Finding a Mortgage Job

If you're looking for a job in the mortgage industry, you may be wondering where to begin. If you're unfamiliar with the mortgage field, the information out there can seem overwhelming. Start slowly by checking with the following resources.

Check licensing requirements in your area if you hope to originate. Sometimes a broker will sponsor you during your licensing training, but be prepared to foot the bill yourself, just in case. Check the NMLS website to find licensing requirements in your state: http://mortgage.nationwidelicensingsystem.org/slr/Pages/default.aspx

Learn about the different career paths. You might find this article helpful which explains what the mortgage professionals in several different positions do: Who is Who in the Mortgage Process

Build a nest egg. Before jumping into a brand new career, you might want to save up some dough. It's always a good idea to have a financial safety net, particularly when joining an industry where a portion of compensation is often performance based.

Don't quit your day job. Switching careers is risky, especially in an unstable economy. If you plan on pursuing a career in the mortgage field, don't just dive in head first. Start by educating yourself and then look into entry-level jobs to help get your foot in the door. Even part time positions can be a great entry into the industry. If you're already employed it's generally smart to wait until you've been offered a new job before leaving your current company.