Feeling the Pain? Submit, Close, Get Paid.
Hi there,
The first 10 years of my mortgage career was spent in the wholesale mortgage space for a national lender. One of the most valuable learning experiences over that time was witnessing how hundreds of mortgage companies handled the ups and downs of loan volume. What I learned is that no one did it well…not even the company I worked for. The reality was that no company could hire and train employees fast enough to handle the tidal wave of business that would crash into their companies processing, underwriting and funding departments when rates dropped.
If you are working for most companies…you are probably feeling that pain now or about to feel it very soon.
The concept above is why we at ARBOR have maintained our non-delegated correspondent and broker platform over the years. Our structure gives us the ability to shift our product away from those impacted negatively by volume. We have over 8 different resources we can sell loans to and over 20 we can broker to. This means that while other captive banks and lenders are trying to stuff all their loans through one pipe…we have 28 different pipes we can use.
In addition to keeping our pipes open! We also have an outsourced processing team with an infinite capacity. The typical processor/underwriter starts to break at the 15 to 20 loan mark…our outsourced team does not have that limitation as it staffed offsite with dozens of trained processors.
If your current company is not built for what our industry is…a cyclical hiring nightmare…then you may want to give me a call. We have learned from the rest and built a system that can thrive in volatile markets.
