| |
| |
|
Careers & Employment Information |
|
|
|
How To Become a Mortgage Broker
The mortgage industry accounted for $1,815,949,279,000 in loan transactions in 2004. That's one trillion, eight hundred and fifteen billion, nine hundred and forty-nine million, two hundred and seventy nine thousand dollars... in one year! Mortgage brokers average better than 1% commission on every transaction...so a conservative estimate is $18,159,492,790 to the mortgage industry in commissions last year. Eighteen billion is a lot of money to go around. Consider a profession that doesn't require any formal schooling yet offers a six-figure plus income potential to any broker who wants it. Here's how the business works... A mortgage broker acts as the middle man between a borrower and a lender. The broker bridges the communication gap between the technical requirements of the lender and the non-technical demand of the borrower. And here's the best part...mortgage brokers get a cut of every loan they close. The upside for this profession is nearly unlimited. Once you've reached a high monthly income level from your mortgage commissions you can move into other areas of the business and make huge amounts of money. Buying second mortgages, funding choice loans yourself and buying real estate investment properties are just a few examples of the opportunities for expansion that are available to successful mortgage brokers. If you're ambitious and want to become truely wealthy this industry will afford you every opportunity to do so. The mortgage industry does, however, require that you master three important skills before it will reward you with success. You have to be able to sell. This is ultimately a personal business. You will be dealing with people every day. Knowing how to relate to all kinds of people to make sure they are comfortable during an unfamiliar and very important process is vital. Sales skills are essential to your success as a mortgage broker. Prior sales experience is helpful but not necessary. Regardless of your sales skill level you should commit to continuously learning everything you can about sales. You have to understand loan processing. Processing a loan is an exercise in navigating a bureaucracy. It takes patience and a different mindset than you need when you deal with your clients. Put in the effort to make the personal relationships with decision makers at your favorite lenders...it will pay off in concrete, financially measurable, ways. The best way to establish yourself as a professional is thorough expert knowledge. Study the loan process from front to back and really learn the in's and out's of funding a loan. It will give you insight and perspective on the business that will enable you to offer better service, faster closings and a smoother process to your clients. You have to use effective marketing. Without effective marketing you won't have any prospects to sell to. It's the marketing that brings in prospects. Your mortgage business, indeed...all businesses, depend on it for their very survival. But marketing can do much more for you than help you survive. If done carefully, methodically and scientifically, marketing can propel your mortgage business to levels of financial success you never dared imagine. Effective marketing can build a mortgage business into a cash cow...sales and loan processing can't. The greatest success in the mortgage business can be had the quickest by mastering the art and science of mortgage marketing. This is a great industry. It offers all the opportunity you could ever want. True wealth awaits those who apply proven methods to their mortgage business. Download your free copy of the mini-eBook "How To Become a Mortgage Broker". Gain valuable insights into the mortgage industry. Learn veteran mortgage broker techniques and strategies that are making successful brokers millions in commissions right now. Download "How To Become a Mortgage Broker" for free at http://www.TheMortgageBrokerBook.com/freebook.htm
MORE RESOURCES:
Employment - Google News |
|
|
|
RELATED ARTICLES
Personality Testing; Myth and Realities It is commonly believed myth that personality testing instruments can measure your personality and predict your future behaviors. The pre-employment testing mechanism has been following this creed without any solid evidence. The Top Ten Ways to Jump Start Your Career 1. Do What You Love. Doing What You Love What do you want to be when you grow up? I'm sure you were asked this question at least once when you were a youngster. When asked the question, did you have an answer at the ready, or did you need a few minutes to think about it? We all had dreams of becoming something great, like a fireman, a teacher, or a rock star, just to name a few. Your First Summer Work in the UK - Picking Strawberries The Right Way Most jobs on farms in the UK involve picking strawberries or berries in general, raspberries and possibly other berries with which I have not have the lucky chance to pick.Picking strawberries is very demanding and hard work and if this being your first summer job, then it will take lots of patience and clear mind. Tips For Successful Job Hunting: How To Get A Job Without A Resume I am in my mid-thirties, and, as you can imagine, I have changed and looked for jobs many times in my life. No matter how successful was in my job hunting research, I realized that there are certain ground "rules" that need to be respected; otherwise, we will not get what we want from our careers. Negotiate Better Job Offers with This Twelve-Point Checklist You've been through an employer's interview process successfully and have now been extended a job offer. And you think the offer could be better. Benefits of Maintaining a Career Portfolio Have you ever tried to contact a past employer only to discover they are no longer in existence or your former manager has moved on and been replaced by someone else? Of course, if you are an avid networker this shouldn't be much of a problem when it comes time to provide proof of your experience, education and accomplishments. A portfolio of your career should be developed and maintained using all documentation of your career history in order to overcome any problems that could arise in proving any aspects of your career. Wishing and Hoping Years after Disneyland was built, after the completion of Walt Disney World, the story goes that someone went up to Mike Vance, Creative Director for Walt Disney Studios and said, "Isn't it too bad Walt Disney didn't live to see this?" Without pausing, he replied, "But he did see it, that's why it's here."If any outside figure influenced my life early on, it was Walt Disney. Tales From the Corporate Frontlines: Here Today, Gone Tomorrow This article relates to the Job Security competency, commonly evaluated in employee satisfaction surveys. After a large scale cut in personnel, this particular group of employees needed some extra support. Sample Resume Objectives: Read, Dont Copy The resume objective statement is typically something that trips people up.Confronted by the silent challenge of the blank page, most folks Google for "sample resume objectives". How I Joined the Outsourcing Revolution Mention "outsourcing" to a programmer and you may as well be uttering profanity. The word suggests all the evils that have befallen the Information Technology sector since the Internet bubble burst a few years ago. Gray Hair, Black Prospects If you're reading this article, I'm sure I don't have to tell you that discrimination has become much more sneaky than in the past. No one comes out and say, "We're not hiring you because you're too old. 10 Tips For Writing A Winning Resume Your resume (or curriculum vitae), combined with the cover letter, are the master keys to opening the prospective employer's mind and door so that you can proceed to the next step in the process - the big interview!RESUME WRITING TIPS AND STRATEGIESHere are 10 valuable tips for anyone writing their own resume, or who is having someone else write one for them. These tips and strategies are an abridged version of what is contained in my new eBook, "Instant Home Writing Kit". What to Ask During the Interview Don't just sit there and bob your head, waiting to answer the next question - be prepared to ask your own questions and make the interviewer know that you care!Ask Them About the Company If you have researched the company, you should know something about their core business. Use the information that you have found to ask good questions about the company. 9 Tips on Creating a Professional Emailed Job Application With the advent of the Internet, many of us have the opportunity to apply for work through email.However, just because this is the Internet and email is so fast and convenient, that does NOT mean you should give up professionalism and polish!FIRST IMPRESSIONS COUNT. Job Interviews: Identifying & Using Your Most Important Asset When you're looking to get hired or get promoted, what do you think is your most important asset? Your experience? Knowledge? Skill? Talent?While all of those are advantages that will help you achieve your goals, there's one thing that's more important than all of them combined.Your attitude!Let me illustrate my point. The Career Athlete: What It Takes to Manage Your Career Managing your career, just like managing your life, requires preparation and ensuring that your time is directed meaningfully. Don't wait and see; make things happen. Don't Be Too Passionate About Your Work Of course, she then offered me a six-month process, costing thousands of dollars to get me back on track. However, I must say she was ethical in her approach and suggested I get a medical check up to rule out any physical or mental-health issues. Job Layoff: Confronting Why Me? Perhaps you saw it coming. The fall in company stock prices. Networking Masterclass - Part 2 Practicing Altruism Practicing Altruism The 'Golden Rule' occurred in the Greek and Chinese cultures thousands of years before the Christian era: "Do unto others as you would have them do unto you." The spirit of the Golden Rule is one of generosity and altruism and is at the heart of any personal networking and 'right' living.
|
| home | site map |
| © 2006 |
