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Where can I find a job as a loan officer with no experience and has a base salary?

I am looking to change careers somewhat. I am in Sales but want to get into becoming a loan officer because for my love of real estate. The problem is that I do not have any experience or education for this position and I cannot rely on a straight commision while I build a buisness because I have a family to take care of and cannot go without a paycheck. Any help would be appreciated.

Asked By: c_lo5 - 9/25/2007
Best Answer - Chosen by Asker
look at it this way: would you want to buy a house or get a loan from someone who has no experience or education in the field? you could apply at a bank to be a teller and learn as you go. i have a family member who did that and she's been a loan officer for nearly 10 years now.
Answered By: Julie N - 9/25/2007
Additional Answers (5)
Thats going to be hard with no experience or wducation. Unless u no someone who works in the buseness but really without anything to back you. I can't see it happening. In the line of buieness you may have to be bonnded so good luck and i really hope you find smething/
Answered By: RAYMOND M - 9/25/2007
 
That boat has already sailed... More
Answered By: Gem - 9/25/2007
 
Apply in banks under the Real Estate division. This division needs loan officers to proess housing loans. Another option is in the insurance companies.
Answered By: Lorna - 9/25/2007
 
This is a tough time to go into the mortgage industry,I have been a broker for 12 years it is very lucrative but the industry has changed there are a lot of lenders/brokers that would train you and pay you 70-100% commission but not give you a base salary but if a family member or friends is willing to have you do... More
Answered By: maynard - 9/26/2007
 
Try a bank.
Answered By: C M - 9/27/2007
 
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