What Drives Me as a Loan Officer in a Changing World

The Shift in Loan Officer Numbers

In 2021 there were over 185,000 loan officers licensed to serve clients across the country. Fast forward to today and that number is down to around 70,000. Many have left the industry whether due to market changes, rising rates or the uncertainty of the housing market.


The Challenge and Reward of Being One of the Few

I love the challenges that come with being one of the few. With fewer loan officers the journey is more rewarding than ever. Every success is amplified because it’s harder now than it was a few years ago. It pushes me to be better – to serve my clients with more personalized service in a competitive world.


Satisfaction in Overcoming Obstacles

There’s a sense of satisfaction in knowing you’ve made it where others haven’t. The industry now requires more than just knowledge; it demands resilience, innovation and a commitment to your clients. The fact that there are fewer of us only makes success more meaningful. It’s no longer just about closing a loan; it’s about proving to myself and the people I serve that I’m in this for the long haul.


The Fulfillment of Helping Clients in a Changing Industry

At the end of the day, it’s helping someone achieve their dream home in an industry that’s been through so much change that adds to the fulfillment of my job. That’s what drives me every day – to be successful in a harder, more rewarding industry than ever.

josh jampedro is smiling in front of a sign that says down payment assistance

Down Payment Assistance for First-Time Homebuyers in Florida: Solutions for Closing Cost Challenges

By Josh Jampedro • 15 Oct, 2024
Buying a home is a big goal for first time buyers but saving for a down payment and closing costs can feel out of reach. While programs like USDA and VA loans offer no down payment options, many buyers still struggle with closing costs which can be 2-5% of the loan amount.
A person is signing a document next to a calculator and a cup of coffee.

What Drives Me as a Loan Officer in a Changing World

By Josh Jampedro • 19 Sep, 2024
In 2021 there were over 185,000 loan officers licensed to serve clients across the country. Fast forward to today and that number is down to around 70,000. Many have left the industry whether due to market changes, rising rates or the uncertainty of the housing market.
A group of people are sitting at a table looking at charts and graphs.

Here's why loan officer's need to streamline like an assembly line!

By Josh Jampedro • 12 Sep, 2024
As mortgage loan officers we know efficiency and accuracy are key in a competitive and fast paced industry. One of the best ways to achieve both is to streamline your process & think like an assembly line. Handling mortgage apps like an assembly line may seem impersonal but in reality, it means higher client satisfaction, more productivity and less errors. Here’s why you should think like this.
josh jam in a plaid shirt is smiling in front of a blue background that says amazing client success.

Amazing client success story from Josh Jampedro!

By Josh Jampedro • 05 Sep, 2024
This story remains one of the most memorable examples I've encountered in my career. But probably one of the biggest examples that I think I've ever had, and I sort of think about it all the time, still, was this lady who came in. She lived in the house that her dad had owned. They were going to foreclose on the house. The parents had gotten divorced, so they were paying the dad. The dad was supposed to be paying the mortgage payment. He lived somewhere else. He wasn't. He was just taking the money. So, they were going to foreclose on the house and take it from her. It's a situation I’ll never forget.
josh ja in a plaid shirt is standing in front of a sign that says stop doing this when buying a home

Biggest mistakes first time home buyer's make!

By Josh Jampedro • 29 Aug, 2024
People wait too long to start the home buying process. So, I wish there was a different word for application because it implies if you apply you have to go with this or it’s going to expire soon. So, people wait to apply until they’re buying a house the next day. So, then they don’t have time. These delays can cause missed opportunities and stress.
josh jampedro in a plaid shirt is smiling in front of a blue background with the home loan advisors

The 20% Down Payment Misconception: The Biggest Mortgage Myth

By Josh Jampedro • 23 Aug, 2024
There's this idea that you have to put 20% down. I think that's probably the biggest misconception. Or people are afraid of mortgage insurance, but they make terrible decisions because they're afraid of MI. For example, I've seen people take money out of a 401K, paying a 10% penalty just to save $200 a month on their mortgage and $30 a month on MI. The penalty they're paying ends up costing more than the mortgage insurance itself. It's crucial to weigh the long-term impact of such decisions instead of focusing on short-term savings.
Josh Jampedro from Home Loan Advisors is standing in a hallway holding a clipboard.

Appraisal vs. Inspection: Understanding the Key Differences for Home Buyers

By Josh Jampedro • 01 Apr, 2024
Unravel the differences between home appraisals and inspections with our detailed guide. Discover how each is pivotal in your journey towards making a smart home investment.
A man is holding a bunch of money in his hands.

Understanding LTV (Loan to Value) Ratio: A Guide for Home Buyers and Homeowners

By Josh Jampedro • 25 Mar, 2024
Unravel the mysteries of LTV (Loan to Value) Ratio. Learn what it means, why it matters for your mortgage, and how it influences your home buying and financing decisions.
a person is using a calculator on a cell phone . josh jampedro down payment assistance florida

Understanding Down Payments for Your Dream Home: A Comprehensive Guide | Josh Jampedro

By Josh Jampedro • 18 Mar, 2024
Discover how much you need to save for down payments when buying a house. Whether it's 3%, 5%, 10%, or more, get expert insights from Josh Jampedro, your go-to Home Loan Advisor in Florida.
a man and a woman are sitting at a table looking at a pie chart .avoiding-escrow-2024-guide

Can You Avoid Escrow?

By Josh Jampedro • 15 Mar, 2024
Unlock the secrets of avoiding escrow in 2024. Learn when and how you can skip escrow by meeting specific lender requirements, including a 20% down payment, and manage your property taxes and insurance independently.
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