Working for a "mortgage company"

[Nocturnal]

what are the pro/cons to this job? is this a get rich quick type scheme? i was at work today and i was approached by a man who was interested in a cellular phone. we talked, and he basically told me that he is going to be trying to start a chapter of his business here where im at. he said that he needed some locals to help him start it off over here. he also said he would be doing a lot of the stuff via internet. i asked for his info because i felt that this could be a once in a lifetime offer. so i got his e-mail and what not. what do you think? does anyone have any experience with a "mortage company?"

tnx roger.

 

[amnesiac]

it's a pain in the ass job and certainly no fun, but has potential for advancement and good money. You'll learn a LOT along the way too. But I will again stress that it will not be fun. I have several friends who had done stints at mortgaging companies.

 

[Nocturnal]

what kind of duties are normally done by a mortgage broken or person?

 

[amnesiac]

Originally posted by: Nocturnal
what kind of duties are normally done by a mortgage broken or person?

Well it's likely you won't become a broker, probably an assistant. You need a license in order to hold any fiscal responsibility (i.e. conduct transactions). It varies from state to state, but training is very expensive in general.

*edit*

Expect to do between 20-40 hours of training, and passing a state test.
Expect between $100-500 in fees. This may be covered by the employer.

 

[Pacfanweb]

A mortgage officer or broker basically arranges financing for people. My uncle started his own business doing that and is doing quite well.

You basically do what it takes to get people financed....handle credit issues, appraisals, lawyers, etc. It's very interesting, and you really don't need a degree to do it.