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Updated almost 10 years ago,
Auto loans to mortgages
I searched the internet but figured I needed some real world advice on this one and I figured this is the best place to ask as it is still somewhat relevant.
I have gone through some interview steps with an auto loan lending company that buys subprime auto loans. My initial goal is to get into the mortgage industry but I am having a hard time with a tough market and I have a lack of experience in loans. I am fairly certain that I will be offered a position and I am wondering if a job like this is similar enough to residential or commercial lending that I might be able to transfer my experience 1 or 2 years down the road.
I do not necessarily want to stay in this position for the long term but if it can give me some experience that would be helpful in real estate then I am interested in doing it. It might also open my eyes to see if I even do like the lending side of RE.
Any advice, tips, help is appreciated.
Thanks