Joining the wholesale mortgage industry can be a promising career path that offers flexibility, unlimited earning potential and growth. And, as a military veteran, you can transfer many of the unique skillsets you obtained during your service over into a long-term career — specifically, your high level of integrity, dedication to service and work ethic make you the perfect candidate for a role as an independent mortgage professional.
Let’s take a look at some of the some of the key benefits you’ll enjoy.
- Unlimited resources
There’s an abundance of resources you can take advantage of in the wholesale mortgage industry to help ensure your success. Professional groups such as the Association of Independent Mortgage Experts (AIME) exist specifically to help support and amplify the visibility of broker channel and ensure its continued growth. As you get more involved in the industry and develop lender partner relationships, you’ll find that they are also there to help support your long-term success in the industry.
In addition, there are veteran-specific resources you can take advantage of to help jump start your career. For example, if you served on active duty after September 10, 2001, you may be eligible for the Post 9/11 GI Bill (Chapter 33). This helps pay for school or job training, meaning you could use it to pay for your Nationwide Mortgage Licensing System (NMLS) licensing to become a mortgage broker or loan officer. Contact your local VA office for more information.
- Chance to help the community
As an independent mortgage professional, you’ll be presented with opportunities day in and day out to help members of your community achieve their dream of homeownership. This is a rewarding career path that allows you to directly serve your community on a daily basis.
As a small business owner rooted in your community, you have niche knowledge of your area community that your competition from big banks and retail lender won’t be able to match. As you build credibility and help homebuyers, you’ll establish yourself as a local go-to expert and make a lasting impact that will keep business flowing in your door.
- Flexibility
One of the best perks of working in this industry is the extreme flexibility it offers. Your compensation is based on the number of loans you close, not on the number of hours you work. This means you can essentially set your own schedule as long as you’re meeting the needs of your clients.
The same concept applies to where you work. Even though you’ll be interacting frequently within the community, it doesn’t mean you need to be in the office or even in town all the time. The cutting-edge technology available exclusively to independent mortgage professionals from their lender partners will allow you to provide excellent service for your clients no matter where you are. This means that even if you or your spouse are still actively serving in the military, you can simultaneously have a successful wholesale mortgage career.
The wholesale mortgage space is a natural fit for military veterans, and with the industry currently experiencing explosive growth, there’s no better time than now to start exploring opportunities in this versatile and rewarding field.
Your military service equipped you with countless unique skills that are well-suited to a career in the mortgage industry as an independent mortgage broker or loan officer! Getting started is easier than you think.
