Loan Officer Career - The Basics of a Successful Loan Officer Career

Published: 17th July 2008
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With the many career choices that are available it's hard to decide which one is the right career choice for you. However, if you are reading this article, it is because you probably have decided to pursue a loan officer career and are interested in learning all there is to being successful at it.



If the career that you want to learn about is indeed a loan officer career, then keep in mind that there is a lot to learn. By this I simply mean that to be good at anything you have to learn everything there is to know and it's the same with a loan officer career.



Most loan officers will start their learning process by getting their foot in the door at some kind of financial institution by being a teller or a customer service representative. This is a wonderful way to learn a lot about the banking business and how well you will like dealing with people and solving their problems.



By saying that you want a loan officer career, you are actually being very vague because there are so many different levels. You can become a mortgage loan officer, a general loan officer or several other options. Depending on what you are interested in, any one of these loan officer career choices is one that you will be happy with. If you are unsure which you would best be suited there are a number of books available that explain the ins and outs of all of them.



When deciding to have a loan officer career you have probably thought about the income aspects of it all. For some that is the main reason that they chose a career, the payout. Unfortunately though that is all that they look for as reputation and all doesn't matter.



Many loan officers that work really hard at it and make that their main focus in life have been known to make over a hundred thousand dollars a year. But they didn't earn that money by sitting and waiting on business to come to them. They worked at bringing in business and closing loans and finding more to close.



The median income for a person to have a loan officer career is around $44,000 a year with a range of $32,000 - $63,000 the average. There are some companies that will offer a commission instead of a salary whereas others will give some sort of benefits to their loan officers such as free banking services.



The hours that one can expect with a loan officer career are the usual officer hours that any business would have. Again, for those that make it their life to be closing deals to make their company the most it can, well those hours can be a little longer than the usual. Generally, when the bank is open the loan officer is there. That works the best as both the institution and the loan officer can make the most that they can when they're in the office.



Ryan Fitzpatrick is a succesful mortgage loan officer earning a respectful 6 digit income working from home. For a bundle of free loan officer tips and advice on becoming a loan officer, visit his personal home page which offers an abundance of loan officer advice: www.becomealoanofficertoday.com

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