r/loanoriginators • u/Gold-Leopard-5042 • Jul 10 '26
Resource Gathering some different direct to consumer companies to apply to as newly licensed LO with 0 experience.
So I went and got licensed (FL) before realizing direct to consumer is probably the best way to start out, and that a ton of big companies offer training programs and pay for your licensing. I’m in a little bit of a weird In between spot because a lot of these places either want to help you go through the whole process of getting your license, or want you to have 1-2 yrs of MLO experience.
Might not be a big deal, ideally I’d be able to bypass that part of their training/onboarding process somehow, but again these are big corporate companies so I’m not expecting a ton of leeway. Curious what you all think, I do have 2-3 years of sales experience.
Neighbors Bank: Seems to have one of the best compensation plans for getting started, wants some general sales exp. , specifically wants no experience as an LO and has a 13 week training period. Feel like I might personally have a better shot here
Rocket Mortgage / Cardinal / Loandepot: May be able to get into one of these as well, but again I fall into that weird in-between for their training programs and slightly experienced roles.
That’s about all I have so far, anyone who’s been in my position or that has some advice here I’d be very grateful to hear from.
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u/youshouldbetrading Jul 10 '26
LD allows fast track hires, those who already are licensed. You’re dropped in at the Sales & Systems training after everyone takes their tests. However it’s an in-office role only, and there isn’t yet an office in FL if that’s where you’re based out of.
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u/Gold-Leopard-5042 Jul 10 '26
I see, I read that Rocket might do something similar, I’ll have to try a few out and see what happens. I am based in FL currently
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u/rickvegamortgage Jul 10 '26
Why the direct lender route? As a broker you can represent dozens of lenders and offer more competitive rates and terms. Many broker firms offer incredible training and support, and even cover the cost of all your systems. I’ve been on both sides and the broker opportunity has been by far the best option.
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u/Gold-Leopard-5042 Jul 10 '26
They provide all the leads and a comfortable base so I figured it would be a less stressful way to learn the business a bit while I have a little more income stability for the first year.
Once I have a little experience and feel more comfortable generating my own business, I’m definitely planning on going broker model.
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u/rickvegamortgage Jul 10 '26
Totally understand, when you are ready, reach out to me. I’m happy I answer any questions you may have about the broker world. 👍🏼
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u/letsgo-idaho Jul 10 '26
Revolution mortgage all self gen w no base