Anyone ever worked as a loan officer?
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I'm in need of a new job, and I recently sparked a little bit of interest in becoming a loan officer. It seems like an opportunity to make a great income, while living a flexible lifestyle. Although I really don't know very much about the field. I was hoping to find someone who can tell me their opinion about the field. Perhaps things to look for, and things to watch out for if I do go in the field. The things you like, and don't like. The steps I should take if I do want to get in this field. etc.
I do have 5 years of collection experience and I was always one of the top collectors, so I'm pretty sure I'd catch on quick since I'm already used to negotiating finances with people. I'm just really tired of collections and don't want to do it anymore, looking for a better opportunity.
PS: If you know of an even better opportunity for an ex-collector, I'd like to hear it also.
Anyone ever worked as a loan officer?Loan Officer and Loan Counselor: Career Information
From Dawn Rosenberg McKay,
Your Guide to Career Planning.
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Job Description: Loan officers work for banks and other financial institutions. They help individuals and businesses obtain funds from these lenders. Loan officers specialize in commercial, consumer and mortgage loans. Loan counselors assist loan applicants who have difficulty qualifying for traditional loans.
Employment Facts: Loan officers held almost 291,000 jobs in 2004. Loan counselors held about 34,000 jobs in 2004.*
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