Mortgage Lending

How To Be A Good Mortgage Loan Officer

How To Become A Mortgage Loan Officer Look for best, ethical and reliable loan officer who will always have your best interests in mind. This decision is crucial and will dictate the mortgage for a good many years to come.

What the Loan Officer Does. There are many different specializations in the Loan Officer field. They are found working with auto loans, home mortgage loans, commercial business loans and more. Anywhere large sums of money are exchanged, there is often a need for a loan officer to help make it possible.

Mortgage loan officers must have a Mortgage Loan Originator (MLO) license. To become licensed, they must complete at least 20 hours of coursework, pass an exam, and submit to background and credit checks. Licenses must be renewed annually, and individual states may have additional requirements.

Now, 10 years after the recession began, mortgage lenders are still working to regain. “Entering the business in 2012, loan officers did not have a good reputation. So, for me, I pride myself a lot.

It also takes a good year on the job full time doing loans day in and day out (mostly refis) before you are a basically seasoned and functional loan officer that can reliably handle basic and simple vanilla w2 employee 750 FICO score 20% down owner occupant purchase mortgage scenarios.

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Learn how a mortgage loan officer thinks while offering you mortgage products so you can protect yourself and choose and compare the best. 5 Ways to Become a Better Loan Officer by Hugo Gonzalez , on Thu, Feb 16, 2017 As a passionate mortgage professional, you are constantly striving to improve your job performance and gain new, innovative knowledge about your field.

I also love that it’s an industry where people can earn a good living. enjoyed lower Loan Officer turnover, as well as a shorter and more efficient recruiting process. The company that implemented.

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“Promoting Liliana to Chief Compliance Officer is an integral step in our efforts to promote greater levels of transparency and reliability for our loan originators and sales teams,” said Matt Clarke,