Being an Mortgage Loan Officer in 2024

Being a loan officer in 2024 will be the beginning of a new era. If you want to be a loan officer and you have wondered if now is a good time to be a loan officer--WATCH!!

Joy Bailey is a licensed mortgage professional with 9 years of lending experience. She earned a Master of Arts in Teaching and holds a Journalism and Mass Communication degree and proud HBCU graduate of NC A&T. Her most esteemed professional accomplishment is that she is one of few African-American loan officers in the nation that has earned an Accredited Mortgage Professional designation from the Mortgage Banker Association.

DISCLAIMER: INTEREST RATES USED ARE RANDOMLY SELECTED EXAMPLES AND MAY NOT BE AVAILABLE FOR YOUR SPECIFIC LOAN SCENARIO

//REFERENCES USED AND HELPFUL LINKS:

Loan Officer LifeLine: Career Chat

Joycelyn Bailey, AMP
Licensed in: VA, NC, SC, GA, AL, TN, KY, IL, OK, TX, AZ
NMLS 1236060

//What is an AMP?

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Instagram: @the_mortgage_bawse

//LISTEN TO ME: The Uninvited House Guests Podcast

[outheretrucking]

You have a great camera presence! It feels natural and not forced as a viewer. Keep the videos coming Joy✌🏾

[dsyyqbn]

I look at this video once a week to keep me doing what I need to do. I entered this field in March of this year.

[EvilAlgo]

I have no interest in being a loan officer, but I sincerely appreciate this video. I’ve shared it with a few folks in my circle who are considering this career. Thank you.

[KamKam]

I’m coming in as a mortgage processor for the past 8 years…

When the forward world is a mess it’s better to be patient and work with Reverse Mortgage customers ❤

I’m excited and love this industry

[christinamcqueen]

I’m in interested in becoming a loan officer, BUT I need to do a lot of studying. Plus, I am not willing to quit my day job for it right now. So studying is what I need to do at the moment.

[sam]

I'm 20 yrs old and have one year left in college. My real estate professor really got me into this industry and I feel like I could make a career out of being a loan officer. I like the idea of helping families out with loans and being that middle man that they can trust. I'm not looking for a quick buck nor would I conduct a loan for someone knowing they can't afford it. I really want to get into this industry and hopefully one day make six figures but I have no idea where to start. I don't want to get out of college and go to a minimum ($15/hr) job. I'm hoping that I could at least make $50k starting off, but again I don't know if that is unrealistic or where to even start.

[SELAHtv-quinina]

Thank you for your transparency. I'm currently pursuing becoming a new MLO in TX, I look forward to more videos and may even reach out for a consultation.

[loveiscoffeeandbooks]

I’m going through the home buying process right now which has been the biggest headache ever. I was considering becoming a Realtor and have been told by other realtors that I should because the realtor I have has done nothing. I found the house w/o her, negotiated my loan w/o her and did all of this w/less than perfect credit. I’m a disabled veteran & single mom & would like to help other Veterans through this process so as I’ve been going through the experience I realized that I’m more interested in becoming a loan officer than a realtor. Your videos popped up on my tiktok and I love the honesty and valuable information

[SoleParadises]

I have an interview for MLO but they train and pay for the license, I have a passion for finance and learning about mortgages and home buying so I’m excited to learn everything I can. I appreciate this video much. Just going into it looking to be a student and make this a career as it’s a big change.

[neilkey]

I just started as a L.O. with a credit union. It's basically getting a NMLS number to be able to do loans in 50 states along with hiring requirements such as background check.. It is commission based.

Here's something many in the Real Estate industry may not know. Teal Estate professional can now originate the loan and sell the some. They are allowed to do both acts.

[thenoobentrepreneur]

I love your energy tysm for keeping us motivated 🙏🏾

[jasmine_nursepreneur]

Thank you for your transparency. I’m interested in becoming an appraiser but several people advised me to be a loan officer instead. Here I am looking for a “day in the life”.

[RichardParkerTheRealtor]

Hi Joy i am actually studying for my Loan Origination license as i am watching your video. i am a Real Estate agent now in TX you just really motivated me to continue to push to get these license. Thank you for your honesty because the Real estate market period is down down down its a struggle for all of us. i know its going to change and i want to be ready for the new wave. thank you very much

[Edengriffin]

All I have to do is pass my state test in Louisiana I’m really motivated to get In this industry I love the video I’m studying very hard I am In the trucking industry and I am trying to slowly get out of it and do mlo

[loanofficerwhocares]

Definitely important to become a student of the game.. I have prior secondary marketing experience dating back to 2000 and knowledge is power in this industry...

[trentf]

Hi Joy!!! Thank you so much for putting this out there. I passed my safe course but I haven’t attempted the exam yet. I want to sell loans and it’s been so hard just understanding how to even get started because this industry is hard to enter!! Your info is so helpful and inspiring. If you know anyone in the chicago suburbs that may be looking for a loan processor or something that’ll get my foot in the door, please let me know!! I am so eager to get started 😊

[alexameyer]

Thank you so much for making this video!!

[loanofficerwhocares]

This business is the long game.. Thanks for what you bring to the industry.

[DorianGray-cm]

really enjoyed your video I think I'm going to give another shot

[bgenterprises]

Hey Joy, can you do a video on the different consulatation you have with your buyers? I.e at/prior to application, at pre-approval, at contract, closee to closing, etc.