How to Become a Loan Officer in Your State

How to Become a Loan Officer in Your State

Do you want to make a ton of money in a career that is very rewarding? Do you want to help people get out of debt and save money, while you make a ton of cash and live the life you have always dreamed of?

Loan Officers make a lot of money and are very helpful with people that are in debt. Now the only problem is how do you become a loan officer?

You have two options, one, you can go to college and get a degree in finance, or two, you can get training online to become a loan officer. The online training is quicker and won’t cost as much. It is really your choice though.

The other benefits are that you can work for a non conventional lender and make more money that the college grad working for the bank. Yeah, I know it does not make sense, but it is true. Loan officers at regular banks make a larger salary, but barely make commissions, whereas loan officer that work for non conventional lenders or brokers make less in salary, but huge unlimited commissions and bonuses.

I have worked for both and I made about twice as much with a non conventional lender. I did all my training online after I got a business degree from my 4 years in college. The online training gave me more information that pertained to actual lending and selling the right loan for the customer’s needs than any college course I took. Plus I found out it was more marketable when searching for a job.

So now you can make the choice and start making money by becoming a loan officer. There are plenty of careers out there and plenty of positions that need to be filled.