Any loan officers out there?

[hardrock]

Any loan officers(mortgage) out there?

I have an opportunity to get in with a company that offers paid training (though not much), and a loan officer position after about 2 months. It is with a mortgage company.

I am wondering a few things about the job, as they are very vague. How many hours a week training did you go through. What does the job consist of once hired on. Is it purely cold calling, or do they give you prospects? What kind of money can I expect to make? Is it even worth my time? Do you like your job? How many hours once hired on? Bennefits? I'm sure I have many more.

 

[notoriousQQ]

I'd expect that a lot of these questions could be answered or should be answered by the company. Ask around to talk with some of their current employees.

Right now is an excellent time to bein the mortgage business but I would be weary of going to work for a new or start up company. Is it salary or straight commission? Who are your funding sources going to be, who will be underwriiting or who would you be brokering your transactions too. I'd want to look at the company's financial statements if they had not been around and had a name that was reputable and I was familiar with. Ask them where there money comes from, about their past years, ownership of the company, financial stability, volume all that shit.

It seems to me like you would be a glorified telemarketer from your description - in particular saying it was vague. Just my .02.