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Posts Tagged ‘loan officers’

Curious About Father's Day!

Sunday, June 21st, 2009

post by Sam Collins
happy-fathers-day

Yesterday was Father’s day.  The celebration is usually held on the third Sunday in July.   My curiosity got to me.  I wanted to know, how did Father’s Day come into existence?

One of my favorite resources is Wikipedia.  This is what they  had to say:

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Father’s Day is a celebration inaugurated in the early twentieth century to complement Mother’s Day in celebrating fatherhood and male parenting, and to honour and commemorate fathers and forefathers. Father’s Day is celebrated on a variety of dates worldwide and typically involves gift-giving, special dinners to fathers, and family-oriented activities.

The first observance of Father’s Day is believed to have been held on July 5, 1908 in a church located in Fairmont, West Virginia, by Dr. Robert Webb of West Virginia at the Williams Memorial Methodist Episcopal Church South of Fairmont.   The church still exists under the name of Central United Methodist Church.

Interesting, but I knew there was some entrepreneurs out there that brought about its commercialization.  Here is what Wikipedia had to say:
The Associated Men’s Wear Retailers formed a National Father’s Day Committee in New York City in the 1930s, which was renamed in 1938 to National Council for the Promotion of Father’s Day and incorporated several other trade groups.  This council had the goals of legitimizing the holiday in the mind of the people and managing the holiday as a commercial event in a more systematic way, in order to boost the sales during the holiday.  This council always had the support of Dodd, who had no problem with the commercialization of the holiday and endorsed several promotions to increase the amount of gifts.  In this aspect she can be considered the opposite of Anna Jarvis, who actively opposed all commercialization of Mother’s Day.

Alright, so here I go.  Why doesn’t the Reverse Mortgage Association for Loan Officers, form a Day to Celebrate Seniors?    We could call it ” Senior’s Day”.   I checked it out on Wikipedia and could not find such a celebration. 

Here is the difference:  we would limit the celebration to 3 things:
1.  A phone call to at least one senior (not necessarily your parents) and wish them a happy day.
2.  A kind word and a smile.  Every senior you see that day, respond with a kind word and a smile.
3.  A heartfelt card.  Send at least one heartfelt card and say something nice.

Lastly, no presents. 

Let me know what you think.  By the way, Happy Father’s Day to all you Dads.

Remember, keep moving forward to stay ahead in reverse.
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Reminder:  Next Wednesday is our Member Call in.  There are some interesting things taking place:
1. eliminating the CMT 2.  talks about MIP increases 3.  new HUD protocols. 
Here is the link to listen and join in:  
Click Here

HELP YOUR BORROWERS WITH A HECM

Sunday, June 14th, 2009

This is a webinar you don’t want to miss, presented by HUD, June 30, 2009.
hud-seal

This FREE Webinar training will provide an overview and the latest updates to FHA’s Reverse Mortgage product, the Home Equity Conversion Mortgage (HECM). The covered topics will include: HECM purchase transactions, refinances, and updates to the HECM process. Both new lenders to HECMs and HECM experts will benefit from this FREE training. All Underwriters, Loan Officers, Managers, Processors, Closers, and anyone in the lending or housing industry wanting to better understand the HECM process could benefit from this training. Registrants will receive an e-mail confirmation prior to the webinar date with a web link, toll-free dial-in number and instructions for participating in the training. All times are MDT.

Click on this link to register:  hud-sealhttp://www.hud.gov/emarc/index.cfm?fuseaction=emar.addRegisterEvent&eventId=89&update=N

 

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Register for June 17th Event….CLICK HERE
If you want more referrals, you don’t want to miss this Webinar.
Learn a simple solution that really works.
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Remember; keep moving forward to stay ahead in reverse.

What effect will slowdown of refis have on Reverse Mortgages?

Thursday, June 4th, 2009

post by Sam Collins
dollarmark-questions

What effect will the refinance slow down have on the reverse mortgage business, specifically loan officers?

Most likely the slow down on the traditional side of refinances will have little effect on the reverse mortgage business and actually help lenders.  Why?  Because more loan officers are going to looking for a way to replace their lost income.  Perhaps this means an influx of new loan officers into the reverse mortgage space?

What should you to do to prepare for more competition?  Hopefully, you are already there, but if not, you need to evaluate where you are with your marketing plan.  These are some of the things you should evaluate:

1.  Is my current marketing working?
2.  What media am I not using that could help my marketing?
3.  What is my current marketing budget?  Do I need to add more?
4.  What is my method for tracking my budget and lead conversion?
5.  Do I know what my true cost of operations are?
6.  What is my current lead to conversion costs?
7.  What are my overall true operational cost?
8.  What do I need to do on a regular basis to make a profit?

Once you have the groundwork in place, be sure to stick to your marketing plan.  Monitor your plan on a daily, weekly and monthly basis.  If something isn’t working, don’t be afraid to change it.

Let me know your thoughts on how your business may be affected!?

Remember; keep moving foward to stay ahead in reverse.

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Our next Free webinar is June 17.  CLICK HERE to register.
Special Guest Tari Conley. A referral system you need to add to your marketing!

Reverse Mortgage Loan Officers must have desire!

Wednesday, June 3rd, 2009

moneyby Sam Collins

Reverse Mortgage Loan Officers desire to succeed!

To reach the success we all want takes Desire!   One of the greatest obstacle to attain desire is within ourselves, thinking that we can’t muster the desire, however desire is within us all.  The level of desire is the difference between the level of poverty or the level of prosperity you achieve.  

Last weekend I went to mow my lawn.  I quickly discovered the mower was out of gas.  My choice was simple, get the gas because my desire was to mow the lawn.  I really like the way the lawn looks after a fresh cut.  So it is with your level of success , it needs desire to get started.

As a society we are fortunate to live in America, where success is at your fingertips if you have the desire to better your life.   In the past decade we have seen many immigrants enter this country and become successful.  Why?  They had a burning desire to be successful.

Talk to yourself and be convinced that you can succeed.  Focus on the specific things you want and make a committment to do it.

Take your task one step at a time.  For example, if your goal is do 10 (ten)  reverse mortgages, start with doing 1 or 2 consistently for 3 months, then up the ante.  All the while working toward your goal of 10.  The essential element is to have faith in yourself that you can do it, then stick to it.

Remember; keep moving forward to stay ahead in reverse.

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Our next free webinar is June 17.  CLICK HERE to register.
Special Guest Tari Conley. A referral system you need to add!