Your Successful Career as a Mortgage Broker - by David Reed (Paperback) (2024)

About the Book

In the next few years, home purchases are expected to run into the trillions, creating unprecedented opportunity in the mortgage banking industry. This book from a veteran mortgage banker will help you get in on the action. Detailed and packed with information, it's an invaluable guide for creating a brilliant career in an ever-growing field.

Book Synopsis

Mortgage banking is one of the fastest growing industries in the country. In the next few years, home purchases are expected to run into the trillions, creating more opportunity than ever for people seeking a career in this profitable industry. Real estate author, columnist, and veteran mortgage banker. David Reed offers practical advice on licensing and educational requirements, as well as valuable guidance on the different career options available as a mortgage broker, mortgage banker, correspondent mortgage banker, and more. Aspiring mortgage brokers will also discover how to: * Quote interest rates * Get approved by wholesale lenders * Negotiate the steps of the loan process * Market and prospect successfully Detailed and informative, Your Successful Career as a Mortage Broker is an invaluable tool for creating a brilliant career in an ever-changing, ever-growing field.

Review Quotes

-... The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner.-

-Realty Times

-In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new and potential mortgage bankers and brokers.-

--The Midwest Book Review

-Now, finally, we have a practical guide to help people get started in mortgage lending. David Reed's latest book, Your Successful Career as a Mortgage Broker, is not only the one common-sense book every mortgage loan officer should have on their desk, it also contains important information for borrowers....Reed, a Texas mortgage lender and a contributing columnist with Realty Times, has a long history of helping consumers....AMACOM, Reed's publisher, is also the long-time publisher of Your Successful Real Estate Career by Kenneth W. Edwards. The Edwards' guide is by far the best introduction to real estate brokerage for prospective agents and brokers. Now AMACOM has also published Your Successful Career as a Mortgage Broker and obviously has another long-term winner on its hands.-

-Realty Times

-..comprehensive look at how to become a mortgage originator, which route to take to success and what it takes to get there.- - MortageDaily.com

.."comprehensive look at how to become a mortgage originator, which route to take to success and what it takes to get there." - MortageDaily.com

..". The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner."

-Realty Times

"In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new and potential mortgage bankers and brokers."

--The Midwest Book Review

"Now, finally, we have a practical guide to help people get started in mortgage lending. David Reed's latest book, Your Successful Career as a Mortgage Broker, is not only the one common-sense book every mortgage loan officer should have on their desk, it also contains important information for borrowers....Reed, a Texas mortgage lender and a contributing columnist with Realty Times, has a long history of helping consumers....AMACOM, Reed's publisher, is also the long-time publisher of Your Successful Real Estate Career by Kenneth W. Edwards. The Edwards' guide is by far the best introduction to real estate brokerage for prospective agents and brokers. Now AMACOM has also published Your Successful Career as a Mortgage Broker and obviously has another long-term winner on its hands."

-Realty Times

..". The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner."

-"Realty Times"

"Now, finally, we have a practical guide to help people get started in mortgage lending. David Reed's latest book, "Your Successful Career as a Mortgage Broker," is not only the one common-sense book every mortgage loan officer should have on their desk, it also contains important information for borrowers....Reed, a Texas mortgage lender and a contributing columnist with "Realty Times," has a long history of helping consumers....AMACOM, Reed's publisher, is also the long-time publisher of "Your Successful Real Estate Career" by Kenneth W. Edwards. The Edwards' guide is by far the best introduction to real estate brokerage for prospective agents and brokers. Now AMACOM has also published "Your Successful Career as a Mortgage Broker "and obviously has another long-term winner on its hands."

-"Realty Times"

.".comprehensive look at how to become a mortgage originator, which route to take to success and what it takes to get there." - MortageDaily.com

.".. The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner."

-"Realty Times"

"In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new and potential mortgage bankers and brokers."

--The Midwest Book Review

“In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new and potential mortgage bankers and brokers.”

--The Midwest Book Review

“Now, finally, we have a practical guide to help people get started in mortgage lending. David Reed's latest book, "Your Successful Career as a Mortgage Broker", is not only the one common-sense book every mortgage loan officer should have on their desk, it also contains important information for borrowers....Reed, a Texas mortgage lender and a contributing columnist with "Realty Times", has a long history of helping consumers....AMACOM, Reed's publisher, is also the long-time publisher of "Your Successful Real Estate Career" by Kenneth W. Edwards. The Edwards' guide is by far the best introduction to real estate brokerage for prospective agents and brokers. Now AMACOM has also published "Your Successful Career as a Mortgage Broker "and obviously has another long-term winner on its hands.”

-"Realty Times"

"... The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner."

-"Realty Times"

“..comprehensive look at how to become a mortgage originator, which route to take to success and what it takes to get there.” – MortageDaily.com

"In an age where borrowers can choose to have all or none of their income or assets verified to secure a mortgage, Mr. Reed does an excellent job describing the process and alternatives for new and potential mortgage bankers and brokers."

--The Midwest Book Review

.,." The one common-sense book every mortgage loan officer should have on their desk... Another long-term winner."

-"Realty Times"

"Now, finally, we have a practical guide to help people get started in mortgage lending. David Reed's latest book, "Your Successful Career as a Mortgage Broker," is not only the one common-sense book every mortgage loan officer should have on their desk, it also contains important information for borrowers....Reed, a Texas mortgage lender and a contributing columnist with "Realty Times," has a long history of helping consumers....AMACOM, Reed's publisher, is also the long-time publisher of "Your Successful Real Estate Career" by Kenneth W. Edwards. The Edwards' guide is by far the best introduction to real estate brokerage for prospective agents and brokers. Now AMACOM has also published "Your Successful Career as a Mortgage Broker "and obviously has another long-term winner on its hands."

-"Realty Times"

About the Author

David Reed (Austin, TX) is a veteran mortgage banker who has closed more than 1,000 mortgages. He is a columnist for Realty Times and Mortgage Originator Magazine and is a member of the Mortgage Speakers Bureau. He is the author of Mortgages 101 (0-8144-7245-1), Who Says You Can't Buy a Home (0-8144-7340-7), and Mortgage Confidential (0-8144-7369-5).

Your Successful Career as a Mortgage Broker - by  David Reed (Paperback) (2024)

FAQs

Why do I want to be a mortgage broker? ›

You may have already built up the skill set of a mortgage broker in previous roles. The desire to have better work-life balance. The potential to be your own boss and manage your schedule. The flexibility to change up whether you work in a brokerage of independently.

How to make money as a mortgage broker? ›

Because a broker's job is commission-based, they are paid by the transaction. So, for example, a broker who charges a 2% rate to close a loan valued at $250,000 would earn $5,000. Factors such as the local real estate market and the broker's experience level can significantly affect how much they earn.

What do top mortgage brokers make? ›

$107,079

How do you know if a mortgage broker is good? ›

A great mortgage broker will guide you through the application process and give you options based on your unique situation. They won't push financial products or force you to accept loan terms without first meeting you or discussing your expectations.

Why do you want to be a broker? ›

Working as a broker provides a good opportunity to develop transferable negotiation skills, work with clients and gain specialist financial services knowledge. You also earn commission fees for executing transactions on top of your annual salary.

Is it hard to be a successful mortgage broker? ›

A successful mortgage broker requires a variety of professional and interpersonal skills, most notably: Openness: Clients will have to share sensitive personal and financial information with their mortgage broker, so you need to quickly establish yourself as trustworthy.

Can I be a mortgage broker as a side hustle? ›

As a side-job mortgage broker, you may get fewer clients than full-time mortgage brokers, as you work fewer hours. Depending on your client base and the projects you undertake, you may give presentations to provide personalized client advice.

How do I sell myself as a mortgage broker? ›

By focusing on building a strong personal brand, creating an engaging website, leveraging social media, offering valuable content marketing, utilizing email marketing, embracing video marketing, networking with real estate agents, and implementing local marketing strategies, you can stand out from the competition and ...

How do brokers make so much money? ›

Most investment accounts hold a small amount of cash, and a broker sweeps that cash into a deposit account that earns interest. A small portion of that interest is paid to the investor, and the brokerage firm pockets the rest. Brokers also sell trades to market makers, which earns them a small fee per trade.

What type of broker gets paid the most? ›

High Paying Brokerage Professional Jobs
  • Broker. Salary range: $45,000-$131,500 per year. ...
  • Commodity Broker. Salary range: $97,500-$112,500 per year. ...
  • Energy Broker. Salary range: $60,500-$78,000 per year. ...
  • Associate Broker. Salary range: $44,000-$73,500 per year. ...
  • Stock Broker. ...
  • Broker Assistant. ...
  • Brokerage Clerk.

Who is the top mortgage broker in the United States? ›

  • Mortgage broker companies.
  • Loan Factory.
  • C2 Financial Corporation.
  • Loan Pronto.
  • Simplify Home Loans.
  • City Creek Mortgage.
  • SunnyHill Financial.
  • Answer Home Loans.

What are the benefits of becoming a mortgage broker? ›

Engaging Work: Each client you work with will have different needs and as a broker, you'll experience a change of different personalities and situations making each day distinct and engaging. Scalable Income: Mortgage broker income is typically composed of a combination of base salary, commissions, and bonuses.

What not to say to a mortgage broker? ›

Here are some crazy things would-be home buyers have said to lenders, and why they're cause for concern.
  • 'I need to get an extra insurance quote due to … ...
  • 'I can't believe how much work the house needs before we move in' ...
  • 'Please don't tell my spouse what's on my credit report'
Apr 3, 2024

Is it good to be a mortgage broker? ›

Unlimited earning potential

Since you are often your own boss, your earning power rests on your own shoulders. Mortgage brokers have great earning potential, and that's one reason many people get into it. However, one should not assume that this profession will earn you money overnight.

Why a mortgage broker is better than a bank? ›

Many individuals prefer to work with a broker regardless of their situation because it gets them access to lenders they wouldn't think to look for. Mortgage brokers may also be able to help loan seekers qualify for a lower interest rate than most of the commercial loans offer.

Why would you choose to go to a broker? ›

Working with a mortgage broker can potentially save you time, effort, and money. A mortgage broker may have better and more access to lenders than you have. However, a broker's interests may not be aligned with your own. You may get a better deal on a loan by dealing directly with lenders.

Why do you want to work for a mortgage company? ›

There are a lot of reasons to become a mortgage lender. On one hand, you get to directly benefit from your own hard work with limitless potential. On the other, you get to help others make one of the biggest financial decisions of their lives — a decision that could help pay off for generations to come.

Why do you want to be a mortgage specialist? ›

From helping people with life-changing financial decisions to being part of big dreams, Mortgage Professionals make people smile. With easy access to leading-edge industry tools, Mortgage Professionals save people time and money by sourcing mortgage solutions to meet individual financial needs.

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