September 5th, 2012 10:22 PM by Eric Fang
Just got an email from my mentor today saying thathe just finished his 5k race over the weekend for only 18:14:89. The pace is less than 6(I am 8 now).I do learn a lot from him about the encouragement,the running, diet, losing weight, etc, though heis 11 years younger.
When I worked in Kana, I had a very good manager,we worked as team, I did the database tuning, and he focused on Java Code tuning. What I learned from himis not timing the market, disciplinely doing everything.While lots of other earlier emploees did not sell thestocks when it was high, he did it every month. And he joined Google in 2001, and he also sold the stocks every month when he was able to do so. I used the same principlein the mortgage rate locking. I locked the ratesall the time, as long as the client agreed. Though I triedto wait for better rates, to your surprise, they might go to other brokers, since they don't have the guts waiting, and they don't feel comfortable of waiting.
A few years ago, I used two mortgage coaches. Not many loan agents used those service, and some other agents askedme not using it. My logic was, Michael Jordan is one of thegreatest basketball players, he still used coaches, and PhilJackson helped him with 6 champions, while Doug Collins didnot help him with any though he was pretty good. Both of the coaches told me about the website, newsletters, etc.But they did mention the niche market. I did not take theadvice as to go to special market, like reverse mortgage etc,but I did special in certain programs which avoid the turn overs.For the last 3 years, I did focus a lot of the ARM rates, and the reason was that it was kid of easy predict the trendand also the borrowers needed to refinance at least every a fewyears.
In every area, it's hard to get mentors willing to help you.You would be lucky if you indeed have one.