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06-05-2013, 05:01 PM #1
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Yes there are many new players in the industry and it's made it harder to close deals. I've seen new players offering competitive rates on the types of deals that most established lenders wouldn't touch with a stick. The lure of easy money is getting in the way of common sense and many of the new players will be out of business in a year or two. Unfortunately, it's making me lose some deals in the meantime. You really need to have sharp selling skills to succeed in this market.