The mortgage industry accounted for $1,815,949,279,000 in loan transactions in 2004. That’s one trillion, eight hundred and fifteen billion, nine hundred and forty-nine million, two hundred and seventy nine thousand dollars…in one year!
Mortgage brokers average better than 1% commission on every transaction…so a conservative estimate is $18,159,492,790 to the mortgage industry in commissions last year. Eighteen billion is a lot of money to go around.
Consider a profession that doesn’t require any formal schooling yet offers a six-figure plus income potential to any broker who wants it.
Here’s how the business works…
A mortgage broker acts as the middle man between a borrower and a lender. The broker bridges the communication gap between the technical requirements of the lender and the non-technical demand of the borrower. And here’s the best part…mortgage brokers get a cut of every loan they close.
The upside for this profession is nearly unlimited. Once you’ve reached a high monthly income level from your mortgage commissions you can move into other areas of the business and make huge...
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