If you are a new or existing loan officer check out my online store for loan officer training materials that will help you jumpstart your success! enriqueandgreatness.com/collections/all
I’m thinking about to get into this industry here in Texas where the state market is fierce I found this video easy to understand and truthful thank you
I thinking of starting this new career and new to the industry. I started as Loan Signing Agent which is leading me to this path. Any other suggestions to get started?
Most positions will be commissioned. Working like a bank like chase or Wells Fargo you will have salary and get much smaller commission. The exact numbers I don’t know when it comes to those banks but there is usually salary included
I was told I need to be first have a real estate agent license before becoming a loan officer is this correct? What is the process in becoming a loan officer in terms of classes to take etc. Thanks!
You don’t need a real estate license to become a loan officer. First step would be to complete your pre licensing education. I’m partnered up with LearnMortgage. They offer the pre licensing education and if you use code EnriqueLM20 you get 20% off. LearnMortgage.fastclass.com From there you would study for your exam and once you pass you can submit your application. I have a detailed video on my channel on the exact steps too.
Great question! I do not believe they will. However, I do believe that the way we do business will change a lot because of technology and the society’s evolving code of ethics.
Well to get sponsored you would need to look for a company to work for. I work with a direct lender. Once I was hired and had passed my NMLS exam they helped me with the sponsorship in regards to the steps I had to take to be sponsored. It does take some time but while my sponsorship was being processed I was going through my companies New Hire Training program which is really helpful. By the time the training program was over I was sponsored.
I was an assistant for 1 year prior to taking the test and then I became a direct lender. There are places that pay you salary but you get very little commission
Here's all you need to know. DON'T. It's the worst job I ever had. You're a glorified telemarketer. Few and far between will be able to make enough to even live off of.
If you are a new or existing loan officer check out my online store for loan officer training materials that will help you jumpstart your success! enriqueandgreatness.com/collections/all
I’m thinking about to get into this industry here in Texas where the state market is fierce
I found this video easy to understand and truthful thank you
Thank you!
Great content! 🙏🏻
Put in the work, put in the hours , and take what’s ours!
Some are Based + on commission. Independent Loan Officers are commission-based.
Thank you for this vid fam great content.
Thank you 🙏
Great info!!!!
I thinking of starting this new career and new to the industry. I started as Loan Signing Agent which is leading me to this path. Any other suggestions to get started?
I would really start working on your network, business skills, social media, and the real estate language.
A friend of mine has his brokerage. He told me to get my loan officer license so I can work for him. Is this correct?
good video
Thank You! More coming very soon!
When comes to commission is that being independent or working for a bank or company?
Most positions will be commissioned. Working like a bank like chase or Wells Fargo you will have salary and get much smaller commission. The exact numbers I don’t know when it comes to those banks but there is usually salary included
Thank you!
Welcome! Thanks for watching!
Some good stuff
I was told I need to be first have a real estate agent license before becoming a loan officer is this correct? What is the process in becoming a loan officer in terms of classes to take etc. Thanks!
You don’t need a real estate license to become a loan officer. First step would be to complete your pre licensing education. I’m partnered up with LearnMortgage. They offer the pre licensing education and if you use code EnriqueLM20 you get 20% off. LearnMortgage.fastclass.com
From there you would study for your exam and once you pass you can submit your application. I have a detailed video on my channel on the exact steps too.
@@EnriqueGreatness Hi Enrique is your code still active or is it too late to use it?
Yes! Still active. In descriptions of videos
Why not just do both Realtor and Loan Officer?
You could but from observation you sacrifice the customer experience and service. It’s definitely possible though
Enrique how can I get in contact with you?
Email in description
Experience is knowing how things work and knowing the product… this makes no sense.
You mentioned money spent. Can you elaborate? Do you spend on advertising?
Advertising, marketing, branding, courses, suits, networking events, seminars, etc.
Do you think Loan Officers will become obsolete?
Great question! I do not believe they will. However, I do believe that the way we do business will change a lot because of technology and the society’s evolving code of ethics.
👏👏 si tengo una licencua de MLO puede trabajar con diferentes lenders? o debo casarme con 1 obligatorio?
Depende con la compañía en que esta trabajando. Usualmente son varios bancos.
What’s the best way to get sponsored into the field?
Well to get sponsored you would need to look for a company to work for. I work with a direct lender. Once I was hired and had passed my NMLS exam they helped me with the sponsorship in regards to the steps I had to take to be sponsored. It does take some time but while my sponsorship was being processed I was going through my companies New Hire Training program which is really helpful. By the time the training program was over I was sponsored.
@@EnriqueGreatness what does sponsorship mean in your context
Sponsored means a mortgage company hangs your license at their company. Not the physical license though lol it’s just a phrase.
I was an assistant for 1 year prior to taking the test and then I became a direct lender. There are places that pay you salary but you get very little commission
Email me enrique@newworld-mtg.com
Here's all you need to know. DON'T. It's the worst job I ever had. You're a glorified telemarketer. Few and far between will be able to make enough to even live off of.