What Real Estate Agents Need To Know About Recent Bank Failures • Learning With A Lender • Joel Schaub

Welcome to the March episode of Learn With A Lender with Joel Schaub of Guaranteed Rate!

In this episode Joel talks about the second largest bank failure in the US, and how this situation puts pressure on the Fed to change the course of rates. Joel explains a strategy on how to use higher rates and educate clients and not to buy just because the rates are low but always ask the question “WHY”. Lastly, Joel emphasized agents should organize events, spend money and engage with mortgage people to broaden their network.

If you’d prefer to watch this interview, click here to view on YouTube!

Joel can be reached at [email protected] and 773.654.2049.

This episode is brought to you by Real Geeks.

Transcript

D.J. Paris 0:00What’s going on with these bank failures? And how is it going to impact your customers abilities to get mortgages? Stay tuned. This episode of Keeping it real is brought to you by real geeks. How many homes are you going to sell this year? Do you have the right tools? Is your website turning soft leads and interested buyers? Are you spending money on leads that aren’t converting? Well real geeks is your solution. Find out why agents across the country choose real geeks as their technology partner. Real geeks was created by an agent for agents. They pride themselves on delivering a sales and marketing solution so that you can easily generate more business. Their agent websites are fast and built for lead conversion with a smooth search experience for your visitors. Real geeks also includes an easy to use agent CRM. So once a lead signs up on your website, you can track their interest and have great follow up conversations. Real geeks is loaded with a ton of marketing tools to nurture your leads and increase brand awareness visit real geeks.com forward slash keeping it real pod and find out why Realtors come to real geeks to generate more business again, visit real geeks.com forward slash keeping it real pod. And now on to our show.

Welcome to another episode of Keeping it real the largest podcast made by real estate agents and for real estate agents. My name is DJ Parris, I’m your guide and host through the show today, once again is our monthly series called Learn with a lender with Joel shop from guaranteed rate. Now, Joel is the vice president of lending at guaranteed rate. And he’s been doing loans at a high level since 2003. Which, by the way, 20 years congratulations. And he’s got to that level because of what he does specifically for agents, which is that he gives back part of his commission to the client to the buyer on every transaction. Now last year alone, Joel gave back over $300,000 in closing costs to buyers who worked with them. And that put Joe’s volume in the top 1/10 of 1% of all loan officers nationwide. In fact, out of 400,000 loan officers Joel is currently ranked number 137. Last year he closed 319 transactions, his highest amount ever, for 126 million this year. To date, he has closed 43 purchase transactions for just shy of 18 million. So if you are looking for a loan officer or a loan officer to partner with or for your customers,