Rising Interest Rates: Reason to Expand or Contract?

Over the past five years, there have been many changes to the mortgage industry. An increase in regulations in 2008 led to changes in compensation, licensing, and a multitude of other challenges. This disruption in the market created a sense of uncertainty for lenders, originators, and the industry as a whole. With additional alterations to regulations in 2010 reinforcing the state of unpredictability in the market, Absolute Mortgage Banking (and every other mortgage provider) had a choice: expand or contract. Knowing that we had built a strong foundation in our support-driven business model, we decided the former and sought to expand our Palo Alto office and open a branch in Los Gatos. In such an unpredictable market, many other institutions sought contraction, so it worked out very well for us on the recruiting front.  With the addition of partner, Scott Chase, and branch manager, Teri Saldivar, we grew from 12 employees to now 40.

And here we are again today, faced with a shift in the market resulting in rising interest rates and adding to uncertainty – so what should we do? With a proven track record and our focus on supporting our Mortgage Advisors through dialed operational processes, an expansive product suite, and a dedicated marketing team, the only acceptable answer is to Expand! So, San Ramon, here we come! 

San Ramon

After establishing a foothold with our newest branch manager and seasoned mortgage veteran, Jason Kenney, Absolute Mortgage Banking is officially expanding to San Ramon this week.  Our branch address is 2400 Camino Ramon, Building K, Suite 265, San Ramon.   Please come visit us any time!

We have a very aggressive marketing campaign built around this branch expansion, and we are making great progress on the recruiting front.  If you know of anyone who may be interested in working with a dynamic, support-oriented mortgage bank with the following characteristics, please send her/him our way:

  • ›  Exceptional Support System
  • ›  Expansive Product Suite
  • ›  Aggressive Marketing Effort Backed by Dedicated Individuals
  • ›  Comprehensive Benefits Package, including matching 401k
  • ›  A Company that has Delivered at the Highest level for over 20 years – Built by Originators
  • ›  Resourceful Website Offering Loan Applications, Calculators and Secure Document Uploading
  • Dedicated individuals focused on key areas like programs, pricing, guidelines, marketing, customer service, customer retention, etc.