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What is it like to be a mortgage loan officer?

Currently I am a personal banker, but I am taking my 20 hours of required classes and going to be taking the test at the end of the month. I will be starting my new job as a mortgage loan officer next month. I just want to know what to expect? Is the pay good? What is the sales process like? Any info would be great!

Asked By: Mary f - 2/19/2013
Best Answer - Chosen by Asker
I love it! Every day is different, money is good. Fun to help people. I don't do outside sales, they come to me so I don't have to deal with that aspect. About 50% don't close since they don't qualify. You will take 8 hours every year of continuing ed.. finger print & background check required, must have good... More
Answered By: Beverly S - 2/19/2013
Additional Answers (1)
I have seen this in an office. frustration is common. you work on largely on commission. 1/2 of these loans never went through. lots of paperwork and time wasted. if you are not a patient person, forget it.
Answered By: Caren - 2/19/2013
 
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