THE BASIS POINT

State of the mortgage industry – dispatch from Mastermind 2016

 

The state of the industry is a favorite topic among mortgage bankers. Sales folks say ops folks are ruining their relationships, ops folks say sales folks are all prima donnas, and management folks hang around in conference rooms trying in vain to keep the peace.

But seriously, the industry is humming along right now, and serving consumers better than ever thanks to regulations that, while frustrating to mortgage bankers, are serving most of their intended purpose.

Sales versus ops, regs, and industry/consumer demographics were all hot topics last week at Mastermind 2016 in Las Vegas. Head over to Mortgage News Daily and check out my full write-ups on these eight topics plus seven more:

-Signing bonuses are not a recruiting strategy

-The mortgage industry sucks at social media

-QuickenLoans is the smartest mortgage company in America

-The mortgage industry needs more badass women

-Regulators are coming for mortgage and real estate company partnerships

-Consumer mortgage costs up 59% since Dodd Frank became law

-53-year-olds don’t know what’s best for millennials

-Mortgage banking is intellectual and pays well

15 Takeaways From Mortgage Industry’s Top Sales Conference: Mastermind 2016

 

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