Posted on Thu Oct 19 2006 by Alex Aguilar
 
I have often felt that there are 2 types of mortgage companies and deciding which one you want to work for depends a lot on your goals and what you want to accomplish with your mortgage career. The first type of mortgage company will never teach you to be anything more then just a glorified telemarketer. While this can be a great platform to get your foot in the door and get a start in the mortgage business it is often hard to learn much other then being a glorified telemarketer.
The second type of mortgage company is my favorite and is the ideal situation if you want a career in this industry. It will truly test your skills and help you learn the business from start to finish. This will allow you to create value for yourself and be a very knowledgeable and successful loan officer. I often tell new recruits that I would rather teach you how to fish then to feed you fish. It is pretty easy to understand that you will be more successful when you know more. This allows loan officers to become less dependant on the mortgage company they work for and more dependant on the knowledge they have gained. I am never worried about a loan officer leaving and working for someone else because most companies are like the 1st example.
Here are several questions you should ask when you are thinking about working for a mortgage company,
How ling have you been in business and where do you see your company in 5-10 years?
What is the best asset you feel you have within the company, what makes you click and give you the desire to come to work everyday?
What systems do you have in place to help your loan officer’s with training, continued education and making their business better?
What kind of turnover do you have within your company?
What support and mentoring will I be provided?
Asking these simple questions will help you find the right company to work for, If they have trouble answering any of these questions think twice before you go work for them. If you are interested in a career in the mortgage business please give me a call. I would be happy to sit down and discuss any questions you have and give you some suggestions on where to start,
Alex Aguilar
Alex@alexaguilar.com
www.alexaguilar.com
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