Part time MLO - Mortgage Loan Originator

[Pandu Chimata]

Is there a possibility to work as MLO as part-time, outside of 8 to 5 work hours? Are there any mortgage brokers that hire part-time MLOs? 

Also, does this really work since the part-time job is limited with hours, also not prime hours? 

[Elise Marquette]

It's certainly possible... but would you trust an MLO who only finances homes as a side gig to fund your house? It's a big financial decision and I don't know that I would trust someone who does it as a side hustle. Actually, we purchased our own home and got financing from someone who did it as a side hustle and our closing was delayed 3 times. 

To be really good as an MLO, it takes a lot of time and dedication. It's a lot of being on call for your clients and referral partners and if you're stuck at your 9-5 and can't send out a preapproval in a multiple offer situation and your client loses a house because of it, that can be tricky.