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For most Mortgage Professionals operating in today's
challenging economy, times are decidedly difficult. Capital
impaired banks, stringent lending requirements, and buyers with less
than perfect credit all add up to fewer loans being closed and less
fee revenue being earned at the end of the year. And the truth
is, it probably isn't going to get better soon!
But there is good news at least in one area for some "savvy" industry
mortgage
professionals that are seeking supplemental sources of income and
additional fee revenue streams in these tough times.
Career Mortgage Brokers tend to be a highly skilled and well
trained group of financial professionals. Some, however, have
additional skills that make them exceptionally valuable to other
industries. These are their "sales skills" and with sales
ability, they may have exactly the right qualifications for our
industry, the unique industry of alternative commercial finance.
Among others, the alternative commercial finance
industry is comprised of...
•
Commercial accounts receivable factors
• Asset-Based lenders
• Purchase order finance specialists
• Equipment leasing companies
• Merchant cash advance providers
With bank lending impaired in all sectors, more and more small and
mid-size business entrepreneurs are turning to alternative
commercial finance solutions to grow their business and to
meet their daily working capital requirements. Still, the vast
majority of  entrepreneurs
know little of ACFs existence and its power to provide financial
solutions. And, When Banks Say NO!, they are completely
unaware of their alternatives. That is, unless they have been
fortunate to be introduced to an alternative commercial finance
industry broker or as they are better known, Commercial Finance
Consultant (CFC).
Commercial Finance Consultants are the independent "loan
officers" of the factoring and asset-based lending
industry. As such, they are charged with providing expert
financial advice to cash-strapped small business entrepreneurs.
Unlike a traditional loan officer at a commercial bank,
Commercial Finance Consultants are compensated by the lender
with fees or commissions. In factoring for example, the
referring broker earns up to 15% of the fees earned by the factor.
Additionally, these commissions are residual in nature, being paid
each and every month the client is on the books. In some cases,
this can be many years.
Interested in finding out more? Start earning lucrative residual
commissions like thousands of others. Visit DMS Commercial
Finance at
www.dmscommercialfinance.com, request our complimentary
Career Guide and sign up for one of our FREE informational
tele-conferences.
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