Debating starting the job search since residential lending right now is getting tougher and the outlook isn’t too promising. I currently plan on sticking it out, but just curious if anybody has made the transition from LO to another sales position in a different industry with any luck? 100% commission can be tough when it’s so slow.

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If you can stick it out financially for a while it could be worth doing. there are going to be a lot of people leaving the business and once the market shifts that is good for those who were able to stick it out and improve their business when others were fleeing.

In the past few years I have had multiple customers, childhood friends, insurance agents all become licensed LOs chasing $$ and almost all of them are leaving the business now. Plus the tens of thousands of LOs that are nearing retirement age. That leaves a lot of agent relationships and customers in need of quality originators to fill the gap.

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