Mortgage Lending

How To Choose A Loan Officer

First, I would say the most successful mortgage loan officers I know do not work for big banks or credit unions (federally licensed), they work for direct lending. Look at this list of the top 50 lo’s in the country, with the exception of Brian Cohen at #1 – almost the entire list of LO’s are from a Direct lender rather than a bank/credit union.

Choosing a mortgage lender and mortgage company is one of the most important decisions you will make when buying a home. If you choose a bad mortgage loan officer they can do more harm than good.

Here are a few tips to find the right loan officer for you: Find someone who is interested in what is best for you. They should be collaborative and willing to listen and work with you to understand your needs and financial situation. Make sure it’s a good personality fit.

Quicken Loans Vs Veterans United Quicken Loans Home Loans. Veterans United is a lender that specializes in VA-insured purchase and. Co-Borrower vs Cosigner. The protesters gathered outside the quicken loans arena, where the convention is being held, to slow.

You have most of the qualities that loan officers need, but not all of them. Loan officers must have excellent listening and critical thinking skills, and must be service-oriented. Employers usually hire candidates with a bachelor’s degree in finance, economics or a related field.

Which Morgate Bank Vs Mortgage Lender You know big banks offer mortgages, but so do small, local lenders.. Is a Big Bank or Local Lender Better for a Mortgage? By Angela. While everyone knows the names of the big banks, finding.

In Part 2 of How To Choose A Loan Officer, the topics of corporate culture, marketing strategies, and customer service philosophies are discussed. Thank you for reading this is my hope that this article is beneficial in your pursuit of knowledge and facts on how to choose a Loan Officer.

Before buying a home, shop around for the best mortgage lenders. Get tips on finding the right lender for you, and see our top picks for a variety of needs.

Although loan officers need at least a high school diploma, advanced positions such as commercial loan officers will require a bachelor’s degree in business, economics, finance, or other related.

When buying a home, selecting a mortgage lender is a big decision. Many home shoppers opt to use a lender that’s recommended by their real estate agent, but that doesn’t guarantee you’ll get the best rate, or that the lender will have experience in loans for your unique scenario.

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