It’s no surprise that many of us are feeling a little overwhelmed with the current state of the industry. Market share opportunities have never been better and interest rates have never been lower. While the volume and business is something to celebrate, the regulatory restraints and demands can become overwhelming. Everything takes longer and requires more education for those who were accustomed to old times. Having strategies and systems in place for pipeline management is vital, but there is no doubt that with new applications and existing approval management, things can become overwhelming at times.
While it is easy to feel that there is not enough time during the day to get things done, it is important to step back, put things into perspective, and identify what is really essential. Putting things into perspective while also taking short breaks will allow you to think more clearly and organize workflow to maintain efficiency. Knowing what is absolutely essential can avoid burnout by focusing on these items and getting them done.
“Life moves pretty fast. If you don't stop and look once in awhile, you could miss it.”—Ferris Bueller
A few simple ways to reduce the overwhelmed feeling:
►Designate time each day for a break
►Modify environment (enjoyable, music, etc.)
►Write down thoughts or goals for the day
►Delegate what you can
►Have consistent and productive meetings with operations team
►Communicate often
►Work out and eat healthy
►Don’t be naive about new regulations, stay informed and prepared
Stay motivated and be thankful for opportunities. It is a great time to be a mortgage professional. The opportunities are endless, but adapting to a world that can be overwhelming at times is required. More changes can bring more stress, but adaptation and preparation are vital keys.
Tip of the month …
We all need the reminder that family matters most. Get out of the office as much as possible and keep a healthy balance between your personal and professional life. Work to live and don’t live to work.
Andy W. Harris, CRMS is president and owner of Lake Oswego, Ore.-based Vantage Mortgage Group Inc. and 2010-2011 president of the Oregon Association of Mortgage Professionals. He may be reached by phone at (877) 496-0431 or e-mail
[email protected] or visit VantageMortgageGroup.com.
