you're not seeing the alignment, it might be time to consider other options. 3. Personal Fulifillment: Your career should bring you not only financial success but personal fulfillment. If you feel a yearning for more, it's a sign to explore new possibilities that resonate with your professional aspirations. Consider this an invitation to have a confidential conversation about your career path. Let's kick some tires together and see what exciting opportunities await in 2024! Feel free to connect or message me directly to start the journey. Charlie Crowe 301-518-3337 ccrowe@middletonadvisorygroup.com #MortgageBanking #CareerExploration #NewOpportunities Brian Boyles Marc Reich Cory J. Carroll Tom Middleton

Values over dollars? This stat says more than even I expected! While loan companies don't accept 'values' as mortgage payments, they're becoming increasingly important in our work lives. According to Qualtrics, 54% of US employees would willingly accept a lower salary for a job at a company with better values. Even more telling, 56% wouldn't consider working at a company that doesn't align with their values. So, while 'values' can't directly pay your mortgage, they're shaping our career choices and indirectly influencing our financial futures. It seems that when it comes to job satisfaction, 'values' hold their weight in gold. Is that true for you? #socialimpact #grow #myself #beyourself #happiness #bethechange #socialimpactcoach #hightechcompanies #techcompanies #esg #newbusinesses #businessessentials

Lesson Learned: The Best 2 Days For Mortgage Rates Since March Ahead of Jobs Report • Are you retiring or going through a career move or life-changing circumstances? • Do you want to live free and earn income from investment properties? • The stratification of rate offerings between lenders is very high due to rapid changes over the past few days and weeks. • On average, top tier conventional 30yr fixed rates have fallen more than 3/8ths of a percent since Tuesday afternoon. • But here's the lesson learned: It's not just about the rates, it's about finding opportunities in the market. • My 3-step guide to retiring in Dallas is exclusively for those who are retiring or going through a career move or life-changing circumstances. • This guide will show you how to live free and earn a return on investment from investment properties. • If you're specifically the type of person this post is for and you want to live free and earn income from investment properties, grab a complimentary copy of the guide by following the link in the comments below 👇 Grab a complimentary copy of my 3-step guide to Retiring in Dallas exclusively for those who are retiring or going through a career move or life-changing circumstances. Learn how to live free and earn income from investment properties. Note: If you don't see my comment below with the link, choose 'Recent Comments' in the dropdown below my post.

Did You Know…? With last Friday's range in 10yr yields of roughly 4.22 to 4.27, there was narrow window for today being an "inside day" (i.e. when the previous sessions highs were higher, and lows were lower). And with Friday afternoon's range being 4.25-4.27, there was an even narrower window to be able to refer to today as "sideways." Bonds were clearing both windows for the first few hours but are thinking about expanding the intraday range after 10am (on the happy side). RightStart’s lending division, A full-service Fannie Mae Seller/Servicer and a direct Ginnie Mae issuer.   30 years' experience in all aspects of the mortgage business: Conforming, Govie, NQM, Private/Hard, HELOC & Commercial exits. DM / Call @ 949-350-2210 Direct or email LBarton@rightstartmortgage.com   #mortgage #business #experience #conformingloans #fhaloans #va #nonqmlending #commercialbanking #realestatebroker #realestateagent #sales #buyersagent #preapproval #goodloansfundedfast #rightstartmortgage #directlending #serviceprovider #housing #realestate #job #federalreserve #people #team #art #leaders #building #science #leader #growth #naturalgas #oil #covid #interestrates #hiring #localgovernment #jobs #constructionindustry #help #school #email #employment #teachers #police #bank #realestate #loanofficer #adviceoftheday #retail #like #sales #VALoans #Mortgage #LoanOptions #economy #finance #investment #communication #mindset #creative #investments #LeadershipMatters #CultureWins #layoffs #economy #hiring #DSCR #bankstatementloans #nonqmlending

Ever wondered what makes a career in mortgages truly fun? Sure, interest rates may fluctuate like a rollercoaster ride, but one thing remains constant: the joy that comes from connecting with clients, understanding their needs, and guiding them through one of life's biggest decisions. In the world of mortgages, it's the human element that truly shines. Building relationships, gaining insights into diverse financial situations, and collaborating with a team of passionate professionals make every day an adventure. So, next time you're caught up in the whirlwind of mortgage rates, remember what truly makes this career rewarding: the people you meet, the knowledge you gain, and the pride you feel in making a positive impact. That's the heart and soul of the mortgage industry, and that's what makes it fun, no matter what the rates are doing.😊🌟 #Mortgages #RelationshipDriven #LendwithLendALoan #Hiring

🎓🏠Just graduated and think you can't buy a home due to lack of work history? Think again! 👀🚫 If you're starting a full-time, salaried job within 90 days, your transcripts can do the talking! 📜🗣️ Fannie Mae allows new grads to use transcripts in lieu of a 2-year work history. 📚✔️ Every new grad should know this! 🎉💼 T ag a new grad dreaming of a home and remind them to save their transcripts! 🏷️📂 🏡 📈 Follow @mortgageplannerdustin for wealth-building tips on mortgage planning and finance 📞📱🗣Reach out to schedule a consultation This is not an underwriting guarantee. Client must make a formal application and meet all lending guidelines, including income, assets, credit Educational purposes only #mortgages #mortgagespecialist #mortgagetips #liabilityadvisor #financialiteracy #financetips #mortgageadvice #firsttimehomebuyer #firsttimehomebuyerexpert #realestate #realestateagents #wealthbuilding #wealthmanagement

Exploring New Opportunities: Join Reliance Financial if You're a Mortgage Loan Originator in Transition Dear Mortgage Loan Originators, In the world of mortgage lending, the only constant is change. If you're a Mortgage Loan Originator who has recently been laid off or found yourself without a company due to closure, you may be experiencing uncertainty about your future. We want you to know that at Reliance Financial, we're here to invite you to explore new opportunities and embark on a journey of growth and success. The recent changes in your career might feel like the end of one chapter, but we believe it's the start of an exciting new one. Your expertise, dedication to helping people achieve homeownership, and your ability to navigate the intricacies of the lending world are qualities we highly value. Why Consider Reliance Financial? 1. **An Inclusive Environment**: We foster a culture of inclusivity, where you are not just an employee but a valuable member of our team. We encourage open communication and knowledge-sharing. 2. **Cutting-Edge Tools**: Our commitment to innovation means that we invest in state-of-the-art technology and tools to empower you to excel in your role. 3. **Comprehensive Onboarding**: Transitions can be challenging, but we've got you covered. Our comprehensive training and onboarding process ensures a smooth integration into our systems and processes. 4. **Growth Opportunities**: Your career development is important to us. We provide ongoing training and opportunities for personal and professional growth. 5. **Compensation Structure**: One of the most competitive in the industry. Change can be daunting, but it's often the precursor to extraordinary growth. If you're a Mortgage Loan Originator who has been affected by recent layoffs or company closures and you're seeking new opportunities, we invite you to explore what Reliance Financial has to offer. At Reliance Financial, we are excited to provide the support, resources, and mentorship you need to kickstart the next phase of your career. Join us, and together, we'll build a brighter future. To learn more about Reliance Financial, reach out to me directly at 510-461-2891 or via by email Scott@Relfin.com #MortgageLoanOriginators #CareerOpportunities #RelianceFinancial #NewBeginnings