Rebuilding our Industry - Part 3

As we look forward to an uncertain new year, let me paraphrase the following from a news piece I saw this morning " ... in 1997 there was no Google. In 2002 there was no Facebook. There was no Twitter in 2004, and the iPad only made its debut in 2009. There is no indication that the pace of innovation will slow, so how can you plan for the future when the target is moving, and moving quickly?"You must get your head outta a sales/production mindset.

I think the word/concept for the year will be COMPLIANCE.

As a small/medium owner/operator of a mortgage brokerage or mortgage bank - few operators paid a whole lot of attention to this area, yet today there's 2+ dozen news laws and regulations that have been heaped on you just since this mess started a couple of years ago. Many of them still not fully written or even implemented yet ... and more to come!

Start paying close attention to industry news publications, read several of them on a regular basis so you can keep up with what's happening (among others - I have read the National Mortgage News - the dead-tree paper edition arrives at my home on Monday - weekly since 1982). 2012 and beyond to be owned by those that are picky on Compliance issues.