Mortgage Industry Looks For New Revenue Opportunities - Fries with that Loan?
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
As home sales slow down and refinancing dry up with rising interest rates, the mortgage industry is looking at a rough year. To try to counteract this trend, the industry has decided to add new options for serving the customer. The Mortgage Weblog has found this interesting tidbit on changes in the mortgage industry.
Mortgage practitioners are seeing these fee based services as a way to build long term client relationships. “There’s no better way to build a sizable client base, create recurring revenue streams, and promote and maintain client trust and loyalty than to serve the best interests of your clients,” says Leon Morris, executive director of MIFSP (the Mortgage Institute for Financial Services Professionals). “Whether the homeowner is looking for a mortgage, a second opinion on a mortgage, a Mortgagor Financial Representative(TM), or assistance in evaluating and retiring and existing mortgage, as a mortgage practitioner you want to be the only person the homeowner looks to before, during and after mortgage origination. via The Mortgages Weblog
It will be interesting to see how this plays out.
It is possible that you are right. I do believe the solution is (what is happening now) allowing home mortgagees ...
I work in real estate and I must say that this is some troubling information, however, I am confident that ...
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
