Why You Suck as a Loan Officer and Won't Make It | Ep. 452

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  • เผยแพร่เมื่อ 31 ก.ค. 2024
  • Ever wondered why some people crash and burn in this industry faster than you can say "foreclosure"?
    DO spills the beans on who's cut out for this career and who should probably stick to selling lemonade. From cops to teachers, find out who makes the cut and who's better off hiding in the bathroom for two hours a day.
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    00:00 Why Mortgage Sales Isn't for Everyone
    07:14 The Grind and Hustle of Mortgage Sales
    15:44 Who Thrives in Mortgage Sales?
    23:20 The Challenges and Rewards of the Industry
    31:03 Tips for Success and Industry Events

ความคิดเห็น • 39

  • @ItsKaylaAnne
    @ItsKaylaAnne 21 วันที่ผ่านมา +4

    Other professional to get into the mortgage industry is relationship banker. We do HELOCs already and partner with MLOs. I think being backed by a bank is beneficial to start because you have a guaranteed referral source.

  • @Loveyourmortgage
    @Loveyourmortgage 21 วันที่ผ่านมา +3

    Got into the industry December of 2021 right as rates started going up. I AM STILL HERE and making more money than I ever have. It’s very tough at times though.

  • @NamTranMTG
    @NamTranMTG 22 วันที่ผ่านมา +4

    Just passed my NMLS exam today DO and JC! Your podcasts are a great help. Thank you for your continued dedication.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  22 วันที่ผ่านมา

      Congrats! Make sure you check out what we have cooking on www.tloponline.com!

    • @kyleswrath
      @kyleswrath 22 วันที่ผ่านมา

      @@NamTranMTG What helped you passed? Any recommendations that I can do before mine at the end of July I take mine

    • @NamTranMTG
      @NamTranMTG 22 วันที่ผ่านมา +2

      @@kyleswrath I watched Claysmile and listen to DO's pods when driving or during down time

    • @kyleswrath
      @kyleswrath 22 วันที่ผ่านมา +1

      @@NamTranMTG Roger that thanks brother I’ll look them up

    • @kyleswrath
      @kyleswrath 22 วันที่ผ่านมา +1

      @@NamTranMTG what’s do’s pods?

  • @thenoobentrepreneur4493
    @thenoobentrepreneur4493 22 วันที่ผ่านมา +3

    Hold on Dustin ..🤔Cole “s story is so relatable for me. Tysm for this content🔥🔥🔥literally changing lives.❤️

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  22 วันที่ผ่านมา

      GOT YOU GURL!

    • @kyleswrath
      @kyleswrath 22 วันที่ผ่านมา +1

      What helped you passed? Any recommendations that I can do before mine at the end of July I take mine

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  22 วันที่ผ่านมา +1

      @@kyleswrath YES - MLO Study Buddy - tell them TLOP sent you. They are AMAZING! @mlostudybuddy

  • @aaronmcmanus2181
    @aaronmcmanus2181 22 วันที่ผ่านมา +1

    Car dealer finance managers and sales managers are a great hire!

  • @aznbspikey
    @aznbspikey 20 วันที่ผ่านมา +2

    What do you think of an accountant switching over? Im naturally extrovert but decided to become an accountant for cushy office job. Now i hate my job that im drilling down into the excel sheets.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  19 วันที่ผ่านมา +1

      Extroverts crush it - just have to be committed for at least 2 years.

    • @ericwilson2632
      @ericwilson2632 12 วันที่ผ่านมา

      😂🎉😂🎉 I love spread sheet I do accounting work/ tax preparer😂🎉
      I want to make more money...
      Have lots of people want to buy homes...

  • @kubeswoodworkandengraving2372
    @kubeswoodworkandengraving2372 22 วันที่ผ่านมา +2

    Do you think military members can transition well? Just retired and passed my MLO test.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  22 วันที่ผ่านมา +1

      💯

    • @tylerhuston9259
      @tylerhuston9259 21 วันที่ผ่านมา +3

      I am prior military. Love it in this industry

    • @tylerhuston9259
      @tylerhuston9259 21 วันที่ผ่านมา +4

      I will add had about 20 other military members join the industry when I did. Only 3 of us left and only two of us are actually producing. You got this just have to be motivated and dedicated.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  21 วันที่ผ่านมา

      1000000000%

    • @kubeswoodworkandengraving2372
      @kubeswoodworkandengraving2372 21 วันที่ผ่านมา

      @@tylerhuston9259 thank you for the advice and I look forward to jumping into the business with both feet.

  • @kata7742
    @kata7742 22 วันที่ผ่านมา +1

    Will transitioning from the hair/beauty industry be a good fit?

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  22 วันที่ผ่านมา

      For sure! You just have to stick with it and be dedicated!

    • @dustinowen1191
      @dustinowen1191 13 วันที่ผ่านมา

      It all depends. Are you a good problem solver? Are you great with 4th grade math? Do you enjoy personal finance? Are you money motivated? Do you enjoy helping others? Do you have a entrepreneurial spirit? Can you give it your ALL for 2+ years without giving up even when it is hard and you are not making good money? You need to answer "yes" to the above.

  • @gingerkilkus
    @gingerkilkus 10 วันที่ผ่านมา

    The average American is the foundation of this nation's economy, therefore if their money vanishes, unemployment will rise and the message "You have an unexpected month" will emerge. If you have a lot of student loans that are coming due, that money will run out very soon.

    • @fadhshf
      @fadhshf 10 วันที่ผ่านมา +2

      By then, a minimum of one cut Given that it will be discussed throughout the election, I think it happened in September. Given that it's a retirement issue, I think the FED will implement changes in September. If in September they don't make any cuts.

    • @hasede-lg9hj
      @hasede-lg9hj 10 วันที่ผ่านมา +2

      I have this much in a taxable brokerage account, this much in a standard IRA, this much in a bank account, and this much in an employer-sponsored 401(k) plan. At the moment, I have 30% in equities and 70% in bonds, or a similar allocation. Her contact information is Annette Marie Holt. Thus, when she responds to your initial meeting, which should be provided to you at no cost, you should have a very clear picture of your current condition.

  • @citystarproductions6703
    @citystarproductions6703 18 วันที่ผ่านมา

    Justy owens