Category Archives: loan officers

How much do real estate loan officers make in the first year?

Posted on February 5, 2012 by

I’m just starting out, and being that its a sellers market I dont want to waste my time.

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Are loan officers allowed to get referral percentage from real estate agents?

Posted on February 5, 2012 by

My real estate agent suggested a couple of mortgage companies, do these get referral percentages off that if we use them? If yes is this legal?

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How can mortgage loan officers and car salesmen sleep at night after ripping off so many people?

Posted on January 29, 2012 by

After documenting myself, doing a lot of homework, negotiating, etc, they still try to rip off by slapping fees that were not there, doing wrong calculations by “mistake”. It is a continuos fight to save my wallet from these scum … Continue reading →

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how do loan officers use your like insurance payments for credit bureaus?

Posted on January 22, 2012 by

my loan officer asked for bills that we pay on time to show good payment history i was wondering how that would affect our loan if it shows that we have been late this is for a fha loan

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Loan Officers Charge per point do they charge the fee other than that as well?

Posted on January 15, 2012 by

I want to know that lets say i have a loan of $100,000 and i am charged 2 points for that to get a lower interest rate would i be paying the LO fees other than that $2000 correct? I … Continue reading →

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What do loan officers look for on a auto loan?

Posted on January 8, 2012 by

FACTS- Credit Score 650-670 -credit stolen and agencies working on repairing it Income- 36K+ Inquires-10 and that’s due to starting up business!! Need- auto loan for 10+ for new car for my bus. Debt to Income- I make 3000+ a … Continue reading →

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Is there a list of charges that loan officers have to go by or can they charge what ever they want?

Posted on January 1, 2012 by

When looking for a new mortgage loan is there any department that over looks what is legal or not to charge someone to find them a loan? If so where do you find it and if not how do you … Continue reading →

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who do i report the loan officers to?

Posted on December 25, 2011 by

I am a brand new real estate agent, my client has a contract on a property and it the loan office has said that the paper work has been sent to the underwriter. It has been two weeks now and … Continue reading →

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does anyone know why loan officers don’t like to do loans for a property zoned industrial?

Posted on December 18, 2011 by

I’ve been trying to get a mortgage loan on a house with 3 acres, but as soon as they find out that it’s zoned industrial,red flags go up. Does anyone know why this is? as of right now there isn’t … Continue reading →

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How much do entry level Loan Officers earn?

Posted on December 11, 2011 by

I am considering starting a new job in Albany, NY as a Loan Officer, however, I would like to know a little bit more before I dive in. Companies always promise a lot .. I want to know what to … Continue reading →

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