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Jessie Beaudoin

Founder and CEO of CallAction.co

Jessie Beaudoin is the Founder and CEO of CallAction.co, a lead engagement automation platform designed to help businesses generate, engage, and track leads from various marketing channels. Based in Whittier, California, Beaudoin has a long history as an entrepreneur, beginning with a lemonade stand at age 8. He has extensive experience in real estate and mortgage, having worked in the industry since 1987 and obtaining his real estate license at 18.

Beaudoin's career has been marked by a focus on inbound marketing and automation, stemming from his early experiences as a telemarketer and mortgage broker. He is a self-taught tech enthusiast who transitioned to online marketing in 1997, purchasing his first domain and learning web design and coding. His commitment to continuous learning is evident in his attendance at numerous internet marketing and real estate tech conferences.

At CallAction.co, founded in January 2015, Beaudoin has developed a platform that integrates various communication methods, including phone calls, emails, and text messages, to streamline lead engagement and improve productivity for businesses.123

Highlights

Mar 25 · linkedin

Thanks Dale Archdekin of Smart Sales Coaching and Brian Curtis for the opportunity to appear on your podcast.

Watch it here: https://lnkd.in/gE-_8H3g

Aug 1 · linkedin

Could Student Loans Become the Black Swan of Real Estate Markets?

The outstanding student loan debt exceeds 1 trillion dollars, and student loan repayments are scheduled to start on October 1st.

Key events over the past few years:

  1. Mortgages (FHA specifically):   - FHA made loan qualifying easier by not considering student loan debt in mortgage qualification.   - FHA loans represented approximately 10% of all home purchases in the last 2 years, with nearly 1.3 million new loans.   - The average loan-to-value (LTV) ratio for these FHA loans was over 95%.   - FHA already used higher-than-normal debt-to-income (DTI) ratios, with an average DTI over 45% at the time of qualifying.   - Rising mortgage rates have limited refinance opportunities for homeowners.

  2. Consumer Credit:   - Credit card balances have significantly increased in the past 12 months.   - Delinquencies have risen across various credit types, including auto loans, credit cards, helocs, and mortgages.   - Many consumer credit lines are based on variable interest rates linked to Fed Fund rates, resulting in higher interest payments.

  3. Inflation:   - Household inflation has forced many to turn to credit card debt for basic living expenses.   - Reduced personal savings rates have left consumers with minimal cash reserves.   - Inflation remains a concern, with the Federal Reserve predicting further rate increases.

  4. Student Loan Debt:   - Over 1 trillion dollars in student loan debt exists.   - Student loan repayment begins in October, adding to consumers' financial obligations.   - 1 in 13 student loans is already delinquent, according to the CFPB.   - Student loan borrowers experience a 24% increase in median monthly payments on non-student-loan debts.

Implications and questions to consider:

  1. Will new homeowners with FHA mortgages and high DTI ratios may face challenges making ends meet?
  2. Even if student loan lates are not reported on credit scores, will the payments themselves affect the ability to qualify for debt consolidation loans or refinancing?
  3. Will increased financial strains lead to a rise in future bankruptcy filings among consumers seeking relief? (and likely divorces?)
  4. Will mortgage delinquencies increase significantly in 2024?
  5. Would an increase in the supply of homes for sale due to debt-related reasons may result in more home price reductions?
  6. Would a rise in real estate supply impact future buyer FOMO / demand and ultimately influence home prices?
  7. Could potential financial hardships of consumers lead to more bank failures?

Do you think the combination of these events could potentially have significant repercussions on the real estate market, affecting homeowners, buyers, and lenders alike?

What will you be monitoring to understand if there will be an impact on the housing sector?

I have attached some charts and data for your reference.

#realestate #studentloans #mortgage #inflation #realestateprices #housingmarket

Related Questions

What inspired Jessie Beaudoin to start CallAction.co?
How did Jessie Beaudoin's early career in telemarketing influence his approach to automation?
What are some key features of CallAction.co's lead engagement platform?
How has CallAction.co evolved since its founding in 2015?
What awards or recognitions has CallAction.co received?
Jessie Beaudoin
Jessie Beaudoin, photo 1
Jessie Beaudoin, photo 2
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Experience

Founder & CEO at CallAction.co (January 2015 - Present)
Self Employed Entrepreneur (June 1989 - Present)

Education

Business, Management, Marketing, and Related Support Services at California State University, Fullerton (1990 - 1994)

Location

Whittier, California, United States