Better Yourself and Business in 2018 With These Resolutions

2018 has arrived and there’s no better time than a brand-new year to build a brand new you! That’s why we’re taking the month of January to focus on smart ways to not only better yourself but better your business, too.

Better Yourself

  1. Make a New Year’s Resolution and Stick to It – There’s no better time than the start of a new year to leave bad habits in the past and set your sights on building a better you. Setting New Year’s Resolutions though, isn’t the difficult part… it’s sticking to them that’s tough. Check out these top ways to keep your NYR’s from the New York Times.
  2. Try Something New – It’s easy to get stuck in the same old regularly routine day after day, year after year. While having a routine is normal, stepping outside of your normal comfort zone and trying something new can help you expand personally in ways you never thought you could. Travel to a brand-new place in 2018, sign up for a class to learn a new skill or language, or, pick up a new hobby you’ve always been interested in.
  3. Make Wellness a Priority – Taking care of yourself through health and wellness initiatives is important in building a better you. Make a commitment this year to stick to a nutritious diet combined with an active lifestyle in order to keep you healthy and reduce the risk of chronic diseases. Ask your employer about any health and wellness programs offered to help keep you active at work and enlist in the help of your family and friends to help keep you on track.

Better Your Business

  1. Find your Why – Have you ever truly asked yourself why you do what you do? What is the reason behind your passion and what keeps you going at work? Sometimes, in the monotony of our daily routines, we forget our purpose and passion for our careers. This is why taking the time to sit and find your “why” can help generate a new energy and focus at work. Check out this Forbes article for 4 questions to help you find your purpose today to get started.
  2. Cultivate New Partnerships Every Month – If you’ve been in business for some time, there’s a chance you have already built strong partnerships that consistently keep you busy. While nurturing those relationships you have worked hard to build is important, working to build new partnerships each month can help you to grow your business and help more clients. Make the commitment this year to meet with as many potential business partners as possible and cultivate one new relationship/month to help your business boom in 2018.
  3. Write Down your Goals – Did you know that physically writing out your goals actually increases the odds that you will achieve them? If you’ve got goals and ideas in your head for where you’d like to be this year, write them down! Add deadlines and specific ways you will put your plan in place to achieve your goal. This will give you not only a destination but a road map of how and when you will achieve your greatest goals.

If you’re interested in growing your career this year as a mortgage professional, contact our SVP of Business Development, Chad Gomoll, directly at 262-439-4260, our RVP, Brian Jensen, at 630-927-0380 for opportunities in the Midwest, our RVP, David Williams, at 303-947-1960 for opportunities in Texas & Colorado, or, our Regional Production Manager, Kevin Laffey, at 913-645-4647 for opportunities in the KS, MO, and IA markets.

Here’s Why Your Institution Should Consider TPO in 2018

Blog post was written by Dave Stephan, Inlanta’s TPO Manager. 

If you’ve been reading Rob Chrisman’s blog (and if you haven’t, you should), he’s made mention of many lenders recently that are having layoffs, losing agency approvals and/or searching for a buyer. Competition in the purchase market is fierce and refi’s can’t be counted on for any significant volume in the foreseeable future. Liquidity in the market is continuing to dry up as shrinking margins in the mortgage industry make further investments in growth less and less attractive.

Considering that some companies built for the single purpose of making mortgage loans are struggling, what does this mean for the community bank or credit union as we enter into 2018?

Most community institutions have absorbed the increased costs of Dodd-Frank, but with the MBA reporting that the cost to originate a loan in the first quarter of 2017 hit nearly $9,000, it may be time to take a closer look at the profitability of your mortgage operation.  Assuming everyone is not just paying their Loan Officers more, nearly all the increases can be attributed to increased compliance costs.

While it can be difficult to do a true stand-alone analysis, those metrics are key to understanding how (and if) your department is contributing to the overall profitability of your institution. Pondering that, using the MBA cost figure would generate about $1,000,000 yearly in expenses given a modest production of 10 units per month and the assumption of profitability becomes less apparent.

That same level of production, if run through a Third Party Originations (TPO) channel, would produce nearly zero back office processing and compliance-related costs. Because a TPO provider provides disclosures, processes, underwrites, and draws docs, virtually all of those costs that have contributed to the shrinking bottom line are eliminated.

Add in the fact that TPO allows you to bring in FHA, VA, and USDA RD to your product mix and the decision becomes even more apparent. TPO will quickly and easily decrease costs and increase your production and profitability. Originate more and worry less in 2018 with an Inlanta TPO relationship! Need more information?  Email me at davestephan@inlanta.com or call 262.754.6292 or visit our LinkedIn page.

Happy Holidays from Inlanta’s Business Development Team

We wish you sparkle, we wish you cheer,

for a bright Merry Christmas

and a Happy New Year!

From our family to yours, we wish you a happy holiday season filled with love, laughter, and joy with your loved ones.

Sincerely,

Inlanta Mortgage’s Business Development Team

Chad Gomoll, SVP of Business Development, 262-439-4260

Brian Jensen, RVP of Business Development – Midwest, 630-927-0380

David Williams, RVP of Business Development – West, 303-947-1960

Kevin Laffey, Regional Production Manager, 913-654-4647

 

Happy Holidays from Inlanta’s TPO Team

We wish you sparkle, we wish you cheer,

for a bright Merry Christmas

and a Happy New Year!

From our family to yours, we wish you a happy holiday season filled with love, laughter, and joy with your loved ones.

Sincerely,

Inlanta Mortgage’s TPO Team

Dave Stephan, TPO Manager, 262-754-6494

Aaron Kaczorowski, TPO Acount Executive, 262-754-6406

Akilah Grace, TPO Processor, 262-505-1178

 

It’s Almost 2018 – Time to Have Your Own Year-End Review

As the holiday’s approach and the year of 2017 comes to a close, now is the perfect time for reflection and evaluation of the year that has passed.

How successful was your 2017? Here are some questions to ask yourself to have your very own year-end review.

  1. Did I achieve the goals I set out to make?
  2. If not, what held me back?
  3. What were my biggest accomplishments in 2017?
  4. What did I do to set myself up for success?
  5. How would I describe this past year in 3 words?
  6. How did I grow?
  7. How did I stay the same?
  8. What is the biggest lesson I learned?
  9. Where were my sales/accomplishments at in comparison to 2016?
  10. What did I spend most of my time on?
  11. How did I invest in myself this year?
  12. What practices did I put in place to help grow my business?
  13. Who nurtured/supported my business this past year?
  14. Where was I lacking support?
  15. What would I have changed about this past year?
  16. Do I have any outstanding goals or unfinished business I’m leaving behind in 2017?
  17. What was my worst setback?
  18. Am I happy with where I’m at?
  19. Where do I see myself in 2018?
  20. What will my biggest goal be for 2018 and how will I accomplish that?

Now that you’ve taken the time to evaluate this past year, it’s time to think about the possibilities for 2018. If these questions prompted you to ponder some changes, we’d love to start a conversation with you regarding your goals for 2018.

Please contact our SVP of Business Development, Chad Gomoll, directly at 262-439-4260, our RVP, Brian Jensen, at 630-927-0380 for opportunities in the Midwest, our RVP, David Williams, at 303-947-1960 for opportunities in Texas & Colorado, or, our Regional Production Manager, Kevin Laffey, at 913-645-4647 for opportunities in the KS, MO, and IA markets.