Working as a mortgage loan specialist and ultimately finding the right company to work with in beginning your net Branch career. There are several possibilities when starting out in your Net Branch career. Some will take the path of a broker or find work with one local lender in their area and another bank branches across the United States. Others will decide to work for a local mortgage bank where the local mortgage broker or brokerage shop is Branch Companies simply certified in one or a few states. Either way there are many employment opportunities.
Working for your Net Branch involves much more than just working as an employee in your mortgage company. You will also be responsible for many things. The majority of loan officers begin their jobs by working for the Net Branch as an assistant branch manager. This is where you would meet new people, handle some correspondence and perform other administrative duties as needed. Once you have this experience under your belt you can look for better opportunities with the Net Branch.
Once you have completed a degree from a Net Branch school, you can look for a position as a branch manager in the actual company. Often, the Net Branch will outsource positions to various local mortgage companies where graduates with degrees are working. You will need to apply for the manager position in the actual company. There will be an application process and a final exam. This is not the only application process involved when applying for jobs as a Net Branch manager but it is the most common.
If you are not satisfied with your current position and do not want to relocate to another Net Branch office, then you might consider becoming a broker. A broker is a direct sales professional, who works directly with the mortgagee and lenders. Each Net Branch office has a department that brokers can apply to depending on their location. As a broker you will have the opportunity to go to meet with loan officers and lenders to sell their products and services. You will also be able to give presentations to potential clients and present case studies of your success with other mortgagees. All of these things can help you get an interview with a loan officer once you have completed your training and been hired by a Net Branch office.
If you are interested in working as a Net Branch agent you will need to take the national licensing exams provided by the National Association of Mortgage Brokers and the National Association of Realtors. Many graduates fail to take these tests because they feel that they are not experienced enough to pass the examination. This is a big mistake. The reason you failed to pass the exam in the past is because you did not have the knowledge or experience to pass the exam. You should keep in mind that being a licensed loan officer is not just about passing the exam, it is about being an expert and having a long-standing reputation as an expert in your field.
Another great Net Branch opportunity that many people do not realize is that many of the top origination brokers work at the Net Branch as licensed loan originators. While many Net Branch offices offer origination loans and mortgage brokerage services, the ones located at the main office buildings in Atlanta and Charlotte serve primarily as origination banks. If you are interested in becoming a licensed loan originator, you may want to consider taking an online course that will teach you how to become a Net Branch licensed loan originator and what it takes to become one.