Have you considered taking action with one of the hottest growing trends in the mortgage industry? It’s certainly something that nearly all mortgage professionals are talking about!
In today’s Hot Topic segment we’ve got Vince Parlove, Director of Wholesale Development at United Wholesale Mortgage, as our guest to talk about this growing channel in the mortgage industry!
Want to know more about Vince?
Vince Parlove started his career right out of college with The Associates Financial Services as an Account Representative.
His role was fairly broad at the Associates from writing small personal loans thru Auto loans and Residential Mortgages. Great training ground!
After the Associates he owned a Wholesale company called Franklin Mortgage Funding/FMF Capital and started his career in the Broker/Wholesale world.
That company was a startup and he took that organization to 600 employees and a high water mark of over 5bb in volume.
After the run at FMF Capital, Vince joined an organization called Michigan Mutual. He brought over a Retail/Consumer Direct piece to them. As that piece grew he was asked to become the President of the organization and oversee both the wholesale and retail channel. He grew that organization to approximately 500 employees and 2bb dollars in annual volume at its height.
Today Vince is the Director of Wholesale Development at UWM. He has a team that helps folks set up their entity, get their Independent Mortgage Broker license, get approved with respective Wholesale lenders and finally build their business. He views his team as a consulting firm under the UWM umbrella and helps with all aspects of starting you to become (and grow!) your Independent Mortgage Broker empire.
As usual, the first half of the program will feature Joe Farr providing you a rate & market update, followed by Les Parker’s Market-Logics Live, a macroeconomic perspective on the economy with a music parody. Next is Alice Alvey of Union Home providing a regulatory & legislative update followed by Allen Pollack giving us a Tech Report of the latest technology impacting our industry. Then we wrap up the first half the program with Andy Schell, a/k/a “Profit Doctor” sharing ideas on how to improve your bottom line.
Excerpts from this Interview:
Listen: We helped nearly 300 people last year open their own company and become IMBs..
Listen: There’s some momentum, we’re up past 20% on the wholesale side… and brokers were typically close to 50% in the past…
Listen: People are seeing more of a refi market and taking advantage of the current rate market…
Listen: We’ve got to win the loan every time to be competitive…
Listen: People were worried about compliance but we help you with that…
Listen: We have broker opportunities that can provide broker experience so we can help you with the transition…
Listen: We’re seeing the rise of the ARIVE system… their mission is to not have people have to go out of that system…
Listen: This is a relationship business… and we’ve got more than 4000 of us now…
Listen: There is no better place to get a loan than with an independent mortgage broker…
Resources Mentioned in this Episode:
