I’m an asst to a mortgage broker but I want to become a MTG broker myself–any ideas on what I should do?
I live in California–and I have no contacts in this industry other then my boss. I wish to become a mortgage loan consultant but have no clue as to how to begin. I’m working on getting my license and will get it very soon—i see to get 90s on all my practice tests.
I’m scared because I’m not sure about the mortgage guidelines from lender’s or the many mortgage products out there. My biggest fear are actually dealing with the realtors–but I’m just 21 and have plenty of time to develop my business man skills—though I will not allow myself to become a fraudulent mortgage broker.
Why are you afraid of Realtors? They don’t know the mortgage business anymore than a brand new student would so they are a threat.
Some do come across as if they understand but you will be the first one they call when they don’t have the answer to their Buyers questions.
Have you originated loans? Have you processed loans? Next step is Loan Officer which if you are good with the process should be right up your alley. Have you been able to sit down with Buyers to help them understand their loan docs?
You don’t have to worry about bing a fraudulent mortgage broker as there are plenty out there enough to take care of all of us 10 times over.
Mortgage Credit Guidelines
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