Any loan officers of mortgage brokers here?

[lukasbmw]

I was thinking I would peruse a career as a auto sales finance manager as it would combine my two loves (money and cars) and of course pay quite well. However I think I may look at the mortgage business as it would involve more RE which is another interest of mine.

[christophbmw]

dude. go into the mortage business! dont be a sales finacer. there is way more money in the mortage busines, and besides, you get to deal with RE....another big money maker. but on the other hand you wont get to deal with car's but youll make enough to buy any one you want :) .....i like RE also, its what im going into once i graduate.

[325 eta]

the test to get your license to sell RE pretty hard when i was getting my life, health and annuities this guy was taking his for the 5th time. but im taking my securities (series 6) test in the fall. and thats gonna be a bitch

[Jon325i]

My younger brother is in the mortgage brokerage field......works for a well established company here in town. Due to the current interest rates he's been swamped with first-time home buyers as well as those looking to re-finance to take advantage of the lower rates. This present climate has him working his tail off.....and some long days too. But his attitude is "get it while the gettin' is good" cause this wave of activity is due to subside at some point. When things slow down he will have to come up with some creative marketing ideas to lure in more business. Right now, business just shows up.

He's also fortunate that the company he works for offers a base salary + commission.....so he's not completely dependent on getting every deal to close.

Jon

[kansas-ix]

my boy in NYC is doing mortgage brokering. at
blsfunding.com
Justin Lippiner

[bimmerphile]

A friend of mine is 22, and is a loan officer. He completed a two-year program to get there. After doing so, it is kind of slow to start up (he's part of a firm, not exactly sure how it works), but it really becomes "who you know."


He just bought a CLK500 Coupe, brand new, off the lot. He is easily making 6 figures.