Navigating the New Mortgage Landscape: Opportunities and Challenges Ahead

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.

In this episode, your hosts, Carl White and Owen Lee dive deep into the current state of the mortgage industry, discussing both the challenges and the exciting opportunities that lie ahead.

With Owen set to become the Vice Chair of the National Mortgage Bankers Association, he shares insights from his extensive experience in the field.

Join us as they explore:

  • The evolving landscape of refinance opportunities and how to capitalize on them.
  • The impact of technology and predictive analytics on mortgage servicing and retention rates.
  • Strategies for loan officers to stay competitive in a market where servicers are aggressively pursuing their own clients.
  • The importance of maintaining relationships with past clients and leveraging technology to enhance communication.

Don’t miss out on the chance to learn how to bring your A-game and thrive in the mortgage business!

Visit LoanOfficerBreakfastClub.com to join our community and get the latest updates!

Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

Importance of Refinancing in Your Business

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.

In this episode, your host, Carl White dives into a common misconception among loan officers regarding their closing ratios.

Many proudly claim that 90% of their closings are purchase deals, but Carl explains why this mindset could be costing them thousands of dollars each month.

He shares insights on the ideal ratio of 70% purchase to 30% refinance, emphasizing the importance of maintaining a balanced approach to ensure stability in any market condition.

He also discusses the moral obligation loan officers have to inform their past clients about refinancing opportunities and how to effectively reach out to them.

If you want to learn more and get access to the phone script mentioned in the episode, visit getmoreloans.com.

Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

Zero inbox is NOT a prize 

A while ago I received a course on “How To Get A Zero Inbox of Emails”. 
 
After spending about 12 or so hours reading the course and then implementing it, I came to a shocking conclusion: 
 
Zero Inbox Is Not A Prize!! 
 
After doing everything it said, which took a good part of a day, I found that I had ZERO more deals; Zero more income; and really accomplished absolutely nothing that is measurable. 
 

There is no magical check or money order that pops into your inbox when you get that “zero inbox” notification… 

I also shockingly discovered that just more emails pop in 3 minutes later. 
 
I remember that early in my career, feeling overwhelmed with all the emails, that I actually did an “email bankruptcy” and just deleted all the inbox, and never saw a difference… 
 
I discovered that when I really wanted to see a difference in my productivity, when I really wanted to increase the purchase deals in my pipeline, that I had to do actual “Loan Getting Activity”. 
 
I spent the next 30 days in “lockdown mode” and mapped out, then implemented a simple 4-step plan to bring in more purchase loans… 

… and not just a few more loans, but A LOT OF PURCHASE LOANS

I did this by doing an intensive study of my last 50 purchase deals that came in. 

I asked myself this simple question: 
 
“What specific activities brought in the last 50 purchase deals?” 
 
and “What do I need to do to do more of that / those things?” 
 
I was actually shocked to see how simple this was going to be. 
 
I found it was 4 basic activities: 

1. Talk to more agents that were currently closing 8 or more buyer sides in the last 12 months. 
 
2. Ask for more referrals from the agents and buyers that I was currently working with in current deals in my pipeline. 

3. Contact my past database using 3 methods (phone calls <gasp>, monthly mailers, and emails (the emails were the least effective even though I could automate them) 

4. Call my pre-approved buyers once a week, encouraging them (by having them mentally visualize why they were buying a new home in the first place), and then using a very simple and cool script, ask them for referrals of their friends, family, and co-workers who were looking to buy, sell, or refinance. 
 
That’s it.  Just sooooo simple. 

That’s how I drastically increased my purchase deals in a very very short period of time, and that’s how my team still does it today to have one of the most successful teams in the nation, all while I am working a 32-hour work week with frequent vacations. 
 
If you are going to work, if you are going to put effort into something, let’s make sure it has actual measurable results (more closed loans). 
 
I know that doesn’t sound sexy, I know it all happens without having to “build a funnel, I know it all happens without me paying for a bunch of Zillow leads or using some fancy schmancy widget of some sort. 
 
It’s just following a simple 4 step process that I now call the Daily Success Plan. 
 
It is just that simple. 
 
That’s exactly why I now help thousands of loan officers across the nation
 
Just to show you how simple it is, I’ll give you a completely free and LIVE 1 hour 1 on 1 Zoom call, just like the ones that these high-producing loan officers and branch managers get on our private one-on-one calls, and walk you through it step by step. 
 
Go Here to schedule your free and private 1 on 1 sample coaching call and we’ll map out in detail, along with scripts we use on our Daily Success Plan.  I’m convinced this will be a very very good use of your time. 
 
See you on the inside (and don’t waste time getting to “zero inbox”)… 

Avoiding Conflict Avoidance

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.

In this episode, your host, Carl White shares a recent experience with a loan officer from his exclusive group, The Alliance, who faced challenges with an ineffective appointment setter.

Discover the key metrics that define success in setting appointments with referral partners and learn why it’s essential to address underperformance swiftly.

Carl emphasizes the concept of “cost of lost opportunity” and how conflict avoidance can lead to costly decisions in your business.

He provides actionable insights on how to identify substandard performance and the importance of maintaining high standards within your team.

Don’t miss out on this enlightening discussion that could save you time and money!

Visit getmoreloans.com today to access our comprehensive training program.

Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

Understanding Market Trends: Why Waiting for Lower Rates Could Cost You

In this video, Carl White shares valuable insights on the current state of mortgage rates and how to effectively communicate with your clients.

Discover the good and bad news surrounding recent Fed rate drops and learn why now might be the perfect time for your clients to consider refinancing or purchasing a home.

Carl also introduces a brilliant strategy shared by Owen Lee, demonstrating how to visually compare past and present rate sheets to highlight significant savings.

He emphasizes the importance of understanding that as rates decrease, home prices may rise, and why it’s crucial to inform your prospects about this trend.

Don’t miss out on the opportunity to enhance your client conversations and boost your conversions!

Plus, Carl invites you to check out the re-recorded one-hour State of the Union with Owen, packed with essential information about the mortgage industry, including a major threat that many loan officers may not be aware of.

Watch now to gain insights that can help you succeed in today’s market!

For more tips, strategies, and scripts – we invite you to a completely FREE DEMO call here.

Loan Officer Freedom