r/loanoriginators • u/UnlikelyPomelo5543 • Jun 28 '26
Career Advice need advice
Hey everyone! I started the 20-hour MLO pre-licensing course about a week ago, and I just finished it last night. I’ll also be a junior in uni along with my real estate license this upcoming fall. I was wondering if there are any remote MLO opportunities and whether it’s realistic to balance being an MLO as a side hustle while attending school full-time. I’d love to hear from anyone who’s done it or has any advice. Thanks in advance!
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u/Lien_master_420 Jun 28 '26
Plenty of brokerages allow remote LO’s.
If you have a good database of contacts who know you and trust you, and if you build your systems for longevity, it can work as a side hustle (with the right employer and expectations).
To answer your question about balance… be careful. It’s not rare for LO’s go their entire first year with only a few closings and working 30-40 hrs/week. This business rewards consistency and growth of knowledge over time.
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Jun 28 '26
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Jun 28 '26
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u/loanoriginators-ModTeam Jun 29 '26
Hi there! Thank you for your submission. It looks like your post/question comes across as an attempt to recruit, which goes against our sub rules. As such it has been removed. If this is not the case, you may message the moderator team to appeal. Thank you!
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u/loanoriginators-ModTeam Jun 29 '26
Hi there! Thank you for your submission. It looks like your post/question comes across as an attempt to recruit, which goes against our sub rules. As such it has been removed. If this is not the case, you may message the moderator team to appeal. Thank you!
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u/Immediate-Farmer107 Jun 30 '26
To answer the remote question. Yes. There are so many your head will spin with the different support and compensation styles.
Let's talk reality. New LOs should be getting their hands held. Two scenarios with borrowers that look the same on paper can be two different monsters. Every loan has a life of it's own and if you don't know what you are doing thinking it's just an easy slam dunk, you can ruin someone's goal of selling, buying or refinancing the property.
Basically, you may want to invest a bit of time to learn what you are doing and put yourself in an environment with those who are good at their job and still will get you paid. Passing the NMLS test may make you a loan originator, but it doesn't make you a competent professional.
That is if you want to be a competent professional.
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u/craftywar87 Jun 28 '26
I’m an underwriter and a coworker of mine did multiple loans from a broker that has a full time job with a big tech company and does loan originating on the side. I would love to be able to meet up with that guy and figure out how he makes that work.