What do you like most and least about being a mortgage loan officer/broker?

A loan officer who work for a mortgage… Corporations in California can be in A loan officer who work for a mortgage broker license under Department of Corporation cloud be an Independent contractor (1099) or has to be employee?

Possible dealbreaker Well, loan officer didn't accept my bank statement printouts due to them not having my name, just account number. Now I have to resubmit balances and statements.I no longer have the 2k required for the…

What states do you NOT need a license… What states do you not need a license to be a Mortgage Broker or Loan officer?

As a career... Mortgage Loan officer… I have two opportunities and can't chose which one. I have interviewed and been hired at two firms.. one as a Mortgage Loan Officer and the other as a Financial Analyst. If I go with…

Is anyone an experienced loan officer… I am a mortgage loan officer that has 1 yr experience inside sales. Now I want to go outside sales and I am wondering that if it is better for the most part to be…

Can a loan officer be a mortgage broker? *** Is being a loan officer good enough to also be a mortgage broker or do you need a specific license to be a mortgage broker?

What is the max for a mortgage broker… And what is the max Commission to an institution may pay a loan officer? Someone I know says he's on a commission of 90%, but I think what the agent is left in control of…

What is the max commission a Mortgage… And what is the max commision a Branch can afford to pay a Loan Officer? Someone I know says he is on a 90% commision but I think after what the broker has to pay…

Random Questions

Dumb question…Mortgage newbie
I’m sorry if this is dumb… I’m hoping to purchase a home within the next year in the 250,000 – 275,000 range. I have spoken a little to A mortgage broker, and he started explaining …
What FICO model does CAPITAL ONE pull ??
When I apped for my Quicksilver1 and PLATINUM, they pulled my EXP FICO 08 .. Scores were only 581 then. I’m up to 641 (EXPERIAN) and climbing FAST, and want to app for Quicksilver and …
How much of an increase can I expect?
I am in the process of rebuilding my credit after my husband battled cancer and our finances plummeted. I am paying off two charge offs and one collection account and am lowering my utilization on …
Negotiating with creditors over the phone?
I keep reading that the best way to negotiate with creditors is by mail, but I’m currently out of the county and would like to start working on my credit for this year that I …
A few basic questions about direction…
Hi. I’ve been reading a lot of posts on this forum and articles elsewhere and have seen a lot of useful information but was hoping to clarify a few things. I currently have a thin-but-clean credit file and …

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I hear commercials about eliminating mortgage and debt in a few years. Any advise as to whether this is true?
Those gimmicks you see on slashing your… Have you ever known anyone who this worked for? I see/hear all these adds on eliminating your credit card debt by half if you qualify ($ 10,000 or …
Smoke and heat damage to electronics?
So my apt caught fire this morning, the fire appears to have been contained to a nearby room but there is a lot of smoke and heat damage to my room. My question is the …
Do you think that the builder of the mosque in NY might have a litle bit of a problem getting hazard insurance?
And without insurance no financing unless, of course, it is paid for in cash by the Taliban.Do you think that the builder of the… And without insurance no financing unless, of course, it is paid …
Can I get insurance on a home I build myself?
I live in Alabama. Thanks for any help.Can I get insurance on a home I build myself? I live in Alabama. Thanks for any help.Where can I get family health insurance… I will be quitting …
Can I deduct loan original fee?
Can I deduct tax for loan original charge on form hud1-box801(our origination charge)? I had loan company to refinance for me with bank last year. but 1098-box2(points paid) from bank did not show any amount. …

Random Topics

RJM Acquisitions PFD
Hey guys, * I just wanted to reach and ask a quick question. RJM accepted my PFD offer of a 50% settlement and says the debt will be PIF and the entries on EX and …
Approval for second home while first is rented
DH and I are currently renting a house while*we have my condo rented.* It has been rented out for 2 yrs and has a renewal for another year. My question is, *are banks offering* home …
If me and my partner let the bank reposses our home will we get a mortgage in the
future? We really dont like were it is located and cant get it sold or rented to anyone.Bought a 2nd home as investment-now… I have a home, then bought a 2nd home as investerment- now …
Want to increase my score
I’ve been reading the forum for awhile now and I’m not going to do any shorthand because it gets tricky then. * I looked at my fico score which is 620, but I want to …
What does a whole life insurance policy offer?
?What is The Best Life Insurance Policy? What is The Best Life Insurance Policy? I am Looking For the Best Life Insurance Policy We are having another child and I have to do something about …