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
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