For this week’s episode of Lending Leaders, Jim chats with Allen Pollack, a product innovator, board advisor, and strategist, about the mortgage industry, tech, and how to build bridges and relationships in lending.
The LodeStar Kelsey joined was three people, including her. Now, LodeStar, though still a small business, has nearly twenty employees spread across several departments. And with that growth in personnel has come a growth in the amount of knowledge LodeStar possesses.
Known as “The Silver State” and home to one of the nation’s largest tourist destinations, Las Vegas, Nevada, like many Western states, takes a fairly straight forward approach when it comes to potential LE challenges.
we still see way too much of the strategy that demands mass hiring in robust markets, then mass layoffs when those market cycles change.
LodeStar is among the 5000 fastest growing private companies of 2022. Not just in the mortgage and real estate industry, but in the entire national economy. We’ve just been named to the Inc. 5000!
It’s rare that we see any type of progress—of any kind—happen in a consistent, linear fashion. That’s certainly the case with DEI efforts in our space. They’re happening. Progress is taking place.
It’s a poorly-kept secret that more than a few LOs still believe that it’s all about the rate, the rate and the rate—nothing more. And yet, somehow, the best LOs manage to produce in any market.
There are two factors that “traditionalist” employers in any industry—but especially a highly-traditional industry like ours—had better absorb quickly. First, almost half of the global workforce is thinking about quitting. Second, there’s no safety in homogeneity
The digitization of the mortgage loan process, although at times painfully slow, has come a long way. Especially in the past 10 years. And as that digital revolution has unfolded, we’ve seen a few distinctive phases.
Many of us remember the days of percentage rates in the teens. The best prepared businesses still made money. Home values weren’t even at record highs! And the sky did not fall after all.
My generation, by and large, doesn’t necessarily need to have a mortgage process we can take from start to finish on an iPhone, although we’re also not enamored with reams of paper and prolonged, data-exchanging phone calls, either.
Read our CEO Jim Paolino’s Deeper Thoughts and get the latest mortgage industry news.