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I have an interview with a mortgage company in Boston for an inside sales position.
They claim to be growing while many of their competitors are not.

I would be selling mortgages–I would have a staff of underwriters and loan officers. My job would be only to sell.
In addition, the leads are generated from websites and inquiries sent directly by the customer.

My family is relocating within the next month or so, and I am looking at switching jobs. Would this be a good time to get into this industry, or a bad time, with the economy and interest rates the way they are right now?

2 Thoughts on Inside Sales Representative for Expanding Mortgage Company in Boston–Good Idea Right Now?
  1. Reply
    February 16, 2014 at 12:19 pm

    Umm, have you been reading the New York Times lately???
    Do these phrases sound familiar: “subprime mortgage meltdown”, “housing lender crisis”, “mortgage crisis and the effect on the economy”?
    The lending market is going to either police itself or find itself facing mandatory regulations because of predatory lending practices to poor credit risks, which has been going on for at least the past seven years now. Countrywide, Citibank and others are facing inquiries about their lending practices.
    So, whatta ya think now?

  2. Reply
    Mortgage Expert
    February 16, 2014 at 12:48 pm

    I’ve been keeping up on the market quite a bit. If it is a conforming lender (prime) then I would say it’s a good idea. If they are hiring sales reps, then that’s a good sign since others that are not doing well are laying off their sales staff. This is a time where new lenders can rise up while others fall. It is a great time for the some mortgage lenders to take on more of the market share. It just comes down to the strength and goals of this mortgage company that you are considering.

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