Newsflash: How wise would it be to become a processor before becoming a loan officer?

I’m currently a loan servicing representative for a private lender. I’m fairly new to the real estate industry, but I’ve learned a lot so far and am enjoying it. My goal is loan officer, but I’m not sure if it would be a little too big of a jump to go from my current position straight to LO. I’ve gotten mixed opinions on this. My manager recommends becoming a processor first to know how to prepare a file correctly and send less junk to processors/underwriters and reduce rejections. However, others have said this is not really necessary, and that you can learn by trial and error.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s