Pros
As a loan officer you have the opportunity here to make as much money as you want to work to make. There is not limit besides your own ability and willingness to work hard.
If you are sociable, good with people, and confident in your abilities you will do very well here and in the mortgage industry. If you are not, this is not the industry for you and you will not enjoy this line of work. If you are then you know that not only are you helping people, but you will make a great living with a great company of people who care.
They are always trying to figure out new ways to streamline the process. This makes everyone in the company more money. When I started here loan officers did do most of the processing work, but that is not the case anymore. We are originators now and not processors which has opened up the door for us to double, in most cases, our ability to originate.
Leads are provided to you through a lead system, and you will never run out of them. This companies marketing budget goes to pay for the leads. So your paycheck is not affected by this, except in a positive way.
You are not micromanaged here. You handle your business as you are expected to, and that's that. No one is standing over your back to make sure you are doing your job. But if you are not doing your job you will not last long anywhere.
The company has great benefits, 401k, insurance, etc. They have contests at least 2 times a year for a 1 week cruise. They have company paid happy hours when we all have a great month to celebrate. This is a great place to work, and I don't think I could earn any more money than I do here anywhere else without a degree. The management is great and there is no office drama.
The company is always growing in more ways than just size. Everyone here is driven to become better at whatever they are doing which makes it a great place to be.
I know my manager has my back and that is a good feeling that you cannot say everywhere you work.
Cons
Federal regulations surround you at all times when you do this job.
You must be able to meet deadlines for sales contracts, you must be willing and able to deal with the consequences of taking the blame for this even if it is not directly your fault because you are the face of the company to the client, and all other parties involved in a transaction.
(Eventually you get good enough to where you don't miss deadlines period. And the processing and underwriting for us is all in house and very efficient. You only miss a closing date if it is your fault, or if there is something wrong with the property.)