how do you become a loan originator?
2007-01-12 06:19:49 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It is the same as a mortgage broker.
I think it is best to start this career choice as an "in house rep" That means that you work directly for one lender/bank/mtg co.
Good luck
2007-01-12 06:24:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Mortgage Loan Originators can come from just about anywhere - but, almost all companies require at least a high school diploma, and no criminal background.
Just knock on doors and watch the paper and on-line ads. Many companies will hire anyone who breathes, as they pay commission only and know that over 90% fail in this business within a very short period of time.
If you want to know how to enter successfully, that is another question, but requires a lengthy response.
2007-01-12 06:39:04 · answer #2 · answered by walkinandrockin 3 · 0⤊ 0⤋
same as the different corporation, you could declare costs that have a company purpose while you're utilising your abode, the section you utilize must be unique to the corporation, you prefer a committed telephone line for the corporation, ditto for internet connection, you could not confirm how a great number of your very own telephone or internet is corporation correct, as a result you prefer a line for the corporation you in all danger could have place of work aspects, you have licenses, you have some costs you would be able to pay for leads, etc do not use your very own mastercard for the corporation as for the quantity of using your abode that's % the area is on the finished, ie in case your area is one hundred squarefeet of a 1000 squarefeet place of residing, 10% could be deductible of the hire, utiliites, maintenance, etc. specifics? honestly a mastercard purely lists the quantity paid it does not checklist what the charge is form,merely like a financial company assertion purely has quantities, perhaps payees yet who's responsive to what the charge exchange into for? you do
2016-10-19 21:15:12 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I am one. I got online training and work under a state broker. I also train people in person all around the country. We need to talk. If you don't have a criminal back ground, I could use you and you can get paid while you learn. You also have to be 18 or older.
2007-01-12 06:29:21 · answer #4 · answered by northville 5 · 0⤊ 0⤋
By originating loans.... and closing them.....
lol
2007-01-12 06:24:33 · answer #5 · answered by Sergio S 2 · 0⤊ 0⤋
In california you can get a RE license or go to work for a big lender.
2007-01-12 06:43:10 · answer #6 · answered by RE Broker 1 · 0⤊ 0⤋