Why Become a Mortgage Loan Officer?

Do you like to help people? Do you relish being involved in big decisions? If you do, you should look into becoming a mortgage loan officer as a career option.

Buying a home is the largest investment many consumers will make during their lifetimes. As a mortgage loan officer, you have the opportunity to help people achieve the American dream of owning a home. With your help, people can feel confident they’ve invested wisely when they purchase a residence of their own.

When someone comes to you for help with securing funds to buy a home, it’s your responsibility to find lending options that are suitable for their unique financial situation. While it may take some hard work to find a suitable mortgage which has the most favorable terms for your clients, your effort will pay off every time you succeed in securing a mortgage for a future homeowner.

As a mortgage loan officer, you truly have the skills and resources necessary to make dreams come true.

Benefits to Becoming a Mortgage Loan Officer

While savoring the satisfaction that comes with helping people finance a home is certainly one benefit of becoming a mortgage loan officer, this career path offers some other key benefits you may find attractive. Here are some of the other advantages you can enjoy if you decide to become a mortgage loan officer:

  • Flexible Schedule: Many mortgage loan officers enjoy the flexibility of being able to work where and when they want. Although some employers require their loan officers to rent office space and work in their office a certain number of hours every week, others allow you to work from home and set your own hours. If your employer allows you to work remotely, you’ll generally have access to the same tools you’d use in the office and you’ll normally be able to work at your own pace.

A flexible schedule gives many mortgage loan officers the chance to establish and maintain a healthy life/work balance.

  • Establishing Relationships: The relationships mortgage loan officers are typically able to establish with their clients is another rewarding aspect of this line of work. When you discuss a person’s finances with them in the detail that’s necessary for you to secure a loan on their behalf, there has to be a significant amount of trust between you and your client.

Because of the intimate nature of the information you’ll discuss with your clients, it’s important that you’re able to put your clients at ease and demonstrate you’re trustworthy throughout the loan origination process. If you’re successful with this, it’s likely your clients will call you in the future if they decide to purchase another property. Given the sensitivity of the information your clients will share with you, many of them will probably prefer to work with you again instead of having to start all over with someone new on a subsequent transaction, as long as you’re able to establish a trusting relationship with them.

In addition to earning repeat business, you’ll often enjoy the added benefit of getting referrals when you maintain healthy, trusting relationships with your clients.

  • Job Growth: According to national research, demand for mortgage loan officers will increase by eight percent between 2014 and 2024. If you’re thinking about becoming a mortgage loan originator, now is a great time to consider making a move, because an estimated 24,500 mortgage loan officer positions will become available throughout America between 2014 and 2024.

If you’re looking to make move into an industry that offers meaningful benefits such as the chance to help people fulfill their dreams and the opportunity to strike a healthy balance between your work and family life, consider becoming a mortgage loan officer.