As someone who spent many years working in the mortgage business I am happy to say there is life on the other side. I've been enjoying life as an internet consultant and the new mental challenges have been a welcome releif to the doom and gloom they are dealing with.
I would tell any mortgage professionals out there that if you feel trapped by the current situation in the industry take a hard look at your skill set and look outside of the business. There are opportunities everywhere and the skills it takes to be a good loan consultant will serve you well in the outside world.
A client of mine is trying something new but staying in the business. Instead of brokering mortgage loans they are offering independent mortgage advice for a flat fixed rate. So if a borrower isn't sure they're getting a good deal on their potential loan Trusted Mortgage Advice will review it and help them through the process. The website is www.trusted-mortgage-advice.com if you would like to check it out and see what they do.
Anyway this is just another example of mortgage professionals finding something to improve thier industry or use thier experience and skills to do other things. There is life on the other side!