I’ce ran into some shoppers lately who think it’s all bout rate…rate…raw based on hearsay. How do you get borrowers to fully understand and guides th that it’s about more than just rates and more so how the loan is structured and etc
50% LTV
Primary
SFR
Strong credit
$3M seems to be the norm but my client is looking for $3.5M- $4M and I don't want to chase an exception.
TIA
Does anyone know any good DSCR lender for a 5 unit multifamily? Rates need to be in the mid 6's. Purchase price was $1.2
Hi everyone — I’m looking for guidance on breaking into a Loan Officer Assistant, Loan Processing, or Mortgage Operations role.
Next month marks one year since I graduated with a Business Communications degree from a NYC college. I know my degree is broad, which has made things challenging, but I’ve developed a strong interest in loan processing and underwriting and I’m committed to starting from the ground up.
I’ve been actively applying to entry-level and trainee roles (even those with “no experience required”), tailoring my resume, expanding locations, and reaching out to professionals — but haven’t been able to secure an opportunity yet. I understand the job market is tough, but I’m determined to get my foot in the door.
I’m very humble, reliable, personable, and eager to learn — I just need someone to give me a chance to prove myself.
I’m based in NYC but fully open to relocating if given enough time to prepare and secure housing.
If anyone can point me toward companies actively hiring or is willing to refer me, I would truly appreciate it. I’m also willing to compensate anyone who refers me, and I’m happy to connect over Zoom beforehand so you can get to know me and see if I’d be a good fit.
My DMs are open, and I’m happy to send over my resume to anyone willing to take a look or help in any way.
While I truly appreciate any help, I kindly ask to avoid general advice like “just network” or broad suggestions — I’m specifically looking for direct leads, companies, or opportunities that are actively hiring and open to training entry-level candidates.
Thank you in advance for any help — I genuinely appreciate it.
Angel Oak, Change, or Clear Edge? And why? Thank you.
2.The rates are not low enough.
3.Not enough savings.
I do have rebuttals, and they do work at times but there’s times I feel like I could’ve said something better. Any suggestions? I’m sometimes too logical and answer their concerns but maybe I need to be more on the emotional side.
I’m looking for some guidance from people already in the industry.
My long-term goal is to become a loan officer, but I don’t think jumping straight into a commission-only role with no experience is the smartest move. I’d rather build a solid foundation first and actually understand how deals work before taking that step.
For background:
I’ve been running my own online resale business for ~5 years (buying/selling, managing margins, etc.)
I’ve also spent a lot of time studying day trading, so I’m comfortable with risk/reward and analyzing numbers
I have an associate’s degree
I’m around real estate pretty often—my girlfriend is an agent, her partners are in the business, and I have family that flips houses consistently
I’m interested in this space because I like the idea of:
Working toward high income potential
Being around people more
Helping clients through major purchases like their first or dream home
My main question is:
What roles would you recommend starting in to learn the loan/mortgage side while still earning a base income?
I’ve been looking into things like:
Loan processor
Loan officer assistant
Mortgage company entry roles
But I’d really like to hear from people who’ve actually done it:
Where did you start?
What helped you learn the fastest?
Anything you wish you did differently early on?
Also, if anyone has insight specific to getting started in Missouri, I’d appreciate it.
Thanks in advance—just trying to approach this the right way and not skip steps.
I've seen some brokers who advertise that VA doesn't have a minimum score. Do you guys actually close any VA loans at low scores that have multiple open collections and recent lates?
Its highly unlikely you'll get an aus approval so most of these will be manual underwrites.
VA states that reestablished credit is obtained 12 months after the last derogatory item was resolved/paid.