Why You Suck as a Loan Officer and Won't Make It | Ep. 452

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  • čas přidán 29. 08. 2024

Komentáře • 44

  • @gingerkilkus
    @gingerkilkus Před měsícem +28

    The average American is the foundation of this nation's economy, therefore if their money vanishes, unemployment will rise and the message "You have an unexpected month" will emerge. If you have a lot of student loans that are coming due, that money will run out very soon.

    • @fadhshf
      @fadhshf Před měsícem +3

      By then, a minimum of one cut Given that it will be discussed throughout the election, I think it happened in September. Given that it's a retirement issue, I think the FED will implement changes in September. If in September they don't make any cuts.

    • @hasede-lg9hj
      @hasede-lg9hj Před měsícem +3

      I have this much in a taxable brokerage account, this much in a standard IRA, this much in a bank account, and this much in an employer-sponsored 401(k) plan. At the moment, I have 30% in equities and 70% in bonds, or a similar allocation. Her contact information is Annette Marie Holt. Thus, when she responds to your initial meeting, which should be provided to you at no cost, you should have a very clear picture of your current condition.

    • @leojack9090
      @leojack9090 Před 27 dny +1

      That sounds promising. I've been hesitant to dive into because I'm not sure where to start.

    • @lowcostfresh2266
      @lowcostfresh2266 Před 27 dny

      Absolutely. Annette guidance can provide peace of mind and help you make informed decisions in the complex world of gold investment.

  • @kristinensign2356
    @kristinensign2356 Před 4 dny +1

    Hey DO! First, you rock! I started my career in risk management manually auditing credit bureau attributes against credit bureau reports. I am passionate about personal finance, solving complex problems, and helping people succeed. 24 years later, I am transitioning to becoming an MLO, and I am already appreciating and learning a ton from you / your podcast. Thank you!

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před 3 dny

      That's awesome Kristine!!! Glad we could help you out! Make sure you check out the website and sign up for the free newsletter!!! tloponline.com/#weekly-newsletter

  • @ItsKaylaAnne
    @ItsKaylaAnne Před měsícem +5

    Other professional to get into the mortgage industry is relationship banker. We do HELOCs already and partner with MLOs. I think being backed by a bank is beneficial to start because you have a guaranteed referral source.

  • @NamTranMTG
    @NamTranMTG Před měsícem +4

    Just passed my NMLS exam today DO and JC! Your podcasts are a great help. Thank you for your continued dedication.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem

      Congrats! Make sure you check out what we have cooking on www.tloponline.com!

    • @kyleswrath
      @kyleswrath Před měsícem

      @@NamTranMTG What helped you passed? Any recommendations that I can do before mine at the end of July I take mine

    • @NamTranMTG
      @NamTranMTG Před měsícem +2

      @@kyleswrath I watched Claysmile and listen to DO's pods when driving or during down time

    • @kyleswrath
      @kyleswrath Před měsícem +1

      @@NamTranMTG Roger that thanks brother I’ll look them up

    • @kyleswrath
      @kyleswrath Před měsícem +1

      @@NamTranMTG what’s do’s pods?

  • @Loveyourmortgage
    @Loveyourmortgage Před měsícem +3

    Got into the industry December of 2021 right as rates started going up. I AM STILL HERE and making more money than I ever have. It’s very tough at times though.

  • @thenoobentrepreneur4493
    @thenoobentrepreneur4493 Před měsícem +3

    Hold on Dustin ..🤔Cole “s story is so relatable for me. Tysm for this content🔥🔥🔥literally changing lives.❤️

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem

      GOT YOU GURL!

    • @kyleswrath
      @kyleswrath Před měsícem +1

      What helped you passed? Any recommendations that I can do before mine at the end of July I take mine

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem +1

      @@kyleswrath YES - MLO Study Buddy - tell them TLOP sent you. They are AMAZING! @mlostudybuddy

  • @aaronmcmanus2181
    @aaronmcmanus2181 Před měsícem +1

    Car dealer finance managers and sales managers are a great hire!

  • @aznbspikey
    @aznbspikey Před měsícem +2

    What do you think of an accountant switching over? Im naturally extrovert but decided to become an accountant for cushy office job. Now i hate my job that im drilling down into the excel sheets.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem +1

      Extroverts crush it - just have to be committed for at least 2 years.

    • @ericwilson2632
      @ericwilson2632 Před měsícem

      😂🎉😂🎉 I love spread sheet I do accounting work/ tax preparer😂🎉
      I want to make more money...
      Have lots of people want to buy homes...

  • @Joey_Kubes_paclending
    @Joey_Kubes_paclending Před měsícem +2

    Do you think military members can transition well? Just retired and passed my MLO test.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem +1

      💯

    • @tylerhuston9259
      @tylerhuston9259 Před měsícem +3

      I am prior military. Love it in this industry

    • @tylerhuston9259
      @tylerhuston9259 Před měsícem +4

      I will add had about 20 other military members join the industry when I did. Only 3 of us left and only two of us are actually producing. You got this just have to be motivated and dedicated.

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem

      1000000000%

    • @Joey_Kubes_paclending
      @Joey_Kubes_paclending Před měsícem

      @@tylerhuston9259 thank you for the advice and I look forward to jumping into the business with both feet.

  • @kata7742
    @kata7742 Před měsícem +1

    Will transitioning from the hair/beauty industry be a good fit?

    • @TheLoanOfficerPodcast
      @TheLoanOfficerPodcast  Před měsícem +1

      For sure! You just have to stick with it and be dedicated!

    • @dustinowen1191
      @dustinowen1191 Před měsícem +1

      It all depends. Are you a good problem solver? Are you great with 4th grade math? Do you enjoy personal finance? Are you money motivated? Do you enjoy helping others? Do you have a entrepreneurial spirit? Can you give it your ALL for 2+ years without giving up even when it is hard and you are not making good money? You need to answer "yes" to the above.

    • @kata7742
      @kata7742 Před 28 dny +1

      @@dustinowen1191 thank you so much. It’s yes to everything above! I just feel so worried that everyone will know I’m new and I need to just trust my team and the process as I’m learning and growing. But my confidence comes from feeling knowledgeable in the industry and I haven’t had as much at bats. I know I need coaching but I am not in a position to afford it yet but I’ll be doing it as soon as possible! Thank you for all the content you put out.🙌🏼

  • @citystarproductions6703
    @citystarproductions6703 Před měsícem

    Justy owens