Senko recalls that he became a mortgage broker by simply filling out a two-page application in Maryland. Having struck out on his own on a shoestring budget when the barriers to entry were low, he now advises those who want to become independent mortgage brokers to accumulate plenty of capital and maintain costs.
“Capital preservation is the key, and I think that’s true of life professionally and personally. You need to make sure you have reserves because as we know what goes up comes down, and you want to make sure that you have stability and make sure that you never get too high or too low,” he said.
Senko took pride in being able to sell his first company, Senko Financial, and bringing the
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