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How to Get The Most Out of Your Mortgage Training
[June 6, 2008] by Broker-Trainer
Filed under: Mortgage Broker Training, Mortgage training, Short Sale help for Mortgage Brokers

Folks, it’s no secret that the mortgage business just isn’t what it used to be. Long gone are the refi boom, the various loan options for even credit challenged clients, and the plethora of high LTV loan products that you could offer to your clients. In short, it’s tough out there and I’m here to help. You may be wondering what you’re going to do and in what direction you want to go with your career. After all, you’ve had formal mortgage broker training, have attended mortgage seminars, and see the profit potential in the real estate business. Like I said, though, the lending industry just isn’t what it used to be so now what?

The truth is, folks, that preforeclosures and short sales are the wave of today and the future. As someone who has had mortgage loan training and who I’m sure pays attention to the news and realizes how many foreclosures are out there right now, aren’t you ready to learn how you can profit from the current real estate economy and, in doing so, earn 10 times what you would make for simply originating a loan? I sure would be. After all, unless I’m terribly mistaken, marketing for mortgage customers has become extremely competitive, and it doesn’t matter how much mortgage loan training you’ve had.

Instead of fighting over the few high credit clients out there that also have down payment funds, wouldn’t you like to learn how to again work with the types of clients who you used to work with years ago? Unfortunately, many of these past clients of the mortgage industry got in over their heads and/or have suffered from the declining real estate values across the country. They need your help and there is tremendous profit in working with preforeclosure clients when you are working with a proven system that gets results.

Over the next few weeks, stay tuned for a series of posts that will walk you through my innovative short sale training program that is specifically catered for those of you in the mortgage lending business. I can assure you that this is not yet another example of loan officer training, nor is it a mortgage seminar. In fact, this is something completely different from the mortgage broker training that you may be more accustomed to. What’s different about it is what makes it great. I hope you’ll join me for what may be the best education you’ll ever receive, and it has nothing to do with the mortgage lending business or issuing loans!

D.C. Fawcett

The Short Sale Expert to Mortgage Brokers

To get a FREE Short Sale Course for Mortgage Brokers, go to:

Mortgage Training for Short Sales

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Short Sale help for Mortgage Brokers
[June 5, 2008] by Broker-Trainer
Filed under: Mortgage Broker Training, Short Sale help for Mortgage Brokers

How to increase your file fee by 10 times

Are you settling for $3000-$4000 per loan? If you are, you are still making your money originating loans for borrowers and refinance clients.

Did you know there is group of mortgage brokers and loan officers secretly making 10 times the normal file fee for a loan with defaulted mortgages? You see, the big money in the mortgage business is no longer being made by originating loans. The big money is being made with defaulted mortgages. They don’t teach you this in any mortgage broker schools or mortgage broker training classes.

These mortgage brokers are collecting huge checks by discounting defaulted mortgages known as short sales. A Short Sale is when a lender accepts less than what’s owed on the mortgage. The process for completing a short sale is very similar to what you or your processor have been used to. You collect the financial docs from the homeowner, you submit them to the lender with your offer and short sale package, and you collect a big check.

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