The answer is a resounding YES, but the number of loan officers has probably been cut in half, if not more in the past few years or so.
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For my sake, I do hope that not many bankers or brokers buy your systems though Michael Locker, Duluth, MN "Thank you so so much for sharing your experiences for all of us in the mortgage industry.
I am a new loan officer, and by reading your materials I know that you have cut years off of my learning curve. All my education is going to come from you because I want to do it right the first time. Thank you for not forgetting where you came from and all the help you offer.Find a local South State Bank Mortgage Loan Officer and get started today.
A fixed rate mortgage loan provides you with the security of a monthly principal and interest payment that never changes because the interest rate is locked in for the entire loan term.
In fact, mortgage loan officers don’t even need a bachelors degree, let alone a high school diploma to gain employment with certain brokers and mortgage lenders. Understanding Commercial Mortgage.
If you are looking to start up your own business, there are several factors that must come into play before you can move forward toward a successful future.
As a loan officer, your primary goal is to determine the best mortgage loan program for your customer (and of course, close the loan). You know understanding details like property type, loan amount, credit score etc., is the key to providing your customers great service.
While our entire system - for mortgage lender, banker, correspondent or broker - is designed to be what we call a "franchise level business plan" with complete operating details, often a regulator or investor will require a more traditional business plan, which we refer to as a business goal development and management plan.