Average salary
National Statistic
Change Location
$30,000 - $115,000
JUNIOR MORTGAGE BANKER, IN-DEPTH: Some People Don't Understand That I'm There To Help Them
About this video
Oliver, a junior mortgage banker, describes the challenges of his job, what he likes most, his key decisions, how difficult getting into the industry is, and work-life balance. He tells us that it is difficult for him when people don't understand that he is there to help them because he sounds like a telemarketer.
Job Title: Junior Mortgage Banker
Job Summary: Loan Officers
Job Description
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses. Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions.
On-the-Job Training
Moderate-term on-the-job training
Certification Requirement
Recommended by the American Bankers Association.Quick Facts
Projected Job Growth
10 to 20 percent
Typical schedule
Full-time
Typical workplace
Office, Indoor
Personal Qualities
People skills, Problem solving skills, Detail oriented, Mathematical skills, Organizational skillsEducational Path
Education Requirement
Bachelor's degree
Recommended Education Degree
Bachelor's degree
Recommended Majors
FinanceBusiness
Business Administration and Management
Business and Management
Economics
Mathematics
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P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='730'>Helping</span> <span m='1010'>people</span> <span m='1260'>out,</span> <span m='2310'>definitely</span> <span m='3910'>solving</span> <span m='4280'>people's</span> <span m='4560'>problems,</span> <span m='5420'>even</span> <span m='5620'>if</span> <span m='5710'>they</span> <span m='5820'>didn't</span> <span m='6000'>necessarily</span> <span m='6500'>know</span> <span m='6750'>they</span> <span m='6850'>had</span> <span m='7080'>one.</span> <span m='7400'>Because</span> <span m='7700'>it's</span> <span m='7870'>a</span> <span m='8440'>wide,</span> <span m='8700'>scary</span> <span m='8960'>world</span> <span m='9210'>out</span> <span m='9350'>there,</span> <span m='9520'>in</span> <span m='9590'>the</span> <span m='9670'>world</span> <span m='9870'>of</span> <span m='9950'>mortgages.</span> <span m='10960'>And--</span> <span m='12470'>just</span> <span m='12630'>helping</span> <span m='12770'>people</span> <span m='13180'>out.</span> </p><p><span m='14040'>I</span> <span m='14150'>guess</span> <span m='14380'>getting</span> <span m='14590'>the</span> <span m='14670'>people</span> <span m='14930'>that</span> <span m='15210'>don't</span> <span m='15460'>understand</span> <span m='16100'>that</span> <span m='16230'>I'm</span> <span m='16329'>there</span> <span m='16480'>to</span> <span m='16540'>help</span> <span m='16770'>them,</span> <span m='17810'>the</span> <span m='17910'>people</span> <span m='18180'>that</span> <span m='18850'>just</span> <span m='19040'>want</span> <span m='19170'>to</span> <span m='19220'>hang</span> <span m='19410'>up</span> <span m='19560'>on</span> <span m='19670'>me</span> <span m='19810'>immediately,</span> <span m='20400'>because</span> <span m='20620'>it</span> <span m='20740'>sounds</span> <span m='20950'>like</span> <span m='21070'>a</span> <span m='21140'>telemarketer</span> <span m='21780'>to</span> <span m='21860'>most</span> <span m='22100'>people.</span> <span m='24970'>That's</span> <span m='25080'>a</span> <span m='25100'>difficult</span> <span m='25560'>thing</span> <span m='25720'>to</span> <span m='25770'>deal</span> <span m='25980'>with.</span> </p><p><span m='26990'>A</span> <span m='27090'>key</span> <span m='27260'>decision</span> <span m='27640'>was</span> <span m='27860'>to</span> <span m='28020'>really</span> <span m='28700'>buckle</span> <span m='29000'>down</span> <span m='29450'>and</span> <span m='29740'>to</span> <span m='30010'>decide</span> <span m='30490'>to</span> <span m='30580'>do</span> <span m='30780'>something,</span> <span m='31880'>decide</span> <span m='32290'>to</span> <span m='32409'>put</span> <span m='32580'>myself</span> <span m='32990'>out</span> <span m='33190'>there</span> <span m='33460'>and</span> <span m='33670'>get</span> <span m='33900'>into</span> <span m='34230'>the</span> <span m='34360'>system,</span> <span m='34960'>if</span> <span m='35060'>you</span> <span m='35070'>will,</span> <span m='35520'>and</span> <span m='36490'>really</span> <span m='36690'>work</span> <span m='36970'>hard,</span> <span m='37800'>and</span> <span m='38900'>have</span> <span m='39000'>something</span> <span m='39270'>to</span> <span m='39310'>show</span> <span m='39490'>for</span> <span m='39800'>it.</span> </p><p><span m='40510'>I</span> <span m='40620'>would</span> <span m='40840'>say--</span> <span m='41996'>it</span> <span m='42400'>wasn't</span> <span m='42750'>for</span> <span m='42870'>me,</span> <span m='43230'>fortunately--</span> <span m='44430'>I</span> <span m='44530'>would</span> <span m='44690'>say</span> <span m='44820'>that</span> <span m='44950'>it</span> <span m='45410'>is</span> <span m='46270'>difficult,</span> <span m='46780'>because</span> <span m='48580'>it's</span> <span m='49200'>a</span> <span m='49270'>long</span> <span m='49510'>process</span> <span m='49970'>to</span> <span m='50060'>get</span> <span m='50190'>your</span> <span m='50320'>NMLS</span> <span m='50800'>and</span> <span m='50880'>stuff,</span> <span m='51090'>which</span> <span m='51240'>I</span> <span m='51350'>actually</span> <span m='51680'>currently</span> <span m='51990'>don't</span> <span m='52280'>have.</span> </p><p><span m='53055'>What is that?</span> </p><p><span m='53950'>NMLS,</span> <span m='54500'>I</span> <span m='54580'>believe</span> <span m='54860'>it's</span> <span m='55030'>the</span> <span m='55150'>national</span> <span m='55550'>mortgage</span> <span m='55940'>license--</span> <span m='57540'>something.</span> <span m='58730'>The S</span> <span m='59000'>stands</span> <span m='59610'>for</span> <span m='59710'>something.</span> <span m='60230'>And</span> <span m='61390'>it's</span> <span m='61710'>a</span> <span m='62420'>pretty</span> <span m='62660'>standardized</span> <span m='64530'>test</span> <span m='65430'>to</span> <span m='65560'>make</span> <span m='65790'>sure</span> <span m='65920'>that</span> <span m='66050'>know all</span> <span m='66440'>your</span> <span m='66580'>stuff</span> <span m='67290'>and</span> <span m='67500'>so that</span> <span m='67640'>you</span> <span m='67830'>can</span> <span m='67990'>practice</span> <span m='68670'>on</span> <span m='68780'>your</span> <span m='68940'>own.</span> </p><p><span m='69590'>My</span> <span m='69730'>work/life</span> <span m='70330'>balance</span> <span m='71000'>is</span> <span m='71730'>pretty</span> <span m='72270'>standard.</span> <span m='72810'>It's</span> <span m='72850'>a</span> <span m='72900'>standard</span> <span m='73290'>40-hour</span> <span m='73690'>workweek,</span> <span m='74100'>unless</span> <span m='74370'>I</span> <span m='74410'>need</span> <span m='74560'>to</span> <span m='74630'>stay</span> <span m='74910'>overtime.</span> <span m='76780'>Monday</span> <span m='77080'>through</span> <span m='77230'>Friday.</span> <span m='78786'>It</span> <span m='79220'>feels</span> <span m='79550'>good</span> <span m='80100'>to</span> <span m='80250'>balance</span> <span m='80960'>working</span> <span m='81800'>into</span> <span m='83030'>your</span> <span m='83230'>day,</span> <span m='83560'>to</span> <span m='84410'>have</span> <span m='84560'>a</span> <span m='84600'>sense</span> <span m='84820'>of</span> <span m='84930'>purpose.</span> <span m='85520'>And</span> <span m='85670'>so,</span> <span m='86550'>when</span> <span m='86650'>I'm</span> <span m='86750'>at</span> <span m='86890'>work,</span> <span m='88280'>it's</span> <span m='88470'>work</span> <span m='88720'>mode.</span> <span m='89400'>And</span> <span m='89540'>when</span> <span m='89690'>I</span> <span m='89830'>come</span> <span m='90040'>home,</span> <span m='90320'>it's</span> <span m='90760'>home</span> <span m='90940'>mode.</span> <span m='91240'>And</span> <span m='91360'>I</span> <span m='91560'>like</span> <span m='91830'>that</span> <span m='92040'>balance.</span> </p>","file":{"id":360265,"video_id":"3230017106001","name":"2083-Oliver-p-JrMorgageBanker2 In-depth","duration":93252,"thumbnail_url":null}});
