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This move grants loanofficers access to real-time insights that are designed to improve borrower assistance and engagement. Loanofficers on the Uplist platform can now leverage Pollys product and pricing engine (PPE) to more easily pursue refinance opportunities. .
Traditional loanofficers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loanofficers must do to thrive. Understanding todays mortgage market challenges 1.
Kortney Lane-Schafers has been promoted to vice president of growth and client advocacy at Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries.
The savvy real estate agents and loanofficers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loanofficers ready to seize the day. ” Message : Project confidence and deep understanding of market changes. That means you’d better do your homework!
As a result, lenders can offer their own branded BBYS solution that is more affordable than most BBYS products and simplifies the homebuying process for homeowners, agents, and loanofficers from start to finish. Lenders want to consider who owns the clientrelationship and which brand is front and center in the transaction.
Also trending down from the second quarter is the brokerage’s market share which fell to 5.4% in Q2, a decrease Compass attributes to typical seasonal market fluctuations. and bringing in house title capabilities to 47% of the 67 markets the brokerage currently serves. This net loss is significantly higher than the $7.1
It ensures team members understand their duties and responsibilities, helps build quality clientrelationships and creates a positive work environment. Connecting a competitive edge, a strong marketing approach and a good customer experience Strong communication is one of the essential skills to a winning basketball team.
A loanofficer’s behavior right now in the upcycle has the ability to position them to excel in the down cycle. If you focus on your client retention strategy right now, you can create a second wave of business for yourself. You can take market share in a down cycle if you focus on client retention during the upcycle.
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