Why become a mortgage broker

dunstonh

and it put me off to be fair as I felt like (and this is said with no disrespect to FA's or IFA's) a jack of all trades and master of none. That really didn't float my boat as such and I felt that my age worked against me too sometimes.

I agree with you. It's why I do not transact mortgages or commercial business but stick purely with investment business. I do general as well but you dont need much of a braincell to do protection and household.

That said, I have the luxury of being able to do that as investment business falls on my lap every day without me needing to move from my desk. That "lucky" position allows me to speclialise and offer low cost terms. Someone starting out or not being able to get in the same position may have to do everything to survive.

AndyWallace

JoeK wrote: »

Andy, you have just hit the nail on the head.

Mortgage 2000 is far more accurate than Trigold and for this reason we are moving our whole operation to Mortgage 2000.

We have been conducting trials and test now for six months and are convinved that this is the way forward.

A recent adverse case was researched on Trigold and 140 potential lenders came up but only 20 would accept the client.

The same information was put into Mortgage 2000 and only 20 appeared. On checking all the twenty lenders would accept the client.

So, from 30 April 2007, it's goodbye Trigold and hello Mortgage 2000.

This is becoming interesting.

JoeK

I've not seen M2000 for some years now, so maybe it's worth a look. Used to use it at my old place.

Mr_helpful

kenshaz wrote: »

Andy I know that you have a sense of humour I pulled this from the site of a mutual friend of ours ,it was only a google away,I did not forget the ''

Dear Kenshaz and others
This has been pulled from the website of Maurice Ball and then taken out of context. unfortunately I am not Maurice Ball and Maurice Ball is not a member of this forum. Therefore you are slandering someone you do not know. I am reporting Kenshaz for that post and Martin may well be getting legal action against this site.

AndyWallace

Mr_helpful wrote: »

Dear Kenshaz and others
This has been pulled from the website of Maurice Ball and then taken out of context. unfortunately I am not Maurice Ball and Maurice Ball is not a member of this forum. Therefore you are slandering someone you do not know. I am reporting Kenshaz for that post and Martin may well be getting legal action against this site.

Funny though!

You can't take away the humour from this site and I don't believe any malice was intended. The fact that it was taken out of context makes this what it is - just fun.

You don't need to advertise a website in your profile.

Andy.

JoeK_3

Why oh why do we have to go off thread all the time?

No wonder not everyone wanted to join the elite breakaway Group in a previous thread.

Anybody thought about becoming a commercial mortgage broker?

JoeK

kenshaz

Mr_helpful wrote: »

Dear Kenshaz and others
This has been pulled from the website of Maurice Ball and then taken out of context. unfortunately I am not Maurice Ball and Maurice Ball is not a member of this forum. Therefore you are slandering someone you do not know. I am reporting Kenshaz for that post and Martin may well be getting legal action against this site.

Mr Helpful why have you decided to associate yourself with my post,no mention of you was made if you wish to take on that role that is your decision as long as you feel happy with that.Would you please in future refrain from the use of my name in your posts.

I suggest that you reread my post ,nothing was stated about any individual by name either in a negative or positive manner.
I can only suggest that your emotional outburst was perhaps rather unprofessional as where your remarks in respect to other brokers on this site .

The reference to a mutual friend is that why you feel aggrieved the gif is in the public domain.

I feel that your over reaction has actually created adverse publicity for yourself ,transferring the post from another thread .What was your motive and intentions for that action,because no direct reference was made to you,but if you wish association ,I have no problem with that.

JoeK_3

homer_j wrote: »

Could I tag onto this thread where you feel the future of mortgage advising lies.

Will it be more office based, home visits or will more people take to it over the internet/phone on a distance type arrangement. Maybe the mix will still continue.

I work in an Estate Agents with a pretty decent size panel of about 40 lenders but I can't help feeling that EA's will become more redundant in future with more and more people looking for houses on the internet.

What do you think the industry will look like in say the next 3,5,10+ years.

I think there will be opportunities for the mortgage broker that will visit a client and these may become the fee charging brokers and the home based internet brokers that have low overheads and that can afford to arrange mortgages for no fees.

As we have already identified, the costs are not comparable.

What with office costs, telesales costs, admin costs etc. it just isn't worth arranging a mortgage for say £150.

Or is it?

JoeK

AndyWallace

Mr_helpful wrote: »

I dont think Maurice has seen the funny side. If any solicitors were open today he would have instructed them by now. With you Andy I would believe you that no malice was intended but not from Kenshaz as he as far as I can see does nothing other than try to wind up brokers.
As there is space in the profile for a website why not make use of it.

But that's what makes it really funny. Brokers' reactions and the constant squabbling make me laugh so hard sometimes.

JoeK_3

kenshaz wrote: »

Mr Helpful why have you decided to associate yourself with my post,no mention of you was made if you wish to take on that role that is your decision as long as you feel happy with that.Would you please in future refrain from the use of my name in your posts.

Why don't we just pm each other on personal issues so that the rest of us can concentrate on the thread, instead of bickering like a bunch of school kids.

JoeK

Mr_helpful

kenshaz wrote: »

Mr Helpful why have you decided to associate yourself with my post,no mention of you was made if you wish to take on that role that is your decision as long as you feel happy with that.Would you please in future refrain from the use of my name in your posts.

Its been reported to abuse so we will wait for what happens. I think Maurice is also going to email Martin direct with a complaint for starters.