May 24, 2013
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Ron Swift, President of MCAP Service Corporation
Ron Swift, President of MCAP Service Corporation, believes that competition will be fierce in the second half of 2010. The combination of factors including the beginning of a market slow down, new rules from insurers, new qualifying rules from the Department of Finance, HST and taxation issues will result in aggressive campaigns from major banks and its sales forces.
In an effort to help brokers stay competitive, Ron also discusses the various tools that MCAP offer independent brokers to help them stay competitive.
His best tip to mortgage brokers? Be knowledgeable about your local marketplace and also the domestic and international financial markets. The ability to interpret this knowledge will help your clients select a product that right for them.
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Yes, they do. I am more in a supportive role in a major coimercmal real estate firm for a team that sells shopping centers. I have been doing this for 12 years now. I do have my real estate license and all of that, but have not moved up to a sales postion because of the time it takes. At our company it is very similar to a law firm. Like in a law firm when you are an associate you are there until 8 every night and on weekends, you practically pee in your trash can, and you live on fruit roll ups the secretaries throw at you. Then once you make partner, you hand down all of the delegatable work to the associates, and you go to Bermuda for 3 weeks.The bottom line is yes, good money. yes, they work a lot. But by the time you are 40 the worst part of it is over and you should be set if you do it right. Bottom line is it is not a get rich quick career.
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