Broker frustrated with Fed inaction: ‘Give us a quarter and see what happens’

Date:

Share post:


“That’s why I love UWM so much, is that Mat is just out there every second of the day making our lives better,” she said. “And there’s a million other great companies, don’t get me wrong. There are so many good mortgage brokers and wholesale lenders. But he gets it, and it feels good to be supported.

“Because, when you’re out in the field and you’re crushing it and making money, it’s great. But when you’re out in the field and nothing’s happening, it can be really overwhelming.”

Finding consistency

Harris, who began in the mortgage industry in 1997, said if she were going to provide some advice for new mortgage brokers, she believes a consistent routine is a huge help in keeping a consistent mindset.

“If I were to talk to a brand new loan officer today, and they asked for suggestions, I would say one is consistency,” Harris said. “Every morning, I start with reading this job report. Every morning, I check on these things before I do anything else. You know, just really having consistency. Sometimes I’ll have no deals going, and I feel like I’m working my tail off, yet I have nothing to show for it.

“But then, when things get moving, I don’t know if the difference is you’re so excited that you don’t care how much harder it is, but I find that right now it’s just as stressful whether you have a lot or you don’t. Then when you get it, it may fall through.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Wells Fargo CEO Scharf to join board as chairman

Wells Fargo‘s board on July 31 announced its plans to appoint Chief Executive Charlie Scharf as chairman. ...

Latest Trump tariffs affect homebuilding supply chain

The impact on housing of President Trump's latest set of tariff announcements, including a 35% levy on...

Crypto Raised More Money in the First Two Quarters of this Year than All of Last Year.

With a friendly administration and $13 billion already invested in 2025, cryptocurrency is booming—but critics warn the...

Everyone’s watching Jerome Powell as warnings flash for the U.S. economy

A surprisingly weak July employment report has intensified expectations that the Federal Reserve will resume cutting interest...