Being Successful as A Loan Originator With Mortgage
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- čas přidán 21. 07. 2024
- Now is the best time to be in Mortgage business, but are you using every tool as an L.O to your advantage? I will give you my knowledge and expertise on how to advance in the business and be successful in this golden age of Mortgage.
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Passed my exam today! And I CANNOT wait to start my journey and will be following all your advice!
Hi Evelyn, Congratulations!! 👊 Thanks for following. Glad the content is helpful!!
Congratulations, I know that feeling
How is it going?
Thank You! This was the same thing I was telling my loan officers, but he couldn't get what I was asking of him. He said his job is to get me a loan not teach me
Three years later and I’m pumped to watch this for the first time! 🔥
Anybody who headed you advice and jumped into the business, had the best FIRST YEAR of ALL TIME. This was the best Pre Pandemic LO video.
Wow!! Appreciate that! Thanks for following and I wish you much success!! 👊
Thanks for helping me get through my days, I’ve been an LO for about a year now and I’m battling through some struggles now. Keep pumping content for me. I need it!
You got this! Thank you for following!! 🙌
Thank you for making content! You have a lot to offer and I’m glad I can hear some of your advice and wisdom! 😁
Thanks for watching 🙏
This video is 2 years old yet, I am still inspired. Thank you! ❤ let's crush it. 💪
Awesome! Glad you enjoyed the video. Thanks for following. 👊
Your content is awesome! I’m getting ready to take my exam this week (I’ve been working for a mortgage broker for about 7 months now on their disclosures team) and the most intimidating part of stepping into this new position is how network and use social media in a different way than the average agent or LO. This video helped a ton!
Hey Brandon! Thanks for following! I appreciate that...glad you are enjoying the content!! 👊 Good luck on your exam...you'll Crush It!! 🙌
Solid advice and a quick and easy way to go about it. Very digestible and easy to implement.
Glad it was helpful! Thank you for watching! To join The Academy, go to: www.ba365academy.com/
Subscribed! Awesome content and going to the office tomorrow motivated to crush it - because of you! Thank you for the mindset recharge!!
Hey Estella!! Wow!! Thank you..& thanks for following. Glad the content is motivating!! Get out there and Crush It! 👊
Gotta be seasoned in this business to do well.
Newbies expect 2-3 years of struggle. Make sure you have thick skin!!
Great video and I subscribed! Thank you! Studying for my test now. I have it scheduled for the 1st of May(if they don’t cancel it again because of the whole social distancing and everything closed, thing). Anyway, I need to find more of your motivational videos, this one hyped me up! Lol 🙌🏼
So awesome bro! 👊 You’ll crush it
Did you pass?
Ben Anderson 365 Yess!! A couple weeks ago! Right now I’m just waiting for all the license items to clear with NMLS(background, credit, fingerprints, etc)so I can start looking for sponsorship! Thanks for asking! Can’t wait to start!
Amazing content. I could really use your advice. I've been working as an MLO since I graduate college and I absolutely love it!
Hey Ari! Great to hear! It's the greatest career in the world. You'll Crush It!! 🙌
I left in 2006 and I am about to get back into the industry. I’m nervous but very excited
It’s the best career 🙌
Hi BEN your words have been of much help , starting of as a LO and this fear to start from zero it's out there but let's give a try wise words .
Hey Bianca. Thank you for watching! So glad the videos are helpful. To join The Academy, go to:www.ba365academy.com/
Great video! Love the attitude, mindset, and the suit!🙏👍 I want to become a mortgage loan originator. Thank you.
Thank you & thanks for following!! You can do it!👊
@@BenAnderson365 thank you! I am currently a realtor part time for like 9 years.
Just passed my 20-hour course 2 hours ago lol. Excited to grow in this field.
Hey Taylor! Congratulations. You'll Crush It! 👊
Omg...you fired me UP!
Thank you for following!! Glad the content is motivating!! 🔥
I have an interview tomorrow for an entry level loan officer in Manhattan, I’m 22, and boy am I pumped man. I really hope they hire me because I want to put my blood sweat and tears in for the next 10 years. I want to be as great as you.
Hey Sonny! I hope you Crushed your interview!! If I can do it, so can you. Good luck!! 🙌
How did it go ?
You showed up on my feed today. I subscribed. I can learn from you 😆
Hi! Glad you found me!! 👊Thanks for following.
Great video thanks for the encouragement and information. Preparing for my state test.
Best of luck! You got this!! 👊 Thanks for watching!
@@BenAnderson365 thanks buddy I really appreciate that.
You’re the best ! ❤
Hi Irma. Thank you! Thanks for watching. 👊
Great video man. I am in the beginning stages to obtain my license.
Best of luck! Thank you for watching! 🙌 To join The Academy, go to: www.ba365academy.com/
Great video!
Thank you 🙏
I want to see this video now at the end of 2022 - with these 7%+ rates damn
Thanks for the Gold
You're welcome! Thank you for watching! 🙌
About to walk into the office on my very first day as an LO...wish me luck!
Good luck!! You'll Crush It!! 👊
I just passed my NMLS licensing exam on Dec 26 and found this video. Thanks for the motivation and info. It's really helpful. I'm subscribing!
Congrats 👊👊👊
How has it been going for you since you became licensed
hey Ben! thanks for the video.. its the second time I watch it..and I was just wondering what do you mean prices will be the same for everyone in 5-10 yrs?
The internet will reduce commissions for most of us like it has in most other industries so we won’t win on price we’ll win on brand and service
Do you need Systems? A CRM, Marketing, Social Media, Time Management, Sales Training, and Team Development? With The Academy you will be trained, coached and mentored by me. I have closed over 3 billion in home loans, and will show you my blue print. You can learn more and sign up here: www.benanderson365.com/pages/membership
I have my AZ RE license but moved back home to the south for school. I'd rather get into lending here instead of viewing houses. Plus i actually know ppl here and my old classmates are all starting families now. How do we find jobs? In RE you can find offices on many corners and they're always recruiting. But I dont see that with mlo. Is it better to try and become a processor now or should i just do the 20hrs and test and go for it? Is it better to go with a bank? Im majoring in accounting but have another year left.
We have a course for free you can take. Once you finish we can give you a certificate you can use when submitting for a job. I recommend doing the 20 hours.
www.ba365course.com/
Great advice! I am an Aerospace Engineer/Physicist transitioning into a mortgage loan officer position in Phoenix, AZ. The amount of opportunity and financial freedom within this field is incredible. Any advice preparing for the NMLS Safe Exam? I will be taking it within the next 5 weeks.
Check out Mortgage Educators for practice material 👊
Ben Anderson 365 what watch are you wearing if you don't mind?
Three years later, the market certainly changed. I have issues with buyer agents passing me off to their preferred lender. I want my own mortgage broker and not just a LO that the realtor has a relationship with.
Love your video! I'm deeply considering getting a mortgage licence. You you know anyone in Toronto Canada to crush it with?
I don’t but know many of the principles are the same, prospecting, marketing, branding.
Let me know if I can help
Any help on where to look at in Arizona for school or other things I wanted to be an agent but I think this is my calling
Check out mortgage educators 👊
Where should new originators work? A big company or small? So many are so busy prospecting all the time at open houses. I'm not sure I want to do that. If I work at a big company will they feed you leads? What are the splits or how does it work? Thank you! Great video
A good sized lender who offers operational support
@@BenAnderson365 how are they usually paid? like 1% per loan with bonuses or something?
I want to get in the mlo currently living in New Mexico But will be moving to Houston soon.. is it easy to transfer license from one state to another?
Each state has its own license
How’s it going?
You're the shit....do you have a training program
I'm am starting my pre license training next week and taking the test soon after. Any advice for someone like me just starting out? My confidence level is low but my enthusiasm is high
How did it go
Hey Evan, Thank you for watching! 👊 To learn how to raise your confidence + much more join The Academy. Here is the link to join: www.ba365academy.com/
tried to click on the social media management page, got an error message
Hey Toni! Thank you for watching! 👊 You can send any questions to info@ba365.live
why am i being told from loan officers that i will need to be a clerk first. She already had her license and wasn't using it.
Hey Hubert! You can start out by becoming an LOA to gain experience; but there's no reason you can't get your license and start hustling! 👊
Do you need a bachelor's in order to hold a position as a mortgage loan originator or just a license?
Just a license
you just need a license. No degrees required. Check with your state licensing requirements.
I had 8 loans in the pipeline back in September and October the rates shot way up and lost 6 of them. The rates are killing me. Any advice on what you would do or focus on? I’m trying to recruit Realtors for referral business but it’s hard being so new to convince them to send me business.
Hi. Focus on building relationships & make sure your using social media. Call your past clients, talk to them and ask what they need. Rates don't matter when you have a plan and all of your systems in place. In my online mentoring program; The Academy, I teach everything you need to know! Check it out here: www.ba365academy.com 👊
I just landed a job opportunity with Supreme Lending (Mortgage Banker) in Houston, Texas as in ILO "in loan officer" basically doing cold calling, email with the help of lending tree. I have 0 loan officer experienced but I am pretty educated on government and conventional loan programs, products, etc (thanks to an NMLS course I took). I am confident that I have what it takes through proper training of software and communication with customers. Not only that I have an understanding of financially literacy on personal finances, credit, etc. I need just need advice on how to keep leads and keep the customer satisfied. I have lot of customer experience in the food serving industry so ill be transferring my skills into the mortgage industry.
Congratulations on the new job!!! We have the training you need! Check out The Academy in the link!
www.benanderson365.com/pages/membership
how much is the pay
Hey Ben I am 25 and have completely 0 experience in the mortgage business but am very interested to get into it. Any advice? Do I just apply on Indeed to some local companies. I have literally 0 experience in the industry and need some training. I do not know how to break in and get started. I am in Southwest FL. Any advice???
Hey John, Do you have your LO license? That would be the first step. I offer a free online course on how to obtain your license in 30 days. www.ba365course.com/courses Good luck & thanks for following. 👊
Hello Ben, my name is Brian, I'm 24 years old and am very much interested in pursuing a career in MLO, is there any books or self-guide books that you can recommend to someone who is completely new to the industry with no prior experience? Thank you, subscribed!
123n4m psychology of selling 👌🏼
I created a course take it for free
BA365course.com
Big question! How do you work for a company that allows you to maintain your individuality by making videos that aren’t specifically branded to their name on their CZcams Chanel without them also taking all the commission from the leads you generate from it. Please help I feel like my company is taking advantage of me ):
Hey Hannah, My advice would be to find a place that allows you to do so! 👊🏼Thanks for watching!
Hey thanks for the video. Just passed my MLO exam. Do you have any good companies to work for you would recommend that have good lead sources and is reputable? Looking to maximize my earnings potential. Thanks!
Hey Rumi, Thanks for watching!! Congrats on passing your exam. 👊 PRMG is a great place to start. Get a mentor early on in your career. I also teach a course called The Academy. Check it out here: www.ba365academy.com
@@BenAnderson365 Thanks and thanks for the recommendation, I will check them out and check your course out. So far I got Amerisave on my possible list. Not sure if it's a good deal or not though. Your a W2 worker starting out, they provide all the inbound leads, 5 weeks of initial training, both training and work is remote and they pay a tiered pay structure from around 30bps-60bps depending on your volume of closing. Sound like a good deal to you? Im just not really sure what Im looking at as to compare it to other companies, but will be checking others.
Hey Ben. Big fan. Where do you think the 10 year treasury and rates are headed?
I think the long tail is higher in the 4 range 10 yrs from now. I think the next 3 years is .5 to 1.8 in the middle we should see trading between 2-4.
@@BenAnderson365 Thanks Ben. Quick question. Looking for some cold calls,sales call classes and training. Anyone you can refer me to?
Chris G I just Launched THE ACADEMY
Peep it out
www.benanderson365.com/pages/membership
How has the coronavirus affected the mortgage market?
Changes every day, it was booming a couple weeks ago
Hey man is it possible to be successful and start at 18 and get my license I’m 16 and really interested
Absolutely! If you work hard and stay consistent, you’ll see the success 👊
Start learning! You won’t regret it. You’ll be ahead of the people who are starting same time as you. Maybe some of the ppl whose been there
Hi Ben I will be taking an MLO class in the beginning of October and after I finish and pass the NMLS I was wondering is it best I start off in the business by working at a bank?
Will the bank provide you with leads?
I would definitely work for a company that generates leads and teaches you how to do the same.
Ok thank you for the advice. So many ppl were telling me to start in a bank to get the experience but that is not how I really wanted to go.
#NonBankConsumerDirectLending
@@jennifer-227 you got this ! I passed mine last month with a 85 % . Focus alot on federal laws and mortgage products / mlo activities . Stick to what you studied and dont let the questions fool you . I'm 24 , dont have any prior mortgage experience, but I come from the automotive industry I did finance/sales for 4 years . I was offered positions with a few banks and I'm going with a non depository bank that's giving me leads, willing to train me and pay my licensing in multiple states ( usually when companies give you leads and train you , you'll take a BPS cut). My goal is to convert those leads , but to also build my name and network myself with realtors in the area ( socal irvine area ) , I currently have a dozen that I've sold cars to and family friends that are in the industry . I know that if I establish great business relationships with realtors and customers my name will grow slowly but surely. It worked great for me in my previous gig . Thank you for the solid advice Mr Anderson , I'll take all the advice from a seasoned vet like you .
Bertin C thank you for the encouraging words, I'm really looking forward to this new career in my life. Did you find the non depository bank or did they reach out to you?
Any book recommendations?
Thank you for following!! Book recommendations: Discipline Equals Freedom by Jocko Willink, The Relentless Pursuit of Greatness by Thomas R. Williams & 17 cents and a Dream by Daniel Milstein 👊
💯💯💯👊💪
Thank you for following!! 🙌
👍🏼👍🏼👍🏼
👊👊👊
Just out of curiosity , why do LOs get paid 1 percent of the amount for only collecting documents and punching in the numbers into the Automated Underwriting System.
I mean it’s understandable if they add value by educating people about the products but mostly all the call s that I get from lending tree of even at the bank - they don’t even want to educate me about the difference between FHA and conventional
LO's make 1-2% for closing a loan, that process of closing can take 30-90 days, I know it may seem like a lot, but the borrower does not pay the loan officer, the bank pays the loan officer. How does the bank make money? The bank collects interest monthly for 30 yrs. The profit margins are great and thats why its great to be a loan officer. Let me know if you have any other questions.
What a simple description of a loan originator.. 🙄 it's not that simple.
Raya Saya where is the complexity ? I mean there is a loan processor and an underwriting department not too mention pos tools. If despite all this support LOs find their jobs difficult , then .....
@@KaranSingh-wu8qq are you an lo?
100
👊