OriginationPro’s Post

Mortgage Broker vs. Loan Officer: Understanding the Differences with Shannon O'Hare 🌟 Hey Montana friends! Choosing between a mortgage broker and a loan officer can be confusing. Here's a quick guide to help you understand the differences: Mortgage Broker (like me!) Independent: I work with multiple lenders to find you the best options. 🔍 Variety: Access to a wide range of loan products. 📊 Personalized Service: Tailored guidance throughout the process. 🤝 Compensation: Typically through lender commissions or borrower fees. 💵 Loan Officer Employed by Lenders: Works for a specific bank or institution. 🏦 Product Knowledge: Specializes in their employer's loan products. 📚 Streamlined Process: Direct access to lender resources for faster approval. 🚀 Compensation: Usually salaried with possible commissions. 💼 Ready to explore your mortgage options? Let's chat! 📞 Contact me today! #MontanaMortgage #MortgageBroker #LoanOfficer #ShannonOHareMortgage #HomeBuyingTips #RealEstateMontana #MortgageAdvice #HomeLoans #PersonalizedService

Loan Officers - The key to your success as a loan officer, is to try to say NO to as many potential clients as you can!... That doesn't fit your wheelhouse. I know this is an odd thing to say, but take a look around you. The ones that are crushing it in mortgage space, are the ones that know what they specialize in! If it's a cookie-cutter loan, like a Conventional / FHA W2 employee client base, then go all in on that and crush it! If it's a Down Payment Assistance (DPA) client base for 1st time home buyers, then go all in on that and crush it! If it's a Non-QM, self-employed client base, then go all in on that and crush as well! The point is, don't become the "Jack of All Trades, Master of None!” Instead, master a certain loan program, go all in on it, and then put people in place to grow it and expand your specialties. So often times we think being a jack of all trades and a master of none is a good thing, but it's far from the truth! People want to do business with other people who are Masters at what they do! Vs. going to a generalist. #mortgage #brokersarebetter #mortgagelending #broker #homeloans #loanofficer

💡 Why Choose an Experienced Loan Originator? 💡 As a Senior Loan Originator, I know firsthand how crucial experience is in guiding borrowers through the loan process. Here's why working with a seasoned professional can make all the difference: 🔑 In-Depth Knowledge: Years in the industry allow us to anticipate challenges before they arise and offer tailored solutions that suit your unique situation. 📋 Flawless Execution: Experienced professionals are experts in managing the intricate details of the loan process—meaning fewer delays, smoother closings, and better communication. ⏱️ Quick Problem-Solving: With experience comes the ability to troubleshoot any last-minute hurdles, keeping your transaction on track. 🤝 Valuable Relationships: Strong relationships with lenders, underwriters, and other key players can lead to better loan terms and faster approvals. When it comes to your home financing, choosing an experienced loan originator means less stress and more confidence. Let me help guide you through the process! Bryce Jackson Senior Mortgage Loan Originator 📞 (410) 419-0895 📧 bjackson@uhm.com Union Home Mortgage #MortgageTips #RealEstate #LoanOriginator #ExperienceMatters #LinkedIn #GreenAndPurple

What a Loan Officer Does for You: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗚𝗼𝗮𝗹𝘀: Loan officers provide a supportive environment for you to discuss your financial goals and express your needs comfortably. Exploring Financing Options: They assist in finding and explaining financing options tailored to your needs, ensuring you understand what's available to you. 𝗣𝗿𝗲𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗣𝗿𝗼𝗰𝗲𝘀𝘀: One of their primary roles is helping you get preapproved for your mortgage, a crucial step in the homebuying process. 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁:Loan officers track and assemble all necessary documents, including the loan application and credit report, streamlining the paperwork process for you. 𝗥𝗲𝘃𝗶𝗲𝘄 𝗮𝗻𝗱 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹:They review all documents with you, ensuring everything is in order. If any issues arise, they can help explain what went wrong and explore alternative solutions or devise a game plan moving forward. While loan officers play a crucial role in the mortgage process, 𝙩𝙝𝙚𝙧𝙚 𝙖𝙧𝙚 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙞𝙡𝙞𝙩𝙞𝙚𝙨 𝙩𝙝𝙖𝙩 𝙛𝙖𝙡𝙡 𝙤𝙣 𝙩𝙝𝙚 𝙗𝙤𝙧𝙧𝙤𝙬𝙚𝙧 𝙖𝙨 𝙬𝙚𝙡𝙡.

To find out more, DM or contact Abhi on:⁣ ⁣ ☎ – 0401 094 351⁣ 💻 – abhi@financesupport.com.au⁣ ⁣ or connect with me via WhatsApp - https://wa.me/61401094351⁣ ⁣ 🚩 Five red flags home buyers might want to avoid 🚩⁣⁣ ⁣⁣ Looking to buy a home? 🏡⁣⁣ ⁣⁣ Here are five red flags that might catch a lender's attention and see you knocked back from your next home loan application. 😤⁣⁣ ⁣⁣ 💻 Job hopping – lenders love stability. Sometimes it's safer to stick with your current job.⁣⁣ 💳 Card churning – frequently switching and applying for credit cards can damage your credit score.⁣⁣ 🙃 Running late with repayments – this will likely show up on your credit record.⁣⁣ 💸 Unpaid debts – no surprise that this won’t go down well with a lender.⁣⁣ 📝 Making multiple home loan applications – questions will be asked. Like whether (and why) you’ve been turned down by other banks.⁣⁣ ⁣⁣ Call us for help on getting your next home loan application across the line. 👇⁣⁣ ⁣⁣ #financesupport #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

Ready to launch 🚀 a rewarding career in mortgage lending? Whether you’re just starting out or looking to make a career change, our comprehensive guide is your go-to resource for success!

Loan Originators & Origination Support Teams—you are appreciated! SO…here we are, into the 2nd half of 2024 already, and I know we all have had our heads down, and sleeves up, trying to help as many borrowers as we possibly can despite a contrary interest rate environment. I’ve been 100% devoted to reverse mortgages for almost 20 years now, but I also understand most of you juggle your reverse mortgage production along with your forward mortgage loans, and it’s been difficult times for you on that front as well. All that being said, for me, and knowing I’m more than a few clicks removed from direct borrower contact, I just wanted to acknowledge my great respect for the things you do that aren’t necessarily in front of your reps and investors : I’m not the one getting personally acquainted with these borrowers. I’m not the one who may become emotionally invested with them. I’m not the one having to ask them for additional documentation or clarifications. I’m not the one who, on occasion, may have to deliver difficult news. I do believe successful closings and the richness of your interaction with so many of your borrowers more than offsets any tedious moments—but wanted to let you know that the team at Liberty has great respect for all those parts of your job, and wanted to slow down long enough to simply, and sincerely, say “Thank you." What you do matters. Our business together IS life changing for your borrowers. My commitment is to do all I can to help you succeed. Liberty Reverse Mortgage PHH Mortgage Sean Marr Jamie Longe Valerie Huynh Corinne Shanahan Tommy Noyes Andrea Smith Cindy M (Genworth) Pontanillo Christian Stevens Tony Millis Shirley J Rand Scott Loddeke Amy Thurman May Giang Alan Marler Michael Kent Andy Peach

Psst – hey loan originators – did you know you can get access to the mortgage industry’s best data for building referral relationships – for only $29 per month with no annual contract? The Model Match Self-Starter package includes production data and contact information on real estate agents and loan officers in the states you are licensed in. So you can identify agents who you’d like to work with and start communicating with them immediately. Loan officers have told us they often hear about agents to meet with and want to know what kind of business they do. In the current real estate market, it’s important to know who’s producing and has referrals to share. And, you can see specific transaction data for an agent, so you can dig into the types of mortgages their clients tend to take out. Visit https://lnkd.in/e7u5eRG6 to learn more about Model Match for loan officers and the Starter package.

Friday Focus #290: What do a Loan Officer and Baker have in common? As the leader of salespeople for over twenty years in the mortgage space, I've witnessed loan officers who achieve extreme levels of success and those who never reach anywhere near what they hope to achieve when they enter this field. It is always amazing to me how two people with similar traits and personalities can achieve such different results. https://lnkd.in/gfaRtveT

Does it really matter where you get pre-approved? 🤔 Absolutely! ✅ Pre-approval is crucial, but the lender you choose can be just as important. Getting pre-approved through a "big bank" can sometimes be a big mistake! ❌ While there's no easy button for the homebuying process, working with a dedicated local loan officer at a mortgage company can offer you a smoother, more personalized experience 🏡 – far better than what big banks can provide! As a broker, I shop around to find my clients the best programs and rates without compromising on service. 🌟 Have you had any experiences with big banks versus local loan officers? What did you find to be the biggest difference? If you're looking to explore your pre-approval options, you know who to call! 📞 #HomeBuyingTips #MortgageAdvice #LoanOfficer #PreApproval #HomeLoans #HouseHunting