Top loan officers have the potential to make that kind of money too; If a mortgage loan officer gets just one of those deals to go through, it often equates to a huge payday, sometimes as much as a few months’ salary working a minimum wage job or other lower paying jobs. So that’s the incentive, big money.
Need a boost to your credit rating? These new financial tools might help. – Here’s some good news for anyone whose credit scores. three of these tools could be of practical use to you if you find yourself in a score pinch. You simply need to ask your loan officer about.
Eight habits and traits of successful mortgage originators – Well-Managed Processing, Underwriting and Closing. Good loan officers are smart, and they know it is possible to beat the loan condition deadlines, to get the closing figures and documents to title 3 or 4 days early, and it’s even possible to have the wire at the title company the day before the loan is closing.
5 strategies loan officers Use to Attract More Business – 5 Strategies Loan Officers Use to Attract More business tracy weckwerth , Digital Marketing Specialist As a loan officer, your primary goal is to determine the best mortgage loan program for your customer (and of course, close the loan).
How to Become a Loan Officer – How to Become a loan officer loan officers determine whether or not individuals and corporations qualify for loans from banks and other financial institutions. They examine the financial records of loan applicants and apply underwriting principles and formulas to determine their ability to repay a loan.
New Officers and the usaa career starter Loan – USMC OFFICER – The USAA Career Starter Loan offers newly commissioned officers an opportunity to borrow up to $25,000 to start their career. This includes students in the ROTC program, those attending a military academy, and newly commissioned officers coming out of Officer Candidates School (or the equivalent in other services).. You can take the loan out up to a year before you commission, or a year after.
Colin, good/honest article. I have been an LO at one level or another for 42yrs and it never gets easier, but it seems to keep getting more profitable-IF YOU UNDERSTAND your market place and adjust accordingly. 1st, 2nd’s, Alt-A, FHA, refi, Purchase.
How to Find the Best Loan Officer – Poli Mortgage – Top loan officers do business with top producing agents. Find the top agents and you’ll find good loan officers. Experience. Today, most mortgage loan officers are required to take a minimum of 20 hours of initial study, pass a state and federal exam and fulfill annual continuing education requirements.