Job as a Mortgage Loan Officer

According to my client at Residential Home Funding, a leading mortgage banking firm, mortgage loan officers is one of the new "hot" jobs. As an example, according to various statistics, mortgage loan officers numbered about 50,000 in 2008, and was down to about 5000 last year. The real estate bubble and the economic downturn culled the ranks of less qualified mortgage pros. Now that real estate is rebounding, and mortgage rates are still near all-time lows, mortgage professionals are in demand. At least at Residential Home Funding. The firm has even created a free one-week (40-hour) training course that it holds once a month as a recruiting tool.

The founders of Residential Home Funding also worked to get approved by the governmental agency that oversees the licensing of mortgage originators (another name for loan officers) to create a school for pre-licensing education. The school is called the Mortgage Finance School (www.mortgagefinanceschool.com).