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The playbook for a rookie loan officer: What I’m telling my son before his first year

Housing Wire

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Walk before you run: Build long-term relationships Partner with new real estate agents that you can learn and build together. With a 100% commission-based structure, success isnt guaranteed its earned.

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One Real Mortgage Launches Compensation and Stock Awards Programs for LOs

Appraisal Buzz

One Real Mortgage , the mortgage broker arm of The Real Brokerage Inc., is setting a new standard for loan officer empowerment with the launch of an innovative recruiting and coaching compensation program, and an exclusive stock awards program.

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Knock reverses course on loan officer pay cut

Housing Wire

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.

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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Drive purchase mortgage growth: The transaction will generate significant revenue synergies across search, real estate brokerage, mortgage origination, title and servicing. Rocket will match homebuyers with the best real estate agents and the best loan officers across the combined companies.

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Stronger real estate agent connections will be the key to lending success in 2022 – Here’s why

Housing Wire

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. That means you’ve been thinking about real estate agents…a lot. It’s the real estate agent who has the consumer’s trust at this point.

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How lenders can build valuable referral relationships with real estate agents

Housing Wire

The ideal real estate agent-lender relationship is symbiotic: the agent earns trust with their borrowers by connecting them with a great lending resource, while the lender receives a steady stream of business from the agent. Still, lenders are wise to cultivate rapport with real estate agents.

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10 essential skills real estate agents should possess

Housing Wire

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. Another hat to place on your head?