5 Benefits of Becoming a MLO: Why Becoming a Mortgage Loan Originator is the BEST Career Decision You Can Make!

Can you imagine what adding $40K – $70K to your bank balance would feel like?

More money to spend on a vacation.
Better healthcare.
A shiny, new car.
Private schooling for the kids.

You can cross quite a few items off your wish list when you have that kind of EXTRA money in the bank, right?

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That’s just one benefit of becoming a MLO. That’s right, becoming an MLO can change your life in a matter of months.

…Don’t believe me, though. Listen to the smart people at Indeed.com and Payscale.com.

“The average salary for “loan originator” ranges from approximately $80,727 per year for Loan Processor to $68,397 per year for Mortgage Loan Originator.” – source: Indeed.com 

“A Loan Originator earns an average salary of $43,638 per year.” – source: Payscale.com

Furthermore, my friend… These are just “average” salaries. With doing a quick search on Indeed.com, it showed me in minutes that there are jobs where the salaries can go up to $212,500/year. Imagine that!

This is one of the TOP reasons why becoming a Mortgage Loan Originator is a smart career decision.

…And that’s just one benefit for becoming a MLO. Want to know a few others?

1. Have a Career That Cares for Others

First up, it’s clear that being a mortgage loan originator you’ll play an integral role in helping families realize their home-owning dreams. You’ll be the one who’ll be interacting with them, streamlining the process and helping them get that mortgage so they can be proud homeowners. How amazing and fulfilling is that?!

If you enjoy seeing the smiles on people’s faces, this is the career that’ll give you all the warm fuzzies you need.

2. Better Work-Live Balance

Mortgage loan originators enjoy great flexibility as far as working hours are concerned. Not only that, most MLO jobs come with a bountiful of benefits and perks. Which means that you can enjoy terrific benefits like, health insurance, retirement plans and even fun perks like, catered meals or holiday pay and more!

That work-life balance will no longer be some mythical concept you pursue in vain but a reality that you’ll enjoy every single day.

3. Enjoy Job Security in a Growing Market

One of the major benefits of becoming a MLO is job security. As a mortgage loan originator, you have an in-demand career. According to the Bureau of Labor Statistics, the employment of loan officers is projected to grow by 8% from 2014 to 2024. Imagine never having to worry about not finding another job or losing the one you have. 

This kind of job security and growth is seriously enviable! Lucky you!

4. Add Insane Value to your Resume and Portfolio

If you are a real estate professional, getting your Mortgage Loan Originator License can be the best thing for your business. Imagine being able to not only help people find the house they want to buy but also being able to give them the mortgage assistance they need. You’ll have customers for life!

This is a brilliantly simple way to make yourself the go-to realtor for your area.

5. Money, Money, Money

Finally, let’s not forget the fact that MLOs make handsome salaries. Add to this, the work-life benefits we talked about above, and you’re looking at a career that’ll make every day feel like Christmas or your birthday!

The benefits of becoming a MLO is a career decision that your family, bank account, and your life will thank you for.

Now That You Understand the Benefits of Becoming a MLO, Are You Ready for Your License?

If you’re ready to get your hands on your MLO license without further delay, you’re in the right place.

Because we know what it takes to pass the NMLS exam even if you have NO real estate background and even if it’s your first attempt.

Put simply…. a Mortgage Loan Originator (MLO) is defined by the SAFE Act as “an individual who for compensation or gain, or in expectation of compensation or gain, takes a residential mortgage loan application, or an individual that offers or negotiates terms of a residential mortgage loan.”  

Did YOU know that you can become an MLO even if you have NO real estate experience? That’s right.

We haven’t earned  a 92% pass rate by simply doling out fluff and fancy!

Now you know what to do. You have a choice.

What’s it going to be?

Are you going to let the fear of failure hold you back from pursuing a dream that can change the trajectory of your life?


The Ultimate NMLS Exam Prep Kit: The 3 Success-Boosting Tools You Need to Pass the NMLS Exam!