January 12th, 2010
According to a recent article in National Mortgage News, it would seem that "no one in his right mind would choose" to be in the mortgage business. They back this statement up by citing the upheaval that the mortgage industry, as a whole, has experienced.
We have all read and heard about some selling loans to consumers who cannot afford them, charging excessive fees, being scrutinized by the government and many loan companies going out of business.
Many mortgage brokers (or should I say "former" brokers) have moved on to other fields of interest. So, what does this say? We here at Grandview Lending believe this is a good thing. Most still in business today are those who are ethical, commited to serving their clients and have a passion for helping people own their piece of the American Dream.
The National Mortgage News article also stated that those who are "... left standing today are believed to be the cream of the crop — experienced, motivated and highly professional." I totally agree!