Mortgage Brokers and Loan Officers
Are you looking for a new career? You may want to think about becoming a mortgage broker or loan officer, or sell useful products to the existing brokers and loan officers. If you type Mortgage Broker or Loan Officer in your search engine, you will find links to thousands and thousands of websites. This is because Mortgage Brokers and Loan Officers provide a much needed service to the public. They take applications for mortgage loans from prospective homebuyers, and help the buyers find the right loan. If you ever applied for a mortgage loan for the purchase of a home, you worked with a broker or loan officer. A mortgage broker works on his/her own bringing a borrower and lender together for the purpose of a mortgage loan.
Brokers are quite often real estate agents in addition to working as a mortgage broker. According to the Mortgage Bankers Association of America, there are approximately 40,000 mortgage brokers in the U. The mortgage loan officer is an employee of a mortgage company, bank, or other mortgage lending institution. The U.
Department of Labor reports that mortgage loan officers earned between $30,000 and $100,000 in 2005. However, highly motivated loan officers earn much more. There should be no shortage of business for mortgage brokers and loan officers as numerous real estate properties are bought and sold every day in the U. The mortgage broker, loan officer field is a lucrative, well respected field that thousands of people are now in or want to start. There are also many brokers and loan officers who are interested in enhancing their present business and knowledge. You can sell well respected items that really do sell and get paid up to 50% in commissions. Mortgage Broker Training provides banners and text links to make it easy for you. Click below to take a look at some of the products.