Now is the time to be in or transition to the wholesale channel as an MLO. It provides the most options and the lowest wholesale rates and costs for the consumers, along with the greatest opportunities for ambitious MLOs and their teams to grow rapidly and make a bigger impact within the communities they serve.
Your new mortgage company should be a wealth-generating machine that creates lasting financial security for you and your family…
But unfortunately, that’s not the case for many of the self-employed MLOs I talk to, including those looking to make the transition from a restrictive retail lending environment to the wholesale side.
The problem I continually see new MLOs transitioning to wholesale running into all the time is thinking that free third-party resources are all they need to be up and running smoothly. But the truth is that those third parties will never be available on-demand for your specific questions and concerns like your own industry-experienced CPA working on your behalf would be.
And that’s why we’ve become experts in specialized mortgage broker accounting, tax, and compliance strategies that can help you increase profits, save big on taxes, make more while working less using technology and automation to your advantage, and stay out of trouble with all the various federal, state, and local agencies that are involved in your business.
Having that trusted business advisor and strategist on your side, especially one that has lives and breathes your same industry, and that can provide highly relevant advice and guidance, is paramount to ensuring your mortgage company thrives for years to come.
That's why I decided to write my latest book...