How Much I Made My First 7 Months As A Loan Officer

[@EnriqueGreatness]

Thanks for watching! If you are interested in getting your license I have partnered with Oncourse who is offering 20% off your pre-licensing education! LINK BELOW partners.oncourselearning.com/mortgage/enrique

[@NewAgentHQ]

As an established Realtor of 8 years ( Doing about 12-15 million in sales, just getting burned out) Do you feel the money would be more?

[@limitlessapocalypse2702]

How do you usually find clients?

[@NewAgentHQ]

@ Prospecting, marketing and referrals.

[@limitlessapocalypse2702]

@@NewAgentHQ what exactly is "prospecting"? IS that what people say in place of cold calling, or is it something specific?

[@NewAgentHQ]

@ Cold calling, door knocking, cold emailing.

[@SteveMannenbach]

All you need to do is run online ads to get new leads. Easy. : -)

[@priusgame1178]

Any advice how to get the proper training as you go? I keep hearing few places want to train new mlo's

[@Skidmark0606]

I’ve heard about two different types of MLOs. Those that have to prospect their leads and those that work at a bank or similar institution that are given leads. But the ones given leads are paid less than the ones that go out and market themselves. Is this true?

[@EnriqueGreatness]

This is true. Usually there is a diff commission amount when the company provides you the leads.

[@narvinbeans]

Thanks for the info! Considering a career change. I appreciate the real life perspective

[@EnriqueGreatness]

Glad it was helpful! ✊

[@SuperRabbitPrincess]

No offense, but making 14k ish over six month is kind of daunting… That means the annual income for some first year MLO in California is probably less than 40k. That’s very low, unless it’s just a side hustle. It seems that the problem is not getting enough leads, do you know if some reputable brokers/employer provided consistent leads? I’m interested in the field, but I hate prospecting and marketing…

[@EnriqueGreatness]

None taken lol. In the beginning it can be super difficult. 60-80% of new loan officers quit their first year. Definitely not an easy career but it does pay off in the long run.

[@hrichards0918]

Prospecting and marketing/networking are 2 of the most crucial activities a successful LO performs, and you're going to be doing A LOT of it for your first few years in the industry until your referral business is self-sustaining (even then you will always have to seek out new prospects). Unless you work for a bank that gives you leads for a discounted commission plan, you may not want to commit. The best thing I've heard, "The number 1 and number 2 things an LO should be doing every day are prospecting, and prospecting some more".

[@EnriqueGreatness]

Spot on! 💯

[@darianmarson9434]

I love and appreciate the honesty I'm definitely subscribing

[@sebasserna911]

Thank you for the inspiration, watching your videos is really motivating to start. I am currently still trying to learn more and set my self up to fully commit

[@pedroalmanzar1802]

Question: you got hired first before getting licensed? or you already had your license? Thank you!

[@EnriqueGreatness]

The usual sequence will be passing your exam, submitting your application to the NMLS and then start applying for a company to work for. Some companies will hire you before you pass your exam but most, to my understanding, want to see you have passed the exam.

[@MadamT_]

You are so informative. Thank you for everything!

[@EnriqueGreatness]

Thank you 😊

[@starryingliu6510]

Hi what’s u mean fully license? Need more than one license?

[@EnriqueGreatness]

You don’t need more than one. Meant to say you have completed the full process

[@DemonMuziker]

Amazing video man. Can you talk about how to get leads and how much they cost per lead?

[@EnriqueGreatness]

Thanks so much! Lead conversion drops Friday of this week. I’ll start working on one for getting leads

[@shayazussmann2307]

I love your videos keep it up!!! I know you can think, why am I doing this, there is very little views sometimes, But please keep them coming, cuz you help me with your content, and that’s already more than major🔥🔥🔥thanks

[@EnriqueGreatness]

Thanks so much! Means a lot to me ✊

[@dohuk615]

Is the mortgage loan originator course same as the officer. I signed up for the CE course but it’s the originator not the officer.

[@EnriqueGreatness]

Yes same course. Mortgage loan officer or originator

[@MrGUSGUS2]

When will you be opening your 1 on 1's?

[@EnriqueGreatness]

Hoping to open up in 6-12 months

[@MrGUSGUS2]

@@EnriqueGreatness keep me in the loop, highly interested.

[@ayanezhn12]

Ok wait, 3 units what does it mean.? 3 approved loans or what.?

[@EnriqueGreatness]

Great question! Sorry for not clarifying lol. It would be 1-4 unit residential properties. Properties that people live in

[@miguelnoriega7185]

Hi Enrique, good evening. Does new world mortgage provide leads or does the MLO need to look and build relationships with real estate professionals and create their own leads? I recently passed my safe exam, pending approval (CA-DFPI). I'm looking around and it is usually one or the other. I enjoy your videos , keep up the good work!!

[@EnriqueGreatness]

Hello Miguel! Most of it is building your own real estate professional relationships and leads. However, we do get provided leads from accounts the company services every now and then. And thank you!

[@miguelnoriega7185]

@@EnriqueGreatness That's fantastic. I'm going to send you an email , I'm interested in knowing more about new world mortgage.

[@joeiniguez1]

What about commercial Loans

[@EnriqueGreatness]

Coming soon! 😂🚀

[@ahmedshakirrealtor]

How i can find job after I pass

[@EnriqueGreatness]

Email me with APM CAREERS in subject line

[@EnriqueGreatness]

I also have a video n my channel where I cover how to find a great mortgage company 👍

[@dayanrives1258]

@@EnriqueGreatness I live in Tampa , Florida and I recently obtained my MLO license. Recommendations of any Mortgage Brokerage company ?

[@EnriqueGreatness]

@@dayanrives1258 send me an email! Info in description

[@dohuk615]

That’s $2000 a month. No good

[@Zay13378]

That's assuming no base salary.. usually brokerages have a 40k base

[@devonhyung2073]

That’s all?

[@EnriqueGreatness]

Yupppp! Lol

[@oscarperalta8806]

In that year did you work full time?

[@EnriqueGreatness]

The numbers I share in the video represent how much I made my first 6.5 months. And yes I was full time. I was also learning a lot about the industry. Now I know exactly what I need to do in order to be a top producer. And I’m going to be sharing all that on my channel!

[@andrebelike6918]

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[@EnriqueGreatness]

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