How do I build a successful career as a good mortgage loan officer in a down housing market?
I have recently become a mortgage loan officer in the DFW area. There is not a lot of experience in my office. Any advice where I can get assistance to survive this market? I would be happy to learn how to close at least one loan per month then build from there. Thanks for your assistance.
Asked By: KEVIN Z - 8/11/2007
Best Answer - Chosen by Asker
If I was a loan officer, which Im not, I certainly would start my practice in the field that currently needs more experts in. In my opinion I would seek to start in the field of loss mitigation on existing loans preventing foreclosures and if I did a great job on those they would come back for refinance when things... More
Answered By: newmexicorealestateforms - 8/11/2007
Additional Answers (4)
Bad timing. As I understand the housing market is down and still falling. Keep working at it and continue studying. The market will rise - When .............. Watch the experts.
Answered By: Dionannan - 8/11/2007
Considering how many people I know right now with 10+ years experience that JUST lost their jobs. I wouldn't recommend anyone unseasoned, unless they know a TON of Realtors to send them business, breaking into the business at this time. This is the WORST possible time to start a career in the industry.
Answered By: Mary B - 8/11/2007
When you learn to work smart AND DO work smart, you can close quite a few. When you do things the way 95% of the mortgage people do them, he/she is fortunate to close one a month. I THINK I peaked your curiosity. Please read on... More
Answered By: Ron B - 8/11/2007
There are ways to succeed in any market. I attribute a great amount of my success to my membership with www.loantoolbox.com. They have a ton of information and turnkeys systems that will help to educate you and bring in business... More
Answered By: Casey C - 8/11/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Earn $95/hr Bookkeeping Right From Home. Free Video Explains All!
Click. Search. Apply. Free!
Jobs hiring now near your local area. Find a job and apply now.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.