What makes a good loan officer?

What makes a good loan officer?

One thing that sets apart excellent loan officers from average is their love for what they do. It is apparent when a loan officer hates what they are doing, but through positive energy and attentiveness to customer needs, passion from a loan officer shines.for improving your credit before shopping for a mortgage!

How much does it cost to originate a mortgage?

For example, a borrower with a loan amount of $100,000 can expect to pay around $500 to $1,000 in mortgage origination fees. Do Loan Officers Need To Be Licensed?

What is a mortgage loan originator (MLO)?

A mortgage loan originator (MLO) is a person or institution that helps a prospective borrower get the right mortgage for a real estate transaction. The MLO is the original lender for the mortgage and works with the borrower from application and approval through the closing process.

What does a good mortgage loan originator do?

Good mortgage loan originators will go out of their way to make sure that their clients understand what the mortgage process entails, especially first-time home buyers. This way, you’ll know what loans you are eligible for and what their basic requirements are. You’ll also know what specific documents you’ll need to provide in order to qualify.