January 18th, 2011 7:49 AM by Eric Fang
Three years ago, on Jan 18, 2008, I decided to quit my job to be a full-time mortgage broker. Before that, I was still one of the top loan originators, I was amazed by myself how I could handle all those loanvolumes and the primary job(I had 5 years experiencebefore that)
Thanks for all the support from my clients, My businessdoubled in 2008; Got another 50% growth rate in 2009(over 2008); and another 1xx% growth in 2010.
Sometimes I was proud of my version(maybe not that difficult for others as well). When I quit the jobin 2008, a lot of people was surprised because at that time, there were so many layoffs on the mainstreet as well as the wall street. And I knew the recession was coming, and Fed should lower the ratewhich would help my business. And I am glad that Iwas right.
And three years later, I know Fed policy will work again. And the lowest interest rate will be behind us. For some loan programs, we can still get the lowest rate with lender's help(they do giveme good rates than the market so we can closemore business together). And this year's business will be shifted to purchase loans.
And I am amazed by my clients' buying power. It kept me busy so far this year as well.