If you've ever tried to get a bank loan or mortgage, the chances are that you've encountered a loan originator. They are the door to getting a loan, and they hold your hand through the process.
The job of a loan originator is two-fold. First, they convince the borrower that their loan schemes are the best. Secondly, they help borrowers choose loans with the most suitable conditions. As a loan originator, you may be paid on commission, which makes you a salesman.
Other responsibilities associated with this career path include evaluating borrowers' financial history, submitting loan applications, and providing continued assistance to the borrowers.
There are no specific educational requirements for this profession. However, you'll need to register with the Nationwide Mortgage Licensing System and Registry (NMLS) and pass the required national exam. You'll also need sales-related skills like persuasion and listening.