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| *Ostroff, Fair and Company>>>Renting & Real Estate |
I would like to know what the requirements are to become a NJ Mortgage Originator(Loan Originator)? |
Such as Licensing information, working enviroment(home or office), Salary$$$,etc. You will get paid on how good you are, but NJ is the wild west. They have no requirements to get your license. I would suggest trying to work at a bank. They will train you, maybe in a year you can move to a brokerage firm. It really depends on you. Most will be commission. I use to hire for banks and other mortgage companies. This was most our our mottos. I can teach anybody to fill out a loan application, but I cant teach them how to sale. Meaning, I didnt hire people that were econ majors. I hired people that were great at sales. Its a sales job, period. Heres the info for NJ. Department of Banking and Insurance Division of Banking Office of Consumer Finance 20 West State Street P.O. Box 040 Trenton, NJ 08625-0325 Ph: (609) 292-5360 Fax: 609) 292-5461 License required. No educational requirements. Registration $100.00. Source(s): 30 years mortgage real estate exp |
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