Entry-Level Positions for Aspiring Mortgage Loan Officers
Michael, a Mortgage Loan Officer, describes two entry-level paths: directly becoming a loan officer with a high school diploma and licensing, or starting as a loan officer assistant. The latter, Michael's own path, allowed for "learning the business and making an income right while learning," offering mentorship and setting "you up for success."
Entry-Level Positions, Career Development, Mentorship, Income Potential, Loan Officer Assistant
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. High school diploma and a licensing course may suffice for entry-level positions.
2. Starting as a loan officer assistant allows one to learn the business and earn an income simultaneously.
3. Mentorship from experienced professionals within a great team is highly beneficial for career success in this field.
Transcript
What entry-level positions in this field might an undergraduate college student consider?
Starting off as a loan officer assistant is one path. There are a couple of different ways to become a loan officer.
You can jump right in. I think all that's required is a high school diploma and a licensing course. Then you can start as a loan officer assistant, and some people take that route.
For me, I started as a loan officer assistant. This allowed me to learn the business and earn an income while I was learning.
If you have the opportunity to work as an assistant for a great team, it really sets you up for success. You get to learn from someone who already understands the business and how they structure things. Then you can decide what to add to your own approach.