A Day In The Life Of A Mortgage Loan Officer At Academy Mortgage
A Mortgage Loan Officer's day centers on relationship building, "reaching out to and meeting with realtors, financial advisors, CPAs," and other referral sources, while simultaneously managing existing loan files and resolving issues to ensure smooth transactions. This involves a blend of client interaction, problem-solving, and active marketing to cultivate new business opportunities.
Networking, Communication, Problem-solving, Client Relations, Sales
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Michael Chi-Ukpai
Mortgage Loan Officer
Academy Mortgage Corporation, ISAOA
University of Arizona
N/A
Entrepreneurship, Accounting
Finance (Banking, Fintech, Investing), Real Estate
Sales and Client Management
Honors Student, Scholarship Recipient, Pell Grant Recipient, Immigrant
Video Highlights
1. Building relationships with referral partners (realtors, financial advisors, etc.) is a crucial part of the job.
2. A significant portion of the day involves working on existing loans, addressing issues, and maintaining client communication.
3. Marketing and attending events to network and find new referral partners are also important aspects of the role.
Transcript
What does a day in the life of a loan originator look like?
They're busy. Normally, I start my day by reaching out to and meeting with realtors, financial advisors, CPAs, and divorce attorneys. These are people who refer clients to me in business.
A big part of my day is working on new referrals. This involves structuring loans, reaching out to clients, and advising them on their situations.
A good chunk of my day is also spent working on loans currently in process. This includes problem-solving any loan issues and ensuring we maintain communication with all clients and partners involved in the transaction.
Finally, I spend time on marketing and attending events to meet new referral partners. This includes realtors, divorce attorneys, CPAs, and accountants – anyone who can refer buyers.