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What else can I help you with?
How do I file for a home loan at my local bank?
Simply make an appointment to see a loan officer. At that time you can speak with the officer about the type of loan you are looking for and they will provide you with the paperwork required to file a loan.
Is disability insurance on a car loan worth it?
Disability insurance on a car loan can be worth it if you want protection in case you become unable to make payments due to a disability. It can provide financial security and peace of mind, but it's important to carefully consider the cost and coverage before deciding if it's right for you.
What is the difference between a loan officer and a loan processor?
A loan officer is the initial point of contact to start a loan. They will gather all the information from the borrower and discuss various loan programs offered. The loan processor takes all the information and verifies through documentation in order for the loan to go be passed off to an underwriter who will make the decision to approve or deny the loan.
How much money does loan officers make?
A loan officer earns between $35,360 and $69,160, sometimes with a little less, like $48,830, and sometimes with a little more, like $98,280. It usually depends on what type of loan officer you plan to be and how good you are.
What do loan officers make a year?
There are several scenarios that cover the way Loan Offices can be paid. Some Loan Officers are paid on salary. A large percentage of these loan officers work for banks and credit unions. I know one loan officer who only makes 15,000 per year full time in this environment. I know of another at a bank that makes over 100K. Most loan officers that work for brokerages are paid by commission. It is really hard to place an average on what they make. The percentage that they make per loan varies a lot. They usually pay a split to the brokerage they work for. Depending on the Loan Officer's experience level and need for mentoring, they will earn a different commission split. A new Loan officer will make between 40% and 50% commission. A very experienced Loan Officer may make 100% with a small transaction fee. My company for example changes $495.00 per file and then gives all Loan Officers 100% of their commission. Here is an "example" of what an experienced Loan officer may make. Loan Size $250,000. 1% origination fee and 1% on "the back". 250,000 X .02 = $5,000 If they are on a 100% split they make $5,000. If they are new and being trained and are on a 50% split they would make $2,500.
How much does a loan officer make per year?
The amount a loan officer makes depends for who is he working for, Banks have loan officers on salary, maybe with bonus, others works on percentages called points, but new Federal regulations are very hard on them now, because some loan officer charged a lot on points to the client to make big profits on them, another reason why people got high mortgages, that later could not be paid.
How would a mortgage loan officer marketing use postcards?
A mortgage loan officer may use postcards as advertisement. They can be mailed to numerous people and would make advertising a lot easier than handing out flyers of business cards.
Is permanent disability income counted when qualifying for a real estate loan?
It can be. It will depend on the judgment a lender makes about the affordability of the mortgage and the borrower's ability to make the payments.
Can you explain what credit insurance is on a car loan?
Credit insurance on a car loan is a type of insurance that helps cover your car loan payments if you are unable to make them due to circumstances like job loss, disability, or death. It can provide financial protection and peace of mind in case you face difficulties in repaying your loan.
What type of insurance is required for a personal loan?
The type of insurance required for a personal loan is typically called "credit life insurance" or "payment protection insurance." This insurance helps cover the loan payments in case the borrower is unable to make them due to certain circumstances like death, disability, or involuntary unemployment.
Would I be responsible for a repoed auto loan if I was forced to co-sign for spouse. Loan officer said it really wasn't a cosign but I had to sign papers. Please help. I now have a judgment for this?
read over the paper work carefully. If the contract calls you a co-signer even though the loan officer said your not to make you feel better than yes you and your credit are responsable.
How can you make people stop replying to your comments on Topix?
There is no way you can make people quit replying to your comments. Once they are posted, the comments can only be removed by moderators.
