Being an Mortgage Loan Officer in 2024

[@outheretrucking]

You have a great camera presence! It feels natural and not forced as a viewer. Keep the videos coming Joy✌🏾

[@TheMortgageBawse]

Thank you! Now that I have more people that follow me I don’t want to interrupt the momentum so I will be EVERYWHERE!!! I deserve 100k subs.

[@Sonja-z7c]

I look at this video once a week to keep me doing what I need to do. I entered this field in March of this year.

[@mekhilee1133]

How’s everything going?

[@EvilAlgo]

I have no interest in being a loan officer, but I sincerely appreciate this video. I’ve shared it with a few folks in my circle who are considering this career. Thank you.

[@TheMortgageBawse]

Thank you

[@KamKam20221]

I’m coming in as a mortgage processor for the past 8 years… When the forward world is a mess it’s better to be patient and work with Reverse Mortgage customers ❤ I’m excited and love this industry

[@TheMortgageBawse]

I can see that. I’ve never done a reverse mortgage

[@Twinsane_in_the_membrane]

Thank you forgiving the real talk on this and offing yourself as a resource. ❤

[@daesecrest]

Thank you for your honesty!!

[@christinamcqueen8803]

I’m in interested in becoming a loan officer , BUT I need to do a lot of studying. Plus, I am not willing to quit my day job for it right now. So studying is what I need to do at the moment.

[@SELAHtv-quinina]

Thank you for your transparency. I'm currently pursuing becoming a new MLO in TX, I look forward to more videos and may even reach out for a consultation.

[@thenoobentrepreneur4493]

I love your energy tysm for keeping us motivated 🙏🏾

[@TheMortgageBawse]

You are so welcome

[@cjharris7004]

Thank you for your honesty.

[@sam7609]

I'm 20 yrs old and have one year left in college. My real estate professor really got me into this industry and I feel like I could make a career out of being a loan officer. I like the idea of helping families out with loans and being that middle man that they can trust. I'm not looking for a quick buck nor would I conduct a loan for someone knowing they can't afford it. I really want to get into this industry and hopefully one day make six figures but I have no idea where to start. I don't want to get out of college and go to a minimum ($15/hr) job. I'm hoping that I could at least make $50k starting off, but again I don't know if that is unrealistic or where to even start.

[@TheMortgageBawse]

You absolutely can do that pretty easily in mortgage lending. Yes it’s a little slow right now but if you get with a consumer direct lender. You can learn the business and make money. They give all the leads your heart desires.

[@Nancybabt]

​@@TheMortgageBawsecan i start off part time than do full time later

[@kevinm9431]

⁠@@Nancybabt I wouldn’t recommend doing part time instead of full time because when part your only getting but do much experience.

[@Nancybabt]

@kevinm9431 okay because I'm a single mom and I have a full time job ends at 4:30

[@SamGilley-m1q]

I needed to see this video. I just started and I'm licensed in all states.

[@loveiscoffeeandbooks]

I’m going through the home buying process right now which has been the biggest headache ever. I was considering becoming a Realtor and have been told by other realtors that I should because the realtor I have has done nothing. I found the house w/o her, negotiated my loan w/o her and did all of this w/less than perfect credit. I’m a disabled veteran & single mom & would like to help other Veterans through this process so as I’ve been going through the experience I realized that I’m more interested in becoming a loan officer than a realtor. Your videos popped up on my tiktok and I love the honesty and valuable information

[@TheMortgageBawse]

If I’m licensed in your state give me a call tomorrow and let’s chat. Maybe we can help.

[@SoleParadises]

I have an interview for MLO but they train and pay for the license, I have a passion for finance and learning about mortgages and home buying so I’m excited to learn everything I can. I appreciate this video much. Just going into it looking to be a student and make this a career as it’s a big change.

[@TheMortgageBawse]

That’s the best scenario!!! Good luck!

[@safdarsaffy7398]

i am looking for something similar. can you pls let me know who is the employer? so that i can reach out to them. Thanks

[@sneakyturtle2346]

Did u get the job

[@alexameyer3218]

Thank you so much for making this video!!

[@steve6429]

Good stuff! Thank you!!!

[@AnewLorelle]

Thank you!! ❤❤❤❤

[@TheMortgageBawse]

You are so welcome!

[@dalebaker959]

Thank you for being transparent with us. I really appreciate that.Im 56 and considering a major career change, and exploring the MLO field.

[@paultexasusa]

Thank You

[@DorianGray-c6m]

really enjoyed your video I think I'm going to give another shot

[@TheMortgageBawse]

You should!!

[@loanofficerwhocares6951]

This business is the long game.. Thanks for what you bring to the industry.

[@TheMortgageBawse]

Thank you

[@loanofficerwhocares6951]

Very welcome

[@loanofficerwhocares6951]

Definitely important to become a student of the game.. I have prior secondary marketing experience dating back to 2000 and knowledge is power in this industry...

[@TheMortgageBawse]

I’m always learning something everyday. It’s so much to know and it changes so rapidly it’s very important to be a student. No one can know everything but I try 😂

[@esthers9122]

How can I report a Loan officer who is trying to sabotage my loan?

[@chrissygirlzdknx3]

I’m looking to change careers

[@TheMortgageBawse]

Go for it! There is a discount on the class in my linktree

[@giovanniyunissi5338]

Hello and thank you for the video. I am trying to schedule an appointment with you for career advice but the only type of appointment says that is for serious buyers. Are you no longer offering career consultation?

[@TheMortgageBawse]

Hey its back up now. I had to make some changes.

[@giovanniyunissi5338]

@@TheMortgageBawse great I’ll be scheduling soon!

[@giovanniyunissi5338]

@@TheMortgageBawse hey do you have another method of payment besides cash appp? For instant PayPal?

[@chuongtran6310]

Great video, Thank you! How did you become a loan offer in more than one state?

[@TheMortgageBawse]

You can apply for any licenses for states your sponsor has license in

[@smorris22]

Hi! Do you have advice on finding lenders that are willing to hire new MLOs? Thanks!

[@TheMortgageBawse]

Hey!!!! I am a fan of working for a bank or consumer direct. Those are call center type settings (maybe remote). They hire dozens or hundreds of people. They are always hiring but will be ramping up in the Spring because of an increase in volume and lower rates.

[@nvrbanned]

I was given solid information once, and I think it should be passed along. We are all 9 months behind schedule. Once you hear the information on social media, it is already too late. Im starting interviews tomorrow. WFH is nxt to impossible in california in 2024, but the more I find, the more I'll pass on.

[@alyssahammel]

Do you recommend starting off at a bank?

[@TheMortgageBawse]

I personally worked at a bank as my second employer and it was good to me. It was a great learning environment and I didn’t have to starve while learning. They don’t have a million products and it’s ok. You don’t need all of them. They have millions of customers that need basic 30 year loans.

[@MarianKnowsRealEstate]

I was in underwriting and processing 20 years. Been a realtor the past 3 years and not in love with it. Got MLO license last year and heavily considering only doing mortgages. Aligns with my skills and personality 1000% more. This year was certainly rough all the way around.

[@TheMortgageBawse]

It really has been. Hopefully 2025 will be better. I’m well rested now so I’m ready to grind and make it happen.

[@SM-dj5nt]

hi boss lady , can you recommend the best course to take? ive been reading reviews on the 3 best courses and most are not good overall. i would hate to spend 3-500 and not be prepared for the nmls exam

[@TheMortgageBawse]

I used national mortgage school about 5 years ago

[@neilkey3013]

I just started as a L.O. with a credit union. It's basically getting a NMLS number to be able to do loans in 50 states along with hiring requirements such as background check.. It is commission based. Here's something many in the Real Estate industry may not know. Teal Estate professional can now originate the loan and sell the some. They are allowed to do both acts.

[@TheMortgageBawse]

Yep that’s true. I used to work for a bank a few years ago. A little birdie in Washington DC told me change is a comin. Trying to get money on all sides of the transaction is wild. It’s people getting in that’s making a mockery of what we do. This isn’t fun time. It’s real life.

[@jasmine_nursepreneur]

Thank you for your transparency. I’m interested in becoming an appraiser but several people advised me to be a loan officer instead. Here I am looking for a “day in the life”.

[@TheMortgageBawse]

I’ll do one

[@sstargaze333]

Appraisers make less. There's much more potential as a loan officer.

[@bblackmann]

Thank you for this video, I appreciate your honesty. I am looking into joining this business.

[@elitefinacialnotary8050]

Im looking for a mentor. I have my NMLS license, and I have not used it yet

[@TheMortgageBawse]

I’m starting a master mind group for new loan officers in January. I’ll start promoting it in December.

[@TheMercerbailey]

In your opinion, what is the best school/training program that’s out there right now? I am looking to get my license for the same reasons that you described as a good reason to join right now. I have no problem spending money on good schooling but I’m just curious from somebody who’s been in the industry if it makes a difference what school/lesson/test prep you take

[@EmanV101]

You don't need a degree to be an mlo. You gotta be able to sell and be resilient. Period.

[@Highhound2239]

Im in the gas station business and i can definitely say this has been the slowest year for business. I have been looking into a career to becoming a loan officer as i feel like it is rewarding and something i can do long term since i am comfortable with helping families and those who are looking to get loan approvals

[@kozmospaces8032]

Love this!! I’m an mlo and whew girl!!

[@TheMortgageBawse]

We are in this together 💕 How long have you been a lender?

[@Edengriffin5150]

All I have to do is pass my state test in Louisiana I’m really motivated to get In this industry I love the video I’m studying very hard I am In the trucking industry and I am trying to slowly get out of it and do mlo

[@TheMortgageBawse]

Good luck!!

[@Eyephonestories]

Loved this video ❤ I’ve been on the fence on getting my NMLS. I worked at a Credit Union as a loan underwriter for the other trade lines and knew I wanted to do the same for mortgages. Do I need that license to start somewhere with a livable income ($40k) ?

[@TheMortgageBawse]

The bank doesn't require a license.

[@amberwatson7673]

Where can I apply for jobs as a mortgage loan officer? Any recommendations?

[@TheMortgageBawse]

Hey! Thank you for watching. Indeed.com is a great place to find listings.

[@Turkboyz20]

I’m in real estate sales but it’s not good for I’m not doing goond at it I don’t know if I should look into MLO. But I do do real estate as part time

[@Latterdaysaintcrunchymom]

How about now at 7% for rates?

[@TheMortgageBawse]

Always. It’s a great career

[@4bgenterprises584]

Hey Joy, can you do a video on the different consulatation you have with your buyers? I.e at/prior to application, at pre-approval, at contract, closee to closing, etc.

[@TheMortgageBawse]

Ok

[@yayAreaDoll]

May you share why your real estate career didn’t last so long?

[@TheMortgageBawse]

I got a real estate license in 2007. I’m positive that the economy and housing market crashed because I wanted to be a realtor 🤣🤣🤣. The other part of it was I didn’t know the actual start up costs involved to be successful.

[@123jus456tin]

I really enjoyed the video. I am a Branch Manager for a finance company. I've had my MLO license for about 3 years but not much experience with originating mortgages due to certain changes going on in the company. I am really interested in getting into the field. I feel like I have all of the tools, just not sure how to get started. Any advice?

[@TheMortgageBawse]

You can go to a bank to be a loan officer without taking the test or class. That’s a good start with a steady lead source.

[@QuintonMcReynolds]

Any way to get the course free n virginia?

[@TheMortgageBawse]

Course?

[@tessbeautybar4792]

Are you with Kinecta Credit Union?

[@TheMortgageBawse]

No. I’ve not heard of that credit union

[@ACAdventuresTV]

Hi Joy! Could you recommend an excellent BLACK MLO in New Jersey please?

[@TheMortgageBawse]

Hey! I just saw this. 856.295.2442 Elizabeth Parris

[@trentf4583]

Hi Joy!!! Thank you so much for putting this out there. I passed my safe course but I haven’t attempted the exam yet. I want to sell loans and it’s been so hard just understanding how to even get started because this industry is hard to enter!! Your info is so helpful and inspiring. If you know anyone in the chicago suburbs that may be looking for a loan processor or something that’ll get my foot in the door, please let me know!! I am so eager to get started 😊

[@TheMortgageBawse]

Guaranteed Rate is always hiring

[@TheMortgageBawse]

Thank you for your kind words

[@financeconvos1]

I want to be a loan officer on the side but I work full time and have little kids so I know I can’t put that much time into it after work. Also, I do have a lot of student loans and I think that will help pay them down. Do you have any advice about paying off student loans sooner?

[@TheMortgageBawse]

This is a full time professional career. I would recommend looking at a bank to see if there are some consumer direct opportunities that allow WFH. The complexities of what loan officers do is down played on social media. As for student loans chile my plan is to die.

[@daisynop995]

I love your transparency!! I am intrigued with mortgages, real estate and learning the field ...definitely seems like a lot of grit and good attitude to be in this field! Can you tell me if you have a mentor? Did you learn hands on from working with a mortgage loan company? Thanks!!!

[@TheMortgageBawse]

I worked at the bank for a long time. It’s the best learning environment

[@Entertainwithrikki]

How do you become one

[@RichardParkerTheRealtor]

Hi Joy i am actually studying for my Loan Origination license as i am watching your video. i am a Real Estate agent now in TX you just really motivated me to continue to push to get these license. Thank you for your honesty because the Real estate market period is down down down its a struggle for all of us. i know its going to change and i want to be ready for the new wave. thank you very much

[@TheMortgageBawse]

It looks like the worst is behind us🙏🏽

[@mindyreed3532]

I went into it for the money. I made 60k the first year, left it for personal reasons and thinking about going back, but afraid of the rejection and making minimum wage l.

[@TheMortgageBawse]

What rejection?

[@brittanyvalentine4936]

Great info! Thanks for the video and sharing your knowledge and expertise of 10 years. I became licensed as a MLO in 2022....RIGHT when interest rates were climbing. So just the opposite of you, HA! Can't lie, it was a bit discouraging because it was like, "Awww, man, just as I was getting started, things wanna get slow" *insert crying emoji* lol. BUT, fortunately, I am in a position where I can stay in this field and ride the storm out while learning as much as I can to be PREPARED for when the sun starts shining again in the mortgage industry. This video encouraged me, so THANK YOU! This has motivated me to stay on the grind and learn as much as possible. Congrats on your success and I wish you even more in the years to come.

[@toyaxwellness]

Hello i'm also in your area and have been researching becoming a mortgage loan officer. Is there a program you can suggest in the charlotte area to take a course and get licensed? I would actually like to start not and learn while it's slow I love being a student. I will also be signing up to get a consultation from you. Your content is so helpful! Thank you ❤

[@thenoobentrepreneur4493]

❤I’m still here 😅praise him!!!

[@TheMortgageBawse]

Amen 2024 is the best year of my life!!

[@cocotheglobetrotter]

I've been watching your videos. I am interested in getting licensed but I want to work from anywhere. Do you think that is possible as long as I have good wifi and the equipment I need? Thanks in advance.

[@TheMortgageBawse]

Yes. Everything I do is virtual. I’ve done loans for people in my neighborhood and I never met them face to face

[@cocotheglobetrotter]

@@TheMortgageBawse Awssome. I'm thinking abroad also. Thank you for responding.

[@DillonSherrod]

Yo Thank you very much for making and sharing this video with us all and setting a realistic expectation of what the business is like. No BS detected. Iv been thinking on this for a while and I feel now might actually be the moment to jump in. I do have a question. For someone now that might not have enough savings to commit to a commission career. Is there another part of the mortgage industry that you would recommend to get into and still learn?

[@TheMortgageBawse]

You can always go to a company that offers a base plus commission opportunity.

[@Nailnation1]

Realistically how many hours do you work I work 10+ a day doing nails and I’m exhausted

[@EliteE702]

I’m trying to obtain my license I have failed the National SAFE test twice with a 73% on both test any tips or resources you think will help me on my 3rd attempt?

[@TheMortgageBawse]

[e-mail]6357 I have a video about passing the NMLS Safe. It may help.

[@Yakster27]

What advice would you have for someone who is considering becoming an mlo in 2024?

[@marjaeemilan6748]

Hey! Are you interested in offering mentorship or internship opportunities?

[@TheMortgageBawse]

I will have something hopefully by the first of December 🤞🏽

[@marjaeemilan6748]

@@TheMortgageBawse what is your contact information?

[@TaylorTodd-nm2cs]

I just passed my exam to become an MLO last week. I am currently in CO, although I will be totally new to the industry I do have someone who is willing to mentor me which I’m extremely thankful for. I know you mentioned in the beginning of the video that your licensed in 13 states. It seems like some real estate agents find it to be “taboo” to work with an out of state lender. How do you navigate that?

[@loanofficerwhocares6951]

Great information #loanofficerwhocares

[@LockedinAHazee]

mortgage baaaussse yeas kween

[@TheMortgageBawse]

💕

[@QuintonMcReynolds]

I wanna be a loan officer as a side hustle long term to just invest n my college n also investing n stock market crypto n nft u think thats ok?

[@TheMortgageBawse]

Being a loan officer isn’t a side hustle type gig. We are restructuring peoples financial trajectory for future generations. This ain’t no flat tummy tea. I recommend finding opportunities full time.

[@QuintonMcReynolds]

@@TheMortgageBawse I get that I feel like I can do that full-time n still be able to do other things

[@kozmospaces8032]

I’m a mlo and it’s way more than a full time career with a lot of stress. It’s not something part time. We work until ten at night many times.

[@lisakaye3919]

You'd be better off being a leasing agent right now because the real estate market stinks. Interest rates are high and no one is buying homes currently.

[@dieseldave17]

Thee usd is gone. Refinance is not coming back.

[@kozmospaces8032]

You didn’t like being a realtor? Can you say why? I’m both.

[@TheMortgageBawse]

The only reason the market crashed in 08 is because I got licensed in 07 LOL. Plus I didn't realize you had to have money to be a realtor.

[@Turkboyz20]

I’m in real estate sales but it’s not good for I’m not doing goond at it I don’t know if I should look into MLO. But I do do real estate as part time