WELCOME TO THE BUSINESS SPOTLIGHT, WHERE WE FEATURE A DIFFERENT BUSINESS EVERY WEEK!
This week we are featuring
Tammi Soehl of Heritage Bank
How long have you been in business?
This is my 17th year
What is your business all about? (services, products, etc)
Mortgages. Fannie Mae, Freddie Mac – Conventional loans, FHA loans, Rural Development Loans, SD Housing first time buyer loans, construction loans, physician programs and refinancing your mortgage.
What makes your business unique?
We have a physician loan program that basically when a doctor is moving to town, they can buy a house with no money down and no private mortgage insurance and low interest rate.
What made you start your business?
Funny story. I was actually a nurse and the doctor I worked for for the last 10 years retired. One of my patients asked me to work with him in the financial world. So I did.
What would you say are the top three skills needed to be a successful business owner?
I believe in Team Work, being organized and good communication. I need all these pieces in place to get a customers loan to close on time to make this big investment and get their dream home.
What three pieces of advice would you give to someone who wants to launch their own business?
Be a good listener (absorb everything you can and have a good mentor), have a passion and story for what you sell and keep it simple. People and customers do not have time for anything complicated.
Who has been your greatest inspiration? Or what book has inspired you the most? Or what is your favorite book?
My greatest inspiration is when I can help a single woman or single mom buy a home by themselves with no help from anyone. I love educating people about the mortgage process. First time home buyers also are fun to work with because they are so excited!!! My favorite books are about people who make it on their own and not born with a silver spoon in their mouth.
How do you conquer those moments of doubt that so often stifle or trip up or stop so many?
Having been in this business for so long, there are years where it can be stressful due to the market, high interest rates, no inventory of homes, buyers or sellers’ market…..I’ve learned you have to stop worrying about what others think. There is always someone that appears to be doing better than you. Set small goals so you’re not overwhelmed. By achieving smaller goals, you can constantly win. Surround yourself with the right people…these people can encourage you and lastly remind yourself of prior successes…..by this you won’t dwell on the negatives. Give yourself full credit for your triumphs.
Thank you, Tammi, for letting us share a bit about you!
If you’d like to reach out to Tammi, here is Tammi’s Contact Information.
Heritage Bank located on the corner of 8th & Phillips Ave