‘Submarining’ The Boss For The Better Good

This former coach was able to save a home before it was too late

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Ric Beaudoin, Loan Officer, CrossCountry Mortgage

By NMP Staff

My Best Deal

Name: Ric Beaudoin
Job Title: Loan Officer
Business: CrossCountry Mortgage

How much was your best deal?
The loan was probably $180,000 to $200,000.

What made it your best deal?
The fact is, I was able to help out a single mom with two teenage children in her time of need. It was the highlight of my career and had nothing to do with income or compensation. It was about helping a person in her time of need. Commissions were not an issue for me.

What else was interesting about the deal?
One of my neighbors was about to lose her house. I had coached her kids. So I ran over to her house on the morning of the foreclosure. I was able to shut it down by purchasing the house myself, which I didn’t have to do. My boss was there to do the same thing and flip it.

In my opinion, I saved the family from embarrassment. She was adamant about staying in the house and raising her children there. Twenty-five years later, she is still in the home. I was able to put together some interesting and innovative financing. She wasn’t savvy about the financial world. She was motivated to keep her home so she followed my lead and mentoring and I helped her with repairing her credit, which is something I pride myself on. Since then, I can’t count how many referrals she has made to me.

When my boss, who owned the mortgage company at the time, found out I had “submarined” his efforts, he wasn’t happy about it, but he understood.

Have a great story about your best deal? We’re not talking about your biggest deal. We want to hear about your best deal — the one that resonates with you personally, the one that became the story you’ve told again about why you’re in this business. Head over to https://nmplink.com/bestdeal and tell us the details. You could win a $100 Amazon gift card if your story is selected for publication.