Dropping Bombs · The Hidden Industry Where 1 Deal a Month Pays $90K a Year
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Hire loan officers as retention specialists to keep originated loans for 10 years in exchange for monthly servicing income and data access
“Over 70% of the loans that we will originate this year will be loans that we characterize as off-market or preferentially sourced loans with those borrowers.”
“In the mortgage industry, we all know what a trigger lead is... I want to give it to the loan officer. The loan officer has the highest retention rate in the business.”
“You can do a major renovation as a construction loan… the lender will take the higher rent that you're going to get at the end of the construction as income for servicing the loan”
“You have to own separate companies doing it. It can't be the same company... I now have a company called Evoland... that allows us to legally service loans at another company and pay loan officers.”
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