Skip to main content

Kimberly Kerrigan joins Generation Mortgage as new customer account manager

National Mortgage Professional
Aug 15, 2008

Keep your wits about you: A positive outlookJeff Barrloan officers, underwriters, mortgage officers, Jeff Barr, loan executive Gas prices continue to rise, consumer confidence is spiraling downward, housing starts are slowing to a halt and property values are staggering. Unemployment is rising, and so is your grocery bill. Despite all these negative factors, there are still reasons for optimism for loan officers. Loan executives provide an important role in the most significant financial decision that people make: Buying a home. As an individual embarks on a purchase or refinance, they have varying needs and desires. Understanding the client, being patient and leading the applicant down the proper road takes a creative and conscientious individual. Most loan officers have their client's best interest at heart when delivering the product to the customer. These professionals will be around for a long time, and proudly represent this industry. However, mortgage officers face many obstacles in this day and time. Brokers face stiff competition from banks to obtain each new loan or refinance application. Underwriters are putting on their bifocals, and the media is trying to drive mortgage brokers into new careers every day. The mortgage business changes daily. Listen to the client's needs and wants, be prepared for new requests from the underwriters, and be patient. The strong will survive. Here are some tools to think about during some of these less than perfect times: • Maintain your confidence levels throughout tough times; • Keep a positive attitude, no matter what; • Pay attention to the positive things in your life; • Relax; • Cyclical periods occurwe are in a down market now that will turn around; • Continue fine-tuning your skills by attending seminars or learning a language; • Increase your product knowledge and skill set; • Keep not only mentally sound, but in great physical shape; • Watch the news and follow economic indicators for macro-employment, as well as local job hiring and freezes; • Get or stay active in your community to keep your good name intact. Your career can continue to prosper. Keep your wits about you and maintain a positive outlook. Jeff Barr is a loan executive, trainer and adjunct professor at the University of Louisville. He may be reached at (502) 777-9555 or e-mail jeffbarr@juno.com.
Published
Aug 15, 2008
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021