222 - Mentorship and Growth in the Mortgage Sector with Rick Scherer, Mortgage Professional

Mark welcomes back EoS 'Early Adopter' Rick Scherer, a seasoned professional in the mortgage industry. They discuss Rick's journey, the importance of adaptability and mentorship, and the evolving role of technology and AI in the mortgage sector. Rick shares insights on strategic growth, building relationships, and the future of mortgages, emphasizing the need for professionals to embrace change and innovation.

Connect with Rick on LinkedIn and Facebook or email rscherer@newfed.com!

Listen to Rick's first appearance on Elements of Stiles!

Meet Rick at this year's Mastermind Summit in Las Vegas!

Takeaways

• Rick Scherer emphasizes the importance of adaptability in the mortgage industry.
• He believes in leading with positivity and collaboration rather than fear.
• The mortgage landscape is changing, and technology will play a crucial role in its evolution.
• Rick highlights the significance of mentorship in personal and professional growth.
• He advocates for a focus on existing relationships rather than solely seeking new clients.
• The future of mortgages may resemble the simplicity of car loans due to technological advancements.
• Rick stresses the need for loan officers to embrace AI and technology to enhance their services.
• He shares insights on the importance of maintaining a strong company culture during transitions.
• Rick's approach to client communication is centered around adding value and building relationships.
• He believes that the mortgage industry will continue to evolve, requiring professionals to adapt and innovate.

Chapters

• 00:00 Introduction and Background of Rick Scherer
• 09:57 Navigating the Mortgage Industry and Strategic Growth
• 19:55 The Role of Technology and AI in Mortgages
• 30:09 Mentorship and Personal Development
• 39:59 Closing Thoughts and Future Endeavors

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This episode is brought to you in part by SecuriTitle, a fractional paralegal service assisting with all things real estate in Massachusetts and New Hampshire.