Kathy Kemper-Zanck’s Post

Upside, I am finding what many are saying are true, there are more mortgage fulfillment positions opening up. Downside, they (some) are 1099, contract role positions with very long training periods and with a per file closed commission. No hourly, no benefits, no vacation, no anything. This is all fine and good, but the average file can take anywhere from from 15 days to 60 days to close and one will be sitting there with no level of pay, not even with the training, for a very long period of time. Does these companies honestly know how long mortgage professionals have been out of work? If you list a job, place this in the actual job listing.

This is the third time I saw a LinkedIn post about mortgage companies are now starting to hire again. A shift in the real estate business is definitely happening as the financial education niche is due to make it's rounds again on social. That's one of the reasons why I've positioned myself to helping real estate agents, insurance agents and mortgage brokers utilize a tool that helps homeowners cut decades off their mortgage amortization schedule. For those of you who want to get an early movers advantage, join me a referral partner and start building your agency now so you can be in position to help these mortgage brokers get an advantage in the market. It cost only $149 to get started with all the mentoring, training and guidance you'll need to be successful in this financial market. You can start by clicking the link below or messaging me for more details: https://lnkd.in/gt_XAtdP

Ok...crazy question for the Recruiters/Talent Aquisition/Hiring Managers out there...... This has been weighing on my mind and someone just needs to ask it, on behalf of all my fellow mortgage professionals. And yes I know many of those in the hiring process will be shocked/angered to hear this is happening and it's not a direct reflection on any one person, so please do not take this personally. QUESTION: What is the blackmark or stigma surrounding mortgage professionals that job postings are actually stating "Mortgage Professionals Need Not Apply"?? Here's just a few reasons to consider Mortgage Professionals for your team! 1. They've been successful in one of the worlds' oldest and most competitive businesses, finance. Did you know there are more than 9K banks in the US alone. Not including an almost immeasurable number of mortgage brokers on top of that. Imagine working in an industry where you have 15-20,000 competitor companies. 2. They can compete and win business deals at the highest levels. There are over 500,000 licensed mortgage loan officers in the US, you're competing every day against literally hundreds of thousands of people to earn your living. 3. They're dedicated to a level most people can't even imagine having to be for their jobs. They have engrained into their lives 24/7/365 availability. Need an updated pre-approval on Christmas morning, they've got you. Need a client to get pre-approved Saturday at 7 AM because they have a 10 AM showing for a home, done. Have an "emergency" deadline issue while they're on vacation with their families, they'll answer. They have to because if they don't, one of their 500,000 competitors will. 4. They're intelligent. Did you know the NMLS licensing exam has a 40% lifetime pass rate (60% of those who take the exam never pass, regardless of number of attempts). Comparison, the BAR Exam has a national pass rate of over 63%, with some states showing an over 80% pass rate. 5. Did I mention Intelligent. They have memorized thousands of pages of mortgage guidelines and laws. Did you know the popular FHA Mortgage Loan has OVER 1000 pages of guidelines to approving a borrower. Then add in, FannieMae, FreddieMac, Veterans, Rural Development, State Housing Programs, DSCR, State Specific Overlays, Lender Specific Overlays and I didn't even start into the hundreds of thousands of pages of Federal Mortgage Laws. 6. They are in tune with the latest and greatest trends and technologies. The best in the business spend time every day trying to figure out the next great tool before their competition. How can I automate more, how can I improve the customer and referral partner experience, how can I accelerate the application and approval process. If they're capable of this and more, in the most competitive environment, imagine what they could do for your team!

Switched careers? No worries! 🌟 While most mortgage lenders look for a stable two-year work history, there are ways to navigate this if you've recently changed jobs. It's all about showing your employment journey and steady income. A lender can walk you through this process, ensuring your career move doesn't hinder your homebuying dreams. Embrace change and keep moving forward. #careerchange #mortgagetips #homeownership #financialfreedom #realestateadvice #taylormillerhomes #ballardhometeam #coldwellbankerselect

😎 A LITTLE RECRUITING RIZZ 😎 (Ask a kid, lol) Let me give you some real recruiting game from an exclusive mortgage recruiter. If you are single on the market and looking to mingle, do you expect to attract someone with the bare minimum? Unfortunately, this is the approach many mortgage organizations take toward attracting mortgage talent, particularly sales talent. It often sounds like this... "We have every program, efficient operations, cutting-edge technology, and a great culture." These are the standards. To compete in the market, an organization needs these bare minimums. Now what? It's like meeting someone at the bar and telling them you are employed, drive a car, and have a roof over your head. OK, great. 👍🏽 Stop leading your recruiting efforts with the minimums, these are assumed. What makes your organization worth the time? Worth letting you buy them a drink? 🍸🍹 #RecruitingRizz #Mortgage #Mortgages #MortgageOperations #LoanOfficer #MortgageRecruiting #RealEstate #Housing #HousingMarket #MortgageBroker #OnTheMoneyTalent

Switched careers? No worries! 🌟 While most mortgage lenders look for a stable two-year work history, there are ways to navigate this if you've recently changed jobs. It's all about showing your employment journey and steady income. A lender can walk you through this process, ensuring your career move doesn't hinder your home-buying dreams. Embrace change and keep moving forward. #careerchange #mortgagetips #homeownership #financialfreedom #realestateadvice #lindsayhillhomes #remaxultimateprofessionals

2024 Mortgage Recruiting Update: A good producer is almost always a welcomed addition. However, more and more, the companies I interact with are truly considering the whole picture of the individual. Some companies have been through enough these past few years, expenses far beyond today's production (or in the very near future) is just not motivating or interesting. Let another company have that bill. Some companies feel they've worked out a way to build something unique with people who work together well and come with a team first mindset. No production is worth injecting an inflated ego or attitude. Assuming it's a decent company, I believe the more often an organization makes recruiting decisions that closely align the values of their existing team, the more likely they are to succeed.

Switched careers? No worries! 🌟 While most mortgage lenders look for a stable two-year work history, there are ways to navigate this if you've recently changed jobs. It's all about showing your employment journey and steady income. A lender can walk you through this process, ensuring your career move doesn't hinder your homebuying dreams. Embrace change and keep moving forward. #careerchange #mortgagetips #homeownership #financialfreedom #realestateadvice #mortgageadvice #mortgagesbycharlene

Question: What if I just started a new job? Answer: While most mortgage lenders look for a stable two-year work history, there are ways to navigate this if you've recently changed jobs. It's all about showing your employment journey and steady income. A lender can walk you through this process, ensuring your career move doesn't hinder your homebuying dreams. . . . #careerchange #mortgagetips #homeownership #financialfreedom #realestateadvice #mortgagequestions

The barrier to enter the mortgage industry is probably the highest it's ever been. In past conversations with candidates I always note the year they became a loan officer and if it's 2007-2010 I remark “wow, you came in at one of the least opportune times…how did you do it?” As hard as it was back then I think we will forever remember 2023 and yes, anyone starting their career and making it will be considered as unique and mystical as a unicorn 🦄 Keep in mind The typical success rate for a rookie loan officer is 20% - 30%…it begs the question…what is the success rate in todays market? Any guesses or wagers? We might not know for years to come. If you have hired a rookie recently, I'm curious what about the candidate made you believe in them. #loanofficer #rookie #mortgage #successrate #recruiting Dustin Eric Levin Melissa Masek, CIR Kevin Allen Francisco Ardila Ben Green Connor Bartley tagging recruiting leaders for their perspective on rookies