Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Andrew Alan Navarre Rhodes
  • Investor
2
Votes |
5
Posts

Looking at getting back to being a MLO

Andrew Alan Navarre Rhodes
  • Investor
Posted

I used to be a loan officer awhile ago and left the industry to be in the military. Fast forward about ten years and I am leaving the military to start a civilian life. Heavily considering getting back into it on a part time/remote basis. I left with my nmls just expired but never had any issues regulatory wise. Likely could dedicate about 10-15hrs not including weekends to balance with my day job.

My questions are:

-Likelihood I can find a branch willing to sponsor a loan officer who is newly licensed? I'm willing to retake all the tests. 

-I am seeing alot of remote/part time work for loan officers. Anyone have recommendations on it?

-Testing wise: I assumed id call NMLS, schedule my tests, study and pass. My license wouldnt be valid until I have a company who would sponsor me. Is there anything im missing here?

Eager to hear some honest advise. I know without a book of business to bring with me, new to the industry (experience will need to be refreshed), and only doing this part time means im not an ideal catch. 

thank you in advance

-Alan

Most Popular Reply

User Stats

2,616
Posts
897
Votes
Dave Skow
  • Lender
  • Seattle, WA
897
Votes |
2,616
Posts
Dave Skow
  • Lender
  • Seattle, WA
Replied

@Andrew Alan Navarre Rhodes- definitely  not a good time to get back into the MLO business

Loading replies...