resources

Saving Deals With Student Loans – Debt Ceiling Consequences for Borrowers with Student Loans

Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy Thank you to everyone that attended this class live. For those of you that are watching the replay, you're in for a treat! We had a special guest this week, Geneine White, with LoanSense. In less than two months, every American with a Student Loan will have to start making payments again after three years of being forced into administrative forbearance. As quickly as the payments were shut off.....they're being turned back on! This is bad news for anyone with student loan debt. Inflation is already squeezing most families. Credit card interest rates and balances are at historic highs. Delinquencies on mortgage and non-mortgage debt are increasing. This is going to be a burden that many families are not going to be able to absorb. The answer for most homeowners finding themselves in this situation is to use the equity in their home to consolidate all of these expenses into an overall lower monthly payment. But what if the student loan payment that now "popped" up in their DTI pushes their ratios out of range for financing? The simplest answer is to put their student loans into an income-based repayment plan. You can legally and quickly dial in those student loan payments, cutting that expense in half or more in most cases! But BEWARE! Private student loan consolidation companies are going already hitting the airwaves and the internet, tricking consumers into removing their loans from federally protected programs that can help them into a big fat "credit card" payment that will lock them permanently out of the benefits, and forgiveness programs available through Federal Student Loan repayment programs. In this class, we discuss the urgency of being an expert on this topic and how to leverage your LenderLaunchPad platform to educate Consumers and Realtors about what options may be available to them. Watch this incredibly insightful conversation in the Library. Review the slides included in this presentation, and reach out to Genene at LoanSense for more information about how you can arm yourselves with the tools and the education to help the thousands of hurting families in your market. Here is Genene's contact information: lender.myloansense.com genene@myloansense.com 734.361.3520

How to be a HELPER Act Ambassador

Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy Thank you to everyone that attended this class live. For those of you that are watching the replay, you're in for a treat! Sam Royer, the founding father of the HELPER Act, joined us to share how this movement started and how we can get involved as Ambassadors to push this important legislation over the finish line. If you're not familiar with HELPER Act, it is a modification to the FHA mortgage insurance fund to provide First Responders and Teachers the same benefits as Veterans when it comes to homeownership benefits. Benefits Overview - No Down Payment FHA Loan - First Time Homebuyers - Increased UFMIP, No Monthly MIP Who's Eligible? - Police Officers - Firefighters - Paramedics / EMTs - K-12 Teachers We will be rolling out assets and opportunities for you to become an Ambassador for this bill to join the fight to get this bill passed in the House and Senate. The newest bills, H.R.3170 and S.1514, were introduced on May 10th, 2023, and have bipartisan support, but we need more help! House Bill - H.R.3170 - https://www.congress.gov/bill/118th-congress/house-bill/3170/text?s=1&r=5&q=search3170 Senate Bill - S.1514 - https://www.congress.gov/bill/118th-congress/senate-bill/1514?q=search1514&s=1&r=2 Mark Madsen and I are working on a HELPER Act Action Strategy to provide you information, updates and assets to take to your community as an Ambassedor for this Bill. In the meantime, you may contact either of us, or the founding father of the HELPER Act, Samy Royer. Sam Royer sam@salutehomeloans.com 610-703-5626 George McElwee owns the Washington D.C. lobbying firm Commonwealth Strategic Partners and is leading the charge in making connections between us (constituents) and representatives on the Hill. You can learn more about George and his firm here - http://commonwealthstrategic.com/ Here is a promotional video that Senator Rubio and Congressman Rutherford did for the first version of the bill, originally introduced in 2021 - https://www.youtube.com/watch?v=QsFppJCH-08 You can find more press coverage on the HELPER Act here - https://thewilbertgroup.coveragebook.com/b/6eb8a85616435993 NEW ChatGPT Feature! You can now share a link to a GPT Chat thread. Here are the prompts for the Content Strategy to create awareness around the HELPER Act - https://chat.openai.com/share/92805375-5f9e-46e0-aa9f-3785d4f7090b

Become a FMWH Expert Network Rainmaker

Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy

StreamYard 101 – Podcast, Live Stream, Webinars, Recording Studio on Your Desktop

Here is the slide deck from the Workshop we did on May 12th, 2023. You can find the recorded webinar in the Video Library. I've also included a QR code on the last slide for more ways to follow what I'm working on! Enjoy! I hope this helps. Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy https://streamyard.com - Broadcasting Platform https://canva.com - Design Tool https://descript.com - Remove filler words & transcribe Important Dimensions - Canva Logo - 800 x 800 px Background - 1280 x 720 px Overlay - 1280 x 720 px YouTube Thumbnail - 1280 x 720 px If you're doing a logo or overlay, don't forget to check the "transparent background" box when downloading.

Mortgage Bio Makeover – Unleash the Power of ChatGPT for a Winning Online Profile

Here is the slide deck and the prompts from the ChatGPT Workshop we did on May 5th, 2023. You can find the recorded webinar in the Video Library. The slide order is a little different from the class we did last Friday, and all the Prompts are listed in the order shown in the presentation. These prompts were created for ChatGPT-4 in a single chat session. I've also included a QR code on the last slide for more ways to follow what I'm working on! Enjoy! I hope this helps. Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy Prompt 1 - Can You Be Found with AI? Who is [your name] in [your industry] Example: Who is Scott Schang in the Mortgage Industry If you don't have access to the internet through ChatGPT, try https://Perplexity.ai Prompt 2 - Initial Prompt to load Bio and Reviews info to ChatGPT I want you to write a new long-form bio for my website. I will give you examples of my bio and about me copy that I want you to use as source materials and learn about how I describe myself now. Do not create an output yet. Let me know that you understand the copy I am giving you, and tell me when you are ready for more copy. Prompt 3 - LinkedIn Here is a copy of my LinkedIn profile. [Paste current LinkedIn headline and about page] Do not write the bio yet. Let me know that you understand and are ready for more copy. Prompt 4 - Facebook Here is a copy of my Facebook profile. [Paste current Facebook about page] Do not write the bio yet. Let me know that you understand and are ready for more copy. Prompt 5 - YouTube Here is a copy of my YouTube profile. [Paste current YouTube about page] Do not write the bio yet. Let me know that you understand and are ready for more copy. Prompt 6 - Google Reviews Now I will give you some of my online reviews so you can consider what my clients say about me. Do not write the bio yet. Here are the reviews: [paste multiple reviews] Prompt 7 - Write the Bio / About Page Thank you, please write a long form bio for Scott Schang written in a professional tone. Mood is informative. Temperature .8. Prompt 8 - Bedazzle Your Bio / Hire Talent Now can you act like Simon Sinek and rewrite my bio. Now can you rewrite this bio as Donald Miller using his Story Brand method? Now can you act like Seth Godin and rewrite my bio? Now can you act like Tony Robbins and rewrite my bio? Experiment with your favorite authors to see if you get a "voice" that you like. Prompt 9 - Create Short Form Bios for Social Media Platforms Now I want you to create social media profiles for me using the first version of the bio. Please follow best practices for the length and format of each platform. Create bio / about copy for Facebook, LinkedIn, Instagram, Twitter, YouTube, and Google My Business. Write each bio so it is platform appropriate. Temperature .5

How to Teach ChatGPT to Sound Like You | Master 4 Advanced Prompts to Assemble Your Marketing Arsenal – 2 BONUS Prompts – Read and Summarize for Me.

Here is the slide deck and the prompts from the ChatGPT Workshop we did on April 28th, 2023. You can find the recorded webinar in the Video Library. Here are the Prompts listed in the order shown in the presentation. These prompts were created for ChatGPT-4 in a single chat session. I've also included a QR code on the last slide for more ways to follow what I'm working on! Enjoy! I hope this helps. Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy Prompt 1 - I Want You to Act Like Me I have a series of sales and marketing materials that I want you to write for me. I want you to impersonate me when writing these materials. I will provide you with transcripts so that you can learn my speech patterns. Do you understand? Prompt 2 - Do Not Create Content Yet - First Example of Your "Voice" Here is the first example. This is a transcript from a youtube video. I have more examples to upload, so do not create any output yet. Let me know that you have received and understand this transcript and that you are ready to receive more examples. Here is the first transcript [PASTE FIRST EXAMPLE OF YOUR VOICE HERE] Prompt 3 - Paste Second Example of Your "Voice" Here is the next example. this is a blog post I have written. Do not create any output. Let me know that you understand this example and you are ready for more examples. Here is the blog post [UPLOAD SECOND EXAMPLE] Prompt 4 - Pase Third Example of Your "Voice" Here is an email that have written. Let me know that you have received and understand this example. [UPLOAD THIRD EXAMPLE] Prompt 5 - Write Unique Blog Post in My Name - Target Audience - First-Time Homebuyers Write me a 700 word blog post using Google best practices for readability and SEO optimization about the importance of owning a home. The target audience is first-time homebuyers who are currently renting. Stress the importance of fixing your housing expenses and the importance of being part of a community and the net worth gap between homeowners and renters. Display H2 & H3 headlines as rich text, bullet points and statistics supporting the benefits of homeownership. Mood is informative and hopeful. Please write at a 9th grade reading level. Remember, you are writing as me. Prompt 6 - CTA Download Financial Readiness App - I recommend Finlocker / Vida Pro - https://finlocker.com/individual-loan-officers-brokers/ Can you write a call to action for this article to download a free app for their phone that monitors their credit, helps them create and track budgets, and allows them to search homes for sale in the price range they qualify for? Mood enthusiastic. Acknowledge that while it's a tough market and rates are a little higher than they were a few years ago, there is less competition and you can avoid rent increases in the future. Prompt 7 - Create a 10 YouTube Video Script - Teleprompter Version Now can you write me video script for a YouTube video that will be 10 minutes long. Please include time stamps to keep me on track. Also include a hook for the video and bullet points of the topics covered in the blog post. Call to action is to read the entire article by clicking the link in the description. Also include the free credit monitoring and budgeting app that homebuyers can download from the blog post. Prompt 8 - Write Series of Emails to Send to Buyer Prospects Can you write me a series of emails that I can send to homebuyer prospects to drive them back to this blog post. Use the main points from the blog post as the title, and topic of each email. You are writing these emails as me, and the call to action is to click on the link to the blog post to read more. The tone of the emails should be hopeful. Write at a 9th grade reading level. Prompt 9 - Create a Facebook Post to Promote Blog / Video Write a Facebook post from me, that will be posted on my personal wall to my network of people that already know me. The subject of the Facebook post should be an overview of the blog post we just wrote, with the call to action encouraging the reader to share this blog post with anyone they know that may be interested in buying a home in the next 12 months. Please include emojis, and a link to the original blog post. BONUS 1 - Prompt 10: Read Long Email & Summarize for Me Please read this email and give me a bullet-pointed summary of the subject matter of the email, and what response they are expecting. BONUS 1 - Prompt 11: Can you Reply to This Email as Me Can you please reply to this email as me. (I provide answers from the summary ChatGPT provided). Let Margaret know that FHA is probably a good alternative. The student loan payment can be used if the payment is greater than zero. If you cannot meet the dti requirements using .5% of the student loan payment, It might take a little paperwork to get a new payment greater than zero, but it can be done. A five-year-old delinquency should not be a issue, but I would have to look into it further to know for sure. Emphasize that she should not give up. Encourage them to schedule an appointment on your calendar to discuss further. BONUS 2 - Prompt 12: Read and Summarize This Article Can you now read, and summarize this article for me? Provide the highlights of the article as bullet points. Here is the article [PASTE ARTICLE] BONUS 2 - Prompt 13: Can You Write Me a Unique Blog Post in My Voice - My "Take" on the Article Can you write a unique blog post as me that covers bullet points 3 through 10. The message of the article should be that there are many opportunities for home buyers in today's market. While the media like to use scare tactics to get clicks on articles, the reality is that there is less competition for homes, prices are cooling off, and you always have to option of lowering your interest rate and payment in the future when rates come back down. Write this article using SEO best practices, use H2 & H3 headlines and bullet points to make article more readable. Also include the net worth differences between home owners and renters like we did in the previous blog post. Output in Rich text. Mood enthusiastic and hopeful. Write at a 9th grade reading level.

Unlocking the Power of ChatGPT: A Beginner’s Guide for Mortgage Loan Officers

Here is the slide deck and the prompts from the ChatGPT 101 Workshop we did on April 21st, 2023. You can find the recorded webinar in the Video Library. Here are the Prompts listed in the order shown in the presentation. These prompts were created for ChatGPT-4 in a single chat session. I've also included a QR code on the last slide for more ways to follow what I'm working on! Enjoy! I hope this helps. Schedule a discover call here if you would like me to build out a content strategy for you - https://calendly.com/scottschang/llp-content-strategy Prompt 1 - Act Like a Social Media Marketing Professional I want you to act like a marketing professional with over 10 years of experience using Facebook, LinkedIn, Google My Business, Instagram, and YouTube. You will use published best practices for each platform to optimize engagement on each platform. I will give you source materials to build a social media campaign. The source material is the transcript from a video that I would like to promote to Real Estate agents, Homebuyers, and Home sellers in separate campaigns. Do you understand? Prompt 2 - Train it on the Source Material (Video Transcript) Here is the source material: [Add Video Transcript] Do not create any content or a strategy yet. Let me know that you understand this copy and summarize for me what the topic of this video is in 150 words or less Prompt 3 - Write a SEO Optimized Blog Post Can you create a 300-word blog post that follows Google's SEO best practices? Also, please provide me with 5 options for SEO-optimized keywords. Please determine the keywords using SEO best practices. The audience for this blog post is Homebuyers. Tone - enthusiastic. Please write at a 9th-grade reading level. Remember, you're writing this in [YOUR] voice. Prompt 4 - Write a LinkedIn Post for Agents Can you write me a LinkedIn post that explains the value of this strategy to the Real Estate agent that is representing home buyers in market right now. Keep it professional but personal. This article is being read by my personal network of Real Estate agents that already know who I am. Acknowledge that the market is really tough right now, with rates almost double what they were 2 years ago, and that you have a strategy to help them succeed in this market. The call to action is to direct them to this URL - [YOUR LLP URL] I also want you to encourage your network to introduce you to any homebuyer that is currently in the market and struggling with the payments at current market rates Prompt 5 - Write 5 Facebook Ads - Target Audience - Agents Now can you write me 5 options for facebook ads that be shown to a custom audience of real estate agents. these agents may or may not know me. Again, acknowledge that this is a tough market right now and we need to work together to make it easier for families to buy their first home. Please provide me with 5 options for ad titles, catchy headlines, and copy for the ad. Also provide suggestions for the creative that will accompany this copy. Include emojis Prompt 6 - Write 5 Facebook Ads - Target Audience - First Time Homebuyers now can you write me 5 facebook ads with a target audience of first time homebuyers. Let them know that without the right agent and lender, this strategy may not even be presented to them as an option. We want them to know that as an experienced lender (remember, you are Scott Nicholson) that you can introduce them to an agent that knows this strategy. Acknowledge that it's a tough market and that high interest rates should not strip them of their dream of homeownership. There is a way to beat the market! Tone enthusiastic but educational. Include emojis. Prompt 7 - Create a 30 Minute PowerPoint Presentation for Agent Class Now, I would like to create an informational class that will be taught live to real estate agents. There will be agents that represent the homebuyer in the audience, and agents that represent the home seller. I want you to create an outline that I can use to create a powerpoint presentation to introduce the benefits of this strategy for each of the agents representing both sides of the purchase transaction. I only need an outline at this point. The presentation should be 30 minutes long.