C asked:


I have an interview with a mortgage company tomorrow hiring a loan officer. The owner mentioned he typically hires for commission only, but has in the past and considered a small base salary plus commission to get started.

The Economy: Rates are historically low on mortgages, home prices are low, but banks are not lending.

Do you think I could make money? I have 7 years sales experience. How much do loan officers make?

drewstep3 asked:


I am looking to become a Independent mortgage broker and I just need advice on how to start it. I already know the state requirements and about the licensing, I am located in North Carolina. I just want to know about starting up like how to build a relationship with a banker and submit to them independently. I just want to know everything I need to start. Anyone that wants to continue giving me advice will be greatly appreciated thanks!

ABC asked:


What exactly do commercial property mortgage bankers do?

Do they need a license?

Do they get paid by commission or salary?

Average pay for someone starting in the biz?

Pros and cons and your overall impressions of the industry?

Alexis asked:


For anyone that is currently a loan officer, broker, AE, etc. Where do I get quality mortgage leads from? Can I get some good referrals? Exclusive leads that are not over priced. Many of the lead suppliers are big ripoffs and I hear too many bad stories. I need leads!!! Cold calling doesn’t work for me. I personally do not buy anything from a telemarketer PERIOD so I do not want to do business as a telemarketer myself. Personally I do not think that cold calls are professional no matter how people swear it’s the best way to go. I prefer speaking to people who has requested to speak with me. Please help! Thanks!

Dennis S asked:


I simply cannot seem to find legitimate information on becoming a mortgage broker in California. Many of the web sites that purport to have information really share very little of anything and some are just plain frauds. I’d like to find information on mortgage broker training and possibly information on finding a school (preferably Los Angeles) where I can get training on becoming a mortgage broker.

Mike asked:

I am a Mortgage Broker looking for some good ideas for advertising. What is the funiest or best mortgage ad anyone has seen? Any loan officers out there with any creative new ideas?