I want to become a real estate loan processor, what classes do I need to take?
Posted on February 6th, 2010 in Renting & Real Estate | 6 Comments »
terry r asked:
I’ve made up my mind, I’m going back to school. I am interested in learning more about real estate because I know
that by the end of 2008 I will buy my first home and hope to invest in real estate.
6 Responses
Walk In Bathtub
Go talk to a loan officer in the real estate loan department in a bank before signing up for classes. A standard business course aimed at finance might be more likely to get you the curriculum you want. Most RE courses are geared to get you into Real Estate as a salesperson or broker, not a loan officer.
Huntsville Home Sales
Well more than likely you wont need regular school classes, real estate/ loan processing and so forth have their own classes. mostly done with a bigger realtor establishment in your area, check with them and find out how many hours you need to take and how much they cost.
Body Thermage
You don’t need classes. You need a job with a lender. I did have a real estate license before I started loan processing, but that was rare. Just start applying at banks and lenders.
Playa del Rey Real Estate
Personally, I think you need a lobotomy.
It is one of those overworked, over stressed, under appreciated, UNDER paid jobs in life.
San Diego Property Management
I can understand where unisberk is coming from, but its all about where and who you are processing for. Some brokers/lenders just give you a base salary with no performance based pay. The broker I work for pays processors both a base salary as well as pay for each loan they process and close. I’d be willing to bet that our processors make more than most starting loan officers at many other lenders/brokers. Just my 2 cents worth…
Your best bet would be to look around for established brokers in your area. I will tell you that the mortgage market is very soft nationwide, so the likelihood of these companies looking for additional employees may be low. However, if you can get in with an established broker and we have another refi-boom like in 03-04, you’d be looking at making some serious cash if you can get performance based pay.
Maryland Real Estate
Ask anyone who has already invested in a house; no matter which country they belong to.