Loan officer is the person who directly originates the loan from your loan company.
If working in a bank or other loan company, the loan officer will let you
obtain a loan from her corporate office. If working in a true estate group, the
loan officer look at different institutions for top level loan that you be
eligible for.
Take courses at your neighborhood colleges or universities
pertaining to degrees in finance, economics or possibly a related field. To work in banks and move
up the career ladder, institutions look for degrees applicants first. If cannot
get a degree, start working in the field and educate yourself on the lingo and
processes. This can take much longer, and you should eventually hit a ceiling
where you should have a degree.
Market yourself. Go to dinners, parties and gatherings with
all your business cards. Your child's school things to do and extracurricular
sports almost all have parents who may be buying a loan now or in the future.
Don't be pushy, and do not get offended when you see your cards in this couch
cushions; they often have a loan officer from the family.
Take technology-based courses to keep up with the growing
must be computer literate. This would have been a huge plus on your resume
because field needs fewer loan officers because of the growing ease of finding
loans on-line.
Be open, friendly and honest with all the current potential
customers and real estate contacts you make, in case you don't like the person.
Word of mouth and day-to-day contacts should bring you business.
Join a team or perhaps office that consists of real estate
brokers, a mortgage broker and also loan processors. This population group will
all be interdependent on the other to make sales and also money.
You may have to share your fees, but it will get the name in business circles
and educate you on the processes that each individual does.
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