So I’m a mortgage officer and business has been slow for about a year now. I’m getting tired of not making the kind of money I should be. What are other LOs doing now that the industry is shrinking? Or are you finding success as an MLO and how?

likehelpfulfunny
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Business is slow for sure.
Some of the bigger team/higher volume LO’s are still making good $$, but have laid off 1 or more assistants and 1 or more Jr./ team LO’s and even laid off their team manager. middle of the road guys seems to be making things work, but not sure for how long.. lower end have mostly/ those just in it for the $$ have switched industries. Others who came in from different areas of finance or with degrees went back to old professions, other areas of sales, or joined compli

Part 2: or joined companies like Zillow or Fannie Mae.

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