This Domain For Sale. Contact us for more information.

How To Become a Mortgage Broker

The mortgage industry accounted for $1,815,949,279,000 in loan transactions in 2004. That's one trillion, eight hundred and fifteen billion, nine hundred and forty-nine million, two hundred and seventy nine thousand dollars... in one year!

Mortgage brokers average better than 1% commission on every transaction...so a conservative estimate is $18,159,492,790 to the mortgage industry in commissions last year. Eighteen billion is a lot of money to go around.

Consider a profession that doesn't require any formal schooling yet offers a six-figure plus income potential to any broker who wants it.

Here's how the business works...

A mortgage broker acts as the middle man between a borrower and a lender. The broker bridges the communication gap between the technical requirements of the lender and the non-technical demand of the borrower. And here's the best part...mortgage brokers get a cut of every loan they close.

The upside for this profession is nearly unlimited. Once you've reached a high monthly income level from your mortgage commissions you can move into other areas of the business and make huge amounts of money.

Buying second mortgages, funding choice loans yourself and buying real estate investment properties are just a few examples of the opportunities for expansion that are available to successful mortgage brokers.

If you're ambitious and want to become truely wealthy this industry will afford you every opportunity to do so.

The mortgage industry does, however, require that you master three important skills before it will reward you with success.

You have to be able to sell.

This is ultimately a personal business. You will be dealing with people every day. Knowing how to relate to all kinds of people to make sure they are comfortable during an unfamiliar and very important process is vital. Sales skills are essential to your success as a mortgage broker.

Prior sales experience is helpful but not necessary. Regardless of your sales skill level you should commit to continuously learning everything you can about sales.

You have to understand loan processing.

Processing a loan is an exercise in navigating a bureaucracy. It takes patience and a different mindset than you need when you deal with your clients. Put in the effort to make the personal relationships with decision makers at your favorite lenders...it will pay off in concrete, financially measurable, ways.

The best way to establish yourself as a professional is thorough expert knowledge. Study the loan process from front to back and really learn the in's and out's of funding a loan. It will give you insight and perspective on the business that will enable you to offer better service, faster closings and a smoother process to your clients.

You have to use effective marketing.

Without effective marketing you won't have any prospects to sell to. It's the marketing that brings in prospects. Your mortgage business, indeed...all businesses, depend on it for their very survival.

But marketing can do much more for you than help you survive. If done carefully, methodically and scientifically, marketing can propel your mortgage business to levels of financial success you never dared imagine.

Effective marketing can build a mortgage business into a cash cow...sales and loan processing can't. The greatest success in the mortgage business can be had the quickest by mastering the art and science of mortgage marketing.

This is a great industry. It offers all the opportunity you could ever want. True wealth awaits those who apply proven methods to their mortgage business.

Download your free copy of the mini-eBook "How To Become a Mortgage Broker". Gain valuable insights into the mortgage industry. Learn veteran mortgage broker techniques and strategies that are making successful brokers millions in commissions right now.

Download "How To Become a Mortgage Broker" for free at http://www.TheMortgageBrokerBook.com/freebook.htm


More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More Careers & Employment Information:


Related Articles

Job Search -- One of the Secrets of a Trade Show
A trade show is a great place to network, look for a job, find a new employee or develop a partnership.Are you in the market for a change? Maybe.
How To Choose The Right Resume Format
After a thirty (30) second glance lots of resumes get thrown into the wastebasket. One of the reasons this happens is because the resume writer has failed to use the appropriate resume format.
Find Free Resumes Online
Have you been spending money on countless job boards, only to find that they don't offer the types of candidates you need? If the answer is yes, don't fret any longer, you're about to learn crafty techniques to help you find free resumes on the net. There are numerous free resources online that offer resumes.
Yes, Ive Had Gaps In My Employment History--What To Do About It?
Yes, I've Had Gaps In My EmploymentHistory--What Can I Do About It?1. Honestly, there is not a single personwho has not had SOME gaps in theirwork history.
Job Interviews: Use the Personal Touch to Get a Job
A study conducted by the Journal of Consumer Research in 1995 showed that sales people who used their prospects' names generated a 239% increase in sales. In today's fast-paced world, that personal touch is even more important.
Yesterdays Hero
Wonder Woman makes it looks so easy. She gets up every morning, fights the good fight, calls it a day, and starts the whole process all over again.
Finding the Right Travel Nursing Placement Agency
Travel nursing is becoming one of our nation's fastest growing professions, and it's no surprise. If you love seeing new places and enjoy exciting new experiences that evoke the feeling of taking an extended vacation, then the career of a traveling nurse might be just what the doctor ordered! Travel nursing enables many people to stay on vacation for two to six months in free luxury accommodations while earning high hourly wages at the same time.
How To Write A Résumé
Figure out what you want to do.You can't write an effective résumé if you have no job target.
Job Interview Preparation - What Employers Are Looking For
When an employer decides to conduct an interview with you, there are certain things that they are looking for from you. Naturally, you are likely to focus on these things during an interview, but you should remember all of the tips in this manual because following those tips is what is going to make the employers see all of those things in you.
A Bit of Pollyanna
"Stop being such a Pollyanna," a trusted, more experienced colleague counseled as we took the long route back to my office. He had just witnessed my project idea annihilated as co-workers eagerly argued why my idea wouldn't work, where it was flawed and why it shouldn't be funded.
Recruiting Excellent Job Candidates
An independent recruiter, recruiting agency or executive search firm is charged with tracking down excellent potential candidates for available job positions. Despite the fact that there are innumerable people seeking positions of employment in the 21st century, it often seems to a typical recruiting agency that qualified men and women are few and far between.
Knowing and Guessing
The line between average and exceptional work performance is dotted with ordinary day-by-day behaviors. I was reminded of that line recently.
Top Career Advice ... More Choices and A Better Way of Life
Why Career Advice Is So ImportantChoosing a career presents a nerve-racking decision, as it can have a life-long impact on you. Do not fret, as you can gain a clearer outlook into your future by thorough career planning.
Effective Networking Skills: The Art Of Taking Your Job Search To A Whole New Level
Your network consists of family, friends, neighbors, co-workers and former employers. It also consists of your dentist, your barber or hair stylist, your accountant and your local grocery store manager.
How To Get a Job Offer From Every Interview
About four years ago a friend told me one night that she had an interview the next week and was looking for some comfort as she was extremely nervous, as most people are about interviews. I thought back on my my carreer and realized that in the nine year of my career I had been to thirteen interviews and, more importantly, that I had received a job offer from every one of those interviews.
Six of the Best for a Winning Resume
1. Be CompleteMake sure that your resume includes EVERYTHING your prospective employer would need to know to be able to offer you an interview.
Identity Theft and Your Online Job Search
While identity theft is nothing new, the Web has opened up whole new world of opportunity for identity thieves.According to the FBI, identity theft is the top online fraud.
What Do You Want To Be When You Grow Up? Something That Hasnt Been Invented Yet!
Most of us were brought up to study hard, get good grades, choose a "practical" college major, and strive for a "good job."Talk to a stranded midlife career-changer and you realize the game has changed.
7 Steps to Interviews that Win the Job
These days, interviews don't come easily. When you get The Call, make the most of your time -- and go for it!1.
What Not To Include In Your Resume
Do you have a difficult time determining what does not go in your job resume? The rule of thumb is to only put enough information about your qualifications in your resume in order to get the employer interested enough to contact you about an interview.If the information doesn't highlight your qualifications, keep it out.



/html>