I am currently 27 years old, looking for a career change. I have been in Law Enforcement, but have to change the career field, due to problems with my knees. I currently have a Bachelor of Science in Criminal Justice and an M.B.A. degree, with a Concentration in HR Management.
I do not have any Banking or Mortgage background, and I did not take any Accounting, Finance, Mortgage or Banking courses in college at all. Basically, I am going to be fresh in the industry. I have been applying to jobs to several banks in the area where I live. Jacksonville, Florida
My question for everyone is, how do I enter this career field? I have always had an interest in it, but I started in another career and degree first, so I continued with the Law Enforcement idea.
What are different job titles I should be looking for, to get started with myself having no experience, very little knowledge, and an M.B.A. degree?
Can I start out making at least $35,000 per year?
Is this going to be very difficult, with my position?
Please fill me in on some of your opinions, thanks!
(NOTE: Anyone in this area of a career or that has connections here in Florida, any help you could give me to get my foot in the door, would be much appreciated).
Answers & Comments
Verified answer
There are several changes that have been made in the mortgage industry.
In order to become a loan officer and work for a mortgage loan company you would have to take the loan officers course followed by the state examination of your state to obtain a loan officer's license. You don't have to to have a license to work as a loan officer in a bank, however, with experience you would not be able to obtain a loan officer position with a bank.
You might consider taking a courses in loan processing or underwriting being offered by several mortgage schools in your area.. You would have to google mortgage loan processing or underwriting to find out the location of these schools in you area.
Normally after successfully completing a courses you would get a certificate of completion and could be offered an entry level position in a mortgage lending company or bank. Some of these schools would offer a referral to you for a position at a bank or mortgage lending company. An entry level position would be that of a loan processor or underwriter assistant.
Normally in the mortgage lending industry you would be able to earn $35,000 per year and as you gain more experience you would be able to earn more.
With your academic accomplishments you would have few problems with the course work in the loan processing or underwriter's course. Normally an underwriter earn more than that of a mortgage loan processor.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
i don't experience sorry for them in any respect. some human beings have valid excuses (ailment that expenses plenty, loss of activity, dying in kin, etc.). yet, all and distinctive who have been given in on the coolest of the industry and/or money-out refinanced on the coolest of the industry replaced into purely a fool. in the event that they lose each thing because of the fact they theory the housing industry replaced into an ATM gadget, bummer. that may no longer my concern. a chum of mine desperate to coach a house in 2004/2005. He have been given it for approximately $120K and positioned approximately $20K of fabric into it. yet, he's a known contractor (plumber by using commerce) and so replaced into his companion (framing, many times). They did as a good number of the artwork as they'd themselves, so as that they saved plenty on hard artwork. yet, after all replaced into suggested and finished in early 2005, the priority sat on the marketplace for 3 months and at last bought for $130K. So, they lost money on the deal, to no longer point out the lost gross revenues of no longer taking on different jobs on an identical time as working in this one. Oh, nicely. it is their concern.