Economic Downturn: Safe Path for Client’s and Companies

As everyone is starting to realize, the economy is slowing due to the Federal Reserve tightening (raising rates), Tariff battles, and inflation creeping into our daily lives.  What should not be a surprise is we are 10+ years past the last recession.  The historical average recovery period is 7 years. In the mortgage industry we all basically get money from the same place to lend to clients.  The competence and service we provide is the differentiator for clients.  Unlicensed Bank Originators and Licensed Non-Bank Originators, spend 6-8 hours working with a client.  The client spends 15 – 30 years with their…