They say that once you have had exposure to the mortgage industry, it has a way of getting into your blood
and staying there. We can certainly surmise that from
our Millennial on the Rise this month, Hollis Daniels.
Hollis was bitten by the mortgage bug as an undergraduate student while making her way through college.
Despite graduating with other career options in mind,
and during the Great Recession, she still found herself
wandering back to our industry. I hope you enjoy her
story as much as I did!
My first day on the job at the leading mortgage
industry’s advocacy group, my boss asked me to print
the discussion draft of something called the Dodd-Frank Act and just “read over it,” you know, “get familiar with it.” I remember he said, “Everyone is going
Rise On The
to be talking about it, and it’d be good for you
to get a head start.” I had no idea, at the time,
that I would eventually build my career around
this piece of legislation. I was stunned when I
printed out a stack of paper thicker than even
the most daunting college textbook, and overwhelmed when tasked with cataloguing its hundreds of rulemakings and studies. Two months
later, the Dodd-Frank Wall Street Reform and
Consumer Protection Act was officially signed
into law, triggering the largest reform of financial regulation this country has ever seen.
Like this experience, my career in the mortgage industry has seemed to revolve around
being in the right place at the right time. I
graduated high school in June 2008 just as the
financial crisis was gaining momentum. While
many of my peers would say this was anything
but the ‘right time’ to be entering the workforce, I was fascinated and perplexed by what
I saw. Why couldn’t families afford their homes
all of the sudden, what did ‘too big to fail’ mean,
and who were Fannie Mae and Freddie Mac?