Why You Suck as a Loan Officer and Won't Make It | Ep. 452
ฝัง
- 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
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.
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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.
BIG FACTS BIGGER RACKS
Yessir! Love this.
Just passed my NMLS exam today DO and JC! Your podcasts are a great help. Thank you for your continued dedication.
Congrats! Make sure you check out what we have cooking on www.tloponline.com!
@@NamTranMTG What helped you passed? Any recommendations that I can do before mine at the end of July I take mine
@@kyleswrath I watched Claysmile and listen to DO's pods when driving or during down time
@@NamTranMTG Roger that thanks brother I’ll look them up
@@NamTranMTG what’s do’s pods?
Hold on Dustin ..🤔Cole “s story is so relatable for me. Tysm for this content🔥🔥🔥literally changing lives.❤️
GOT YOU GURL!
What helped you passed? Any recommendations that I can do before mine at the end of July I take mine
@@kyleswrath YES - MLO Study Buddy - tell them TLOP sent you. They are AMAZING! @mlostudybuddy
Car dealer finance managers and sales managers are a great hire!
Yes. The are!
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.
Extroverts crush it - just have to be committed for at least 2 years.
😂🎉😂🎉 I love spread sheet I do accounting work/ tax preparer😂🎉
I want to make more money...
Have lots of people want to buy homes...
Do you think military members can transition well? Just retired and passed my MLO test.
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I am prior military. Love it in this industry
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.
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@@tylerhuston9259 thank you for the advice and I look forward to jumping into the business with both feet.
Will transitioning from the hair/beauty industry be a good fit?
For sure! You just have to stick with it and be dedicated!
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.
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.
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.
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.
Justy owens
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