Posted by Becky/KS on 4/20/05 1:04pm
Msg #32892

Loan Originators

I have been contempleting becoming a loan originator. Any words of wisdom from experienced officers? TIA

Reply by Christina Dudaklian on 4/20/05 2:07pm
Msg #32913

if that means the same as a loan officer, then yes!!!! go for it!!!! there's a lot of money with loans no matter how you're dealing with them, whether if you're the loan officer, processor, notary, bank, etc....... but if that doesnt mean the same as a loan officer then i'm sorry, im not sure... :(

Reply by Brijoe_WA on 4/20/05 2:32pm
Msg #32922

All I can say is good luck to you. I was a Loan Officer for 6 yrs before I went full time with my notary business. I was lucky enough to ride the wave of the refi boom, and I did very very well. However, I dont know about your market, but where I am at the refi's have really decreased. You really need to have some good contacts like realators, builders, etc these days. The hardest part I have found is all the vetran realators that produce already have their "mortgage guy" and have no intereste in changing. There are alot of "kickbacks" witch the loan officer give to the realators, which is illegal but it happens ALOT, so you have that to compete with that as well. I got tired of the political nonsense and am now using my mortgage contacts to hopefully market my closing services.

Reply by Becky on 4/20/05 6:43pm
Msg #32980

Thanks for your response....n/m

Reply by Allison/mi on 4/21/05 7:23am
Msg #33072

Becky go for it, I think I am too

Beck, I too am looking to get into loan origination. Email me and I can give you some information that I've obtained.

Thanks
Allison
Michigan Certified Notary Signing Agent
[e-mail address]