do you nead a degree to be a loan officer?
493366
It depends on the state in which you want to originate loans.  Here in Minnesota you are not required to have any formal training or licensing to work for a mortgage broker and originate loans.  If you want to own a mortgage company or you want to get paid as an independent contractor (if your broker allows it, mine does) you must apply and pay for a MN State Origination License.  Pay the fee and you are good to go
192699
Develop a relationship with a credit union.  Start building a savings and get to know the loan officer.  Make an appointment with a loan officer and ask them what it would take to get a loan with them.  They will tell you.
757395
That sounds a bit illegal to me, why would you want a degree you didn't earn?
654106
Yes U can get a loan from any bank -check out the main branch of any bank -lots of banks provide the student loans.
133930
There isn't such a thing.  I would suggest you find out what the correct name of the degree you are looking to attain and go from there.
254797
If you want the best of both worlds being a loan officer and working indendently.  Use a company like World Leadership Grou/ Global Equity Lending. I work with them and do loans in your state as well as about 27 others.  Commissions of $20,000 month not uncommon.  $300,000 month also possible.  I've seen it.  www.counselofleaders.com
882517
With a BA degree there are many places that will allow you to work in the schools while you are earning your Masters in teaching.  This is especially applicable in schools and districts where there is a teacher shortage.\n\nThe following is a link to a document regarding having Stafford loans forgiven, but it might give you some ideas about where you could look for districts that offer non-traditional paths towards licensing.\n\nhttp://www.ed.gov/about/offices/list/ope/pol/tsa.pdf
1024609
In most cases, you don't need special education or background.  However, previous experience in sales, finance or real estate help.  I would suggest you look for an online or attendee type seminar.  If you research it, you'll find several.  In some states you may be required to obtain a mortgage loan officer license.  You can usually contact the Department of Real Estate in your state for that confirmation.  Many mortgage brokers and lenders will hire inexperienced loan officers and offer them a significant amount of training, however be aware that most do NOT offer a salary.  This is a commission based industry and most companies require you to work without compensation until you produce your own loans.  That can mean 2, 3, or 4 months without an income.  It's tough and there's a lot of turn over in the industry as a result of that issue.  If you have some experience in sales, finance or real estate...some lenders, like Countrywide and Wells Fargo as an example may hire you and give you the training AND pay you a small guaranteed salary for a period of time until you are on your feet.\n\nGood luck.!
328185
I am a mortgage broker in Florida and would be happy to assist you.  It is possible to qualify for a "no doc" loan that does not include any information about your income or employment.  Your credit score determines your ability to qualify for this type of loan.  If you would like more specific information- let me know.
838707
A mortgage broker is an independent loan officer who works with wholesale lenders.  He originates loans and shops them to various lenders for borrowers whereas a mortgage banker originates loans for the bank by which he is employed.\n\nBeing a loan officer is a challenging position that requires excellent listening, communication, and analytical skills.  It also requires great attention to detail and research skills.  \n\nBecause no two loans are the same, it is not a position for those who do not deal well with infinite variety.  The best training is received at large lending institutions.  They won't pay the highest but they'll train you to the teeth.  Once you are trained you have a much higher chance of surviving as a mortgage broker.
158886
Go to any mortgage broker an tell them you want to do a No Doc or Nina loan.  This loan requires no verifcation of assets or employment.  In fact, there are lenders that will do up to 95% financing with for a NINA/No Doc loan
849569
A loan officer job is a commissioned position. If they don't sell and close the loan, then they don't get paid. They have to find potential borrowers through advertising, word of mouth or whatever it takes. They have to sell their loan products to their customers, find a loan program that fits their clients needs, credit and income qualifications.It is a very competitve market and they have to know the industry, their products and be very good at sales. If they are good, they can  make very good money, if they aren't good, then they starve.\n\nA  loan processor can work for a broker or a lender. A processor that works for a broker, basically does the grunt work for the loan officer. They order appraisals, titles, verifications, clear stips from the lender and works with the loan officer to get the loan closed as quickly as possible....Most brokers will have one, maybe two processors to take care of all of the loan officers. If it is a large broker shop, they might have more processors. Depending on what part of the country you live in, a processor with no certification or experience, would probably start out making from $18,000 to $21,000 a year plus a small monthly bonus. Hopefully they will have medical insurance and one, maybe two weeks vacation. In a broker shop, if business slow down or the economy gets bad, the processor is the first to be laid off, because they are the only one getting paid a salary.\n\nA processor that works for a lender is basically a Jr. Loan Underwriter. They review the loan packages that the broker shops send in. They review the appraisals, title work, credit, income and so on. Processing for a lender, is actually easier, because even though you have a lot more loans to work on, you don't have to do as much work as a busy broker processor. It is harder in the sence that you have to have more knowledge of all the different compliance laws and all the banking laws in the different states that you do loans in. You have to take updated training classes. You also have to process a certain number of loans every day to keep your job.... The lender I work for starts inexperienced processors out at around $27,000 plus bonuses, full medical, dental, vision and life insurance,free  401K, 1 month paid vacation, discounts on legal help,cell phones, computers and other little employee perks. Of course, an experienced processor makes much more. I make close to $50,000 a year, which isn't great, but for my part of the country, it isn't bad for someone without a college education.... A couple more good things about a lender, is you can advance your career, working for a broker, there is really nothing to advance to. Also, you have more job security with a lender.\n\nThese are just shortened job descriptions. There is a lot more to it, just too much to type. They are high pressure jobs and not for people who can't handle stress!!!\n\nI hope this answers some of your questions.
546226
They sell you a degree for money, but the degree has no real validity. You might be able to get a job with it, since some employers won't check, but when they find out what kind of degree it is, they won't respect you, and you can forget about any kind of future in that company.\n\nIt's mostly a scam. Think about it - would you hire someone for a job that required college, if you knew they had that kind of degree?
1186008
I am in college currently and owe alot also in loans. But, that aside in most ways yes it's a waste of time. I haven't learned anything new really but it's a way for someone to get money and another one to discriminate against another really. I could do many jobs without a a degree but to do them they require that sheet of paper.So, I guess if I get more and can actually get a job in my field. I also look at the fact that I can learn something and pass it on to help others in life as life is a learning experience.
1048803
I agree, the answer depends.  My opinion is this.  I have a bachelors in Finance.  I graduated top of my class.  I've been recruited by tons of insurance companies and banks for sales jobs.  If you are in finance, please dont settle for sales.  Anybody, thats right, anybody can sell.  I have friends who work for banks and insurance companies as mortgage officers or in some sales related position that have degrees in chemistry and health science.  If you talk to sales recruiters they will tell you themselves that they arent looking for any particular degree holder.  If you have a finance degree, take advantage of it.
589992
learn how to spell first, then apply. They don't give business loans to people if they can't even use spell the word loan. Sorry
248558
No, you don't need a degree. I know high school students who do tutoring. You have to know a subject well and know how to teach it and how to relate to others who are struggling with the subject.