Do loan officers make good money ,what do they do??
Answers:
Most states you will have to be trained and take a test. Then you will find a company to work for *hang your license if you will*.
Some companies will help you with leads, some companies wont. Its a sales job, its not easy work but after many years alot of your business will be referrals. It will almost always be a 100% commission job.
You have to realize 5-10% of the loan officers make 90% of the money. I know loans officers that make a million a year and some that cant feed their kids. Just because you have a license there is no guarantee you will ever make 1 penny.
If you are not good at sales never become a loan officer. I use to train and teach new loan officers. We didnt recruit people good at math or finance, we required those good at sales. You cant teach sales but you can teach anybody how to fill out a loan application.
Take a Real Estate Agent, A furnace Sales person, A loan officer, a Funeral Sales person. Take their top 5% and put them in any of the above jobs. They will still be in the top 5% of whatever job they take.
*just email me if you have any questions I know most of the requirements for most states and could give you more advice ryemosher@aol.com*
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
More Related Questions and Answers...