Відео

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .

Kind of wish you would have let her talk more.

My eyes are open. I'm actually skeptical. Love the show!

Excellent!

Freddie all the way for me!

Nice 👌🏻 btw by any chance do u need a podcast editor?

Excellent as always.

yeah, no

You give yourself to much credit

But you have to pay a 10% penalty, which is then worse before a certain age.

I can smell all the FhA fees from here

Why would you have a guest on and not shut up and let him talk

We are closing 100 Non-QM loans a month

You lost me on the haircut part. So a mortgage broker, in the same 300k example, has to pay $15k just to fund the loan? Does not make sense

Agree. Operating Costs and expenses always tend to rise, especially during tougher market cycles. However your point on being an independent lead sourcing purchase provider is valid in terms of commission % kept versus a LO who gets in house leads or leads provided by their sponsor, which the sponsor pays for. Your "But then" comment is also a good discussion point. Good stuff. 🔥

One caveat to this clip is this: What if via automation, off-shoring, virtual office, leveraging tech a lender / broker could greatly reduce the cost to manufacture? Then, the industry could avoid an industrywide reduction in sales compensation. BUT THEN...one could argue that the industry has ALREADY seen / experienced the reduction. It was done by more and more MLO's taking "in-house" comp to win a loan or a broker going "borrower-paid" in order to compete with the broker down the road who was willing to work for less. When those MLO's / Brokers look at their net earnings for 2024 and divide it by their annual volume, was the commission earned (in terms of bps) less than 2022? What about 2019? Or 2016?

🔥info as per usual. Ty

She’s awesome

DO and AQ dropping great nuggets!!!

That Kyle guy is so handsome!

The green book is fire!

You know what is absolutely crazy, I'm considering a subject- to offer on my home. I've been very skeptical about subject-to as a Realtor+LO since I heard about it but now I'm considering a subject to offer on my house... I've been a long time listener, you'd never had a subject-to guest. Now there's some validity, the universe is speaking haha.

Great guest!!

Except 2 of the 4 companies folded under, completely unrelated to my productivity... Your logic is flawed, if it's only exclusionary in nature

Not really the truth

True but most LO’s are looking for better comp plans now. The average LO is at 125bps. The goal is to increase spread and average 250bps net. That way similar or increase production spreads way further. And this does not have to be in the broker world this is done in the IMB space.

Thats a lot of 666's

How do I spell ticktock?

Am an upcoming loan officer, I am getting edified each time you stream. A huge shout to you🎉

Great episode.

Gayle’s living the dream lol 😂

Gayle’s living the dream lol 😂

Gayle’s living the dream lol 😂

That’s a great explanation of how mortgage companies financially function. If most mortgage companies are losing $1,000 to $2,000 per loan and they lose access to warehouse lines, could some of these companies go out of business?

Great episode gentlemen. I had the opportunity to meet Greg at thr BAC event in Washington DC earlier this year. His LinkedIn in posts are must reads for anyone in the mortgage business. Great guy. 👍

Great Breakdown DO!

Great interview!

“Polishing a turd”…ohhh my first broker used to say that about that kind of loan. He was a good man. RIP Michael “Wes” Coleman of The Mortgage Finance Corporation in Wolcott, CT. Miss you, old friend. The game continues. Your legacy lives on.

Great episode. I learned that I am not the only person who graduated from the University of Maryland (Class of 1987), was a local radio broadcaster (Southern Maryland and Poughkeepsie, NY) and then wound up in the mortgage business (30 years and counting). I’ve worked in every mortgage channel (credit union, large bank, Independent Mortgage Bank and now for four months Broker). In my opinion, for the individual loan officer in 2024, Broker is the best channel. For a branch manager or executive, IMB is probably best. Your mileage may vary.

Amazing podcast brother !!

2 mins in and I already know I ❤ this episode 🔥🔥🙏🏾

By far the best informational TLOP video I’ve seen. DO more like this please.

this is definitely helpful. 18 and i want to do this but i also feel im not ready and feel i should find something to get my feet in the water before throwing all hands on deck.

Downtown house and condos have HOA fees? So these aren’t the best for rental properties then I assume

Jc cracks me up bro

What are you 5 years old

🎯👊🏽

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.

As a lender to self generate, we have to really remind the consumer through direct mail, social, or whatever marketing, that a lender is vastly more vital to the home buying process, call me first, and here’s why. I always like to say, a lender can show a home and produce contracts with title, but a realtor definitely cannot write a loan. Which it’s sad the role we’re in biting at their heels, while, yes, some lenders pay realtors. Especially the ones in Miami, and those who did business back in the early 2000s before the the CFPB stepped in.

Hey DO! Ever since I began watching this podcast last year, I've seen major improvements in my day-to-day work habits & priorities as a loan officer! Just great stuff bro! Can you make a video on the best follow up scripts for loan officers trying to convert prospective borrowers into loan applications? My follow-up game can use you improvement and I believe it could be the difference between 2-4 applications per month and 6-8 application per month for other loan officers as well.