Speedy Gambling

Shopping is something most people love. But often the thrill, excitement, and absorption becomes such that an ordinary hobby or time filler becomes an addiction. A shopping addiction like drugs, alcohol, or gambling is a blinding thirst where the shopper is unable to see essential from non essential and over spend. They shop until they drop and run into debt spending on their credit cards up to and over its limit.

Shopping for many is escapism from the realities of life and its accompanying problems. It is but a temporary reprieve from depression, anxiety, or loneliness. What a shopper never understands is it is a false world which will not grant happiness or love, or self esteem. After the shopping binge the person will experience remorse. The unhappiness will intensify due to unmanageable financial disaster and debt. This will be further compounded by the displeasure earned from family members or financial consultants. Believe me over 80% of the purchases will never be used. An addict may have a hundred pairs of shoes, or bags, or coast, or glasses – the obsession being restricted to one kind of object.

Like alcoholics, compulsive shoppers go on binges when they are upset, lonely, depressed, or feeling out of sorts. Shopping is a “pick me up,” a temporary euphoria that lifts their spirits.

The possible repair of finances and cure of the addiction is possible only if the shopper accepts that an addiction exists. What helps is professional counseling and joining a self-healing group that is dealing with this addiction. A shopping addicts version or equivalent of alcoholics anonymous.

Guidelines:

1. First and foremost set small limits on all credit cards. Freezing the limits will help you limit your spending power.

2. Lock away all credit and debit cards.

3. Budget household and other expenses. Make specific envelopes and mark them clearly for what the money is earmarked for.

4. Sit with a family member or friend and make a list of bare essentials. Go shopping with a controlling companion one who will say “NO” is no uncertain terms.

5. Never visit sales or discount warehouses. Or, watch television shopping channels.

6. Do not subscribe to shopping catalogues.

7. Fill your day choc-a-bloc with activities. If you have no time to ’stand and stare’ you won’t have a moment to think about shopping. Find interesting activities that absorb your interests and time.

8. Go to the mall or shopper’s paradise after they are all safely closed for the day. This way you can look at displays without being tempted to rush in and buy something.

9. If you feel the itch or urge to shop, resist it with all your strength and go out for a walk or to the gym exercise until you are too tired to do anything else.

10. Pay for all purchases by cash or cheque. Use a card only in emergencies.

Compulsive shopping is a serious addiction. It is escapism from realities and unhappiness. As serious as drug addictions and an illness, a compulsive shopper needs treatment that is similar to other addictions. Addictions of any kind need to be snipped at the very root before it reaches a point of no return.

Mortgage Loan Officer Training: 10 Helpful Tips That Can Instantly Boost Your Income By $5,000 Per Month

Well here they are… 10 mortgage loan officer training tips to improve efficiency and increase revenue. These tips have made me hundreds of thousands of dollars over the years and I’m confident they will do the same for you:

Mortgage Loan Officer Training Tip #1: Only use a few lenders Depending on your niche, all you really need is a few good lenders. With a portfolio of about five lenders, you can handle all credit grades and even special programs like stated, no doc and 100% financing.

Mortgage Loan Officer Training Tip #2: Read your lender’s guidelines to build an intimate knowledge of their products and procedures – THIS IS A MUST!!! (And easy to do if you only use a few lenders.) Don’t rely on lender reps to tell you about their guidelines. They are human and can make mistakes just like the rest of us.

Mortgage Loan Officer Training Tip #3: Send gifts to your appraiser, title agents, and underwriters to gain favor. This is a great way to build relationships with the people you rely on to do business. Look for a reason to send these people a thank you card along with a gift. This is another good reason to use only a few good lenders.

Mortgage Loan Officer Training Tip #4: Define your market What loans will you do and what loans will you not touch? You can and will cause yourself undue heartache if you agree to take a loan that is outside of your market. For instance, I refused to even look at a loan unless the borrowers had a credit score of 580 or higher. If an applicant has a credit score less than 580, I referred them to my loan officer partner and split the commissions.

Mortgage Loan Officer Training Tip #5: Specialize Find a niche. Specialists always make more than generalists. Everyone does purchase loans on single family houses. What if you became the expert in your area on financing investment properties, construction loans, or VA loans? With some work and dedication you could become the mortgage lending “guru” for your niche and monopolize your marketplace.

Mortgage Loan Officer Training Tip #6: Location, location, location If you can: Keep a frig in your office, place a copier close to your assistant’s desk, and have your computer printer right next to your desk. This will save loads of time walking around the office. It will also keep your assistants focused. Sometimes it’s hard to walk through an office without falling into several casual conversations that can lower your team’s production.

Mortgage Loan Officer Training Tip #7: Get all documentation up front I believe in getting every piece of documentation I could possibly need right up front. That way if a problem arises you have a greater chance of being able to fix the problem on your own without bothering the borrowers.

Mortgage Loan Officer Training Tip #8: Only the necessities Just because you collect extra documentation, doesn’t mean you have to use it. Don’t submit extra paperwork to your processor or to underwriting. It could open a can of worms you don’t want opened. Only turn in exactly what’s need to fund the loan – nothing more or less.

Mortgage Loan Officer Training Tip #9: Sandwich technique At some point you’ll need to contact a borrower during the loan process and ask for more information. When this situation arises, try using the sandwich technique:

Re-establish rapport Make your request: “Oh by the way I need___. When can you fax it to me?” Continue rapport building dialog. Say goodbye and politely get off the phone

If you have a difficult borrower, this works like a charm to diminish their anxiety level.

Mortgage Loan Officer Training Tip #10: Testimonials Get testimonials from everyone. They are great marketing tools for your business. Use them to target your client’s CPA, HR manager at work, real estate agent and financial planner to establish a referral relationship.

There you have it. Incorporate these ideas into your mortgage business and see how they impact your bottom line.

By the way, if you would like to get another 13 mortgage loan officer training tips that can instantly boost your income by $5,000 per month, visit:

www.Mortgage-Leads-Generator.com/a/13tips.htm

Please feel free to reprint this article as long as the resource box is left intact and all links are hyperlinked.

=====================================================

Hartley Pinn has recently created the “Mortgage Leads Generator” Training Course to teach mortgage loan officers 10 proven strategies for generating more than 71 mortgage leads per day.