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Loan Officer Career Objectives
As loan officers it is very important to set career goals and objectives for yourself.
Although a very nice living can be made as a loan officer, you still want to put some goals and objectives out there to shoot for in order to prevent burn out.
First and foremost you need to eat, so weekly goals are just as important as long term goals.
When I worked as a loan officer, I did a lot of cold calling. From Monday to Friday I cold called from 5:30pm to 8:00pm.
I called with an expectation of taking no less than three applications per night giving me fifteen applications for the week, with a goal of turning three of those fifteen applications into closed loans.
Experience in the mortgage industry is the key to your success and how far you can advance. So the more knowledge you gain and the more experience you have, the better off you will be.
There isnt a broker of record in the mortgage industry who did not start out as a loan officer.
That is the beauty of this industry, and the sky is the limit. If you want to be the broker of record and work alone from a home based office, or open your own store and hire loan officers to work for you, it can be done.
It takes time and hard work, but it can be done.
And dont forget about all the other avenues the mortgage industry can lead you down.
You will undoubtedly learn more than you ever imagined about tiles, deeds, appraisals, real estate, etc.
Just think of the opportunities this opens up for you and how nice it will all look on your resume.
Jay Conners has more than fifteen years of experience in the banking and Mortgage Industry, He is the owner of http://www.jconners.com a mortgage resource site. You can also check out his blog at http://wwwmortgagespot.blogspot.com for more articles
More Useful Resource and Updates on bad credit car loan affliliate program
- America's Car-Mart 1Q Profit Up (Arkansas Business)
America's Car-Mart Inc. of Bentonville on Thursday reported a net income of $5.3 million, or 45 cents a share, compared to $2.1 million, or 18 cents a share, for the same time last year.
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Plunging auto sales, high gas prices and election year politics could help convince Congress to approve a $50 billion loan package to embattled U.S. automakers that Detroit's Big Three claim is key to their future success.
- "Drive It Now" - Car Payment Advertising for Online Auctions, Classifieds and Dealer Websites (Centre Daily Times)
Automobile Consumer Services, Inc. (ACS), announced today, a new service that gives vehicle sellers who list their cars on eBay, classifieds, and their own websites, the ability to quote competitive loan and lease payments with the "Drive It Now" advertising banner button.
- Heat on car finance firm (The New Zealand Herald)
A second-hand car finance firm that collapsed owing $25 million to investors is the subject of an official inquiry.
- Car buyer's market still has problems (Bankrate.com via Yahoo! Finance)
Things will be good for car buyers in 2009 but not all will be perfect. Here's how to take advantage.
- DA: landlord admits to using tenant?s personal info for car loan (Queens Courier)
An Astoria landlord has been charged with stealing the identity of one of his tenants in order to obtain a $32,000 car loan and to open a credit card account that incurred more than $20,000 in debts, including bills for his telephone and EZ Pass.
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