The mortgage industry is changing. A combination of factors has created a challenging environment for even the most experienced professionals to navigate. This year's rise in mortgage rates has resulted in a slowdown in sales. In the four weeks ending Aug. 21, new listings fell 15% from the same period a year ago.
Many people are now considered "credit invisible," meaning they have a thin or non-existent credit file. Borrowers' chances of being denied a mortgage will only increase if this continues — indeed a difficult time for our mortgage professionals to handle the present industry situation.
But, despite these obstacles, we believe our mortgage professionals and friends should remain hopeful and strong. And to encourage and recognize all of their efforts, United Guaranty honors "Mission Possible: Helping People Buy Homes" to acknowledge the tireless Mortgage educators and professionals across the country- this National Mortgage Professional Month this September. Additionally, United Guaranty looks forward to awarding hundreds of prizes in weekly draws to mortgage professionals, loan officers, processors, underwriters, and credit union mortgage originators.
Besides this, Styldod’s social media handles will also bring a reel about this National Mortgage Professional Month that you might enjoy. So, don’t forget to follow us on Instagram / Facebook / LinkedIn / Twitter.
In addition, here are a few tips on how to make the most of this month.
We have compiled a list of conferences that will brighten your day and cheer you up. Also, assist you in maintaining and expanding your sales and marketing strategies and initiatives!
You can attend the “Build-A-Broker,” an in-person training event designed to help you establish the solid foundations of your business.
Former Loan Officer Robert Senko will share the secrets to mortgage industry longevity and how Non-QM can help you smooth out the rough spots while creating long-term viability.
They have an incredible lineup of educational sessions with speakers like Vincent Valvo, Editor in Chief, American Business Media, and much more!
Takeaway: Visit “National Mortgage Professional Magazine” to read the latest news on real estate, mortgage, and finance, and also to connect with the mortgage community in your area. Attend a local event to meet your national and regional colleagues to get an update on all the mortgage news daily.