Are you ready to make the life-changing switch to wholesale and take advantage of what ‘going independent’ offers you as a mortgage broker or loan officer? Our team at BeAMortgageBroker.com is here to help you every step of the way.

A CHANCE WORTH TAKING

Helping people with the biggest financial transaction of their lives is one of the most rewarding parts of being a mortgage loan officer. But what happens when you are unable to provide the best loan product options to the people you are trying to help? That’s what led Chance to become an independent mortgage loan officer.

HESITATION BRINGS MOTIVATION

Prior to making the transition to the wholesale mortgage channel, Chance worked for a large credit union in Arizona. Over time, Chance realized that the products and rates that he could provide at the credit union weren’t as good as what was available for loan officers in the wholesale mortgage industry.

“As more and more friends and family would ask me questions about mortgages or their own personal transactions, I was always so hesitant to offer my own company’s product,” said Chance. “Because I didn’t have a belief in it. Ultimately, I knew it wasn’t the best thing out there. So it came to the point where I said if I can’t offer that, maybe I need to make a change.”

Once Chance came to that realization, he didn’t need to look any further than his own personal home buying experience to determine what his next step would be.

RELYING ON HIS OWN EXPERIENCE

As he surveyed his career options, the first person that came to mind was the independent mortgage broker shop that Chance had worked with for each of his last two personal home loan transactions.  

“I never once thought of financing with my own company because our rates weren’t very good. I knew closing would take 60-90 days and it just wasn’t a process I wanted to go through personally,” he said.

Chance decided to ‘shoot his shot’ and told the broker that he’d like to work with him.

“Within minutes of meeting with him, I said, ‘Yes, I need to become a loan officer with this broker. I need to go to the wholesale broker channel.’ There’s just so much opportunity and it was an instant fit.”

Chance admits that he did have some doubts about leaving the safety and security of his old job with the credit union. But it didn’t take long for him to see that he’d made the right move.

“By becoming a loan officer and an entrepreneur, you’re setting yourself up for the best success versus relying on a company to set you up for success,” said Chance.

THE ABILITY TO HELP ANYONE

With access to lower rates and more loan products, Chance quickly realized that the wholesale mortgage broker industry offered him everything he’d been looking for – the ability to help anyone find a mortgage that fits their specific needs.

“It’s such a good feeling to know that on any given day, I can come across someone and shop around for them,” said Chance. “I can come across any client and say, ‘OK, here’s your situation. Let’s go to a lender that’s going to match up perfectly with that.’ And having that flexibility, it just can’t be said until you come across that experience.”

On top of that, Chance now has a clear vision of his future. Being an independent loan officer gives Chance the opportunity to maximize his income and provide the best lifestyle that he can for his family. It also puts him in a position to help as many people as he can, including those friends and relatives who come to him asking for a mortgage.

“I know that for the next 20 to 30 years, this is what it’s going to look like,” said Chance. “It’s completely changed my life and it’s changed the life of those I’ve been able to help — that before I would not have been able to help.”