Loan Officer Questions - Posted by Charles
Posted by Charles on September 22, 2003 at 09:39:27:
I am interested in being a loan officer part-time while going to law school next year. Is being a loan officer a typical full-time job if you’re only working with a local mortgage broker, instead of a company?
I heard that the turnover rate for LO’s are pretty high, however, there are some that make a decent living from being in the field. Is there any advice that will benefit an LO in the long run?
I’ve been encouraged and discouraged about being an LO. I’ve received advice that doing it part-time is conceivable although I must keep in mind the turnover rate. I’ve also been told that being an LO is a full-time job and that it has its ups and downs (I asked them, what career doesn’t have its ups and downs).
What do you guys think? What’s your take on it?
Thanks in advance!