{"id":2567,"date":"2016-06-29T09:28:47","date_gmt":"2016-06-29T14:28:47","guid":{"rendered":"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/?p=2567"},"modified":"2017-11-24T09:59:20","modified_gmt":"2017-11-24T15:59:20","slug":"dares-3-point-plan-for-manufactured-housing-industry-recovery","status":"publish","type":"post","link":"https:\/\/www.manufacturedhomepronews.com\/industryvoices\/dares-3-point-plan-for-manufactured-housing-industry-recovery\/","title":{"rendered":"Dare&#8217;s 3 Point Plan for Manufactured Housing Industry Recovery"},"content":{"rendered":"<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><img class=\"alignleft wp-image-2516\" src=\"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/wp-content\/uploads\/2016\/05\/TitusDareSVPEagleOneFinancial-PostedIndustryVoicesMHProNews-com-.png\" alt=\"TitusDareSVPEagleOneFinancial-PostedIndustryVoicesMHProNews-com-\" width=\"88\" height=\"73\" \/>With apologies to MH Industry legend <\/span><\/span><span style=\"color: #000080;\"><span lang=\"zxx\"><u><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><a class=\"western\" href=\"http:\/\/www.mhmarketingsalesmanagement.com\/home\/featured-articles\/cup-of-coffee-interviews\/5128-a-cup-of-coffee-withnrandy-rowe-\" target=\"_blank\" rel=\"noopener\">Randy Rowe and his 5 Point Plan for Industry Recovery<\/a><\/span><\/span><\/u><\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">\u00a0&#8211; which is insightful and important reading &#8211; let me<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">suggest that what the Industry needs is a foundation that&#8217;s built upon a simple three point plan &#8211; which is really a 1 point plan &#8211; and everything else is a subset to that basic necessity. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Ready?<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>Education, Education, Education <\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">James McGee and Chet Murphree said it very well on a video, <\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><i>its all about education.<\/i><\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"> That&#8217;s sounds so simple, but they were correct, and its so true.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">What keeps more lenders from entering the manufactured housing market? Education. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">What does and has Triad Financial done so successfully for years to bring more lenders into the manufactured housing space? In a phrase,<\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><i> they&#8217;ve educated bankers and credit unions to the realities of modern manufactured homes.<\/i><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">The Three Forms of Education needed for MH Industry Recovery are these:<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>1) Public Education <\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Consumers must be exposed \u2013 educated \u2013 about the product. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">This can happen at events, online, at a retail center, community, factory, visiting a friend&#8217;s manufactured home, etc. The more the public is educated, the better they understand our product and the more they will buy it.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">The secret sauce for manufactured housing success is to attract and sell more credit worthy buyers, which in turn will cause the stigma to subside. As more millionaires and the mid-to-upper middle class buyers purchase a new manufactured or modular home, the more success the industry will enjoy in selling the entry level market that no one but manufactured housing can successfully serve without serious public subsidies.<\/span><\/span><\/p>\n<figure id=\"attachment_2571\" aria-describedby=\"caption-attachment-2571\" style=\"width: 500px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" class=\"size-medium wp-image-2571\" src=\"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/wp-content\/uploads\/2016\/06\/EducationIsAKeyToProfitablyAdvanceManufacturedHousing-TitusDare-imagecredit-MHProNews-com-500x160.png\" alt=\"EducationIsAKeyToProfitablyAdvanceManufacturedHousing-TitusDare-imagecredit-MHProNews-com\" width=\"500\" height=\"160\" \/><figcaption id=\"caption-attachment-2571\" class=\"wp-caption-text\"><em>Editor&#8217;s note &#8211;<\/em> All images on this page, save Titus&#8217; photo, are provided by MHProNews.com as illustrations for his message, and were not sent by the author.<\/figcaption><\/figure>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>2) Outside MH Professional Education <\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Want More Lenders? Be it the GSEs, or others, education \u2013 not a sales job, <i>education<\/i> is at the heart of what&#8217;s needed. Educate them on how the existing industry lenders do it successfully. Do what Don Glisson&#8217;s team has done, or what I&#8217;ve been a part of doing in MH for many years.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Some 80% of HUD Code MH sales make appraisal, so 20% of potential sales don&#8217;t meet appraisal. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Want more appraisers to give better appraisals on manufactured homes? Then, you better help them get their arms around the nuances between the upper end homes and the entry level homes, underscoring the point that they are all built to the HUD Code and are safe, durable and energy efficient. <\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>Educate them!<\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Want more public officials to say yes to manufactured housing? Educating the public, and creating their demand for the product \u2013 while also educating local, state and national officials \u2013 educating each of those groups are essential. Each must be educated uniquely, but each form of outreach should take place at the same time.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Want more developers, Realtors \u00ae and other housing professionals to embrace manufactured homes? Isn&#8217;t that also about education? <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Make no mistake about it \u2013 the industry has to reach out to a myriad of other groups and professionals if it is to achieve its potential. But the rewards will be worth the effort.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>Inside MH Professional Education <\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">To sell more of the upscale buyers, and to convince more public officials, mainstream media etc. &#8211; all of those are educational efforts, that requires better motivated, informed and yes \u2013 educated industry professionals. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Some in the industry are truly forward looking. Others are hoping for a return to Conseco and Greentree days. The later won&#8217;t happen and wouldn&#8217;t work for long if it did. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">For the Industry to attract new capital, we must prove we are educated enough ourselves to be thinking about ways <i>so that everyone in the mix will benefit and win.<\/i><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">The win-lose days are over.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Further, you don&#8217;t usually sell a millionaire the same way you do that customer who can just barely qualify for the least expensive entry level house. You have to approach every prospect based upon their unique needs, wants, world view and expectations. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">All of that and more are a matter of training, of education. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>What Won&#8217;t Work<\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">What&#8217;s clear is that manufactured housing endured over a decade of downturn, followed by a modest roughly 6 years of recovery. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">We may have the best product ever, but what attracted those new lenders in the past and what attracted developers and other housing professionals to MH before was what appeared to be the opportunity to do volume and to do it in a profitable way. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">MH was once one out of every 4 new homes hooked up to electrical service in the U.S. Today, its a fraction of that total. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">We can&#8217;t tilt at windmills, we can&#8217;t cry over split milk, but we can learn our lessons. That learning&#8230;is education! So we can begin <\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><i>to educate our way back to success. <\/i><\/span><\/span><\/p>\n<figure id=\"attachment_2521\" aria-describedby=\"caption-attachment-2521\" style=\"width: 335px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/a-deeper-look-at-why-the-gses-say-no-to-securitizing-chattel-loans\/\"><img class=\"wp-image-2521\" src=\"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/wp-content\/uploads\/2016\/05\/4SSafeSoundSanitarySustainable-postedIndustryVoicesMHProNews-com-.png\" alt=\"4S=SafeSoundSanitarySustainable-postedIndustryVoicesMHProNews-com-\" width=\"335\" height=\"284\" \/><\/a><figcaption id=\"caption-attachment-2521\" class=\"wp-caption-text\"><em>In case you missed it<\/em>, click the link above to see Titus&#8217; original column on MHProNews.<\/figcaption><\/figure>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Every step of what it takes to be successful in lending, which is critical for the advancement of this or any other big ticket industry, must be connected to those 4S I mentioned in my first column.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">The news is breaking as I&#8217;m writing this today that YES! Communities is being pursued on a 2 billion dollar potential buyout. Whatever happens on that deal, we know that several billions in MHC transactions have already taken place in the last year. That tells us what we already know. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Manufactured housing has demand, because affordable housing has demand. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">What did Frank Rolfe say on that video? People hate their apartments. Rolfe and his associates are growing because they understand a key aspect of affordable housing. Price and payment sells!<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>Exaggerating to make the Point<\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">In truth, education, education, education is a key. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">But there are subsets to that, where experts in lending, in developing, in production of HUD Code and modular homes, in proper installations, in safe transit, insuring, supplying, associations, legal minds and other experts all play a role. So I&#8217;m exaggerating education a bit to make the point. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Over the years, at educational events I was part of to promote manufactured housing lending and manufactured housing as the ideal source for affordable housing for potentially millions of people, I had the opportunity to meet all sorts of Industry pros.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">I&#8217;ve mentioned Don Glisson Jr. and Rick Rand, but there was also the Claytons, Dan Rolfes, Lad Dawson, Marty Lavin, Dick Ernst, Phil Surles, Joe Stegemeyer and so many others I could fill this page with their names. Each one brought certain qualities to the table.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">That&#8217;s what must happen again \u2013 bring together the best minds, to educate \u2013 and education is the best form of promotion that manufactured housing could possible offer for the future.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>Is there more to do than educate? <\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">You bet, and with Tony okay to publish it, I&#8217;ll gladly share that in a future column too. Let&#8217;s note that Tony and his team and sponsors have already started this educational ball rolling on MHLivingNews \u2013 educating the public and public officials, and on MHProNews by sharing the insights, interviews, comments, news and opinions that so many have on these pages over the years.<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><b>End the Fear, and the Growth Will Follow<\/b><\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">One piece of the advancement puzzle is ending fear. Education overcomes the paralysis of fear, or the no that fears cause. State or national associations clearly have many potential roles to play. <\/span><\/span><\/p>\n<p>\u201c<span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Come on in the water is fine\u201d won\u2019t work when trying to get the FHFA, GSEs or anyone else to come to the manufactured housing table on doing long term chattle-style (home only) mortgage lending. <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">As a career banker and a true believer that MH can, and will, solve our housing crisis in America, I ask each member of this great industry to pull together and refocus the efforts of the industry on education, education, education for the next 3 to 5 years. I believe the results for the MH industry and all those involved will be astounding. ## <\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">(Editor&#8217;s note &#8211; the headline was written by MHProNews, the contents of this message were sent to us by the author; we note that so that readers don&#8217;t get the impression that Titus Dare named himself in the headline! \ud83d\ude09<\/span><\/span><\/p>\n<p><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\"><a href=\"http:\/\/www.mhmarketingsalesmanagement.com\/home\/featured-articles\/june-2016\/138-general-manufactured-housing-industry-topics\/11610-duty-to-serve-by-gses-long-term-mortgages-on-leased-land-its-already-been-done\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-2516\" src=\"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/wp-content\/uploads\/2016\/05\/TitusDareSVPEagleOneFinancial-PostedIndustryVoicesMHProNews-com-.png\" alt=\"TitusDareSVPEagleOneFinancial-PostedIndustryVoicesMHProNews-com-\" width=\"155\" height=\"130\" \/><\/a>By <a href=\"http:\/\/www.mhmarketingsalesmanagement.com\/home\/featured-articles\/june-2016\/138-general-manufactured-housing-industry-topics\/11610-duty-to-serve-by-gses-long-term-mortgages-on-leased-land-its-already-been-done\">Titus Dare<\/a><br \/>\n<\/span><\/span><span style=\"font-family: Tahoma, sans-serif;\"><span style=\"font-size: small;\">Senior Vice-President<br \/>\nEagleOne Financial, Inc.<\/span><\/span><a href=\"https:\/\/www.linkedin.com\/in\/titus-dare-4277849\" target=\"_blank\" rel=\"noopener\"><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With apologies to MH Industry legend Randy Rowe and his 5 Point Plan for Industry Recovery\u00a0&#8211; which is insightful and important reading &#8211; let me &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/www.manufacturedhomepronews.com\/industryvoices\/dares-3-point-plan-for-manufactured-housing-industry-recovery\/\"> <span class=\"screen-reader-text\">Dare&#8217;s 3 Point Plan for Manufactured Housing Industry Recovery<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":3,"featured_media":2571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[2176,2175,2178,2177,2188,2189],"tags":[2204,494,2207,2201,606,2209,944,2205,609,2202,344,2208,656,13,511,2203,2206,2210,2180],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dare&#039;s 3 Point Plan for Manufactured Housing Industry Recovery | Industry Voices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.manufacturedhomepronews.com\/industryvoices\/dares-3-point-plan-for-manufactured-housing-industry-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dare&#039;s 3 Point Plan for Manufactured Housing Industry Recovery | Industry Voices\" \/>\n<meta property=\"og:description\" content=\"With apologies to MH Industry legend Randy Rowe and his 5 Point Plan for Industry Recovery\u00a0&#8211; 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