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Message
re: Had a Mortgage Company Interview Today
Posted on 9/22/14 at 5:21 pm to Mud_Till_May
Posted on 9/22/14 at 5:21 pm to Mud_Till_May
I haven't accepted the job I just wanted to find out if anyone on the OT did this for a living and could give me more insight. I wanted to see if the pay was comparable to their job.
1
Posted on 9/22/14 at 5:22 pm to Mud_Till_May
Yikes. I wouldn't do it.
Posted on 9/22/14 at 5:22 pm to Mud_Till_May
If you have to find your own leads it's going to be slim pickings for a while. Places to start are Realtors and house flippers who are turning them over quickly.
Posted on 9/22/14 at 5:23 pm to Mud_Till_May
quote:
You go to realtors and sell to them. They market the properties and you finance their sales.
You don't think realtors already have relationships with brokers? The odds of finding one ready to not only switch but switch to a guy with no experience are not good.
EDIT to answer your question above: $65k is probably about the average for this job. I had several friends doing it for a while and it sounds like a grind. Plus, there are incentives to screw over people by tricking them with crafty numbers games. So if that doesn't bother you it could be a decent gig. You will be hungry for a couple years I can almost guarantee it.
This post was edited on 9/22/14 at 5:27 pm
Posted on 9/22/14 at 5:25 pm to Mud_Till_May
quote:
I haven't accepted the job I just wanted to find out if anyone on the OT did this for a living and could give me more insight. I wanted to see if the pay was comparable to their job.
Its not the job for you unless you already have realtors lined up, I promise you that.
Posted on 9/22/14 at 5:26 pm to Robin Masters
I know realtors have previous relationships and that's another huge drawback. It's not looking fun so far.
Posted on 9/22/14 at 5:27 pm to Mud_Till_May
Mud
Don't do it
Don't do it
Posted on 9/22/14 at 5:29 pm to Mud_Till_May
I worked as a loan officer for 3 months. I had a set salary of $4000/mo., and on the 4th month I was supposed to switch to commission only. I quit though, because it was constant work to find new clients, and I needed guaranteed income. Some of the other officers would do like 6 loans one month, but would have none the following month. I just couldn't do that.
Posted on 9/22/14 at 5:29 pm to Fusaichi Pegasus
I think I'm just going to e-mail the guy back and say it's not worth it.
Posted on 9/22/14 at 5:30 pm to Mud_Till_May
That is wise.
Posted on 9/22/14 at 5:31 pm to lsu480
I've been looking for a better job. Last winter was hell and most of the guys went on unemployment. I'm not about that.
Posted on 9/22/14 at 5:33 pm to Mud_Till_May
Keep looking, if you are a hard worker you will be fine!
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