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Mortgage Lending Mastery

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Nov 17, 2016

In this episode, we welcome Sam Parker, CEO and founder of My Credit Guy, so we can dispel a few myths vehiculated in the mortgage industry.

 

Key Takeaways:

[1:05] Sam is introduced as well as his philosophy and his business formula.

[2:50] The bad reputation credit repair has is unfortunately well earned. Sam explains why and how his company does things differently.

[6:40] My Credit Guy will establish current client needs but will also work on the long term with credit education and budgeting.

[10:05] Proactive communication is key, working with loan officers will require touching base every time a milestone is hit with a client.

[14:02] Some credit restoration specific myths are debunked, starting with Jen’s two pet peeves: high limit ratios and specifics about paying off collections.

[25:09] Profit and loss or charge offs are fancy ways to say the collection still belongs to the original creditor and has not been sold to a third party.

[27:10] Some credit related myths that loan officers tend perpetuate are covered, from closing credit card accounts to today’s credit “bad guys”.

[35:55] More myths are struck out: from goodwill deletions to short sales and touching on loan officers claiming to be performing credit repair.

[43:20] Sam talks about a few credit monitoring programs and recommends IdentityIQ.

[45:39] Contacting Sam via email is the quickest way to get in touch with him.

[48:37] Sam is currently reading Gary Vaynerchuk, and has enjoyed revisiting Napoleon Hill.

 

Mentioned in This Episode:

Napoleon Hill

Gary Vaynerchuk

Identity Guard

IdentityIQ

MOP Ratings

My Credit Guy

Kinetic Spark Consulting

Mortgage Lending Mastery on iTunes

Jennifer Du Plessis on YouTube

Kirney Lending Team on Zillow

 

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