How can be a loan officer?

Question

I would like to get good training and I dont where to start?

Answer 1

Any sales position has pretty high turnover. Go on monster.com or any other job service, Craigslist, or just open the newspaper. There are plenty of people advertising. Stick to those with ads, because there are plenty of them, and also because these firms tend to recruit fresh people to train. You're not going to make much at first. Also, it's helpful to have decent knowledge of the real estate and loan markets, and since you'll be working with a lot of realtors anyway, get to know a few. Realtors and loan officers work together very closely and share a lot of marketing efforts

Answer 2

There is a Nationwide company that I found that has offices in almost all states. You can get full training and work as broker under their license. For the right hard working/learning individual they are willing to open office in other areas.
Gives you hands on experience and a chance to make money as you learn without the heavy cost of license fees and without the internship requirements.

There are a few options for you as listed in the other answers from other members. Depends on your needs and resources.
You just have to decide what avenue you want.
College or an entry level customer service position within a company that will allow you to advance to loan officer with a bank or something similar. On the job training starting as broker with a company like I researched.
All your choices you will have to plan to spend time learning but the least amount of time to actually performing the work is probably going with a company like this nationwide one where you work and learn.
Traditionally you have to go to:
Mortgage School---
Pay application fee with state
Continuing education
Usually there is no industry training
Usually you are only licensed in one state
Usually Very hard to find a place to hang your license before you can go out on your own.
You just have to decide which road you want to travel and research from that point.

Hope this helps

Answer 3

The first thing you need to do is get your BS degree, preferably your MBA. If you are enrolled in college, many banks have co-op programs where they pay for your education while giving you on the job work experience in the bank. You will probably do a number of tasks until you get your education. When you become a senior in college, there are also opportunities to do an internship. This is where you spend a specified number of hours working for a company without pay. These internships can often turn into job offers after graduation. If you decide to pursue your MBA it will greatly enhance your opportunities for advancement and higher compensation. You will probably want to pursue a degree in business with a concentration in either finance or accounting. One other thing to consider is getting a job for a finance company. It will be good work experience and could help you to move into banking, if that is what you choose to do.

Answer 4

I have a friend who did this -- he actually wound up making good money with a good company. I'd find a larger company in your area who provides loans -- car, home, etc. and try to get an entry level position in their customer service center. Usually, people who work within their centers work their way up through internal training programs -- they work from customer service to team leaders, etc. and then work their way into the loan officer positions.

I'd ask, when you apply for these organizations, if they have internal training and movement into loan officer positions. Ask to talk to these people during the interview process to get their insights. Good luck.

Answer 5

Start with an entry level job at a bank. They will probably pay for the training as well as telling you what training you need.