Comments on: To the Students from the 20 Hr Prelicensing Class at Firstam Yakima March 2010 http://mortgagefiduciaries.com/2010/03/to-the-students-from-the-20-hr-prelicensing-class-at-firstam-yakima-march-2010/ Education and Professional Ethics for the Mortgage Lending Industry Mon, 30 Apr 2012 01:41:10 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Craig Ronning http://mortgagefiduciaries.com/2010/03/to-the-students-from-the-20-hr-prelicensing-class-at-firstam-yakima-march-2010/comment-page-1/#comment-2125 Craig Ronning Thu, 04 Mar 2010 14:18:28 +0000 http://mortgagefiduciaries.com/?p=129#comment-2125 I agree with you about moving towards a more professional acceptance of the fiduciary responsibility - it will make more $ and bring more prudence to the market. It is difficult to teach the sales staff to accept it and, frankly, few will probably 'get it'. But it is true, none the less. Warehouse lenders are taking less fiduciary risk and more fiduciary responsibility...to make more $ and lose less! Owners of Cornerstone/Guild are then doing the same thing, then on into the branches...the sales guy is last guy in the trickle-down process before we transition to the consumer. Seems that we're onto the correct path of training the correct guys/gals. The sales guys get it and we'll have success. *Realistically I don't think it will happen very well though. You put $ on the line and you will see mankind's inherent propensities every single time. But, we have to try, eh? Thanks Jillayne! I agree with you about moving towards a more professional acceptance of the fiduciary responsibility – it will make more $ and bring more prudence to the market. It is difficult to teach the sales staff to accept it and, frankly, few will probably ‘get it’. But it is true, none the less. Warehouse lenders are taking less fiduciary risk and more fiduciary responsibility…to make more $ and lose less! Owners of Cornerstone/Guild are then doing the same thing, then on into the branches…the sales guy is last guy in the trickle-down process before we transition to the consumer. Seems that we’re onto the correct path of training the correct guys/gals. The sales guys get it and we’ll have success.
*Realistically I don’t think it will happen very well though. You put $ on the line and you will see mankind’s inherent propensities every single time. But, we have to try, eh?
Thanks Jillayne!

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