Why did you choose to be a loan originator? Was it to see the smiling face of a client approved for a new home loan? To have unlimited income potential? Or was it to have the freedom to be your own boss and achieve the desirable work-life balance that so few enjoy?
While all are valid reasons to get into the rapidly growing field of mortgage loan origination, the latter is the one many originators relate with the most. And why not? Pursuing the freedom to work whenever you want, wherever you want is one of the best reasons to be a loan originator today.
With so many MLOs joining the field for this reason, we think it’s important to ask: is work-life balance important?
Chasing the dream
Hard work is the key factor in achieving success and we hear this placed in quotes all the time:
A dream doesn’t become reality through magic; it takes sweat, determination, and hard work. (Colin Powell)
Wake up early every day so that while others are still dreaming, you can make your dreams come true. (Hal Elrod)
Quotes like these harp on the necessity to keep moving, grind it out, and work tirelessly. But where does the work-life balance come in? And should it be something we focus on as MLOs?
Is work-life balance important?
The freedom to be your own boss and work when you want is enticing. But what many don’t realize as they join our field is that these freedoms can slowly begin to add hours to your workday.
When you work for yourself, you’re always working. If a call comes in at 8 PM, you answer it. If an email comes in at 5 AM, you answer it. As an operator who wants to provide a good service so that you can gain future referrals, it is important to provide an exceptional experience.
With that comes increased workloads. This is especially true for those who work remotely and their phone and email are in front of them at all times.
Is work-life balance important? Of course it is. But it’s also difficult to separate the two as an MLO. If you want to make lasting impressions on clients and gain referrals in the process, you can’t simply cut off your workday at a certain time. On the other hand, it’s physically impossible to work non-stop.
Automation is the key to success
As an MLO, there are so many back-end processes that block you from getting things done. They block you from meeting new prospects, answering questions from current clients, and getting things done as a whole.
With a tool like Wemlo, all of those back-end processes become automated.
As MLOs ourselves, we have created this unique platform based on the holes that we saw in the system. We saw our fellow loan originators struggling to find an answer so we designed one.
Is work-life balance important? We absolutely think so. Not only is it important, but it’s crucial.
Want to find out how automation can help free up some time in your day? Schedule a free demo to see how it works.
Best part? There’s no subscription, sign-up, or any other fees. You’ll never pay a dime to use this software yet it will generate more income for you and your business.