Mortgage Consultant
May I get a definition on what a mortgage consultant is? and does?
How different is it from a mortgage broker?
May I get a definition on what a mortgage consultant is? and does?
How different is it from a mortgage broker?
I guess you could consider me a mortgage consultant. I then initiate the paperwork and send it to a broker out of state that can handle my requests.
Requests on property? Offers on property? Can you provide more details?
Lets see, first you get all the licenses. Real Estate Broker, Mortgage Broker, then get experience as an Appraiser and if timley take the Bar if you think you might need it Next do syndications, Investment groupings and move them between Real Property and Paper. Of course some time should be spent as an Escrow Officer, and goes without saying work in the Title Companies, especialy if you can get on the night court house date down crew etc. etc.
Now you are qualified as there is almost nothing that you have not experienced.
Most important during all these times you have been exposed to every Scam you can think of. From Desert Land to Florida submerged lots. New York style Sandwich Leases executed in thin air and oh lets not forget air rights first played to any large extent in Chicago..
Now you are qualified. Of course there is a problem. You are too damned old to place the value you used to place on building the big estate.
You are no longer satisfied to play Trumpet de la Trump. You have seen higher goals. LIke correcting a social problem that is gnawing away at the innards of Society.
So, you take all your well honed skills and you take on the Building Department and most of the construction industry, after all they will have to learn all kinds of new things. No more hammer and nails, no tasty little pieces of wood. Now it is steel plasma cutters and Mig welders etc. New stuff to learn as we start to convert into housing these steel containers who frankly from what they have told me, would much prefer to travel the oceans then be a dwelling for families loaded with noisy kids.
Strange indeed are the ways of the world. I'm not so sure I want to stay on the wheel and do it again.
Ah well. Lucius
Mortgage Consultant is to Loan Officer
as
Sanitation Engineer is to Garbage Man
as
Sales Consultant is to Used Car Salesman
Fancy name, same job.
Toooo Right,
No matter what the name, the job is the same.
You are in essence the point man in transaction.
You must manipulate the persons with whom you do business.
You see a series of properties. At their present use levels they are worth very little. But, ah, if joined together then there is value.
You form a Syndicate. One by one you contact the participators, and in the end you have an entity with funds, credit and a desire to gain even more wealth.
You take the now formed Syndicate and you obtain ownership of all those little adjacent parcels. They are now a really big parcel.
You take your dream (the development) and you present it on paper. Pictures, graphics, pie charts, projections. You put that together with the credits of your Syndicate and you obtain the fundage to create your dream, (the development.)
What is the difference between Rape and Seduction? Good Salesmanship.
What is good salesmanship? The ability to establish empathy, and then to utilize this ability to motivate. The End.
Lucius
For example, Deloitte & Touche,one of the nation's leading professional
services firms, would commonly describe their Senior Consultant-Financial Services Specialist duties as follow:
* Identify business risks
* Understand and document business processes and controls.
* Develop, plan, and execute Internal Audits to include:
Risk assessments
Process maps or flowcharts
Risk-focused audit programs
Testing of controls identified
Communication of observations and recommendations orally and in writing to
address the needs of different levels of management.
In the nutshell, you are the transaction point-man, person to blame when something go wrong and one who needs to fix it when everything is right. It is not the question if it sounds fency but rather do you want to stand on the heat or in shade while others try to make your money works for you.
Appreciate all the feedback...wow!
Pardon my slowness -- but are you saying that a mortgage consultant is someone I should avoid?