How to Hire an Advisor
Nobody knows everything, so, it's ok to ask for help to accomplish specialized tasks.
The key is knowing how to select a qualified advisor. The first premise is that a qualified advisor is likely not a recently unemployed mortgage banker.
National caliber advisors have advanced education (Master's Degree in Business), receive specialized training, and exist in a world where they receive continuous knowledge enhancement and expansive access to industry data.
Make sure your advisor receives continuous training.
The challenge is finding an advisor that has demonstrated the proficiency to provide expert guidance. Just as the bar exam and the CPA exam set minimum standards for specialized knowledge, in the mortgage lending arena, the Certified Mortgage Banker (CMB) designation provides a broad-based representation of expertise in mortgage lending.
Make sure your advisor is a CMB.
The following list identifies the standards that should be used when hiring a mortgage lending advisor. The advisor....
is a Certified Mortgage Banker (CMB)
has created and managed the mortgage task in question (did the job)
has helped others create or expand the function (taught the job)
understands the client's unique circumstance (listen)
can present solutions effectively to the client (communicate)
has the educational foundation to find solutions (Master's degree in business)
The more an advisor knows, the better they can adapt their learning to create a solution to a specific business challenge. Therefore, as identified in the qualifications list, it is important to find an advisor with formal business education (Business Bachelor's degree and MBA, MSITM) and additional professional certifications like CPA, CFA, CFE, and CMB.
Once the right advisor is identified, any consulting engagement must have a clearly defined scope of work to identify what is needed and how the advisor will help. Just as every mortgage lender should have a business plan, every consulting engagement must have a map to the destination.
All of these factors should be identified when hiring an advisor to achieve success.
Dr. Schell and his team at MBS offer services in the following areas:
Growth Strategy – Dr. Schell can help you plan and execute a growth strategy.
Executive coaching - Leadership is a learned skill. Dr. Schell can teach you to be an amazing leader, an effective manager, and an inspiring coach that can foster a vibrant culture.
Accounting & Technology Services – Dr. Andy Schell, CPA, leads the accounting services team to become your outsourced accounting department along with MBS’ CIO, Theresa Marie to support your IT infrastructure needs.
Dr. Andy Schell, DBA (Ph.D.), MSML, MBA, CPA/CFF, CMB
Dr. Schell is CEO, Managing Partner, and Co-Founder of Mortgage Banking Solutions and MBS Financial Services ("MBS"), based in Austin, Texas. Dr. Schell is known for his ability to turn "vision into reality" and "chaos into order" as he finds creative solutions to the challenges his clients face addressing Revenue Stability, Technology Enhancement, Financial Management, and Workflow Efficiency.
He has 4 decades of experience as a strategist directing the activity of both small and large groups of employees including mortgage lending activity at Bank of America. His leadership knowledge extends from his hands-on experience and his doctoral academic pursuits in communication, strategy, and finance.
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