Mortgage loan originator - Before you even decide to be a mortgage professional, check out the industry first. Success is not just learned, but earned:
talk to those in the industry to see what has been happening in the industry and state of the market;
visit some lenders and some mortgage brokers in your area. Let them know you are thinking about getting into the industry and would appreciate some tips;
ask about, and the payment, schedule and lead source you were employed by their company;
get the highs and lows of other Loan Originators that have been in the field for a while as well as beginners;
talk to Realtors and people at title companies;
check out the mortgage resources on the Internet.
Once you have investigated the field and still interested in becoming a mortgage professional, it is time to determine what you need to do get into the profession. I believe that the new law states that all Loan Originators must be state licensed. Please contact your local industry or agency that handles mortgage licensing in your state and find out the requirements. If additional courses need to be taken, which I don’t think they do, but if need be, take those. If a test must be passed, then do that. Once you have your license, you are in the industry. Now all you need is a job. If you liked any of the companies you talked with before, go there first. If not, check out the classifieds in the newspaper, send out resumes on the internet and check with all banks, credit unions and brokers for ground level-foot in the door opportunity.
Mortgage loan originators are always in demand. You should have no problem finding a job. Then, all you need to do is implement the techniques taught in this manual and you are on your way to a successful career as a mortgage loan originator [14, 9].