Posts Tagged ‘Officer’

Home Base Loan Officer Positions

April 6th, 2010

If you are a loan officer looking for a little more freedom and flexibility in your work day, you may want to consider a home base loan officer position.

Most mortgage broker shops will allow for you to work from home once they have trained you on their system and have acclimated you to their products and services.

Most mortgage companies, banks included, prefer for their mortgage representatives to work from home because it saves the company money in the way of office space.

Finding a home base loan officer position should not be too difficult if you are looking in the right places. Most loan officer positions that you see in want ads and on Yahoo’s hot jobs put work from home in their job description.

Working from home can have its challenges at times, so make sure it is the right choice for you.

For instance, I was a loan officer working for a mortgage company. After six months of learning the ropes in the office, I made the decision to work from home.

After working from my home base for about three months, I began to feel lonely. I began to miss the comradery that I once had with my fellow co-workers in the office.

I began to feel as though I were no longer a part of the rat race.

And although I was supplied with all of the necessary equipment to run a home based office, I still felt as though I was lacking in some of the resources a large office had to offer.

My advice to you would be this. If you decide to work from home, consider partnering with another loan officer to work with you. Obviously one that you like and trust, just so you have someone to bounce things off of, if nothing else.

Or, work from your home base on your own for a while to see how you like it. If you begin to feel that the environment is a little stagnant, than consider bringing in another loan officer to work with you.

In the end, if a home base loan officer position is what you want, than do it, it just may be the right fit for you. The beauty of the loan officer position is that many options are open to us, so if you don’t like the home atmosphere, go back to the office.

Mortgage Loan Officer Training Manual – The Essential Credit Office

March 2nd, 2010

If you run a mortgage loan office, you’ll know that it isn’t always the easiest of tasks, but the rewards can be great.

From time to time, you have to hire new mortgage loan officers to replace staff that have left, or if you’re expanding your business.

As you’re reading this, you’ve realized that you need to have properly trained mortgage loan officers on your hands.

You’ve probably also realized It’s not viable to get other members of your office to do the training as there’s no guarantee that all aspects will get covered. It may even be a case of your current loan officers deliberately not training your new employee correctly in order to have a competitive advantage within the office.

So one of your key problems is training each loan officer to the same standards.

There are a couple of approaches you could take.

1) Hire a fully qualified mortgage loan officer as a full time member of your staff to handle all aspects of training. You could then be sure that every new loan officer meets the same standards in terms of loan officer training.

2) Put each new employee on a recognized mortgage loan officer training program that can be followed through step by step.

Following one of these two courses will benefit you, and will also benefit your mortgage loan officers. However, the first option may not be a viable option if your business doesn’t warrant it. It can be expensive to hire a full time employee just for training purposes.

But whichever way you choose, before you begin hiring new loan officers, you will at some point have recognized the need to have a basic mortgage loan officer training manual. This will help each employee to know the fundamental information and requirements expected from them.

If you go for the second option, then a loan officer training course may either provide a standardized loan officer training manual that you can amend to your business needs, or there will be enough information provided that you will be able to quickly compile your own.

The standardized mortgage loan officer training manual provided with a mortgage loan officer training course may include sections like the following:

Credit Report Knowledge
Determining The Client’s Credit Worthiness
Seamless Transactions
Income and Debt Guidelines
Flood and Hazard Insurance

And so on…

These are just some of the sections you must include in your standardized mortgage loan officer training manual. And if you decide to buy one off the shelf and modify it, or if you want to put it together with his regular coach, it is important to you and all your mortgage loan officers that it was done correctly.

Pre Approved For Home Loan I Am To Close Soon Loan Officer Says It Looks Good But Has Togo To Underwriting?

February 6th, 2010

I was pre approved for a home loan sent in all info W2 stubs etc loan officer says it looks pretty good but need to be sent to underwriting. I am so afraid I can’t stop think of it.

How Should Be Responsible If The Loan Officer Did Not Have The Licenses?

January 2nd, 2010

to make the loan at the time it has give? neither the office had the licenses at the time the loan was given. Should be the lender who actually lend the money?

What Is The Best Way To Market Clients As A Loan Officer?

December 29th, 2009

I am a new loan officer and and so far i’m doing pretty good with clients, but for future referance if someone experienced can give me some advised on what is the best way to get new clients.