Job Title: home mortgage consultant
Location: Stockton, CA
Submitted on: 14-Oct-03
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Job Title |
Business Outlook
Survey |
| home mortgage consultant |
As an industry, the outlook is not great. There is almost a 50%
decline in mortgages projected for next year. That does however
provide a window of opportunity for people in this industry. The
decline in business will force a large number of people in my position
out of the industry, especially people at companies that don't have the
resources of a Wells Fargo that may be necessary to generate business.
This provides people who are motivated and committed to the industry a
chance to grab a larger share of the local real estate market, even
though they may earn less during that time. While earning the business
of realtors and builders, one could position themselves for huge
earning potential when the industry rebounds. That being said, there
are still some very positive things about the area where I am located.
Despite the nation wide drop in business, our area has a very strong
new home market that should not see much decline in the next couple of
years. Our resale market is also stronger than most of the rest of the
country and state. I am optimistic about my earning potential the next
couple of years and much of that is due to the tools Wells Fargo has
given me to capture more business.
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Wells Fargo & Company Interview Surveys
