Mortgage Revolution, a non-profit, grassroots movement of true mortgage professionals joining forces to influence a positive change in the mortgage industry, has announced that the mortgage industry is undergoing an encouraging renaissance, only 24 months after the sub-prime crisis. To continue this positive momentum, Mortgage Revolution has announced its fourth event, MRev New York, Friday-Sunday, Oct. 15-17, 2010, at the Westchester Marriott in Tarrytown, N.Y.
“Mortgage rates have reached historic lows and affordability has reached a record high,” said Brian Larrabee, co-founder of Mortgage Revolution and a 20-year veteran of the industry. “But just as important, high-quality mortgage professionals, who have improved their skills and enhanced their networks, are once again feeling positive about the mortgage industry and are working ever more closely with borrowers to help them make the right mortgage decision. We are very pleased that Mortgage Revolution has been able to play an important part and helped almost 1,000 mortgage professionals become better at what they do and we urge all members of the mortgage industry to attend MRev New York and become part of our positive evolution.”
Mortgage Revolution events focus on education and networking. Each day, attendees collaborate for eight to 10 hours of intensive, hands-on classes on a variety of subjects. Then, each evening attendees reconnect to polish the skills they have learned during the daytime sessions.
“I still love being a mortgage professional, even though it’s a much more difficult—and at times a more cumbersome job than it was five years ago” stated Florida Home Finance Advisor, Chris Brown. “But when I see a family’s eyes well-up with pride after receiving the keys to their first home, it makes all the industry turbulence worthwhile. At its core, the mortgage business remains a very rewarding profession.”
In late 2008, Brown was becoming increasingly frustrated. Lenders were not interested in lending, even to the most highly qualified borrowers. Real estate prices were depreciating. It was the perfect storm. In January 2010, Brown attended the first Mortgage Revolution event held in Atlanta, Ga.
“First off, I have never been around a group of people so willing to help lift the spirits of others. Just when many of us needed to be picked up, Mortgage Revolution reminded me of why I got into this business in the first place,” said Brown. “In addition to recharging my batteries, Mortgage Revolution helped improve my skills and has been a key factor in my recent success.”
“At Mortgage Revolution, I learned how to incorporate social media and video marketing into my practice” said Philadelphia-based originator Jason Klaskin. “And the results have been phenomenal.”
“We have some pretty aggressive goals for MRev New York” said Klaskin. “All attendees will build their own blog. Everyone will shoot their first video. It is not just about learning the skills, but rather putting them into action.”
“An event like Mortgage Revolution used to cost several thousand dollars to attend. The fact that Mortgage Revolution is volunteer-based allows us to minimize costs—and opens the experience up to everybody, said Larrabee. “In addition, at the end of the event, we typically raise over $15,000 for local charities. It is very inspiring to be a part of this movement.”
For more information about Mortgage Revolution, visit www.mrev.org and www.facebook.com/mortgage.revolution.
