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Mortgage Brokers & Lenders
Account Closed
  • St. Louis, MO
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Considering getting licensed as a loan officer

Account Closed
  • St. Louis, MO
Posted Apr 22 2013, 16:46

I have been thinking about getting licensed as a loan officer, not really for the career aspect but the knowledge and experience. If I plan to buy more rental property over the years and financing is always the biggest barrier I might as well take the time to learn as much as I can about it. It only takes a week or two to get licensed so I don't see why not. Plus, I plan on looking for some seller financing deals and I would gain more trust and look more credible if I was licensed for originating loans.

I have my RE license and a lot of RE brokerages are open to holding it even if you aren't going to be very active. Mortgage brokerages don't seem to be as lenient though. Do you guys have any advise on this or know if they would even consider holding my license?

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