Why Am I Becoming A Loan Officer

Why Am I Becoming A Loan Officer Was Written By Bob Vogel

If you would have told me 2 years ago that I would be studying to becoming a loan officer, I would have chuckled and thought you were crazy.  Now fast forward to today and I am about 24 hours away from going to take my NMLS SAFE MLO National Test w/ UST.  I have come a long way in a short time and I am going to give you insight into why I am taking this route. A little background on me, I am an accountant by trade with 10+ years experience and have held numerous management roles along the way. I have worked for some of the biggest companies and other small “mom and pop” companies. The goal has always been the same, to challenge myself and give everything 100%.

Becoming A Loan Officer: My Experience With The Mortgage Process

When I was stuck in a rut trying to get a pre-approval from banks, mortgage bankers and mortgage brokers to purchase a new home under the FHA Back to Work Extenuating Circumstances due to an economic event mortgage loan program, there was 1 person who went above and beyond to get me pre-approved and in my new home. His name is Gustan Cho of The Money Store and he took the best care of me and was available at any time of the day I needed him.  Being an accountant by trade, I know I was probably a big pain given my nonstop emails and calls due to the fact I researched this program, knew the numbers, and how I would get approved for a loan.  Once we closed on my loan, Gustan Cho and I got on a 60+ minute phone call where Gus told me he thought I had what it takes to cut it as a mortgage loan officer. I was a very detailed person who handled client interaction very professionally and I personally had the desire to help people just as Gus had taken care of me.  Our conversation always stuck in the back of my mind, but in moving to my new phone and life going 100 mph, it was the 4th quarter of 2015 and nothing had progressed.  This is when I came to the conclusion that I needed to dedicate myself to this before time completely passed me by….

Pulling The Trigger In Becoming A Loan Officer

In December of 2015 I had a heart-to-heart with Gustan Cho, the Sales Manager at The Money Store, and I knew it was time for me to get this done, and I began to start the process.  To become a loan officer you need to take a 20 hr class either in-person or online and then pass a 125 question test with a 75% or better.  I found a 20 hour class I could do online and at my own pace with Mortgage Educators.  After 2 weeks time, it was 3 days before Christmas and I had completed the course.  Now it was time for me to begin my study preparation for the test.  To date I have completed about 1,400+ questions and am averaging 83% which is good enough to pass.

Excitement In Becoming A Loan Officer

Becoming a loan officer is more than just inputting borrower’s info into a computer and spitting out a loan, anyone can do this with 800 credit scores and plenty of cash reserves.  My focus is just the opposite and that is I want to help people who may have come across some hard times and are back on their feet.  These people, just like myself deserved a 2nd chance and I want to take care of them.  My feeling is since I have lived through the tough times, I can have an instant connection with potential borrowers I may come across, and I feel this will give them the comfort they are looking for after getting turned away by the big banks.  If I can help just 1 person, my job will be complete, but my goal is to help hundreds of people make their dreams come true.  I can rest easy at night knowing I am producing some good in this world we live in.  Now all I have to do is pass the test!

About The Author: Bob Vogel

Bob Vogel, a senior staff writer with Gustan Cho Associates Commercial And Residential Mortgage Information Center is a veteran accountant with extensive experience in all areas of accounting. Bob Vogel is also a skilled expert financial planner and knows all aspects of mortgage lending and mortgage fundamental principals and all areas of mortgage banking. Mr. Bob Vogel is taking his NMLS national mortgage lending examination today, February 6th, 2015 as this mortgage blog article is being published. We wish Bob Vogel the very best and have no doubt that he will pass his NMLS national examination with flying colors. Mr. Bob Vogel, who many believe is a natural born leader, plans on becoming a manager with The Money Store and The Money Store is extremely excited to have him come on board. We look forward to the upcoming blogs Mr. Vogel will be publishing in the coming weeks. Stay Tuned!!!!!

The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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