As a loan officer, you will get clients who are looking into buying a home, be it their first or second, and find that financing isn’t available to them. Therefore, it’s up to you to help them find viable alternatives. For a potential home buyer, a wrap around loan offers a way to get into a home when traditional financing is unavailable. [Read more…]
If you are thinking about becoming a loan officer at a Kansas City mortgage company, you will need to be knowledgeable about consumers’ rights in relation to property financing. There are many regulations, acts and laws that loan officers must know when working in the mortgage industry.
The Garn-St. Germain Depository Institutions Act is one piece of legislation that is particularly important to be aware of if you are planning on working for a Kansas City mortgage company. [Read more…]
You’ve made the decision to be a mortgage loan officer. Now it’s time to find the right job. Seeking employment with a Kansas City mortgage company starts with online research and network outreach.
Bigger Doesn’t Mean Better
You don’t need to work for the biggest company in town to make money. Instead, focus on companies that have an outstanding reputation for customer service. Mid-size Kansas City mortgage companies typically have a better personal relationship with their employees because they treat their loan officers as individuals rather than just another salesman. Also, keep in mind that working with a local institution can be extremely beneficial if underwriting, processing, and closing are completed in-house. You won’t have to wait for answers from an out-of-state party. The loan process and general communication will be more direct and streamlined. [Read more…]