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Mortgage Broker Training
[June 3, 2008] by Broker-Trainer
Filed under: Mortgage Broker Training

Mortgage Broker Makes 10 Times More Per File Than He

Used to Make!

My name is Jason Medley. I’m a mortgage broker in the Tampa Bay Area in Florida.
I’ve been a mortgage broker for 7 years and I have always enjoyed a pretty high income from my mortgage business until recently with everything that’s happened in the mortgage market. To continue enjoying the lifestyle that I’ve come to enjoy, I knew I had to make a change to increase my income in my mortgage business. I convinced D.C. Fawcett to take me under his wing to teach me the secrets he uses in his short sale business to cash big checks on luxury homes.
On my first short sale, A client came to me in trouble and I immediately began working with the bank on her behalf. She was upside down in her home and owed about 131k on a home worth about 125k. After about 60 days the bank took 82k for the home and to be honest, I didn’t really know what I was doing. I felt my way through it and with DC’s guidance and knowledge, everything turned out beautiful.

Last week I closed a deal on a luxury home and cashed a check for $38,105.06! This is a lot more than I make per loan. I wish I had gotten D.C.’s training sooner. I love the fact that I can make Ten times the amount on one short sale deal than I can on one loan! Get Short Sale Training

I’ve found that short sales are a very natural addition to my mortgage business because it’s easy to convert REFI turndowns to short sales. The realtors that I have relationships with are bringing me deals because they don’t know what to do with these over leveraged houses. By showing them that I can turn their dead leads into hefty commission checks, they send me more leads than I can handle.
And with the amount of foreclosures out there right now, you’d be crazy not to get in this business. This foreclosure boom won’t be here forever and I know we aren’t making the type of money we used to in the mortgage business. I just figured out that we need to adapt in the current mortgage marketplace and this short sale thing is where all mortgage brokers should be focusing right now because this is where the money’s at. The money in the mortgage business is not longer at originating loans. Its on the other side of the business which is helping the lenders liquidate their bad debt, which is short sales!
I’ve found that it was very easy to train my processor to negotiate short sales for me because the process is similar with different nuances. The skillset that a person needs to be able to handle a bunch of files is very similar to a processor.
There is no one better to teach you all of these strategies than DC Fawcett and I emphatically recommend his coaching and materials. When I look back at my life and the accomplishments that I am most proud of, I have always had a coach to help take me to that next level. I had an excellent fundamental understanding of the short sale but soon realized I needed that extra edge in order to expedite my learning curve in order to begin helping clients in trouble while making some incredible money at the same time.

Take a deep breath, look at the numbers and what it will cost you to be coached by one of the best in this business, and know that your first deal will pay for it several times over. If you think you can’t afford it, realize the only thing you can’t afford is to skip this opportunity.

I‘ve had several experiences with real estate coaches and the thing you need to watch out for are the coaches that have been in the business for a long time because they are usually over priced and will not give you the personal attention that D.C. gives to his students enabling them to be extremely successful.

His system is very easy for anyone to implement and it’s scalable so its works great if you want to do this business part time or you can hire a full staff to do everything for you like D.C. does. He doesn’t even see the houses he buys and sells! That’s where I want to be and he’s helping me get there.

I would recommend to anyone that wants to increase their income in today’s market to get D.C. Fawcett’s information and coaching. You’ll be happy you did!

Jason Medley

Tampa Bay, FL

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