Confessions of a Predatory Lender: My thoughts

Confessions of a Predatory Lender: Irma Fritz


Christy and Megan are best friends and have decided to venture out into the world together taking on Loan Officer Boot Camp and trying to deal with the pressures of having to start a career, pay rent, live together and of course make tons of money to afford the lifestyles they want to become accustomed to. So, at 23 why not go for the gold as you might say. Christy and Megan want to live life to the fullest and from day one they learn that things come with hard work, sometimes at a price.


 Megan loves to eat and what really gets anyone on a diet is that she can eat her way into oblivion and never gain weight. Whereas, Christy just looks at food and gains weight. But together they make a great pair. Both of these young girls grew up on Palouse farms. Christy is hoping to help pay her family’s mortgage on their farm since her parents used their money to fund her college tuition. Megan comes from money and is used to the good thinks in life and she lived on a huge farm. Christy’s parents are hard workers and barely make ends meet but these two girls are best friends and take The Goode Mortgage Bank by storm but first they have to survive Money Lenders Boot Camp which might sound tough but not to these two who came fully equipped with what it takes to overtake the rest of the group, form their own alliances with those in the front row and never look back.


Billy Buckley is their mentor and instructor and from the start you might think he’s a drill sergeant but some of the scenes and Christy’s own analysis of the people in the class will make you laugh. If Felix Unger and Oscar Madison can live together so can Christy the neat freak and Megan the slob or can they? As you listen to Christy’s assessment of the people in her class you begin to wonder if some needed makeovers, some looked like they did not belong and then others who would provide fun and entertainment when they would meet at the café after work or class or just hanging out with a pizza. So, remember: if you don’t graduate from Boot Camp you don’t work for this great company.


 But, Christy’s voice is not the only one you hear remember there is Billy and although he might seem tough his job is to make sure that everyone in the class succeeds and watch what happens when they don’t. Let’s not forget Ed who seems to feel he has his pulse on the industry and who Megan nicknames: real turd since she loves giving everyone nicknames. Of course since I have always struggled up until now with my weight, I can understand how Christy feels and my sister who could eat as much as she wanted reminds me of Megan. Christy loves to cook and is quite structured and organized while Megan is sloppy, throws things all over the place and needs more than just an alarm clock to get ready for the day.


Confessions of A Predatory Lender allows the reader to enter the world of finance, money lending and hear the innermost thoughts of the loan officers as they clinch, cinch and make those mega bucks deals. Christy appears to be a natural as does Megan and as we meet her boss Francis who seems stoic, staunch and definitely no nonsense we realize that it is going to take more than just hard work for these two to make it up the corporate ladder. Christy and Megan are all excited and hope that they will succeed and survive the training. Wanting to show they are team players, Christy along with Megan forms the UNITED FRONT ROW LOAN OFFICERS GROUP consisting of the six people in the first row. But, they branch out and mingle with the others hoping that working together as a unit will bring success.



But, Christy takes us through her first big deal, we learn the ins and outs of closing on a house, mortgages and much more as we are swept away from the start by her enthusiasm, gusto and her inner drive. Megan is straightforward, speaks her mind and although great at what she does and should be promoted but its Christy that the upper management promotes. Goode Mortgage is the company where they are hoping to get that coveted job.


From landing their first deals, closing their first loans both Megan and Christy are shining stars. Money pouring in, checks that are huge and spending it on whatever they want and just wanting to enjoy life.  Author Irma Fritz takes the reader deep inside this corporation and teaches the new moneylenders and us the insider scoop of what it takes to become a moneylender.


As the author reveals more about the Mortgage Company we learn some of the ins and outs that these loan officers use in order to make sales, loans and increase revenue. The commission checks are huge and both Megan and Christy seem to be reaping the benefits until something changes the dynamics of the company and possibly their friendship as Christy is promoted to Team Leader wondering how Megan will handle it? But, when push comes to shove and startling truths are revealed these two friends will stop at nothing to get what they want but maybe not in the conventional way. Realizing that things that are going on in this company might be questionable they agree to remain, make sure they rise financially and hopefully come out on top. As Christy needs to help her parents, Megan needs to fend for herself but will the hands of greed ruin their friendship and what will the final outcome be?


Meet the head of the company and hear his long speeches, agree with his every word and make sure that you are a team player. Big Lou is what most call him and yet Christy can’t seem to get the words out. As she enters the world of upper management, finds out their goals for her and learns first hand what it takes to fit in, get the top and stroke the boss’s ego, you won’t be disappointed. Frances Loyalo Bell, her supervisor, Steve Rogers the executive vice president and a cast of characters that will definitely keep you glued to the printed page and the mortgage rates to find out just what happens when two naïve, smart, and definitely business savvy 23 year olds compete in a world filled with moneylenders and greed oriented people.


Not everything will remain on an even keel and mortgage rates change, romances fizzle out, the company’s dynamics might not remain the same and the end well you have to read that for yourself as Christy narrates the story in her own words in her to the reader. Just where do their allegiances lie and who comes out on the financial scale at the top and who is yesterday’s news?


Can two young, enthusiastic and naïve 23 year olds take on the big leagues and make some, as Big Lou would say Cashola? Can this morally oriented girl got against what she knows is right just to get ahead? Will their friendship remain or will it fall apart? How does Christy handle things when she has to make some tough decisions in her life, in business and with her customers? What is more important? The deal, your integrity, making money or just living life at all cost. Humor, at times sad, at definitely insightful, this is one book that will provide great discussions for those in book clubs, those that are money lenders and anyone that wants to discuss a great novel.

Fran Lewis: reviewer 


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