Hi, i also been thinking bout geting into mortgage industry. I was told being that i own my own credit repair business i should connect with a broker.. Do you have any reconmmendations?? by jrmfinancial3850 from , New York. Jan 10th 2014
No specific recommendations, but some employers might see offering both services as a conflict of interest. Broker arrangements are likely to be the most flexible is my guess. My observation is that most people do better if they focus on one business rather than splitting their attention between more than one. Good luck.
It's unlikely any bank or credit union would hire someone with no experience, so your best bet is with a broker, and preferable one that offers training, support and leads.. as far as applying your credit repair skills, so long as your not charging a fee, you should be ok.. if your offering the service as a credit restoration specialist, and also doing their loan, it would be a conflict, and most brokers would not allow you to do it.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Feel free to contact me to discuss any questions. I am happy to help and also happen to be hiring.
A good place to start is with the National Association of Mortgage Professionals. www.NAMB.org. Look to your state affiliate for information on joining the industry. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
It is fairly easy to get hired as an unlicensed bank application clerk (bank Loan officer). It is much harder to be successful. To make real money, you can't work at a bank. Non-bank Loan Officers have to be licensed... So today, most newbies cut their teeth at a bank, then after deciding if they like it or not, and if they think they can be successful - go through the licensing process so they can work at the much better paying non-bank lenders. Good luck...
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