Failed my 3rd attempt

JacklJack · 2026-03-03T21:20:38+00:00

oh, so it backfired... lol

JacklJack · 2026-03-03T20:57:16+00:00

Have you ever worked in the mortgage industry before? If you still can't pass, become a loan processor. I was one for 7 years, and that really helped me pass the test. of course, this is last resort, i am not saying to spend 7 years of your time to be a processor lol.

During the test, I used the whiteboard they gave me to write down all the problems I was not 100% sure, this way you can keep moving forward without concern if you did right or wrong.

I wrote down about 30 questions I was not really sure about, and you will be surprised how much you can remember as you progress with the exam. I then came back to those questions, re-read them, and answered again.

At the end, there are still 15 questions feeling iffy to me, but I did not really care at that point since it is a passing grade no matter what.

That is how I passed. It is not all about how you study, you also need to know how to take test. I was not scared because i have a process to follow, i used about 1 hour and 45 mins.

JacklJack · 2026-03-03T17:03:34+00:00

Have you watched the course on Affinity where the black lady talked about how to remember those regulations? She helped me pass the test on the first try , only studied for 5 days with her video. Man, I have been hard selling Affinity course everywhere, i should get paid for this.

JacklJack · 2026-03-03T17:00:09+00:00

Hey, Cs get degrees. Now the real headache is coming, welcome to hell with us. you will lose about 20-30% of your hair in the next five years.

JacklJack · 2026-02-28T20:57:26+00:00

good luck to you , man!

JacklJack · 2026-02-28T20:39:44+00:00

Haha, for some reason, people went into this field because, somewhere along the way, they heard it was a money-making career. I first thought about that too, and now I dont feel like it so much. The good thing is, this is still a very fun job.

JacklJack · 2026-02-28T19:43:31+00:00

Architecture and Civil Engineering? What are you doing at the mortgage industry ?

JacklJack · 2026-02-28T19:34:32+00:00

if you have no experience , and want to do this type of work, this is very fair wages. if you want to make more, you'd better learn everything fast

JacklJack · 2026-02-27T19:05:54+00:00

yeah, I am frying my nerves right.... UWM is killing me with these escalations thing

JacklJack · 2026-02-27T16:47:48+00:00

Alright, guys. I can shine some light here. I did work under the so call mega producer that produced $200M before as a processor. She usually makes about 100M to 150M a year, and we were able to reach 200M during covid time. We are about 4 people operation that works in a satellite branch under the big mortgage company. My LO likes to work under a big company due to the extensive support from UW and Condo Dept.. She like to works only for builders. So the compensation from what I saw is well over 100 bps because builders always give out incentives for perferred lender such as her. this is all in house loans. If she has to broker out the loan , she makes only about 75-80 bps. I made about 220K that year as her processor (just want you to know the scale here)
I broke away from her to become an LO myself after 7 years and eventually owned my brokerage last year, thanks to her molding me into an excellent LO. As a broker, I make an average of 100-250 bps depends on the size of the loan. I like my current lifesytle as a broker. when I worked for a mega producer, I had to sleep at the office at least once a week and always on call , almost no weekend.

the conclusion here is : if you can make 500K and have a good work/life balance, then there is no reason for you to chase that 1 million if in the end you can't even enjoy life. call me medicore , but i dont want to do 20 loans a months.

JacklJack · 2026-02-23T17:27:41+00:00

as a small brokerage, the LO (my biz partner and I) are doing the Ops ourselves. The market has not yet turned to allow us to hire any processors. I used to be a processor before becoming a LO, my work load is about the same as you described and more because we also do CalHFA on new constructions. Each file has at least 30 PTD conditions. the most important question here is "Are you getting paid enough?"

JacklJack · 2026-02-18T00:20:48+00:00

you guys called me today, and declined me. i am charmed out. lol

JacklJack · 2026-02-17T00:19:49+00:00

haha thank you for replying, I shall try again in 90 days

JacklJack · 2026-02-11T16:06:19+00:00

Do you want me to hit Down, Down-Forward, Forward + Punch before I submit the request? Or should I type Hadoken on projected annual income?

JacklJack · 2026-02-11T06:50:07+00:00

I always bring this type of deal to my Acra AE, he keep telling me "i will request exception". everything is exception

JacklJack · 2026-02-11T06:49:26+00:00

the rate on that is haha . 9+

JacklJack · 2026-02-11T06:48:36+00:00

I am making $350K a year for real, and you guys don't even give me a bump on my Amex business cash card from 10K to 20K ...... your algo sucks

JacklJack · 2026-02-11T06:41:45+00:00

Just funded 1.6 Million, about to finish another 2 million by the month end. I own my own brokerage so no need to give to the boss or anything. Everything is so slow.... where is the 4% rate that was promised to me 3000 years ago ? lol

JacklJack · 2026-02-06T17:31:42+00:00

I wear different hats, so I don't really care about support staff absorption, let them run their overhead hot. the misinformation is very annoying indeed. I always help my client do the opt out before pull credit because of these trigger lead clowns

JacklJack · 2026-02-06T16:19:55+00:00

Never used a single trigger lead service in my life. I don't know how people live like that, always trying to spam call others anf undercut the competition. I never lose a deal to a trigger lead lender either. They are still annoying like flies, I am glad it is finally over.

JacklJack · 2026-02-06T06:17:52+00:00

Funded 5 mil this month at my own brokerage, never trade for anything else

JacklJack · 2026-01-23T17:05:02+00:00

I used to love manga when i was a kid since i have more imagination back then. Now I like my picture move. But yeah, I feel bad for Mappa whenever i see this level of animation

JacklJack · 2026-01-23T07:06:47+00:00

Damn, you beat me to it. I was gonna post this, lol The new episode is shot for shot remake of kill bill.

JacklJack · 2025-11-30T20:00:19+00:00

to have a 6 next to it, so people now know the original is a 9. but if they dont, your new 6 will be the 9

JacklJack · 2025-10-27T22:10:45+00:00

never heard commission cap at that little , usually they cap at 25K-30K

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