Mortgage loan brokers make a ton of money and most of the ones that I happen to know never work over 35 hours a week anymore. Why would you want to be a mortgage loan broker and how do you become a mortgage loan broker?

The beginning sentence of this article should be enough to spark your curiosity about becoming a mortgage loan broker. There are many more benefit including: very high income level, freedom of being your own boss, an industry that will never die, and the added satisfaction of helping people with one of their most important decision in their lives.

So, how do you become a mortgage loan broker and get all these benefits. I recommend first starting with some basic online training. This will allow you to move at your own pace and learn the industry while working at your current job. There are plenty of courses that can help you learn about this industry.

I also recommend reading up on the real estate industry. This will help you have a better understanding of what you are getting into. You will also have to check with your state about licensing and start contacting actual lenders. You will need the lenders so that you can actually take care of your customers.

You will also need to get in contact with some telemarketing firms and advertising firms to set up different options for your advertising. I prefer direct mail marketing myself. It is proven and allows the customer to contact you with a true interest in your product.

There are a few more steps including setting up accounts with the lenders, finding an office space to work out of, hiring loan officers ( if you decide to), and getting the basics of your business set up.

The mortgage brokering field is a very lucrative one and is not very expensive to get started in. The most important thing is to know and learn the products the lenders offer for you to sell. This will make it easier for you to recommend the right product for your customer’s situation and sell them on a good deal.