being a loan officer!… I have some questions?
I just got hired by a new company ( only about 10 years old) to be a loan officer. They pay a base salary plus commission I also don’t have to pay for my office space of phone usage. They will train me and they even agreed to work with my school schedule… I know loans aren’t as lucrative as they were a couple of years ago when everyone was trying to get in the business, but I’m a college student and could live nicely of the base salary and one to two loans a month. They also pay for the leads, and they do not use trigger leads so when you call someone you already have their information, and can tell them how much they are paying. The specialize in Re-fi and in helping people with low credit scores… so to all you loan officers and sales men, does this sound like a good opportunity
I have bee a Special Finance Manager for a car dealer for over 7-years and the sub-prime market is still very profitable.
Just be very careful and always follow their lending guidelines and you will be fine.
There will be times when you will be tempted to stretch the truth to put a deal together. Don’t do it. It, it will come back and bite you every time.
