For more information on becoming a loan agent, click the following link: become a loan broker.
What Is A Loan Agent?
A loan agent is an individual who assists clients in the many
facets of obtaining a loan, such as finding people or companies who are willing
to lend money to the client, completing a mandatory loan application, and all
additional paperwork that is necessary to fulfill the loan application.
What Is The Purpose Of A Loan Agent?
The purpose of a loan agent is to facilitate the acquisition of
a loan or loans by collecting information from both the client and the business
that the client wants to purchase so that an informed decision can be made
regarding the quality of the loan and the likelihood of repaying the loan. Many
persons find that a loan is the only way that they can afford a car, house,
college education, etc. Similarly, loans are usually essential to start a
business in addition to purchasing inventory and/or invest in the necessary
equipment. A loan agent will search for and locate clients and help them in
completing the loan application process.
What Are The Benefits Of Being A Loan
Agent?
As a loan agent, you can earn a high six-figure income. There
are many benefits to becoming a loan agent such as being able to work from your
home or office, there is no selling involved, there is no previous experience
necessary, no employees, no special equipment needed, no office rent, and no
inventory required.
How Can I Become A Loan Agent?
Educational Requirements for Loan Officers:
To work as a loan
officer one must generally have a bachelor's degree in finance, economics or a
related field.
Other Requirements
for Loan Officers:
Job candidates for
loan officer positions should be familiar with computers and their applications
in banking. While there are currently no specific licensing requirements for
loan officers working in banks or credit unions, training and licensing
requirements for loan officers who work in mortgage banks or brokerages vary by
state. These criteria also may vary depending on whether workers are employed
by a mortgage bank or mortgage brokerage.
Advancement of Loan
Officers:
Capable loan
officers, once experienced, may move to larger branches of their firms or to managerialpositions. Some
may eventually supervise other loan officers and clerical staff.
Job Outlook for Loan
Officers:
Employment of loan
officers is projected to increase about as fast as the average for all
occupations through 2018. Those with college degrees or experience have the
best prospects.
Quicken Loans Recruits Loan Recruitors
Quicken Loans Recruits Loan Recruitors
