Hired recently at agency lender, is my job in jeopardy?
Hello all,
I was hired recently at a top 10 agency lender. Agency lending had banner years in 2019 and 2020 with record low interest rates, but now interest rates are starting to climb again. I was hired about 4 months ago. Will volume start to drop off as rates rise, thus I may no longer be needed?
Don't worry. High rates or low rates, if the agencies keep taking their sweet time on signing up deals, they will realize come 3Q they might miss their quota and will sign everything up. Happened last year in some regions.
Just keep learning and plugging away.
double post
I'd argue agency lending is one of the most steady jobs in the RE business. Interest rates going up can be a good thing because you have more of a spread to work with. When I was in agency lending, rates were going down and we were making less money on each loan
Magni laboriosam omnis voluptatem et et. Aut ullam magnam odio aut odio eveniet. Eum ea molestias voluptatum beatae. Nemo consequuntur fugit sint ipsum ipsum expedita.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...