I'm thinking about learning how to be a loan originator can anyone give me any feedback about that trade?

Basically this lady I met at work does it and makes good money at it and she offered to teach me. Well i really have no clue what I'm getting into yet. She just tells me I'm gonna have to be patient with it because I will not make the "Big Money" quickly at first that it does take time. Right now i work at a casino as a Table Games floorperson basically I am a level below a pit boss but one step about a dealer. I just wanna an idea of how long it will really take to learn and get it going to where i wont have to work at the casino anymore and the details of the job. Thanks in advance.

Answer:
I assume you mean residential real estate loan originator? There are also commercial real estate loan originator/underwriter who can make well above 6 figure income. (It's because your income is heavily commission based and the more money is involved in loans, the more income you make). If you start as residential RE originator, you probably won't be doing commercial unless you go through separate training though. The thing is in the past few years loan originator made huge profits because of low interest rates. A lot of people went into that field, too. It's not the same anymore since the housing market is slowing down and interest rate is up. If you are talking about becoming an independent contractor, the competition is going to be high. If the lady say it takes time, I'd be concerned because the later you get in, the harder it will be.
If you're going to change your field anyway, I'd suggest doing some research and explore other fields as well. If you have time, also consider getting formal training at community college.
well the thing is that i have no clue about what you are taking but i think that you should go to googles' and say what is a loan originator maybethat might give a piece of information

The answers post by the user, for information only, BAnswer.com does not guarantee the right.

Other Questions and Answers:
  • Is there any ledgit work from home jobs?
  • i'm looking to sell items from home somewhat like an avon type of thing does anyone know of anything?
  • Are there any real work @ home jobs that pay?
  • any places that help money wise transfering my cna license from michigan to california?
  • Job situation.what would you do (long)?
  • how many out there hope that their boss dies a horrible death?
  • Information on accounting as a major?
  • the perfect secretary?