How much do lending assistants make?

A loan officer assistant plays a vital role in the administrative upkeep of a loan office. As such, the duties of a loan officer assistant cover the entire loan origination process, including managing paperwork and interacting with everyone involved to keep the process moving efficiently.

Who is the highest paid personal assistant?

  1. 109 salaries reported. $22.76. per hour.
  2. Los Angeles, CA. 207 salaries reported. $19.34. per hour.
  3. Chicago, IL. 102 salaries reported. $17.61. per hour.
  4. San Diego, CA. 90 salaries reported. $17.11. per hour.
  5. Phoenix, AZ. 71 salaries reported. $16.88. per hour.

Do loan assistants get commission?

Loan officers are the main point of contact for borrowers throughout the mortgage application process at almost every mortgage lender. That’s an important job, right? In return for this service, the typical loan officer is paid 1% of the loan amount in commission.

Do you need a degree to be a loan assistant?

Employers may require loan assistants to have an associate degree, a bachelor’s degree, or even a master’s degree. While not mandatory for this job, these degrees may be necessary to advance your career or move into another role. Carefully consider how far you want to try and go before applying for this job.

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How do you become a lending assistant?

To become a loan officer assistant, you will need to have at least a high school diploma or GED certificate. An associate degree in finance may help you stand out in your job search, but it is unnecessary. Your employer should provide adequate on-the-job training to help you fulfill your duties.

Do billionaires have personal assistants?

This scale is well out-of-range for Hollywood celebrities because ultra high net worth families and billionaires usually pay this kind of money. The Hollywood celebrities usually burn through personal assistants and it is not uncommon for them to be replaced every six months.

Is personal assistant a good job?

Fortunately, your professional experience can open many doors, as well as ready you for a new career. A career as a personal assistant can make you extremely valuable in a wide variety of industries.

Do personal assistants get paid well?

In California a personal assistant hourly rate equaled an average of $32.55 as of May 2017, while the same position in Florida earned a rate of $24.29. … When deciding what a fair amount is to pay your personal assistant, you should start in the middle of the salary range.

What makes a great loan officer assistant?

Loan Officer Assistant Skills and Personality Traits. We calculated that 24% of Loan Officers Assistant are proficient in Loan Portfolio, Customer Service, and Loan Applications. They’re also known for soft skills such as Detail oriented, Initiative, and Interpersonal skills.

Can loan officers make millions?

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Pitching government loans, top mortgage officers can make millions a year, according to Jim Cameron, senior partner at Stratmor Group, a mortgage industry advisory firm. Brian Decker works at LoanDepot in Riverside County, Calif., where he sold more than $200 million worth of home loans last year.

Is being a loan officer stressful?

You deal with stress well. Like any job working with the public, the position of a loan officer can sometimes be stressful. If you can deal with that stress in a calm manner, your career as a loan officer is likely to be lucrative.

Is being a mortgage loan officer hard?

Being a Loan Officer Can Be Really Lucrative First and foremost, it is not an easy job. Sure, a mortgage broker or bank may tell you that it’s simple. And yes, you may not have to work very hard in the traditional sense, or take part in any back-breaking work.

Do mortgage brokers get a base salary?

Of course, brokers typically aren’t paid a salary, so if we know what they’re making per loan, we’ll have a decent idea as to what they might take home each year as well depending on annual volume.

Do mortgage brokers make a lot of money?

Mortgage Broker Salary Brokers commonly make between 1 and 2 percent of the mortgage as their pay – meaning every deal made is worth thousands (if not tens of thousands).

What is required to become a loan processor?

You’ll typically need to gain relevant experience for a couple of years before getting serious consideration from recruiters. You must also become licensed through the National Mortgage Licensing System (NMLS), and you need to pass the mortgage loan originator (MLO) licensing exam.

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