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#156269 - 07/17/07 11:46 PM how can i start in the mortgage business?
andrewman Offline
Junior Member

Registered: 07/17/07
Posts: 4
Loc: Michigan
I am a Real Estate Broker in Michigan and i want to also be able to offer my clients Mortgages. any ideas?

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#156333 - 07/18/07 10:12 AM Re: how can i start in the mortgage business? [Re: andrewman]
adamhill Offline
Member

Registered: 06/13/07
Posts: 31
Loc: Corbin KY
Find a good reputable broker and sign up with them as a loan officer, I don't know how MI is but most states require LO experience before they will give you a brokers license. Very little education required in most states, but make sure you can get with a broker that will work with you because it isn't like RE. In a RE transaction there isn't but about 15 documents to get signed (guess) states vary, mortgages can be up to 60 depending on the loan.

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#159815 - 08/01/07 10:14 PM Re: how can i start in the mortgage business? [Re: adamhill]
Mr Pruden Offline
Member

Registered: 08/01/07
Posts: 10
Loc: FL ORLANDO
JOIN THE WINNING TEAM. WE START YOU OFF AT 50% SPLITS! WE DO ALL YOUR PROCESSING ON YOUR FILES AND HELP YOU PICK THE BEST PROGRAM FOR YOUR CLIENTS WHEN YOU NEED A HAND. THE NL OF FL BEEN HERE OVER 22 YEARS AND GOING STRON FOR MORE INFORMATION CALL DOUG PRUDEN AT 1(866)445-8579 MONDAY THRU FIRDAY FROM 7AM TO 8 PM EATERN WILL BE HAPPY TO EXPLAIN WHAT WE DO. A CORRESPONDENT LENDER

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#159824 - 08/01/07 10:33 PM Re: how can i start in the mortgage business? [Re: Mr Pruden]
SDmortgagepro Offline
Member

Registered: 12/19/05
Posts: 200
Loc: San Diego, CA
 Originally Posted By: Mr Pruden
JOIN THE WINNING TEAM. WE START YOU OFF AT 50% SPLITS! WE DO ALL YOUR PROCESSING ON YOUR FILES AND HELP YOU PICK THE BEST PROGRAM FOR YOUR CLIENTS WHEN YOU NEED A HAND. THE NL OF FL BEEN HERE OVER 22 YEARS AND GOING STRON FOR MORE INFORMATION CALL DOUG PRUDEN AT 1(866)445-8579 MONDAY THRU FIRDAY FROM 7AM TO 8 PM EATERN WILL BE HAPPY TO EXPLAIN WHAT WE DO. A CORRESPONDENT LENDER



You can decide how bad you would want to work with someone who has not discovered the operational features of the "shift" and "Caps lock" keys.

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#160090 - 08/02/07 09:48 PM Re: how can i start in the mortgage business? [Re: andrewman]
EquitySecurity Offline
Member

Registered: 08/02/07
Posts: 13
Loc: US
My best advice to you is to sit down one day at you computer an just do extensive research. There are a lot of companies out there that promise you the world and can not deliver. These companies tell you they will give you this and that but never do. As well many companies are going under and not performing the way you would like them to.

From experience I have started along time ago with a company and it did not work out to good. As the search grew I realized that there was not many companies that I could trust. I finally met up with a few individuals and we had started our own mortgage bank and have been successful for the past 15 years and are currently licesenced in all 50 states and do offer branch and loan officer set up.

Too many individual learn with their own mistakes. My best advice is to use the mistakes of others and do extensive research. You want the best backbone for yourself. You are only as good as the people who surround yourself. If you have a strong backbone than you are bound to grow.

I do not mind giving you advice. So feel free to ask me any question that you may have.


---------------
Paul S.
Equity Security
Office: (718) 715-4110
Fax: (718) 987-1098
Email: equitysecurity@gmail.com

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