Posted by Anonymous on 4/4/06 8:53am Msg #110815
Signing up to become a loan closer
I am interested in signing up to become a loan closer. Can someone help me get started, or tell me what to do to get started. My boss is retiring, and I would love too do something like this, and stay home.
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Reply by Dorothy_MI on 4/4/06 11:22am Msg #110870
Read message 33325
As Carson City says, start with message 33325. This will make a very good starting point. However, just remember that just because you are not getting into the car every morning and driving to a job, does not mean you get to stay home. You will probably spend MORE time and miles in your car than you would working 9 - 5. And if you want to make a success of this business you will be working 40+ hours a week and in the beginning a lot of work and no income. Only you can decide if this is the life style you want. But remember it is NOT a JOB, but a business. There are NO benefits (at least not tangible ones), no health insurance, no paid holidays, no vacation time. Some people have said to me, "Oh you work for yourself, you can take off any time you want". My response is, "Yes, I can take as much time off as I want, it just costs me money!" The ones who are successful in this business are the ones who treat it like a business and not like a JOB. In a business, there are successes (or you don't stay in business), but there are also loses. Some times even, we DON'T get paid. There are con artists in this field just like any other and you must do due dilengence. Now dilengence does not mean guarantees. Just have to price yourself so that your fees not only cover your time and expenses but also have a built in loss factor. Every business has a loss factor and if you can not or are not willing to accept that, then try to find a regular job. Now having said all that I am posting beneath this what I do like about this business.
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