I’m an asst to a mortgage broker but I want to become a MTG broker myself–any ideas on what I should do?

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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.

3 Comments
  1. Reply
    Flaco
    February 2, 2011 at 4:45 pm

    Well you’re heading the right way, taking the classes and junk. Honestly, I would talk to your boss, see if he can hire you as one of his loan officers to start off. You’re getting your foot in the door, which is great.

  2. Reply
    hollywoodmelody
    February 2, 2011 at 5:23 pm

    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.

  3. Reply
    secretsquirl
    February 2, 2011 at 5:26 pm

    Hi Alan,

    Thanks so much for the use of your photo — exactly what I was looking for! Used it for a blog post: wp.me/pzAm0-2w

    Great images!

    Colleen

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