Why College Grads Should Pursue a Loan Officer Career

Today’s college graduates are entering one of the most challenging job markets of any generation. Hiring for many entry-level jobs is postponed and competition from experienced workers is more fierce than usual. If you’re a recent college grad, you may be pivoting from your initial post-college plans and considering a new career opportunity.

As a new college grad, you can become an independent mortgage loan officer and guide borrowers to the loans that help them purchase their dream home.

Want to hear the best part? You don’t need mortgage experience to get started! Most companies will train you from the ground up.

Read on to learn why college grads should pursue a loan officer career.

Opportunities for Growth

You didn’t do all that studying and pass all those exams to graduate and take a dead-end job in a shrinking industry. Today’s homebuyers want to make decisions that are good for their heart and wallet, and they now realize that mortgage brokers offer their best chance of making it happen.

Independent mortgage brokers can partner with multiple wholesale lenders to provide more loan choices for their borrowers. Oftentimes, this means a lower interest rate and monthly payment. By providing this advantage, you’re more likely to earn future referrals from other borrowers looking for a similar experience.

Right from the start, you’ll have the ability to offer savings and service that your competition can’t match. If you want to hit the ground running in your post-college career, becoming a loan officer is a great path to take.   

A Flexible Work Schedule

It’s safe to say that remote work is more than a trend — it’s here to stay. As technology and connectivity continue to evolve, work-life balance has become more attainable. If you’ve checked out any of those new grad job boards lately, you’ve already discovered a harsh truth of the “real world/workforce”: attainability doesn’t always mean availability.

Starting a career as a loan officer in the wholesale industry means embracing freedom and flexibility. You can work when you want, where you want, and thrive in a remote work culture that partners you with essential support like processors and assistants.   

Experience that Pays

Buying a home is likely the largest financial decision an adult will ever make, and as a loan officer, your clients will count on you to guide them through the process. The top-earning loan officers continuously study the mortgage process — leveraging their knowledge to provide the best experience for their borrowers and earn more business.

Bringing your study skills to the mortgage world will help you maximize your compensation, but that’s not the only benefit. You’ll eventually want to buy a home of your own, and by that time, you’ll have closed so many home loans you can do it in your sleep. As you progress through your new career, you can become a mortgage expert for your clients and yourself.

The Tools to Succeed in Any Climate

As a loan officer in the wholesale channel, you’ll benefit from the same service and support mortgage brokers have had for years. You’re the lender’s client, not the other way around. That means wholesale lenders strive to earn your business (and your loans) by providing the expertise, speed, service, and loan products you need to help your borrowers close the deal. The top-rated lenders even offer digital mortgage tools that empower you to be productive from anywhere.

Are you ready to jump-start your career in the mortgage industry? Our team at BeAMortgageBroker.com is here to help you every step of the way.