Quote from the Subprime industry
I have a friend who was recently laid off from a local subprime lender, who called me for career advice/job hunting.
I asked him if he would like to stay in sales, or get involved in some sort of financial analysis/investment advising/mutual fund sales.
His comment: "I get really burned out staring at numbers and making calculations, and I just really like to talk to someone on the phone and sell them something."
Those are his exact words...to me, this is an exact snapshot of our mortgage industry. Can't some sort of education/test become mandatory for real estate agents/mortgage brokers/condo marketers? I would prefer some kind of test that involves skill and studying, something similar to the Washington State Bar or CFA...
Any thoughts?
I asked him if he would like to stay in sales, or get involved in some sort of financial analysis/investment advising/mutual fund sales.
His comment: "I get really burned out staring at numbers and making calculations, and I just really like to talk to someone on the phone and sell them something."
Those are his exact words...to me, this is an exact snapshot of our mortgage industry. Can't some sort of education/test become mandatory for real estate agents/mortgage brokers/condo marketers? I would prefer some kind of test that involves skill and studying, something similar to the Washington State Bar or CFA...
Any thoughts?
Comments
I'd rather see a mandatory high school class that would give kids a basic understanding of finance and how to avoid even the most basic of mistakes.
Financial Disasters 101
1. Marriage
2. New Car Purchasing
3. Buying a Home
4. Choosing a Realtor (or be your own agent)
5. Having a Baby
6. Balancing your Checkbook
7. Importance of Reading Contracts
8. Scams
9. Friends don't let Friends become Mortgage Brokers
etc...
Synthetic - you're too funny!