Online Mortgage Training Is It Really Worth It

Writen by Ben Ehinger

Online mortgage training is become more and more popular. Companies don't have the time or the necessary resources to train all of their account executives and loan officers. Plus if you ever wanted to open your own mortgage brokerage it would be nice to be able to train to do it for very cheap.

Is online mortgage training really worth it though? Well, let's look at how the industry trains you if you are hired as an entry level account executive or loan officer.

The first thing they will do is sit you in a room by yourself to watch a few video tapes. Usually these are either about the company, the local laws for the industry, or about sales. If you actually make it through these without falling asleep the next portion is all book training. I can remember reading for what felt like 5 days at 8 hours a day. Let me just say I took a few naps.

Then, you will shadow someone as they do telemarketing and take phone calls. This is also boring because nobody wants to be a telemarketer and you don't learn the ins and outs to getting leads without having to make cold calls all the time.

Now, let's take a look at what online training will do for you. If you decide to train as an account executive or loan officer online you can gain a lot of necessary skills at your own pace without sleeping through boring videos. Being able to study the material at your own pace allows you to choose how long you spend on it each day.

Then, when you get hired you can tell your new boss that you are already trained and are ready to jump right in. You may still be required to do some telemarketing, but because of the online training you will be able to create your own leads and you won't have to do anymore cold calls.

All in all, I prefer the online training over the traditional boring reading material and videos. It taught me skills I desperately needed and allowed me to step up my game a little bit and make some extra money.

Get the online training you need to become an account executive or loan officer today. Get the skills that you need to be successful in the mortgage industry below: Loan officer Training

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