Forex Digest

I am a service rep for a financial services company and I would like to be able to get new clients thru the internet but dont like craigslist. Does anyone have any other places where I could advertise myself?

there's also www.backpage.com. it's like craigslist tho.

2007-03-28 12:53:43 by klbond2002

www.easymoneydailyathome.com We assist You In Starting and Running Your Very Own Homebased Loan Brokering Business. Earn an Income You Can Brag ...

and what education is required?

Checkout these sites.

How to determine your salary range, a Yahoo HotJobs Site.

http://hotjobs.yahoo.com/salary/How_to_D etermine_Your_Salary_Range__2004421-1719 .html?subtopic=Salary

Here is another site that gives salary ranges by industry.

http://www.salary.com

U. S. Department of Labor Occupational Outlook Handbook.
A good reference material for job hunters.

http://www.bls.gov/oco/

Peace and blessings!

2007-08-01 23:14:17 by intestinal mucous

which one makes more?

Both are brokers and can be one of the other or both. Most brokers specialize in certain markets so as to become to become well known for a certain field.

A commercial broker specialize in doing commercial loans such as hotels, shopping centers, motels, warehouses apartment buildings that exceed more than 5 units, and other commercial properties.

A residential mortgage broker specialize in 1-4 unit apartments, single family homes and a hybrid called mixed use properties, where as a small commercial property might also have a living space on the same property.

The earning capacity will depend on the ability of the broker, number of sales that closed and other factors. Does he work alone or have others working for him, or is he on a corporate staff?

Brokers are allowed to hire others to work for him under his license. Since others are working for him he is entitled to a share of what transactions they bring into the office and close.

Since there are a variety of ways of earning it is difficult to determine what each can earn. It is safe to say that one that has others working for him/her will probably make more in the earning department.

I hope this has been of some use to you, good luck.

"FIGHT ON"

2007-08-01 22:57:07 by intestinal mucous

Can the broker hold a loan officers license while a commercial loan is in the pipeline. When the loan officer does not want to close with the current company? also, can i move the loan to my new company?

No One can HOLD possession of your license. However, if you placed a loan (submitted it to a lender) under a Brokers license (your being under that one as an individual) and the lender approved the loan, ethically, morally and maybe even legally depending on what you signed when you joined the broker, the loan should close UNDER that broker.

Again, ethically, morally and legally depending on what you signed at the time of employment/contract the broker SHOULD pay you the earned commission.

If the client refuses to take the loan with the OLD broker - that is the client's right. However, the client would then need to reapply through your new broker and get approved from preferably a different lender. You may even need to get a new appraisal since the broker that originally ordered the appraisal will not allow the appraisal to be released.

Sticky situation. My advice, always do the RIGHT thing. If the client will move forward with the deal, trust the broker to pay you and let the deal close. What goes around comes around. I know on commercial deals, commissions are great, proceed with caution. Your license is public record and if you get a complaint - that will follow you in the future.

Hope this helps

2007-07-25 18:20:36 by pakijr786

I would like to broker a loan for a small business, but I'd like to have a contract in place before I make the connection, just to be safe. I have no idea where to look for a sample contract. Everything I find is for real estate loans, not business loans.

2007-08-08 15:58:04 by Jeff