Running Your Own Mortgage Shop: Plan Your Work then Work Your Plan
December 29, 2009 – 12:29 pmPosted To: Community Commentary
“Efforts and courage are not enough without purpose and direction.” This is a great quote by John F. Kennedy. Owners of small mortgage banking and brokering companies are passionate, energetic and motivated. It takes a certain personality and genetic code to own and operate a business in the mortgage lending space. We deal with a plethora of external and internal issues constantly in an attempt to be profitable all while not taking on too much risk. External issues include volatile interest rates, regulatory minefields and moronic competitors. Internal issues include inadequate liquidity, human resource challenges and cutting edge technology costs. We sometimes might even make business decisions that push the envelope to ensure our survival. As we look at Kennedy’s quote,...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.