Are you an aspiring loan officer looking to make a name for yourself? Selling loans is no easy feat, but with the right strategies and techniques, you can become a successful salesperson in no time. Here are six tips for loan officers to boost sales. #1: Learn Your Product Inside and Out The first step in boosting your sales as a loan officer is to learn your product inside and out. This means that you should know the details of the loan process, including the different types of loan products available, what they entail, and how they differ. You should…
January 26, 2023
Being a mortgage loan officer is an exciting opportunity to help people buy their dream homes. It’s also a great way to make a good living for yourself. But, before you set out on this career path, creating a business plan for a mortgage loan officer is essential to lay the foundation for your success. Here are some tips for creating a business plan built for success. Do Your Research & Know Your Market Before becoming a mortgage loan officer, you must do some market research to understand the industry and the competition in your area. Understanding the current economic…
January 26, 2023
Reverse mortgages are becoming more and more popular. Many people choose to go this route to help supplement their retirement savings. This article will go over the basics of reverse mortgages to help you decide if it’s an excellent financial vehicle for you. What is a Reverse Mortgage? A reverse mortgage is a particular type of home loan for homeowners who are 62 years or older. It’s a way for homeowners to turn their home equity into cold, hard cash they can spend. The government refers to reverse mortgages as a Home Equity Conversion Mortgage, or HECM for short. How a…