When I started in the mortgage business, one thing I liked was that there was always something new to learn. The last two years have made me question that.
The mortgage business has changed, those changes changed and then they changed again. If you have an old phone book around look at who was doing mortgage loans three years ago and how many of them are still around.
My point is be careful who you do business with. All the loan officers at AAA Mortgage have been in the business over ten years. If someone calls you trying to sell you something, ask about their experience. If they tell the truth, you will find you are most likely talking to someone who has been in the business less than one year.
Experience is only part of what makes a good loan officer, but if they have been in the business over five years you know this person understands some of the changes that will make a difference to you.
Bob Euler
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