Looking into a mortgage career, but would like some help

[Kritin Deo]

Hi everyone,

I'm currently looking into a career as a loan officer and I have several employment offers l'm debating about.

My offers are from Quicken Loans, Loandepot, and American Pacific Mortgage.

Quickens and Loandepot are call center jobs where American Pacific is outside sales. I don't think I'm going to go with American Pacific because I'm inexperienced. 

Has anyone here had experience with Quickens or Loandepot? Like which one pays more, or has a better training program? Or any Pro's and Con's in general.

[Eric Veronica]

@Kritin Deo pretty much co-sign everything @Chris Mason said. 

The problem with the call center is that you are only going to get experience in one tiny sliver of the industry. Large outfits like quicken take an assembly line approach. They have entire departments that just order employment verifications and another department that orders payoffs. Even if you are on the origination side at one of these instituons you can be really insulated from the full process  

It is really hard to go from being a loan officer at Quicken to being a loan officer at a local bank or broker.  Having spent most of my career in the Detroit market I have seen countless Successful quicken loan officers leave quicken only to crash and burn when they step out to a community bank or broker. The businesses are night and day. 

With that being said there are a lot of people who prefer the call center setting.  

If you eventually see yourself as a loan officer working locally in your market then I would try to find a top producing loan officer and work as his/her assistant. Treat it like an apprenticeship program.  Then once you are ready you can take the leap.  Feel free to dm me if you want to chat.