Hallo…
I’m a new MLO (Mortgage Loan Originator) and I’ve got a few job offers on the table. I’m trying to decide what’s the best way to kick off my career: should I go with a broker or a lender?
What are the ups and downs of each? I’d love to hear your experiences and any tips you have for someone just starting out.
Your response is welcome…
Usually, lenders interact directly with borrowers to establish rapport and gain a personal understanding of their demands.
In-house underwriting, processing, and closing teams are common among lenders, which makes the process more efficient.
Brokers operate their businesses with greater liberty, choosing their own schedules and handling their own workloads.
Do you wan t greater flexibility and control over your employment or do you want to have a long-term career with a particular lender?
To have a deeper grasp of the sector, it might be beneficial to look into local lenders and brokers, talk to experts in the field, and think about enrolling in a mortgage loan originator course.