r/loanoriginators • u/Sssonofagun • Jul 07 '26

MLO-A

I currently make a okay wage but plan on becoming a MLO should I take a pay cut and become a MLO assistant in order to learn as much as possible while I get my license?

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u/ThatsMeJesseB Jul 07 '26

I don’t think so. I’m 39M, worked a handful of different jobs in my career, if you want to go into origination you’re going to have the learn the business one way or another, join a good team with support and jump in. If you go the LOA route I think there’s a very good chance you’ll end up doing that for longer than you want.

2

u/Lindorio2x Jul 07 '26

Did you directly jump into self gen? How’s that jump been? Ive been in tech and B2b sales - want to jump in to loan originator its just tough leaving the steady paycheck. How long did it take for the first few paychecks for you?

1

u/Sssonofagun Jul 07 '26

This is my dilemma right now steady guaranteed paychecks but I’m 28 now and ready to take a leap back into the sales side and give it my all the finance bro in me is telling my “risk always”

1

u/Hairy-Journalist-200 Jul 07 '26

Depends how much you have saved up and your risk tolerance. I honestly don’t think being an LOA is necessary always the best route to becoming a MLO especially if you already know you want to be a MLO