- Interpersonal communication skills – you’d be dealing with different people with different mindsets. How would you react to their personalities? If you are already in a sales or advisory career, you know how to deal with challenging situations when dealing with other people.
- Managerial skills – Being detail-oriented is a plus when you are a loan mortgage officer. You’d be dealing with people and their expectations, resources – time, money and people, paperwork, and much organizational planning.
- Ability to analyze – this skill will come in handy when analyzing your clients – their credit history and rating, ability to repay, and the market trend.
If you think these are qualities you possess, or this is a career you can do, you can start earning and get commissions and bonuses.
The first step to do is to become a licensed mortgage loan originator or mortgage loan officer. Requirements differ from state to state, but to be a mortgage loan officer in Illinois, Texas, and Florida, to which American Mortgage Corporation operates, you need to visit the Nationwide Multistate Licensing System & Registry site and get your NMLS account and ID number.
Here are the basic requirements to be a mortgage loan officer in these areas:
- Illinois – complete your mortgage Pre-license Education (PE) and then pass the licensing exam. Using your NMLS ID, you then apply for your Illinois mortgage license.
- Florida – you need to complete the mandatory 20-hour NMLS pre-licensing course, pass it then apply for your NMLS license.
- Texas – same with the other states, you need to have the NMLS account and ID number, complete your pre-license education, pass it and apply for your TX MLO license.