How do Realtors choose Loan Officers?
955337
As a former Realtor I can tell you that I referred my clients to Loan Officers that had the best rates and also people who I knew were adept at getting things done.  I worked with a few loan officers that dropped the ball, or that I had to constantly call to get information instead of them keeping the client or me informed.  I chose not to work with them again if I could help it.  Realtors have a fiduciary relationship with their clients to do what is in their best interests.  Best rates are important, but also who will accomplish the task within the time frame and be easy for the clients to work with.  Each situation is different.  Also, fees vary a great deal from lender to lender and the client needs to be aware that the cost of doing business with one may be more than another, not just the interest rate on the mortgage or points.\n\nMy offices got daily quotes from several lenders (easy to fax now) and we knew those lenders really wanted our business.  I always tried to give my clients as much information about different lenders as I felt they needed to know - several of the best, but I never recommended a certain lender over the other.\n\nVisit Real Estate Offices and get to know the agents.  We all tend to do business more with people we know, if we can.  Make sure they know that you will really take care of their clients, tell them about any special programs your lending institution may have and assure them that you will always stay on top of things.\nThat is all anyone can ask.  I also had lenders that volunteered to give a class to clients that I was working with in order to inform them of current prices, trends, lending requirements.  Some of the agents did this.  It helped with first time buyers.  Be creative, there's a lot of competition out there.
747701
Depends on the person.  Two items that affect their income is volume (number of loans they close) and how aggressively they price their loans.  With the real estate market booming and the rates being so low the last three years, loan officers stood to make quite a bit (everyone was buying and refinancing).  Even inexperienced loan officers did well previously. When the market was hot, I saw good loan officers making around the $300,000 mark.  But now things have slowed sales wise and rates have risen (not as many refinances).  Some who made easy money previously have little to no pipeline now.  Its sales - you need to build a referral base and be persistent.  A good loan officer can still make over $100,000 per year.  It can be a tough business (just like any competitive commission sales career).
468806
Speak to a Loans Officer.  Any banking agent in Customer Service can assist you in speaking to the appropriate person.
624190
Find a broker in your area that you feel comfortable with and ask them if they need help.  They're always looking for people with enthusiasm.  You could start off as a telemarketer or assistant if you have no experience but most brokers would give you a shot if you show them you're really interested.  \n\nEducate yourself as much as you can.  There are tons of free websites and newsletters that will help you tremendously, just search for it.  \n\nCheck out my new blog for info on loan officers:  http://explaintome.blogspot.com
718223
A Realtor is licensed to represent a buyer or a seller in a transaction. He/she is only there to help and do all the paper work list the home and show homes. She has a responsibility to be true and loyal to their client or clients. However it is illegal for them to give any advice or make changes to the contracts that TREC (real estate commission) provides for them or they would be acting as an attorney. That is why we have Real Estate Attorneys, they are there to advice and make special changes to contracts if necessary. A Realtor cannot give legal advice as he is not an attorney.
1057457
The only way you can get access to MLS listings is through a Realtor. The MLS is funded by Realtors with the purpose of sharing information with other Realtors regarding available properties. This is how we service our clients. It sounds to me like you are not clear on what an agents role is. Let me explain:\n\nWhen you see a home for sale and you call the agent who's name is on the sign, that agent is working exclusively for the SELLER. Their job is to represent the sellers and protect the sellers interests only, not yours. You are on your own. Its up to you to make sure you are not over-paying, not to mention all the legal liabilities that go with it. In other words, you have nobody protecting your interests.\n\nNow, if you are thinking about buying a home and contact a Realtor who specializes in servicing buyers, they will be able to show you all the properties that are available within your criteria, check current market conditions to make sure you don't over-pay, and handle all of the legal aspects and make sure you are protected in the transaction. In most cases, the buyer's agents fee is paid for by the seller, so it costs you absolutely nothing. Doesn't it make sense to use a Realtor?\n\nIf you are concerned about an agent hounding or pressuring you, just let them know up-front that right now you just want to look and most Realtors would be happy to mail or e-mail MLS listings to you with no obligation.\n\nHope that answers your question and Good Luck!!\n\nBTW, Realtor.com does not have EVERY home listed in the MLS, just the ones where the real estate companies pay for that website.
428438
Let me assure you that NOT all REALTORS state they are number 1- Ask the various agents you interview, for a print out (probably from the local multiple listing service) of their sales and their agencies sales of the last several months - year, within your price range.  Ask for a marketing plan, where your home will be advertised, etc. - and if someone from their company will actually be there to show your home, rather than accessing via a lock box, with a sign-up sheet and stack of brochures.
919255
Why don't you just ask the realtor?
50309
Often the Sunday newspaper will have a real estate section, this will give you a variety of sources for lenders.\n\nOften the bigger lenders such as Washington Mutual, Countrywide will be in multiple states.\n\nA loan broker will have many sources.\n\nYou may want to try on line, such as http://www.Eloan.com as a source that you can do from your computer.
4009
Send me an email at DeanTruong@wlgdirect.com.  I will provide you with good guidelines (document) on how to become a loan officer with my company doing business in Wisconsin.
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.
86692
Before I can answer this, I need to differentiate between three types of professions that are confused with a 'Mortgage Broker'. 1) A Loan Officer is not a Mortgage Broker. Loan Officers may work for Brokers, and a Broker may originate loans as a loan officer. 2) Real Estate Agents are not Mortgage Brokers. Real Estate Agents facilitate the transaction between the buyer and the seller of a property. Mortgage brokers facilitate the transaction between the buyer and the lender. Real Estate Agents are not Mortgage Brokers. Mortgage Brokers may be Real Estate Agents. 3) A Mortgage Lender is not a Mortgage Broker. A Mortgage Lender underwrites a mortgage loan for an investor, then lends the money to the borrower for the purchase/refinance of a property. A Mortgage Broker brings borrowers to the Mortgage Lender.   Whew!\n\nMost states require a Mortgage Broker to have at least three years experience in the mortgage industry. Most states require you to be licensed, and to have a 'brick and mortar' office location in their state. One infamous state that doesn't is Colorado. Most people who become brokers started off as Loan Officers. Loan Officers generally work on commission and are the 'sales people' of the mortgage industry. They are the ones making the cold calls, doing the footwork and selling the loan products offered by the Mortgage Lenders.
479475
Realtors have access to foreclosures.
1127910
Depends...state specific question. Contact your local Association of Realtors.
1131419
try mortgage loan officer
311152
There is a terrific resource called "score" which has a local office. They can guide you. Their staff is mostly volunteer, and they are retired folks who assist people with aspirations like yours, perhaps even aligning you with a previous restaurant owner. Contact me if you need a real estate agent!
1055001
I tried there leads when i was a loan officer in CA, but they were really a B $hit leads. I think they sell same leads to multiple companies, thats why when i call them most of the customers were already under process of signing there closing.\nBut now i own my own telemarketing company and generate my own leads. I also sell those leads. If you want to give me a try write me at willclose4utoday@yahoo.com