As a mainstream mortgage broker, I don't see much of this type of thing. Why should I be interested in private money?

Some believe that mainstream mortgage brokers are being squeezed out of the industry. Lenders are ramping up their operations to better provide online loan sourcing directly to borrowers. Many saw a similar thing in the travel industry over the past years. The travel agents that have survived and even thrived, are the ones who effectively established niches within the industry. Some believe that the same will be true for mortgage brokers. Plain vanilla loans can be easily processed in an assembly line fashion which easily translates to the world of the novice and a web browser. Niche lending, on the other hand, tends to be a hand-crafting of sorts and cannot be easily automated. Look at private money to help build your niche. There are no absolute rules. Many factors must be considered in making a decision and frequently those factors are intangible. Ultimately a high degree of thought, work, and commonsense is involved. Private money will always be a people process. So if you say, "I am not interested in private money because I don't do unusual loans," some will tell you, "You might want to reconsider." When you reconsider find out ahead of time if they are a NextGEN Lender. When people matter, NextGEN is a must.