What do you like most and least about being a mortgage loan officer/broker?

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  1. Reply
    Cynthia L
    May 16, 2011 at 3:09 am

    I love being able to match people to a suitable loan.
    I dislike these young hotshots who put everyone on an A.R.M. loan. I had two widows on social security come to me recently that are going to lose their homes because some big shot kid put them on adjustable arms. I cannot help them, but I did check and both hot shots are no longer in the business.

    One of the young hotshots was the ladies own son.

  2. Reply
    May 16, 2011 at 4:01 am

    I like helping people finance their first homes and educating them on the home buying process. Anyone who is in the industry or who has bought a home knows what I mean. For those of you who don’t, it can be the single most confusing purchase you will ever make (if you don’t have a good broker explaining things to you). More things go into the purchase of a home than anything else (ok, except commerical purchases….but I digress….). I don’t like surprises at my closings and strive to avoid them at all costs. This means my clients know what happened, what is happening, and what will happen throughout the process.

    What I like the least? Hearing about the useless, greedy, and often ignorant loan officers out there who scam people. If you don’t understand what your loan officer is telling you – and he/she can’t or won’t explain it to you – go to a different loan officer.

  3. Reply
    May 16, 2011 at 4:32 am

    I love the endless variety. I love the feeling of satisfaction I feel helping people make their dreams of home ownership come true. I love the interaction with all of the people who deal with all of the puzzle pieces that make up a mortgage loan. I love figuring it all out so that it makes sense for my borrower and knowing that I have empowered them to make informed choices. I love that my earning potential is limited only by how hard I am willing to work.

    I hate being lumped in the same group as those unethical and uncaring few who prey upon the consumer for their own financial gain. I hate it when the media misleads the public with inaccurate or sensational “sound bites”.

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