Are you looking at getting into the mortgage industry, and you don’t know where to start? There is nothing to worry about.
Logan Lindstrum, a young entrepreneur and a TV host of the Financing the American Dream show and a Mortgage loan officer, has been ahead of the game helping you achieve this goal. He has helped more than 300 families own homes, disbursing over 30 million residential home loans in 2021 alone.
Becoming A Loan Officer
Logan has been a loan officer for three years. He was first introduced to this space by his mother, who introduced him to her loan officer. After several weeks of talking with him, he converted Logan to the loan side. “This was the best thing I have ever done,” says Logan.
Logan works with a team. According to him, you don’t need to close many deals to make much money. He is helping spread the knowledge to other people to help their business rump up. One of the things that Logan has realized is that many people struggle with interest rates issues.
He has realized that many people in their 30s and 40s are still struggling to pay student loans and only make minimum payments. They don’t realize that by making the minimum payments, the interest rates on that loan keep compounding so quickly that they aren’t paying their own. So this situation has put many into early dead spots, which is why Logan wants people to get out of this shame. He wants his friends and family to have good-paying jobs, own their own homes, and live their best lives.
How Press Makes Logan Successful In Financing People’s Homes
Media has been one of Logan’s tools to reach out to people. He has been on a show, Financing The American Dream, featured on CNBC, Travel Channel, Fox Business, Bloomberg, Apple TV, Roku, Amazon Fire, and more. His focus has been on real estate, lifestyle, and culture, where he features real estate professionals and local businesses.
Logan always positions himself around other people and players in the industry, which helps him build credibility. He likes talking to everybody and assuring them that he will always be there for them whenever they need his help.
Advice To Loan Officers
Loan officers can play a significant role in financing people’s homes. Therefore they should be at the forefront in building relationships and managing them. Customer relationship management comes with many benefits, including; cultivating new leads, increased profitability, increased sales, and customer service and retention. You, therefore, need to genuinely ask yourself one question, why do people want to work with me?
Also, you need to be willing to work crazy hours and provide services distinguished from all the other people who do a 9-5 in that position. Therefore focus on your customer service and have a good relationship with the realtors. Despite focusing on the client experience, always remember that your referral partners are the main focus of the business.