Misconceptions against ex "mtg people"

I am finding it time and time again of the misconceptions against exmtg profls. I recently attended a job fair where several recruiters there said b/c of the income issue they won't be able to find me anything, mind you I never brought up money. I like many want to go to work and make an honest living and pay my bills. Why is it that people(hr, recruiters etc) automatically jump to conclusions and sign your "career death warrant"?

So listen corporate america
1) Many exmtg profls did honest work and are not crooks, many had nothing to do with the fraud going on and the fall of many companies.

2) Why is it a crime for people to make a good living at a job where the industry is/was boooming? I mean all the former geeks now tech gurus were making a bundle years ago, why didnt you shut the door on them after the tech bubble burst. (Iknow I know there was a lot of unemployment but tech is here and those people were still able to get jobs)

3) Ex mtg profls are not going to drop the job they are trying to get with your company the moment the mtg business turns around! Many got burned and many got humbled plus let me let you in on a secret what happened will never happen again so another mortgage boom is as likely as Osama Bin Laden throwing his arms in the air and surrendering. Do you honestly think the investors who got burned on all those mortgage backed instruments will ever come to the table again and say yea go ahead off 100% financing for someone with no income and no assets (NINA). Eh Eh not gonna happen and we arent going to job hop on you so let it go already.

4) Yes we job hopped and it was done for many reasons from horrible work conditions, lack of product, restrictions of who you can or can't do business with to finding out that you were working for "slave wages" where someone doing identical work as you was making A LOT more. No different than a pharma rep leaving company A to go to B b/c of better perks or company B rolling out a new drug that will shut out A's business. THE SAME DIFFERENCE FOLKS!!

5) Many exmtg profls who were in sales were not order takers it may appear that way especially since at one point it was very easy to sell loans with rates at record lows whether you were wholesale or retail. But let me assure you many had to work their tail off to get the sale because of the fierce competition. You know the same competition advertising, telecom, medical device etc etc reps deal with on a day to day basis. Again its the SAME DIFFERENCE!!!

6) Lets get something straight no matter what industry your in there are crooks, right now mortgage sticks out like a thumb but that doesnt mean the person your interviewing was one of them. Where do you come off judging mself or many of my colleagues and stereotype us. Don't lump us all together, first off find out what they did b/c there are differences with job titles in this business JUST LIKE YOURS. An underwriter in mortgage is no different than an underwriter in insurance same goes for wholesale reps in mortgage they are no different than reps in again advertising, telecom, medical device reps.. outside sales is outside sales the job descriptions are practically identical only difference is product. So dont assume an account executive in wholesale is the same as a loan officer there is a big difference, the rep 9 times out of 10 had no idea what the loan officer or broker was telling the borrower. The same with underwriters they were working with what was submitted to them by processors who in turn received paperwork from the loan officers/brokers. I guess I'm trying to stik up alot for those on the back end who had no borrower contact. But not all loan officers/broker were bad. Its a shame the bad apples ruined for all.

That said think to yourself how can you judge someone when you don't know what it is they did. Talk to them and ask them what business they did. Don't toss a resume or have an undocumented directive to flat out not hire anyone with mortgage experience. Think if it was someone in your family wouldn't you want them to get a fair shake at an opportunity.

Give us a chance, many are on the verge of bankruptcy and foreclosure not because of a bad loan but b/c no one will hire them!

Just think if it was you........

one last thing this was a post I did after speaking with a recruiter cpl days ago and am beginning to nail down the problems ex mtg profl's are encountering, im posting it b/c days apart I was hearing the same thing!

Oct 10, 2007 4:20 am

i just got off the phone with a recruiter who said one of the biggest hangups with employers he deals with is over pay when it comes to finding a new home for ex mtg profl's! the concern ends up being directed as to when the mortgage business comes back the people they hire will leave and go back to it which i believe many on here will not do.. (plus imo the bus as we know it is dead and never will be the same even if there is ever a comeback)

so how can you convey to corp america to take a shot with people that they are done with the business and wont go back?

what can be done to get companies to look past this, this alone is probably one of the major factors why so many of us can't get a job! personally when im asked on type of pay im seeking ill discuss what was posted on the job or do some poking around and bring up what is accepted... i advise many to do this you need to forget mtg pay and go with reality!

at least getting closer to the actual issues, now if there is a way we(the unemployed) could get a voice out there and say hey what your thinking is wrong maybe we can start to find work

these are the hangups we need to find a way around, solution actually, to convince potential hiring mangers to look beyond
1) pay
2) job hopping
3) bunch of order takers that cant really sell
4) 0 ethics(greed which brought on the fraud)