Setting up your small business as an independent mortgage broker is no small feat. And to be successful, you need to lay some groundwork before you can start taking on clients. While it can seem overwhelming at first, we’re here to help you every step of the way. Let’s take a look at some of the first steps you’ll need to take to get your business up and running.
Read MoreSwitching from retail lending to becoming an independent mortgage professional is one of the smartest moves you can make for your career. And seeking out an experienced mentor in wholesale is a way to push your professional development even further and separate yourself from the pack.
Read MoreJoining the wholesale mortgage industry can be a promising career path that offers flexibility, unlimited earning potential and growth. And, as a military veteran, you can transfer many of the unique skillsets you obtained during your service over into a long-term career — specifically, your high level of integrity, dedication to service and work ethic make you the perfect candidate for a role as an independent mortgage professional.
Read MoreAs an independent mortgage professional, you’re the go-to resource for your clients when it comes to financing their home, whether it’s before, during or after the term of the loan itself. Obtaining a mortgage is an extremely complex and sometimes daunting process for your clients, and they’re going to lean on you heavily to ensure they’re making the best decisions for their financial situation.
Read MoreThe mortgage industry has been incredibly strong over the past couple of years, and the need for staffing is at an all-time high. This includes a wide array of entry-level mortgage jobs such as loan officers, loan officer assistants and loan processors, particularly on the wholesale side of the industry with mortgage brokerages.
Read MorePress coverage isn’t just for large, well-known corporations. In fact, there is an abundance of opportunities independent mortgage broker shops can take advantage of when it comes to local media, specifically. In general, there are two areas you’ll want to consider – earned opportunities, where there are no dollars behind the story, and paid opportunities, where you’re putting money behind assets such as advertorials or sponsored segments.
Read MoreWith home purchase season in full swing, now’s a great time for independent mortgage brokers to show off their unique value to consumers across the nation. And while the housing market continues to thrive, high demand and low inventory are resulting in increased competition. However, it’s important to keep in mind that while the market may be competitive, the wholesale mortgage broker channel is in a strong position to succeed, especially in a purchase market.
Read MoreOne of the best perks of being a loan officer or independent mortgage broker is helping clients get into their dream homes. However, sometimes this has to be put on hold if a client doesn’t meet the qualifications needed to get a home loan.
Read MoreAs a loan officer or originator, there are a variety of loan products you’ll be working with daily. It’s up to you to understand each and provide your clients with the best loan options for their financial situation. When determining the best type of loan for your client, there’s a lot to take into consideration, such as credit score, debt, down payment, loan term, location and more.
Read MoreWith more loan applications and prospective homebuyers filling up your pipeline, broker shops need quality loan officers to join their team and keep up with the demand. Between hunting down candidates to interview and making sure they’re the best fit for the role and your team, finding the best talent for your broker shop can be daunting.
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