Mortgage Broker vs Tech Sales
Mortgage Broker vs Tech Sales
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If you're debating the two, look for software sales specific to the mortgage industry or technology driven initiatives that are catered towards mortgage. You have a leg up as the end user so selling something to these people should be easy, especially if you have a network already.
Mortgage tech all the way. Anything that makes their process more efficient and allows them to have less non-revenue producers (non loan officers) touching the process. Lots of margin pressure coming up next year for that industry so a great time to be selling efficiency. Also any type of AI that allows them to lend to those that typically don’t qualify for good rates via FICO scores.
What are some good examples of companies selling to the mortgage/real estate space?
I've heard of Juniper Square, Appfolio, Realpage, but not sure what others companies to look out for.
I've heard of Juniper Square, Appfolio, Realpage, but not sure what others companies to look out for.
@countingmyinterest Blend, Upstart, Snapdocs, etc.
What about it?
@paddy We've got a runner.
Lots of rich detail in this one.
I need to take a break from reading this beautiful piece of art, my brain is just so overwhelmed.
If you're an intern, what are you doing with a username like that? Put that single-origin down!
two jobs
Tech industry has been treating me well till now
I am curious to know why so many ppl are not in saas in here lol
I’ve done both. Some serious f*^* morons in mortgage making a ton of money ( in this rate environment ) Mortgage business always fluctuates with volatile interest rates and mortgage companies in general are very risk adverse when buying software. Also there isn’t much of a ladder to climb or advancement as a mortgage broker. You’re either a loan officer, branch manager who runs a team of LO’s, or a mortgage broker who owns their own shop. However you can make a ton of money!! I would stick with tech and if you are terrible at it after a couple years jump into mortgages. You really don’t need much brain cells to sell a loan. Talk to any rep that works at Rocket Mortgage and all they do is read from a script. 🤷♂️
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