MLOs, Prepare For Changes In The Housing Market By Understanding These 4 Points
As the market slows, many originators will leave or go dormant. But maybe it’s not the industry you need to consider leaving, maybe it’s your Broker / Lender. There are 4 Great Reasons you can make 2024 a HUGE success.
Don’t waver in a slowing market. Successful industry professionals raise the bar and intensify production during times of adversity.
Here’s why:
- Fewer MLOs mean less competition
- Expanded opportunities to build stronger and new realtor relationships.
- Greater ability to accentuate and go deep with borrower relationships.
- The ability to dominate the purchase market.
- Cash-out refis are primed to explode. WHY?
- Household consumer debt is at an all-time high at over $17.1 trillion. -experian
- Soaring borrowers gained $1.3 trillion in home equity in Q4 2023 8.6% from last year alone, according to The Mortgage Reports.
- Competitive
lender platforms
with aggressive compensation rise to the top.
Innovative Mortgage’s no-frills, aggressive
compensation plan is the perfect choice for a changing market.
Top performing originators will stay focused during this time by doing the following:
- They create wins from diversity.
- They seek alternative approaches in an evolving environment.
- Use refreshed approaches to penetrate new markets and create deeper relationships and a determined call to action.
- They revisit their current origination platform because even a transition to a new lender is feasible and in many cases, highly recommended
Innovative and our originators continue to adapt and grow in the ever changing environment to stay on top of the fluctuating market. Innovative has thrived through all business environments since our inception in 2004. We continue to offer originators choices, flexibility, freedom, industry leading commissions, and more loan programs, investors, and wholesale partners than anyone out there.
You choose your compensation. Each day originators join us doubling their compensation from 100-125 bps to 250-275 bps. You can easily double your comp with Innovative Mortgage because we have more competitive pricing. If your production stays the same, you double your income. If it drops, then you could still make the same income or MORE on the Innovative platform.
Do not stick your head in the sand. Plan for 2024 and beyond! Call or text me and I will show you the steps to make 2024 a huge success,
727-222-4575.
Check out the
Innovative Difference - Or
Contact us
Innovative Mortgage Services, Inc. - 250769
Are you a mortgage originator looking for more support and better compensation? Interview us today and see if Innovative Mortgage Services, Inc. is a good fit for you.
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