How does one become a broker or originator in Texas?

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Icon Mini Profile dptr7300




Joined: 05 May 2009

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PostPosted: Tue May 05, 2009 6:52 pm    Post subject: How does one become a broker or originator in Texas?

30 yrs experience in commercial equipment financing and leasing, nervous about surviving my current position.
Icon Mini Profile eric1

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PostPosted: Tue May 05, 2009 7:46 pm    Post subject:

My suggestion would be to speak with a local broker and talk about the position of loan officer. Then see if they would be willing to train you.
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Icon Mini Profile Realgeni




Joined: 13 Apr 2009

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PostPosted: Tue May 05, 2009 8:01 pm    Post subject:

These websites have some information.

http://www.sml.state.tx.us/tdsml_faq_mb_general.html

Try the FAQ section.
Icon Mini Profile dptr7300




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PostPosted: Wed May 06, 2009 3:46 am    Post subject: Becoming a broker / originator in Texas

Thanks for the info. Do you think it is possible to get into the business on a part time basis initially to get my feet wet, then go full time when it appears that I can make the income I require?
Icon Mini Profile Realgeni




Joined: 13 Apr 2009

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PostPosted: Wed May 06, 2009 2:51 pm    Post subject:

I think thats quite possible.

Lot of people who work as Realtor work part time and same can apply here.
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