Good morning! I'm curious how my fellow competitors are doing in what has become a much more challenging environment. I seem to be doing just fine although I'm newer to the business and thus, still growing it. It seems to me a lot of very senior loan officers are scratching their heads as loans are getting harder to do and not everyone qualifies anymore. I don't think this is necessarily a bad thing. I always say that we can be found on every street corner and if there has to be a little attrition, so be it. I do believe that if a loan officer follows a tried and true system and remembers what got them to where they are currently, they will do just fine. Good luck to all of you out there. Have a great day!
Paul
Paul McFadden
Our office is stable, but I am seeing some fall out from others due to the credit tightening
Business is here in Alabama getting a lot tougher but I'm still keeping a float... I'm blessed to have a good team of realtors and repeat business... In the past two months 240 mortgage brokers in my area closed shop for good... I believe in the next couple of months a lot more will close... good luck on your future endeavors and remember to treat each customer like they're your last.