How does someone become a loan officer?
Answer:
This is not a rocket science job. Start out by getting any job you can at the bank or credit union and ask how you can work your way up. I think that many loan officers don't even have degrees.
The big money is in Mortgage loans (you have to go out and build up your business, it doesn't just walk it).
Look for a family run mortgage brokerage and ask them. Who knows - maybe you'll be there at just the right time when they are willing to mold an l.o. to their liking.
Go to a mortgage company and let them know that you are applying for a loan officer position. Just make sure you have a car. They definitely wont hire you, if you dont have a car. You will be in training for about a month and you will finally be a certified loan officer. Its very easy. Just study up on some mortgage companies to find out what is legit and what isnt and them find them and apply.
It depends what state you live in. In California, you are usually required to get a real estate salespersons license from the Department of Real Estate, which is a lengthy & costly process. The other alternative is to join a company like I work with in which you work under that companies umbrella license and then you only have to take 2 online courses and pay $225.
Loan Officers come in different Forms. I would go to a company (Direct Lender) such as Washington Mutual, Countrywide, and Wells Fargo and apply for a position as a loan officer. They will train you and provide you with the necessary tools to help you get started. In some states you do need a license however if you work for a company that is a direct lender you can work under their license.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: