The Big Deal About Millennials

According to CNN, many of our nation’s Founding Fathers could be considered the millennials of their day.

Sitting beneath their white wigs at the Constitutional Convention in 1787 were young innovators around the age of Mark Zuckerberg or Taylor Swift. In fact, James Madison — our nation’s fourth president — was the youngest delegate elected to the Continental Congress at 29. He authored the Constitution by age 36.

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Millennials have a “can-do” attitude about tasks at work and look for feedback about how they are doing frequently – even daily. Millennials want a variety of tasks and expect that they will accomplish every one of them. Positive and confident, millennials are ready to take on the world.

They seek leadership, and even structure, from their older and managerial coworkers, but expect that you will draw out and respect their ideas. Millennials seek a challenge and do not want to experience boredom.

Millennials need to see where their career is going and they want to know exactly what they need to do to get there. Millennials await their next challenge – there better be a next challenge.

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Millennials are the most connected generation in history and will network right out of their current workplace if these needs are not met. Computer experts, millennials are connected all over the world by email, instant messages, text messages, and the Internet.

How do mortgage lenders target this group you might ask. Mortgage Master did some research on millennials. They tried to find out how this group ticks.

Mortgage Master was founded in 1988 by Leif Thomsen and grew into one of the largest privately owned mortgage lenders in the nation. Since its inception, Mortgage Master has funded over $60 billion in loan volume.

In looking at this group, Mortgage Master found that when it comes to their priorities, Mortgage Master found that 52% view a successful marriage as a priority; 30% view being a good parent as a priority; 21% view helping others in need as a priority; and 20% view owning their own home as a priority. That should be good news for lenders.

Going further, the research found that 73% of them want to have children; 66% want to get married; and 93% want to own a home in the near future.

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