Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Mortgage

2018 Rising Stars: Mike Mirshahzadeh

CRO at The Money Source

broch

Mike Mirshahzadeh, chief revenue officer at The Money Source, began his career in the mortgage industry when he was 16 years old. Mirshahzadeh’s  first job in high school was as a telemarketer at a mortgage company.

After about 10 years of experience in the space, Mirshahzadeh cofounded Twin Capital Mortgage in 2003, ranked the third-fastest-growing financial services company in the United States in 2006.

Mirshahzadeh took the skills he learned in running a mortgage company and became senior vice president of wholesale lending at Pacific Union Financial. By 2013, Mirshahzadeh cofounded wholesale company Endeavor America Loan Services with his twin brother. Mirshahzadeh and his brother rebranded the company to The Money Source (TMS), its parent company, in 2018. As chief revenue officer, Mirshahzadeh oversees recruitment, development and acquisitions throughout the country.

brochWHAT IS ONE THING YOU HAD TO OVERCOME TO SUCCEED IN THIS INDUSTRY?

In the years following the market crash in 2007, I learned you have to wake up every morning and tell yourself that you’re going to get back on top. You have to not only be willing to sacrifice your comfort and hold yourself accountable every day, but also be willing to learn from those more successful than you. Most importantly, you can’t be afraid of rejection.

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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