Showing posts with label gatherings. Show all posts
Showing posts with label gatherings. Show all posts
Tuesday, September 15, 2015
How to Become a Loan Officer
Take courses at the local colleges or universities for degrees in finance, economics or a related field. To work in banks and move up the career ladder, institutions look for degreed applicants first. If not able to get a degree, start working in the field and educate yourself on the lingo and processes. This will take much longer, and you will eventually hit a ceiling where you will need a degree.
Market yourself. Go to dinners, parties and gatherings with your business cards. Your child's school activities and extracurricular sports all have parents who may be looking for a loan now or in the near future. Don't be pushy, and don't get offended when you find your cards in the couch cushions; they may have a loan officer in the family.
Take technology-based courses to keep up with the growing need to be computer literate. This will be a huge plus on your resume since the field needs fewer loan officers due to the growing ease of finding loans on the Internet.
Be open, friendly and honest with all the potential customers and real estate contacts you make, even if you don't like the person. Word of mouth and day-to-day contacts can bring you business.
Join a team or office that consists of real estate agents, a mortgage broker and loan processors. This group of people will all be interdependent on each other to make sales and money. You may have to share your fees, but it will get your name in business circles and educate you on the processes that each person does.
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