|
The Scoop from a Loan Officer
- From Lauren M
Since starting with The
Mortgage Exchange, I have gotten married, and we were
able to save up enough to buy a home.� I'm slowly
starting to build our portfolio by getting into the
stock market (conservatively!)� My husband is a
self employed musician, and is not at all involved in
the world of finances.� I was able to construct our
mortgage to what we wanted and be in charge of every
process.� That in itself was very rewarding for me,
because just a few short years ago, I didn't even know
what an escrow account was!�
The Mortgage Exchange has
grown too.� We now have�60 Loan Officers, a
full telemarketing staff, 10 processors,�and a�strong
management department (that includes myself).�
Every Loan Officer is fully trained by me to write any
type of�loan available, including conventional,
non-conventional,�home equity and second
mortgages, and FHA.� We are the second largest
broker in Chicagoland, and are in the top 20 for the
nation.� It's very exciting to look back and see
how small the company�was when I started.�
We've had growing pains, but the people who stayed
through it�all are that much better for it.
�
My husband's and my�goal�is
to have enough expendable income to buy investment
properties.� Many of my clients are in the top 5%
income earners in Chicago.� One thing I have
learned from the most successful of them is that you
have to have multiple forms of income.� It's a
very simple philosophy, but unless you work towards
it, and are ready to work hard for it, money won't
fall in your lap.� I've come to refer to this as
"passive income".��Properties that
are either rented out or fixed up and sold at a
profit, and�the stock market are the�investment
vehicles that�are elevating people to levels they
never dreamed of.� It's a very exciting concept,
and I'm learning everything that I can about�both
of these.
�
So this is my story.�
I hardly feel that it's a success story, it's just
life!� But�I'm�really looking forward
to seeing what the future holds.
We look forward to hearing more from you, our readers...Plain Finances is your
financial community!
|