How do you become a mortgage/loan officer?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
Does anyone know they steps to becoming a loan officer that is free of gimmicks
How do you become a mortgage/loan officer?Depending on where you live, licensing may or may not be involved. I live in Michigan, and am a mortgage banker with Quicken Loans. They are a direct lender, so I interviewed for the position just like any other job, then they hired me, trained me, and provided the materials needed so I could obtain a license in the states that required it. If you are going to be new to the mortgage industry, I would suggest that you work for a direct lender, preferably a larger company that offers training so you can get a full understanding of the industry and how it works. Most larger companies have detailed training programs that will teach you about mortgages and also how to sell if you have not done so previously. Mortgage brokers tend to be smaller companies that don't have the resources to provide you with all the knowledge you will need to be successful. If you decide you would like to be a broker, you can always do so, but I would start with a large company with a good training program so you can take that knowledge with you. Personally, I love working at Quicken, and we have offices in Detroit, Phoenix, and Cleveland. If you happen to be in any of those locales, shoot me a message and I can put you in touch with the right people.
How do you become a mortgage/loan officer?I can help you out here, I worked in Lending for 10 years. You don't need a degree just good attention to detail and problem solving skills. If you become a Loans Officer for a Bank you have to push the banks loans an yes there are gimmicks involved. However if you become a Broker you can offer a choice of lenders products and you don't have to push gimmicks/use ridiculous sales techniques. Ive been a Bank Loan Officer and a Broker - Broking is way better for you and the customers.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.