New MLO in Florida Need Guidance
I currently have an onboarding meeting scheduled with Loan Factory. I’m evaluating it because of the low one-time onboarding cost and absence of ongoing monthly fees, which fits my current situation well.
I am currently employed full-time in another industry but am exploring a long-term transition into mortgage lending. I bring approximately 13 years of sales experience, though I do not have direct experience in mortgage processing, underwriting, or loan origination workflows.
My goal is to begin part-time, build competence and consistency over time, and eventually transition into a full-time loan originator role.
Given this, I would like to understand whether Loan Factory is structured in a way that allows new, inexperienced loan originators to ramp gradually while learning the business, or whether success is primarily dependent on prior mortgage experience and an existing referral pipeline.