Any loan officer?

[LuckyTaxi]

My coworker is a PT loan officer for his friend's mortgage company.
He just closed a deal and made what we make in one freaking month.

How hard is it to become one? My coworker isnt the brightest so I figure if he can do it, so can I.

 

[Mr N8]

Usually, you need a business degree to get started in it. Most loan officers work on salary, and not commission, at least in this area.

 

[DT4K]

talk to Vic.
He's in the mortgage business.

I don't know about loan officers at banks, but I know a lot of mortgage brokers are paid on commission.

But I wouldn't expect it to be quite as lucrative over the next few years. Brokers have made a ton of money over the last couple years because the low interest rates caused a ton of people to buy or refinance their houses. Seems to me that the boom is probably ending now that interest rates are going to start rising.

 

[dquan97]

It's not that hard...just be able to solicit new clients

 

[LuckyTaxi]

Originally posted by: dquan97
It's not that hard...just be able to solicit new clients

yea, at first i was skeptical, but he's gotten anywhere from 5-10 leads thus far.