Mortgage Banking: Is it for you?

brokerages and companies have licensing requirements determined by their state. Each state’s department of professional regulation can provide information about their licensing requirements.

Since mortgage loan officers are usually paid on commission, their pay can fluctuate with the number of loans that they write. Most earn between ,000 and ,000 per year, with the top earners earning about ,000 and up.

Mortgage banking professionals will review credit scores, determine the type of loan that is best for the customer and guide them through the application and closing process. Detail oriented and very organized, the loan officer handles the many paperwork and