I Love Mortgage Brokering I Love Mortgage Brokering

Today, we're joined by Geo Haddad include 1 to 2 interesting facts about guest
 
In this episode we will cover 
How to use communication to generate referrals; 
The 1:3:5 Planning Method and Geo’s goal to fund 25 files in the next 12 months; and 
How Geo took one challenging file and turned it into 7 more closed loans
 
To connect with Geo you can check out the links below:
Instagram: instagram.com/iamgeohaddad/reels/ 
Facebook: facebook.com/iamgeohaddad/ 
LinkedIn: linkedin.com/in/geohaddad/ 
Website: geohaddad.com
 
Email Scott@ilovemortgagebrokering.com, or 
Hit me up on Instagram (instagram.com/scottpeckford/)
 
I Love Mortgage Brokering is brought to you by Finmo. To learn more, visit: finmo.ca/ilmb
I Love Mortgage Brokering: ilovemortgagebrokering.com 
Find out more about BRX Mortgage: whybrx.com
 
In this episode, we have the incredible Gio Haddad, a man who has seamlessly transitioned from flipping cars to dominating the mortgage industry. Join us as we delve into his journey, exploring how he went from dabbling in automotive deals to orchestrating real estate wins and earning the title of the 'mortgage magician'.
 
In this episode, we will cover: 
Gio’s approach to communication and problem-solving within the mortgage industry.
How communication and relationship-building in real estate can significantly boost referrals and business growth.
The pitfalls of new agents focusing too much on branding elements instead of building strong referral partnerships.
The importance of maintaining communication with clients and referral partners

Why is Costco Successful?
They have built a High Volume, High Value & Low Margin business. Unlike most retailers, they earn 72% of their revenue from membership fees.
Today Scott shares how he has modeled BRX Mortgage after Costco and why he believes it will transform the way the mortgage industry works.
BRX is a High Volume, High Value, & Low Margin Business.
If you want to find out more about BRX check out any of the following:
Pro Webinar – Full Program Breakdown 
How to create Passive Income through BRX Revenue Sharing 
How to earn 100% Commission at BRX? 
BRX Stock Options – Why we believe in shared equity with our agents 
Why does no one talk about Volume Bonus? 
The BRX Un-Contract 
What do I get for $150/Month Membership Fee? 
 
Email Scott@ilovemortgagebrokering.com, or 
Hit me up on Instagram!
I Love Mortgage Brokering is brought to you by Finmo.
 
To learn more, visit: finmo.ca/ilmb
I Love Mortgage Brokering: ilovemortgagebrokering.com 
Find out more about BRX Mortgage: whybrx.com
Today, I'm excited to discuss how we're applying Costco's business model to the mortgage sector. We've seen how Costco's strategy of low margins and high volume, coupled with membership revenue, has led to its remarkable success. At BRX Mortgage, we're mirroring this approach by prioritizing growth, transparency, and delivering exceptional value to our agents.
In this episode, we will cover: 
Comparison of Costco's business model to the mortgage industry
High volume, high value, low margin business model
Passing on savings to customers
BRX Mortgage's rapid growth and radical transparency
Focus on creating a supportive and transparent environment for agents
Vision to take Brix Mortgage public by 2030
Prioritizing the success and satisfaction of agents

Today, I sat down with Leah Zamir, a top 1% loan officer with Guild Mortgage, to explore the nuances of client interactions and the profound impact of understanding a client's "why." 
 
She shared key insights and strategies from our conversation that can revolutionize the way mortgage brokers approach their business.
 
In this episode, we will cover: 
Uncovering the client's why and asking better questions
Identifying ideal clients and tailoring business strategies
Understanding clients' backgrounds and family dynamics
Importance of mindset in the mortgage industry
Addressing clients' fears and uncertainties
 
To connect with Leah Zamir, you can check him out on: Instagram (https://www.instagram.com/shebrew/) 
 
The I Love Mortgage Brokering Network is brought to you by Finmo. To learn more, visit: finmo.ca/ilmb (https://finmo.ca/ilmb)
For more tips and tactics, follow me on Instagram: (@scottpeckford) I Love Mortgage Brokering: (Home | I Love Mortgage Brokering ) 
Find out more about what Scott is doing at BRX Mortgage: (Home | WhyBRX )

Want to sell your mortgage business? Listen to this first.
I was fortunate enough to sell my book of business for 5X more than what I was initially offered, because I avoided a few of the common mistakes brokers make.
Mistake #1 selling your book to a busy broker Mistake #2 taking a check up front Mistake #3 Not getting introduced to ALL referral partners. Mistake #4 Not co-marketing to your database Mistake #5 Not playing the long game
If you want me to talk to me about one of our Rockstar Rookies who could help you sail off into the sunset while collecting commission checks, reach out to me on:
 
Email Scott@ilovemortgagebrokering.com, or 
Hit me up on Instagram (https://www.instagram.com/scottpeckford/)
I Love Mortgage Brokering is brought to you by Finmo.
To learn more, visit: finmo.ca/ilmb
I Love Mortgage Brokering: ilovemortgagebrokering.com Find out more about BRX Mortgage: whybrx.com
 
This week on the podcast, I had insightful chats with two mortgage brokers: a seasoned 24-year veteran looking to sell their book of business, and a newer broker interested in buying one. Interestingly, I gave both the identical advice: putting both parties in a win-win position can increase revenues for all parties. I'll talk about my personal experience, where I played the long game and made five times more money selling a business book a few years ago. Come talk about strategies and mentality to make your book of business selling more valuable.
 
Key talking points from this episode:
Find a partner willing to prioritize your business and maximize its potential.
Introduce your buyer to all your referral partners to ensure a smooth transition. 
Continue marketing to your client database even after selling your book of business.
Framing the transition as a partnership rather than a sale.
Common mistake of segmenting revenue streams between the seller's and buyer's books of business

Imagine going through a divorce, a partnership failure and a sick family member all while navigating a challenging market.
That is exactly what Krystal Stearns has faced over the past 2 years. Even through all the highs and lows, she stayed true to herself and didn’t let any of it change her.
She shares 3 things she did to maintain her mindset during some of the darkest times of her life.
Krystal is a producing branch manager based out of Colorado Springs.
In this episode we will cover:
3 steps to build/ rebuild your confidence;
Her daily action plan on how she was able to rebuild her business;
How she uses her business to support charities that matter to her
To connect with Krystal, you can check out the links below:
[TO FOLLOW] Krystal’s Instagram, Facebook & Tiktok
Her charity organization Together At Square One
The I Love Mortgage Brokering Network is brought to you by Finmo. To learn more, visit: finmo.ca/ilmb
For more tips and tactics, follow me on Instagram: (@scottpeckford) I Love Mortgage Brokering: (ilovemortgagebrokering.com) Find out more about what Scott is doing at BRX Mortgage: (whybrx.com)
In this episode, we have Krystal Stearns who shares her journey of resilience amidst personal and professional challenges. From navigating a turbulent market to facing a divorce, partnership failure, and a family member's illness, Krystal remained steadfast in her mindset. Through her story, she offers three key strategies she employed to maintain resilience during life's darkest moments.Key talking points from this episode:
Acknowledging burnout and understanding its root causes.
The joy of connecting with clients, educating others, and nurturing meaningful relationships within the industry.
The resilience and adaptability required to weather life's storms.
The Impact of genuine care and support, both in professional interactions and personal connections.
Commitment to philanthropy by using one's success to make a positive impact in the community.
 

In this short 10 minute podcast series, Scott shares a tactic you can apply to your mortgage business today.
In this episode we will cover:
If they don’t commit, you don’t submit;
Do the lender’s job for them;
Always drive the bus.
Follow me on Instagram (instagram.com/scottpeckford/) or find out more about what we are doing at BRX (whybrx.com).
I Love Mortgage Brokering is brought to you by Finmo. To learn more, visit: finmo.ca/ilmb
In this episode of the 10-Minute Tactical podcast, we will talk about the tactics that industry leaders use to consistently outperform the competition. I will show this mindset shift can revolutionize your funding rate and dissect the reasons why top brokers fund more mortgages than others, and the critical importance of working with fully committed clients. We'll explore how to proactively engage with lenders to make their jobs easier and boost your chances of file approval.
 
Key talking points from this episode:
Prioritize clients who are ready to proceed and willing to undergo a credit check and provide all necessary documents.
Emulate the practice of requiring complete documentation before underwriting
The needs of lenders and be proactive in facilitating their work to increase chances of approval.
Following established processes preserves mortgage approval integrity and success.
Ensuring successful outcomes by sticking to best practices
Sticking to best practices ensures success and builds a strong reputation.