| Mortgage Bankers are hurting..Help is here | | | | Usually other businesses slow down too. This |
| Everyday I get calls from good people from the | | | | creates a problem for themortgage broker |
| mortgage business and theytell me they are | | | | starting all over again. He or she will be starting all |
| starving. There are way too many loan officers | | | | overagain in a declining market. |
| for theamount of new home purchases and | | | | What do you do? One thing you can do is look |
| re-finances going on right now in thismarket. Just | | | | for a company thatthriving in a down market. |
| yesterday, I spoke to Michael from Scottsdale | | | | They are few and far between, but they are |
| Arizona, a manused to making $250,000 a year in | | | | outthere. There is an industry that thrives when |
| the mortgage industry just resigned fromhis job | | | | others are slowing down. Theyare marketing |
| yesterday. Scottsdale is the upscale neighborhood | | | | companies that help other businesses market |
| just outside of | | | | their products. |
| Phoenix Az. And the entire hot Phoenix real | | | | When a decline in business occurs, businesses |
| estate market has cooled off toa stand still. So | | | | have to spend more money inmarketing and |
| what are all these good people going to do now? | | | | advertising just to try to maintain. It has been this |
| Most of them will be go out and get sales jobs in | | | | way forthe past 30 years and it will continue to |
| anotherindustry and start all over. The problem | | | | be this way for the next 30 years. |
| with starting all over is that theyhave no clients, | | | | I am fortunate enough to work for one of these |
| no prospects and no income. Also, Do you know | | | | growing companies in themarketing arena and the |
| what happensto other industries when the real | | | | company is having its best year ever! |
| estate and mortgage industries crash? | | | | |