Can Realtors Be Loan Officers At The Same Time?

Can realtors be loan officers at the same time? Many high-producing real estate agents are told NO by many mortgage lenders when they ask can realtors be loan officers at the same time. Other realtors get conflicting answers when asked can realtors be loan officers at the same time. To many, including the public and investors, it makes all the same sense in the world. Being a real estate agent and loan officer can go hand in hand. Many home buyers and sellers like the idea of their real estate agents also being their licensed mortgage loan originators on the same transaction.

The Straight Answer to the Frequently Asked Question Can Realtors Be Loan Officers at the Same Time

Homebuyers can deal with one professional in charge of their home purchase and mortgage financing instead of two separate professionals. Knowledge is king to becoming a professional in the real estate and housing industry. The answer is YES. Licensed real estate agents can be licensed loan officers at the same time. Real Estate Agents are professionals who are licensed to represent home buyers and home sellers. Gustan Cho Associates is looking to hire real estate agents as remote loan officers. Real estate agents who become licensed loan officers do not need any origination experience.

Can Realtors Be Loan Officers At The Same Time and Make Money As Dual Loan Officers and Realtors on the Same Transaction?

The agent will be partnered with an experienced licensed loan officer and will work as a partner. If the dually licensed loan officer/real estate agent wants to originate their own loans without a loan officer partner, then the realtor will need to have at least one year of full-time loan origination experience. The loan officer needs be knowledgeable about a loan officer origination system such as LendingPad, Encompass, and/or Calyx Point. The best real estate agent is one who is knowledgeable not just in showing homes or listing properties but has extensive knowledge in all areas of real estate.

Homebuyers and Sellers Prefer Being Represented By a Licensed Realtor Who Is Also A Licensed Loan Officer

Top realtors have knowledge of the neighborhoods. Location, location, location is the name of the game in the world of real estate.  Top producing realtors need to be experts in the areas and neighborhoods they represent. Expertise and knowledge are what differentiate a top-producing licensed real estate agent from a rookie.

Real Estate Agents With Experience and Knowledge Are Highly Sought After By Homebuyers and Seller

Homebuyers and sellers will thoroughly qualify real estate agents who know their comparable sales, title issues, zoning, legal issues, and last but not least have general knowledge in mortgage lending. A professional real estate agent should know the basics of mortgage loan programs available in today’s marketplace. Besides Conventional, FHA, USDA, and VA loans, Gustan Cho Associates has over 160 wholesale lending relationships with non-QM and alternative wholesale mortgage lenders. Top realtors should know the proper questions to ask a loan officer about mortgage lending guidelines.

How Can Realtors Be Loan Offices at the Same Time When I Am Told No By Most Lenders?

Many licensed real estate agents hold special certifications in areas of real estate besides just holding their real estate salesperson licenses. I have encountered many real estate agents who have law degrees, appraisal licenses, and insurance licenses. Many realtors who have licenses in other areas may not be active in those fields. However, holding licenses because having areas of expertise in other areas of real estate makes them a more marketable real estate agent. In this article, we will discuss and cover how real estate agents be loan officers at the same time and make money as loan officers and real estate agents on the same transaction.

How Can Realtors Be Loan Officers at the Same Time and Expand Their Careers?

Can Realtors Be Loan Officers?

Can Realtors Be Loan Officers at Same Time?  The answer is yes. Nexa Mortgage dba Gustan Cho Associates NMLS 1660690 is recruiting professional real estate agents with at least a one-year loan origination experience. Need to be familiar and expert with a loan origination system such as Encompass and/or Calyx Point.

How Can Realtors be loan officers at the same time with Gustan Cho Associates?

Realtors who have no loan origination experience may be considered on a case by case basis if they are close to our Oakbrook Terrance, Illinois branch and/or one of our branch offices. Many realtors have licensed mortgage loan originators. Some realtors who are licensed mortgage loan originators do not originate many loans. We are only looking for realtors who are actively originating at least one to three loans per month. Some real estate agents with their NMLS MLO licenses just hold their mortgage licenses while other realtors practice loan origination to supplement their full-time real estate careers. Gustan Cho Associates will provide exclusive leads.

Regulations And Guidelines Of Being Working As A Real Estate Agents And A Loan Officers At The Same Time

Licensed realtors can be loan officers, however, there are strict rules and regulations. There are many successful full-time realtors who are also full-time mortgage loan officers. These hard-working professionals are in demand. Many home sellers will definitely choose a realtor who is also a licensed mortgage loan originator due to their professional’s credentials. Here are the rules and regulations in being both a licensed real estate agent and a licensed mortgage loan originator at the same time. Real Estate Agents with their own real estate client CAN NOT represent the same client as a loan officer on FHA loans.

Licensed Loan Officers Cannot Represent Real Estate Buyers on FHA Loans as Dual Realtor/Loan Officer

They can originate other loan programs such as VA, USDA, conventional, jumbo, and non-QM loans. GCA Mortgage has a team of loan officers who are not realtors who can team up with realtors who are loan officers. Realtors who are licensed loan officers cannot originate FHA Loans for their own real estate clients. In theory, they can originate any type of conventional loan, jumbo loan, portfolio loan, or commercial loan for their own real estate client. However, most mortgage companies will not allow licensed real estate agents to be loan officers for the same client in any loan transactions.

Cases Where Real Estate Agents Cannot Be Both The Realtor And Loan Officer On The Same Transaction

There are instances when buyers of mortgages on the secondary mortgage market will not purchase non-FHA closed loans of borrowers who were represented by a real estate agent and loan officer on the same transaction after the loans have closed and funded. What is more, if you are a realtor you might use your realtor’s commission for a downpayment for a property. If the real estate client is not their own and does not represent the home buyer or property buyer as a real estate agent, the real estate agent can originate any mortgage loan program including FHA, VA, USDA. Jumbo, and non-QM/specialty loans

We Are Hiring Realtors For Loan Officer Positions

Hiring Realtors For Loan Officer Positions

Licensed real estate agents who have an interest in becoming licensed mortgage loan originators, please contact us at Gustan Cho Associates at 262-716-8151 or text us for a faster response. Or email at [email protected] Gustan Cho Associates is a mortgage company licensed in multiple states with no lender overlays on government and conventional loans.

Enriching Your Career By Becoming a Realtor and Loan Officer at the Same Time at Gustan Cho Associates Empowered By NEXA Mortgage, LLC

Gustan Cho Associates is always looking for hard-working real estate professionals who also want to originate loans. The ideal candidate is a hard-working realtor with at least one year of mortgage loan origination experience. The candidate should be an expert in a loan origination system (LOS) such as Encompass and/or Calyx Point. Gustan Cho Associates provides exclusive leads 7 days a week. Please send a cover letter and a copy of your resume to [email protected]

Can Realtors Be Loan Officers at The Same Time? Yes, Want To Get Started? GCA Mortgage Is Hiring

The Answer Is Yes To The Question Can Loan Officers Be Realtors At The Same Time: Contact David Reinhotz at Loan Officer School To Get Started In The NMLS Licensing Process

Gustan Cho Associates fully endorses Loan Officer School for your 20-Hour NMLS licensing requirements to begin your journey on a new career as a licensed mortgage loan originator. Licensed loan officers, contact Loan Officer School for your annual Continuing Education courses to renew your NMLS state licenses. The team at Gustan Cho Associates has been using Loan Officer School for all its licensing needs since 2012.  The Loan Officer School has the best user-friendly streamlined online 20-hour NMLS training program. Loan Officer School also has the most comprehensive study materials, tools, and practice exams for you to pass your 125 questions NMLS exam the first time around. For loan officers who need to complete the annual CE licensing requirements, the Loan Officer School has convenient online courses where no exams are required. Click the link below to get started:



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