Loan Officer

March 21, 2018
nmls state licensing

What You Don’t Know About NMLS State Licensing Changes

There are a lot of Americans. Over 325 million, according to the United States Census. And every one needs a place to live. Some choose to rent while others aspire to the American Dream – home ownership. In fact, the home ownership rate in the US was just over 64%…
December 15, 2017

Why Loan Officers Are So Cool

What is a Loan Officer? Think about the people you know – how many of them own a home, condo, cottage, or some other type of property? Chances are, quite a few of them do! Now think – aside from using a real estate agent and making an offer on…
July 6, 2017
how to get a home loan

Getting That Home Loan in Five Easy Steps

How to Get a Home Loan Unless you just won the lottery or inherited money from a long-lost relative, to buy your first home, you will need to get a home loan. Definition: Your mortgage is a loan that a mortgage lender gives to you to buy a home. That…
June 15, 2017
mortgage company

Are you working for the Right Mortgage Company?

When you are a loan officer, you want to recommend the best personal and business loans for your clients. Finding the right mortgage lender for your clients is not just about getting the best interest rate. You want to make sure that you work with experienced professionals who want more…
June 6, 2017
best mortgage lenders

Shamrock Financial – One of the Best Mortgage Lenders

Choosing One of the Best Mortgage Lenders If you have ever bought a home or are in the process of doing so, you know that you have a lot of boxes to check on your task list. You need to save up for that down payment, find the right real…
March 30, 2017
social media marketing

Social Media Marketing for Loan Officers: Measuring Effectiveness

The Impact of Social Media When you’re a loan officer, part of your work relies on creating, building, and maintaining relationships with clients and other professionals. And that means getting your message out there for all to read. For an all-encompassing marketing strategy, you probably rely on a variety of…
March 28, 2017
credit rating

Credit Rating Changes Means Good News for Consumers – July 2017

Here Comes Your Credit! Being approved for a mortgage is a great thing. Preparing your finances to get approved is another. On their end, mortgage lenders need to make sure that every borrower is a good credit risk. This means that the mortgage lender needs to be convinced that the…
June 10, 2016

How to Become a Loan Officer

When you need a loan for your home, car, or college tuition, you would talk with a loan officer to determine if you are an acceptable risk. In terms of buying a home, these professionals assist potential buyers in determining the right loan product for each client and inform them…
August 4, 2015

The Fine Print: How to Negotiate Your Loan Officer Employment Contract

After the resumes and the interviews, it finally happens – you get the job offer for a loan officer. You’re excited to sign on the dotted line, but not so fast. You need to take a long hard look at your employment contract.  An employment contract defines the obligations of…
June 9, 2015

New Bill Will Affect NMLS License Requirements for Loan Officers

In July of 2008, a federal law, known as the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act, was passed. The intent of this act was to ensure that state-licensed Mortgage Loan Originators (MLOs) met certain National Mortgage Licensing System (NMLS) requirements. These include: Passing a written test Completing…
April 2, 2015

Get Prepared: New NMLS License Code of Conduct

The Nationwide Mortgage Licensing System (NMLS) is the main governing system surrounding the management of licenses for individual Mortgage Loan Originators (MLO) and mortgage businesses for state and/or territorial agencies in the United States. The primary tasks of MLOs is to advise potential borrowers about the various mortgage loan products…
July 24, 2014

How To Create a Loan Officer Business Plan in 5 Easy Steps

High-producing loan officers don’t get to the top by accident. Successful loan officers have a formula for success which often includes a few simple disciplines repeated daily or DAS. (Daily Action Strategies) In addition, they have a road map they refer to frequently which leads them to the fruition of…
March 13, 2014

Delete the Words Past Client Marketing from Your Vocabulary

There are certain words and phrases in the English language that are not acceptable to use for a variety of reasons. The real estate industry is no exception. The words and phrases you use can have a subtle yet marked effect on your approach to sales. One such phrase is…
November 19, 2013

How to Stand Out and Say Thank You with Corporate Gifts

With the holiday season fast approaching, many businesses start to plan the corporate gifts that they will send to current clients, prospective clients, and suppliers. Not only is it a thoughtful way to thank them for their business, but it is a great marketing strategy to keep your business close…
February 12, 2013

7 Tips for Fixing Your Lousy LinkedIn Profile

The social media landscape is changing (I know, I know..more changes!) and having a presence online isn’t something to put off for a rainy day. Prospects and clients will look to the social networks for guidance on who to work with for their next purchase or refinance.