Job Responsibilities
Develop relationships with Realtors (50%)
Create loan applications (10%)
Process loan applications (20%)
Respond to underwriting requirements (15%)
Accompany buyer to loan closing (5%)
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Job Requirements
Finance basics, complex mathmatics, Loan Officer training, sales training
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Uppers
Helping individuals realize the dream of owning their own home.
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Downers
Trying to coerice others to do their job. Working in an industry that has
more than its share of dis-reputable characters.
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Lifestyle
Must be available when the realtor and client can meet with you. Can be long
days and weekends. Great job for someone who hates mornings!
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Advice to Jobseekers
This is typically a 100% commissioned job. Larger companies may offer
a small base or draw against commissions.
Due to poor control of the industry, the government is going to continue to
create regs. Ultimately, the small broker will be driven from the market,
limiting the options for the prospective buyer.
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