So you are thinking about becoming a loan officer?
It’s true, loan officer jobs pay more than most any other occupation out there, assuming you haven’t passed the bar or made your way through medical school.
But it can’t be that easy, could it?
To make six figures without a high school
diploma, you would think you’d have to invent something or start your own business. But the prospect of being a loan officer has changed conventional thought, especially as the housing market shot off in recent years like a bottle
So now as we lay in the wake of the housing bubble bust, are loan officers still making money? The answer is a resounding yes!
If a loan officer closes (5 to 10) $300,000 mortgage to close and fund a month, it often equates to a huge payday, sometimes as much as half year’s salary working a minimum wage job or a lower paying occupation.