Hi William! Thanks for the note. My career took off when I learned how to originate commercial and private money loans. I packaged the last 10 years of my knowledge into a program that I developed, and I call it the Part-Time Commercial Lender Academy. You can learn more here: www.LoanMastermind.com/free
This seems like good information and it matches with what I've heard on other channels. However, when I look at entry level MLO listings in my area, they seem to be at larger companies where you're tossed on a dialer or otherwise handed leads for refis. I'm wondering if this is typical for entering into the industry or if these types of places should be avoided. If they should be avoided, I'm guessing more reputable shops would be far less likely to take on someone with zero experience.
Thanks for the note! If I were a beginner, I would try to go somewhere where I can be exposed to as many transactions as possible. That said, becoming a part of a dialer system may not help you build your book of business, but it will hopefully expose you to many different lending scenarios. Also, I would position myself as an expert in commercial and private money lending early in my career. If you've been watching my videos, I talk a lot about how this skillset has contributed significantly to my income. I packaged 10 years of my knowledge in the Part-Time Commercial Lender Academy, which is available here: www.LoanMastermind.com/free
Hi, I am currently working on getting my MLO license and I was wondering if you are still looking to higher new loan officers. If so, what does your training program look like. I know I am several months away form being licensed, but I wanted to start gathering information on potential offices.
Thanks for the info. A friend of mine told me I'd make a great loan officer so I've been doing some research. Question: considering a background check and screening is necessary to obtain your Originator license, would a poor credit score harm my chances?
I am not a licensing expert, but I am pretty sure it's financial mismanagement that's more concerning than poor credit. A low fico by itself is not likely to stop you. Unfortunately, from my experience, you won't know until you apply to NMLS. Also, if you're just getting started, make sure yo check out my Academy here: www.LoanMastermind.com/free
All regulators will grant you a license (conditional/ custom ) through the NMLS with poor credit so as long as you have a payment plan in place with a debt consolidation company. An alternative is a bankruptcy most states will give you a conditional license as well, as youll be debt free and all judgements or lawsuits will be discharged ….. what theyre looking for is that you wont commit financial hardship to the public due to the pressure that bad credit can put on someone. Such as Judgement repos foreclosures liens collection calls etc…
I love your honesty! I’m a new MLO and need all the helpful advice I can get. Thank you! 😊
Good luck with everything! 💪
All the provided information is valuable and will assist me in advancing to the next stage. The guidelines are clear and helpful. Thank you.
Hi William! Thanks for the note. My career took off when I learned how to originate commercial and private money loans.
I packaged the last 10 years of my knowledge into a program that I developed, and I call it the Part-Time Commercial Lender Academy.
You can learn more here: www.LoanMastermind.com/free
This seems like good information and it matches with what I've heard on other channels. However, when I look at entry level MLO listings in my area, they seem to be at larger companies where you're tossed on a dialer or otherwise handed leads for refis. I'm wondering if this is typical for entering into the industry or if these types of places should be avoided. If they should be avoided, I'm guessing more reputable shops would be far less likely to take on someone with zero experience.
Thanks for the note! If I were a beginner, I would try to go somewhere where I can be exposed to as many transactions as possible. That said, becoming a part of a dialer system may not help you build your book of business, but it will hopefully expose you to many different lending scenarios.
Also, I would position myself as an expert in commercial and private money lending early in my career. If you've been watching my videos, I talk a lot about how this skillset has contributed significantly to my income.
I packaged 10 years of my knowledge in the Part-Time Commercial Lender Academy, which is available here: www.LoanMastermind.com/free
Hi, I am currently working on getting my MLO license and I was wondering if you are still looking to higher new loan officers. If so, what does your training program look like. I know I am several months away form being licensed, but I wanted to start gathering information on potential offices.
Hi Manuel. Are you looking to originate commercial or residential loans? Where about are you located?
@@ZeviMortgageAcademy I was thinking residential. Located in the San Fernando Valley.
Thanks for the info. A friend of mine told me I'd make a great loan officer so I've been doing some research. Question: considering a background check and screening is necessary to obtain your Originator license, would a poor credit score harm my chances?
I am not a licensing expert, but I am pretty sure it's financial mismanagement that's more concerning than poor credit. A low fico by itself is not likely to stop you. Unfortunately, from my experience, you won't know until you apply to NMLS.
Also, if you're just getting started, make sure yo check out my Academy here: www.LoanMastermind.com/free
Zevi must be busy, so I'll put in my 2 cents. No a low or poor credit score will not harm your chances. Best of luck to you sir.
All regulators will grant you a license (conditional/ custom ) through the NMLS with poor credit so as long as you have a payment plan in place with a debt consolidation company. An alternative is a bankruptcy most states will give you a conditional license as well, as youll be debt free and all judgements or lawsuits will be discharged ….. what theyre looking for is that you wont commit financial hardship to the public due to the pressure that bad credit can put on someone.
Such as Judgement repos foreclosures liens collection calls etc…