Is becoming a mortgage loan officer a good career to get into?

If on commission, very Cyclical - good times are good, bad times are bad

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Is becoming a mortgage loan officer a good career to get into?

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It's quickly becoming a dead field. There are too many online mortgage loan originators out there. My BIL did it for several years and made good money, but he saw the writing on the wall. Also, the hours can suck.

Lots of the dumber people I know do this and actually do pretty well.

But they are all post-housing crisis. I'm sure the bad times are really bad.

i'm looking into jumping into it.

Some good dudes I know from HS are in this field and make half decent money for not having gotten particularly good degrees.

I don't think any of them make 140k, though, but they do well enough considering they didn't have an obvious field to go into and didn't have much of a resume to start with.

Worked for a company that had a mortgage officer that make 500k a year. Guy killed it. Knew a couple other younger guys that did it and could barely feed themselves.

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Pics?

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She's older and not that attractive

I did it for a few years back during the refi boom and made good money but absolutely hated it the whole time. The mortgage and underwriting processes can be pretty convoluted so it's not uncommon do a great job for people, work hard to help them out, give them a great rate, and they'll still be pissed at you at close. Not super gratifying. That and it's incredibly detail oriented. Lots of paperwork and if you forget a single thing it can blow the whole deal. It seems more streamlined and automated these days based on recent experiences as a buyer, but still.

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