Remember when… 1995 vs. 2005 vs. 2015

Remember when... 1995 vs. 2005 vs. 2015

michael dote NMLS ID#223546My 20th year at Platinum is approaching! As I reflect back to my first year in 1995, it is hard to fathom the technological progress we have made over the years. Here it is 2015, and I remember the days when our offices were crammed with metal file cabinets. We had fax machines with rolls of paper, but the ink smudged easily and could not be restored or reprinted. And of course, there was no voicemail! Hand-written messages, listing callback information of clients you missed, would be stuck to your desk. The fondest memory of those years was the single credit report machine for the entire office–yes, there was only 1! You could imagine the traffic jam that it caused. Most of the time, you would be waiting because the machine took 15 to 30 minutes to process and print the report.

Fast forward 10 years to 2005, it was still much different than it is today. There were many differences than when I first started–specifically due to technology and the ease of getting a mortgage. The soon to be meltdown, a couple of years later, was a scary time for the mortgage business. However, it opened doors for me to seek opportunities speaking to real estate professionals about why the meltdown was happening and what was changing within the industry. At that time, the technology developed was really starting to play a part in our daily tasks.

Now it’s 2015, and I feel as if I could be in 2 places at once! Last month, during the PHMC conference in California, my assistant was able to forward documents to me to sign. I was signing documents on my phone and sending them back to her, like I never even left the office! I created a chart below on the major differences in the mortgage business from when I first started in 1995, to my 10 year anniversary in 2005, to the current year 2015.

Decades of Diferences in Home Loans 1995 vs. 2005 vs. 2015


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