Surety Bond

Surety Bond: Why Every Mortgage Broker Needs Them Now

Surety Bond: Everything Mortgage Brokers Need to Know in 2024 Understanding surety bond requirements is important if you’re a mortgage broker looking to expand your business or get licensed in new states. Surety bonds are more than just a box to check—they’re a way to protect consumers and build trust in the mortgage industry. In…

Starting Mortgage Net Branch

Starting Mortgage Net Branch: A Comprehensive Guide for 2024

Starting Mortgage Net Branches Starting a mortgage net branch is a great career step for loan officers who are already producing good results and want to take their career to the next level. A mortgage net branch is a smaller, separate office that’s part of a bigger mortgage company. This branch operates under the larger…

Can You Become A Loan Officer With Bad Credit

Can You Become A Loan Officer With Bad Credit?

A career that helps people acquire their dream homes. Have you ever considered that? Being a mortgage loan officer is just that, and it’s full of opportunities to grow and be successful. But before you jump into this career, there’s a path you need to follow to get licensed. Many folks looking to start in…

Choosing The Right Mortgage Company
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Choosing The Right Mortgage Company For Loan Officers

This guide covers choosing the right mortgage company for loan officers. Choosing the right mortgage company for loan officers is one of the most important decisions a mortgage loan originator needs to make. John Strange, a senior loan officer at Gustan Cho Associates, explains choosing the right mortgage company for loan officers to start their…

Realtors Marketing Package For Home Buyers
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Realtors Marketing Package For Home Buyers

This guide covers realtors marketing package for home buyers, real estate agents and referral partners. Home buyers rely on their real estate agents for advice, and one of the most important roles of a realtor is to give their home buyers a referral to a loan officer. Giving the wrong loan officer referral partner as…

How Mortgage Brokers Get Paid
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How Mortgage Brokers Get Paid on Closed Home Loans

This guide covers how mortgage brokers get paid on closed home loans. Mortgage brokers, loan originators, or loan officers are licensed professionals. Mortgage Brokers assist mortgage loan borrowers to qualify for home loans. Brokers are third-party consultants who match direct lenders with borrowers, Mortgage brokers match borrowers with direct lenders that meet the lender’s mortgage…

Training a New Mortgage Loan Officer Without Any Experience

Training a New Mortgage Loan Officer Without Any Experience

This blog explores the process of training a new mortgage loan officer, particularly those without prior experience. Gustan Cho Associates offers a streamlined training program tailored for individuals aiming to embark on a career as a mortgage loan officer. Training newcomers in this field poses significant challenges for both mentors and rookies. For over a…

Difference Between a Job Versus a Career
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Difference Between a Job Versus a Career As a Loan Officer

What is the difference between a job versus a career? Is my job a career? What is the difference between a job versus a career as a loan officer? Individuals just entering the workforce or have been in it for just a couple of years are probably asking themselves the same exact questions. Another thing…

Mortgage Lender Complaints and Bad Reviews
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Mortgage Lender Complaints and Bad Reviews by Borrowers

It’s important to note that Mortgage Lender Complaints and Bad Reviews submitted by borrowers do exist, but readers should understand the context. Consumers must recognize that prominent national lenders, such as Chase Bank, Quicken Loans, and Guaranteed Rate, are major players in the mortgage industry and employ hundreds, if not thousands, of loan officers. Although…

How To Obtain A Mortgage Broker License

How To Obtain A Mortgage Broker License In Multiple States

This Article Is About How To Obtain A Mortgage Broker License In Multiple States Individuals who want to become mortgage loan officers need to meet certain educational requirements and become licensed in the state they want to originate mortgage loans. Becoming a full-time mortgage loan originator can be very rewarding. One of the great benefits…

Loan Officer Document Checklist To Start Mortgage Process
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Loan Officer Document Checklist To Start Mortgage Process

This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of training worksheets that will be prepared and saved on the Mortgage Learning Center archives for both new and experienced loan officers who came on board at  Gustan Cho Associates. All loan officers must ensure all files…

How To Study For NMLS Exam And Pass

How To Study For NMLS Exam And Pass It The First Time

Embarking on a career in mortgage lending is an exciting endeavor, but before you can fully dive into the industry, you must know how to study for NMLS exam and pass the exam successfully. This standardized test is critical in obtaining your mortgage loan originator license. In this article, we’ll explore effective strategies and tips…

How To Become a Real Estate Agent
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How To Become a Real Estate Agent in Today’s Market

This guide covers how to become a real estate agent in today’s competitive housing market. A career in real estate gives you the ability to benefit from unlimited earning potential while also setting your own work hours and taking control of your career decisions. You will essentially be in the driver’s seat with all aspects…

Remote MLO Career Opportunities
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Remote MLO Career Opportunities

This blog will discuss and cover remote MLO career opportunities. Gustan Cho Associates, empowered by NEXA Mortgage LLC, hires remote loan officers. Remote MLO Career Opportunities are available for experienced full-time loan officers. Loan officers with the following qualify: At least one-year full-time experience Familiar with LOS Systems, whether Encompass, Lending Pad, Calyx Point, or…

SEO Marketing For Loan Officers
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SEO Marketing For Loan Officers To Co-Brand With Realtors

This guide covers SEO marketing for loan officers by co-branding with realtor partners with an all-in-one multi-functional loan origination website designed for loan officers. The SEO marketing for loan officers’ all-in-one multi-functional portal focuses on generating organic mortgage traffic and leads. Each multi-purpose and functional mortgage loan origination website is custom designed for each mortgage…

Starting New Career as MLO With Mortgage Lender Support

Starting New Career as MLO With Mortgage Lender Support

This blog will discuss and cover starting a new career as a MLO or a mortgage loan officer. Have You Considered Of Starting a New Career as a MLO or a Mortgage Loan Officer? Have you ever thought about starting a new career as a mortgage loan officer?  A career as a mortgage loan officer…

Breaking Into The Mortgage Industry

Breaking Into The Mortgage Industry as a Loan Officer

Have you ever considered breaking into the mortgage industry as a licensed loan officer? Have you ever considered a job as a licensed loan officer, loan officer assistant, mortgage processor, or underwriter? Or, maybe you are in a career you don’t like and would like to find something more fulfilling. Unfortunately, many people accept that…

Closing More Real Estate Deals
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Closing More Real Estate Deals in Shifting Market

This guide will cover closing more real estate deals in shifting markets. We will discuss how to be still a top-producing realtor and loan officer in a market where rates are skyrocketing, and inflation numbers are out of control. Dino Hasapis is a top-producing real estate agent at Compass Real Estate in Chicago. Dino advises…

Real Estate Referral Agent
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Real Estate Referral Agent For Homebuyers

This guide will cover the preferred real estate referral agent network at Gustan Cho Associates. Are you investigating buying or selling a property but feeling overwhelmed by the process? Or you may require financial assistance but need to know where to turn for reliable lending options. Working with a preferred real estate referral agent can…

Borrower Review of Gustan Cho Associates
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Borrower Review of Gustan Cho Associates

In this article, we will discuss and cover the borrower review of Gustan Cho Associates. Just this past June 2, 2023, I received a frantic call from a home buyer who was extremely disturbed. This was because she learned from multiple mortgage lenders in her community that she could not qualify for a conventional loan…