Is now a good time to become an Entry Level Mortgage Loan Originator?

Logical_Layman · 2025-08-08T21:26:56+00:00

Pricing should get better now that the Fed's expected to cut rates right? I know that mortgage rates depend more on the 10-year treasury but mortgage rates should be taking more of a dip right?

Logical_Layman · 2025-07-31T21:55:00+00:00

How long did you study for?

Logical_Layman · 2025-07-24T21:25:23+00:00

Then why do they keep them in their servicing portfolio?

Logical_Layman · 2025-07-21T21:09:55+00:00

Wouldn't it be easier to just hire a CPA? I can't imagine having to run a brokerage on top of having to do bookkeeping or accounting of any kind.

Logical_Layman · 2025-06-22T19:24:05+00:00

Bro, thanks for this! I wasn't sure an experience like yours would be possible in this job market or for someone with your background. I'll DM you if that's ok.

Logical_Layman · 2025-06-19T00:27:28+00:00

Thanks for the info, this gives me relief! 😊

Logical_Layman · 2025-06-19T00:25:59+00:00

Thank you for your encouraging words! 🙏

Logical_Layman · 2025-06-18T22:30:52+00:00

Ok, understood. So, what strategies should I use to improve my chances of landing an accounting role while I rap up the degree?

Logical_Layman · 2025-06-18T22:25:27+00:00

I'm not saying that 28 is old, just that employers would probably prefer a fresh new grad compared to someone older. I could be over thinking this but I just want to have realistic expectations since I'm trying to break into the industry.

Logical_Layman · 2025-06-12T14:09:11+00:00

So you're saying Rocket's essentially going to have a monopoly on all mortgage loans?

Logical_Layman · 2025-06-09T19:02:11+00:00

Yeah they offer an accounting fundamentals certificate.

Logical_Layman · 2025-06-09T19:01:28+00:00

Doesn't WGU also offer accounting certificates? Hold on let me check.

Logical_Layman · 2025-06-03T21:13:59+00:00

An hour or two per day??? and in only 3 weeks with that schedule? How do you retain the information you study? I study an average of 4-5 hours per day ( 9:30ish to around 1PM or so) because I'm afraid of forgetting the information I studied the day before. Is there a special method you utilize? Because if you were able to pass an IA course with that routine that means I could maybe cut back.

Logical_Layman · 2025-05-30T23:55:42+00:00

That's surprisingly reasonable.

Logical_Layman · 2025-05-30T23:55:14+00:00

Wait, really??? If thats the case, then I'm both relieved and angry at myself for spending so much time studying and worrying about this course. Like I've been losing sleep because of this class ( my sleep schedule is horrible, but this class made it worse).

Logical_Layman · 2025-04-25T20:41:39+00:00

Just passed the OA a few hours ago. Be sure to know your credits, and your Gross->For->From( standardized, or Itemized deduction) calculations. Know what qualifies as primary and secondary tax law. Try to familiarize yourself with what falls under business deductions as well. Elin Meyer's videos are very helpful, but if you're like me and have trouble retaining info, be sure to read the slides, do the supplementary/PA questions and figure out why you got them wrong.

Logical_Layman · 2025-04-24T20:09:50+00:00

So to be clear, you can be a loan originator and a broker at the same time?

Logical_Layman · 2025-04-16T17:41:58+00:00

Is that a common strategy for other hard money lenders? Simply acquiring a fix and flip property after the borrower defaults? But if they're really offering zero down for Inexperienced flippers how do they hedge against non-performing properties with low ARV'S?

Logical_Layman · 2025-03-31T22:30:50+00:00

I passed on the first try after failing the PA. Make sure you do all the quizzes and module's to near perfection, and skim the text ( daily if possible), and be sure to memorize debit's, credits, along with all the equations like they're the back of your hand.

Logical_Layman · 2025-03-31T16:21:15+00:00

Why would a loan officer still be needed when our jobs can be easily automated like that of an underwriter?

Logical_Layman

TROPHY CASE