Landis’ Post

I had an amazing conversation with Kevin Peranio, and Rob Chrisman as we examined what is driving the high cost of mortgage origination. What spurred this conversation was when I read that while close to 60% of mortgage companies were profitable in Q1 2024 (good news), per-loan costs are still increasing! Those costs are $12,593 per loan, up from $12,485 in Q4 2023. From Q3 2008 - Q1 2022, the average cost per loan was $7,305! 😱 I had to get to the bottom of what is driving up those costs… ⭐ MY HIGHLIGHTS ⭐ – “Navigating The True Cost of Mortgage Operations” 1.    80% of the attendees knew that Rob Chrisman’s pet is a cat 😻 named Myrtle. A bunch thought his pet was a turtle 🐢 . I mean Myrtle does rhyme with turtle. You can connect with Myrtle on LinkedIn here. https://lnkd.in/eFtSe24c My request is still pending, so maybe you must be “in the inner circle” with Myrtle. 🙂 2.    📊 We polled the audience, "Are your costs per loan lower, the same, or higher than what the MBA has reported?", and 43% chose "I have no idea," while 43% chose "lower". What was surprising was the amount of people that don’t know their cost per loan. This is an opportunity in those organizations to do this exercise and examine the costs more closely for savings opportunities. 💰 3.    💸 Of total loan production expenses (Commissions, Compensation, Occupancy, Equipment, Other production expenses and corporate allocations), commissions and compensation were by far the biggest line item, but they are a necessary expense. You need your sales team to generate revenue! 4.    🤝 There are certain technology providers that can reduce certain costs that are rising at unreasonably high rates, such as credit and verifications. Truv is saving 80% cost over the incumbent verification provider, and it was great to hear our client, Kevin from PRMG, share the value they are getting from working with us. Check the full recording here: https://lnkd.in/ez3vYiT8

⭐️⭐️⭐️⭐️⭐️ What a lovely review—thank you! It's always nice to receive positive feedback from our clients on Trustpilot! With mortgage interest rates fluctuating almost daily, having a knowledgeable advisor to guide you through the process can make all the difference. Would you consider checking reviews before hiring a Financial Advisor? https://lnkd.in/gpawrDgY #lilacfinancial #reviews #mortgageadvisor

Embarking on a home-buying journey? Discover how working with a mortgage broker can transform your experience: 1. Wide Lending Options: Get connected to an array of financial institutions, including traditional banks and credit unions, opening up more choices for you. 2. Professional Expertise: Lenders offer trained and licensed insights, guiding you at every stage of your home-buying process. 3. Efficient Process: Forget the hassle of endless research and paperwork. Your lender handles it all, saving you time. 4. Negotiated Rates: Benefit from the potential of securing better rates, making the process more cost-effective. 5. Customized Assistance: Receive tailored advice and answers to all your questions throughout the loan journey. Reach out and learn how a mortgage agent can streamline and enhance your home-buying experience. Charlene Miller, Mortgage Agent Level 1 connect@mortgagesbycharlene.ca #lenderadvantages #homebuyingjourney #savetimeandmoney #personalizedhelp #efficientsolutions #mortgagesbycharlene #mortgageadvice #mortgagetips #homeownership

𝐘𝐨𝐮'𝐥𝐥 𝐩𝐫𝐨𝐛𝐚𝐛𝐥𝐲 𝐡𝐚𝐭𝐞 𝐭𝐡𝐢𝐬 𝐚𝐧𝐬𝐰𝐞𝐫... It depends! 🤷 We've got some lenders who don't even look at your credit score. 🙈 Others? They'll scrutinize it like it's the Mona Lisa. 🧐 🖼️  As a baseline: Most lenders want to see a credit score above 680. 💳  Some are more lenient, but once you dip below 600, we may need to explore alternative lending options. 🏦  These options can help in the short term while we work on increasing your credit score. 📈  Later, we can switch you to a standard mortgage product. 👍  It's a win-win, getting you in the market sooner with a solid plan to move forward. 🔮  Curious about your options? Let's chat! 📞 -- 📞 (403) 370-9020 🌐 jaydenbacks.ca 📩 jayden@jaydenbacks.ca #CalgaryLiving #CalgaryHomes #CalgaryRealEstate #CalgaryLife #CalgaryDreamHomes #CalgaryRealtor #CalgaryHomeSearch #CalgaryProperty #CalgaryForSale #CalgaryListing #CalgaryInvestment #CalgaryHouseHunting #CalgaryHouse #CalgaryLivingSpaces #CalgaryNeighborhoods #CalgaryCommunity #CalgaryBusiness #YYCRealEstate #YYCHomes #YYCProperties

Are your clients wondering if they can still buy a home with bad credit? In celebration of National Mortgage Professionals' Month this September, we're excited to partner with the team at Outline Financial. Their tailored mortgage solutions and comprehensive insurance options help ensure clients secure the best financing for their situation. In this video, Outline Financial breaks down the critical role credit scores play in the home-buying process. Lenders typically assess six key areas on credit reports: 👉 Payment History 👉 Credit Utilization 👉 Credit Mix 👉 New Credit 👉 Inquiry History 👉 Credit Score Have questions about mortgages or credit scores? Reach out to us, and let’s help guide your clients through every step!

Ok, so the process for crunching data is the same, whether you are a buyer’s agent, mortgage broker or an everyday investor. It is the same at least if you are following our Mastermind HTAG Methodology. Well, it is the same for those who want to crunch like the top 1%. If you are a buyer’s agent: You want to be sure you have not bought in dud areas an in doing so increase the number of referrals you receive If you are an investor: You want to build your portfolio fast and secure your financial future If you are a mortgage broker: You want to provide guidance to your clients and ensure the continuity of your loan book by providing more than other brokers Intentions and results are different, however, the fundamental process is one and the same! --> Whoever you are, reach out before the team goes through another round of price increases on the 12th. Just saying...

Helping brokers succeed | In a recent chat, Teddy Kyres, President of Orbis Mortgage Group, and Ronen Fishman, Senior VP of US Operations, dive into the importance of personalized goal-setting for aspiring mortgage brokers. Whether aiming for $100,000 or $1M, Orbis helps brokers tailor business plans to achieve these targets. Teddy explains the process of reverse engineering success by analyzing key metrics like application numbers, approval rates, and funding percentages. This strategic approach has been a cornerstone of his own success in the industry. 🏠📊

Ever wonder how much you and your partner can save with just a little teamwork? If you both save $105 a week, here’s what you could have: ✨ 6 months: $5,474 ✨ 1 year: $10,920 ✨ 3 years: $32,760 That’s enough to get you into a $600K home! BTW, Here’s how I came up with the numbers 👇 -> For 6 months, I used the average of 4.345 weeks per month: 6×4.345=26.07 weeks, 210×26.07≈ $5474.7 -> For 1 year, I used exactly 52 weeks: 210×52= $10920 -> For 3 years, I multiplied 52 weeks by 3: 210×156= $32760 Looking to buy a house in 2025? Don’t go broke trying! Comment GUIDE and I’ll send you an invite to a free Zoom session where we’ll go over how to tackle today’s market and avoid costly mistakes! ❤️ Like this post and 💾 save for future reference. Share with anyone you know who might benefit from this info. Follow → @happierhomeloans for your daily mortgage tips! Kristin M. Hayden Mortgage Loan Originator | NMLS #2215691 Barrett Financial Group, LLC | NMLS #181106 #HappierHomeLoans #SocialForGood #MortgageBrokerDallas #MortgageBrokerTX #MortgageBrokerOK #MortgageBrokerTN #MortgageBrokerFL #HomeLoans #KnowledgeIsPower #DownPaymentTips #mortgagelending #MortgageBrokerTips #MortgageAdvice #MortgagePlanning #HomeOwnershipGoals #SavingsGoals

There are two mortgage brokers. One frequently shares their “entrepreneurial success” on social media while making $4k a month in sales. The other puts their head down, owns multiple rentals in multiple states, and makes $300k a month. The difference? A realistic and actionable growth strategy. It's not enough to simply wish for success in business. You need to plan and execute. I didn’t transition from cold-calling and door-knocking businesses by hoping for the best. I made a plan to get my first client and acted on it with an actionable step by step plan. As we approach the end of the financial year, it's time to start planning for the next 12 months. Our team is ready to help you. - Generate more mortgage leads that are ACTUALLY QUALIFIED - Doubling your revenue in the span of 3 months - Climbing the ranks in your industry Book a free strategy session with my team today, and we’ll go over the details. Solflowconsulting.com #mortgagebroker #loanofficer

Thanks Alayna Gardner for allowing our CEO & Founder Steven Cooley share how Mortgage Advisor Tools connect lenders to the right vendors!