This article was originally published via Inman Real Estate News on January 30, 2024. Recently, mortgage loan originators have been using the following phrases, along with others, to draw in reluctant buyers. It may be difficult to tell which of these are simply good advertising and which could be a potential pitfall in your marketing. […]
Author Archive | Jillayne
Should loan originators take a second job while rates are elevated?
Should loan originators take a second job while rates are elevated? I recently had a conversation with a loan originator who was considering taking a second job “until rates come back down.” First, check your state mortgage lending laws and rules to see if there are prohibitions against having a second job. Some states will […]
Loan Originator Classes via Webinar: What to expect with Zoom
Loan Originator Pre-licensing and Continuing Education WEBINARS via Zoom I will send all attendees a direct link to the LO CE webinar. The link will take you to Zoom and our class. If you’ve never used Zoom, I recommend planning to log in at 7:45AM If you’re super anxious about webinars and new technology, I […]
Loan Originator Classes via Webinar: What to expect with Adobe Connect
By Jillayne on July 6, 2020 in COVID-19, LO CE Live Webinars, LO CE Webinars, Loan Originator Continuing Education Webinars, Loan Originator Pre-licensing Webinars
Loan Originator Pre-licensing and Continuing Education WEBINARS via Adobe Connect You will need to download Adobe Connect and install it on your computer before the class starts. — Adobe Connect via the Apple App Store — Adobe Connect via Google Play — After you download and install Adobe connect, return to the webinar class link […]
Real Estate Agents: Stop Advertising Mortgage Rates
This article was first published on March 12, 2020 over at Inman Real Estate News. Real estate agents ought to consider best practices with regard to “advertising,” which can include posting about rates on social media, or holding yourself out as being able to make a loan. Let’s start with the definition of a “Loan […]
“The meaning of life is that it ends.”
So you googled my tattoo. “The meaning of life is that it ends.” This is a quote by Franz Kafka, “widely regarded as one of the major figures of 20th-century literature. His work, which fuses elements of realism and the fantastic, typically features isolated protagonists facing bizarre or surrealistic predicaments and incomprehensible socio-bureaucratic powers, and […]
For Brand New Realtors: Interview Questions to Ask Loan Originators
Newly licensed real estate brokers, here are some questions you can ask loan originators before deciding on who you should refer your home buyer clients. I recommend interviewing at least 3 licensed loan originators and maybe 1 registered loan originator who works for a depository bank. I recommend avoiding Wells Fargo at this time, due […]
Things You Can and Cannot Bring into the Classroom
Things you CAN bring into the classroom A cell phone that you know how to operate. You must know how to turn off the ringer and how to turn off all audible alerts Your own favorite coffee or morning beverage. At most locations, we will be served office or hotel quality coffee that will never […]
How to Pass the Washington State Designated Mortgage Broker Exam
By Jillayne on May 23, 2018 in WA State Designated Mortgage Broker Exam, WA State DMB practice questions, WA State MBPA
The Washington State Designated Mortgage Broker Exam is very tough. Licensed loan originators who want to pass the WA DMB exam, especially people who have passed a mortgage broker exam in other states, think they’re going to cake-walk through this, and are surprised when they don’t pass the first time. If you’ve been actively originating […]
Re-entering the Mortgage Lending Industry
There was a mass exodus in 2008 during the fall of subprime and wholesale lenders. Many people left the mortgage lending industry and now, former loan originators are re-entering the mortgage lending industry. This post will lay out the difference between working at a depository bank and a non-bank lender. In 2008, the first national […]