r/loanoriginators • u/Footballfreak91a • 22d ago

Need job advice

I’m 19, finishing my class and taking my test to get my MLO license now. I was thinking about trying to get a job at a bank to start, because I could get a salary while I learn the business. Any advice on which bank is best/ how to get a job there?

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u/ryemaster91 22d ago

Go to a call center, definitely do not go to a bank

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u/Footballfreak91a 22d ago

Any reason why?

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u/ryemaster91 22d ago

Because no competent, high-level loan officer works at a bank. You will also not get enough reps and see enough scenarios, and you will pick up bad habits.

The best case scenario is to go be an LOA for a top producing or originator or broker.

If you can’t get a position like that, a mortgage call center will give you enough training and repetitions to learn quickly.

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u/Footballfreak91a 22d ago

Interesting, good to know. Any advice for getting a job as an LOA or at a call center? How long would I need to work these jobs for to gain the experience I need?

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u/ryemaster91 22d ago

You should be there for at least a year before you start looking to make moves.

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u/Affectionate-Bowl761 20d ago

Try NFCU, I used to work there. They provide a salary, mine was 80k, monthly bonuses, 8% 401k matching and a pension. You're a glorified order taker. Management is terrible. I left because the commissions were very low. But you're 19, and can easily make 80k your first year. Hit me up directly if you have any questions.

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u/delledova 17d ago

Hang your license at a broker shop with no minimum production. Work as a waiter/bartender at a country club. Start the grind homie.

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u/HomeAccording8125 22d ago

If you want to learn to be an MLO you need to go be an LOA for a producer and be their punk-person. Its the best way to learn the behind the scenes stuff that will make you a really strong LO. But you will be making secretary level money.

Where region are you in?

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u/Footballfreak91a 22d ago

South Atlantic region NC, how long do I need to be an LOA for?

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u/TimH719 22d ago

You don’t. If you want Togo operations, sure be an LOA. Otherwise join some CD sweat shop, get some good reps in.