We are on a quest to transform the mortgage industry.
We believe there needs to be more transparency which is one of the reasons why we decided to share a monthly report on what we have learned, what worked and what didn’t, and what’s next in our plans to grow a Billion Dollar Brokerage.
We hope you find a few useful ideas and tidbits to help you in growing your mortgage business.
We launched our brokerage on August 1, 2021. The initial goal was to create a temporary brokerage to train rookie mortgage agents.
The idea was to have a new agent join us, we would help them find and fund their first 10 files, and they would then go back to their original brokerage or join a brokerage that we had vetted.
There were two problems with that idea.
First, the new agents didn’t want to leave; and second, some of my mortgage broker friends who do a large volume asked to join our brokerage.
I knew my broker friend would not want to join a training brokerage so I had to think about what sort of brokerage I would want to join if I were in their shoes. We ended up creating a brokerage that modeled itself after eXp Realty (more on this in a future post).
During our first twelve months, we focused on getting the Rookie-to-Rockstar program working. We tried several different experiments. (Which I will share more on in this blog post.)
Below is our first blog post, with some of the highlights of the first 12 months.
We will be publishing a shorter blog post every month to share what we are learning, what is working, and what is not working.
In the first 12 months of BRX Mortgage Inc. …
Volume funded by rookies – $146,873,530
Volume funded by rookies after graduating – $31,490,800
Total volume funded by rookies – $178,364,330
Volume funded by pros – $29,997,898
Total funded volume – $208,362,228