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Become familiar with mortgage terminology. Understanding the terms that are unique to the mortgage process prior to meeting with your licensed crosscountry loan officer can make everything easier to understand. Explore our Mortgage Glossary to become more familiar with loan and mortgage terms. Establish your budget.
Some loan officers are highly specialized. They can deal in consumer loans to people, commercial loans to businesses, mortgage loans for real estate, or in loan collection. Some loan officers also travel extensively to meet with clients at businesses or homes. The average salary for loan officers in 2012 was $59,280.
Analysts at Moody’s Economy.com predict that mortgage defaults will peak at 2.5 million in 2008 and fall to 1.6 million in 2009. They expect 4.5 percent of all outstanding mortgage loans to fall delinquent by the end of 2008 and remain there through mid-2009.
Here are a couple tips to quickly raise your score before applying for a loan. an experienced loan officer can help you through the process. The first step to becoming a home owner is to get.
Try this: Answer the questions you encounter in your day-to-day life as a mortgage loan officer, offer tips and how-to guides, or just share industry adjacent .
Chief Mortgage Officer at iCompareLoan. Find out money saving tips here. Whether you are looking for a new home loan or to refinance, the Mortgage broker can help you get everything right from.
Scott Sheldon is Senior Loan Officer and consumer advocate based in sonoma county. scott has been originating home loans for nearly decade. His weekly consumer articles offering key mortgage insight.
How to Become a Mortgage Loan Officer. Loan officers help people procure loans for houses and businesses helping people buy houses and other types of real estate. All mortgage officers must be licensed by the federal and state governments,
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As a twelve-year owner/branch manager and Colorado Regional Manager for Fairway Independent Mortgage Corporation (the eleventh largest correspondent lender in America), I get to meet loan officers.