Are you interested in a career where you can help people around the country achieve the dream of homeownership? If so, the wholesale mortgage industry may be a great fit for you. And the good news is, it’s fairly easy to get started. With a variety of roles available, there’s bound to be a position that best suits you.

Let’s take a look at some of the most common roles available to independent mortgage professionals in the wholesale mortgage industry.

1. Mortgage Loan Officer

A mortgage loan officer (MLO) is a representative of an independent mortgage brokerage or another financial institution and licensed by state and federal regulators. This authorizes them to work with consumers to obtain a home loan.

Loan officers assist borrowers with completing a mortgage application, finding the appropriate program and more. They are well versed in all loan products available, and are typically the borrower’s go-to person for any questions or concerns they have throughout the loan process.

2. Loan Processor

If you’re not ready to take the leap to get licensed, a processor role may be for you. A loan processor or mortgage processor prepares the loan file and collects documents for delivery to the mortgage underwriter. Because processors are in charge of prepping and submitting files to banks and mortgage lenders, they must be highly organized to ensure that everything is submitted correctly and to the right party. They also proofread each mortgage application, so they need to be able to quickly spot errors, typos and mathematical miscalculations.

3. Loan Officer Assistant

Loan officer assistants support mortgage loan officers and processors with administrative tasks throughout the client loan application process. Multitasking and customer service skills are essential in this role. This role can serve as an excellent stepping stone, either before or during the process of obtaining your licenses.

4. Broker Owner

Broker owners own and operate their own mortgage brokerage company and often employ other mortgage loan officers to work for their shop. Independent mortgage brokers are typically considered small business owners who are rooted within the communities they serve and focus on building long-term relationships with their clients.

Being your own boss in the wholesale mortgage industry provides you with uncapped potential to have a successful mortgage career.

Ready to get started?

There’s no better feeling than helping someone finance the home of their dreams. With a variety of career options, the wholesale mortgage industry is a great place for those who have a strong work ethic and want to help people within their communities on a daily basis.

Are you interested in starting a career in the wholesale mortgage industry? It’s easier than you might think! Our team at MortgageBrokerX.com is here to help you every step of the way. Email us at Info@MortgageBrokerX.com or click “Enroll Now” to register for one of our upcoming 5-week MLO training and licensing sessions.