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Find your opportunity to be a loan officer with a net branch
Net branching has emerged as an incredible opportunity in the mortgage market today for consumers, virtual loan officers, as well as small and large mortgage companies. Everyone involved in the operations benefit from mortgage branch affiliate programs and the virtual loan officer plays a vitally important role. The first (and probably the biggest) opportunity for a mortgage loan officer is that his scale of operations has increased now that a virtual loan officer is able to cover a wider area.
The number of net branches varies from company to company. Some companies are growing at a rapid pace and have as many as 500 branches or more with numerous virtual loan officers working for them. For each net branch, there is a requirement for experienced mortgage originators; this is an opportunity that comes with long-term benefits for the business as well as the people involved.
Some of the big companies have programs under which less experienced mortgage loan officer receive advanced training so they can use their skills to bring profit to the organization. This will translate into a higher growth opportunity with the net branch company.
The question is, how can a virtual loan officer take full advantage of opportunities like this? Every company, whether it is a Texas mortgage net branch or a California mortgage net branch, has a need for mortgage originators who can get loans closed. Most mortgage originators prefer to work from home; the freedom is important to them as much as the pay is. One of the many benefits of working as a virtual loan officer is being independent.
An integral part of being a mortgage net branch is procuring the licenses required to operate. As a virtual loan officer, it's no different. Every state has a different requirement for originating mortgages as a loan officer and it's part of your responsibility to ensure you are properly licensed in each state in which you originate a mortgage. Without them you simply cannot operate legally. So when you are diving into the pool of net branch opportunities, you need to figure out what is most important to you when it comes to becoming a virtual loan officer.