QUICK OVERVIEW HOW TO START AS A LOAN CONSULTANT IN THE PHILIPPINES

Loan consultants assist clients with loan and mortgage decisions. Their duties may include contacting people to ask if they want a loan, meeting with loan applicants, and explaining different loan options. They also analyze applicants' financial information and choose whether or not to offer a loan. Loan consultants generally work in an institution such as a bank and they might choose to specialize in a particular type of loans such as non-collateral loans i.e personal, business, salary, OFW loan, seaman loan, or collateral loans i.e mortgage, ORCR Sangla. 

Loan consultants share similar job duties to loan officers and work in financial environments such as banks, credit unions, real estate offices, and mortgage companies. These consultants may also conduct their business in private offices.

You may perform a variety of tasks related to the mortgage lending or loan application process. You may also meet with existing or potential clients to assess their financial situation, provide information on the various types of loans and approve loans.

Working as a loan consultant, you'll likely need an undergraduate degree in business, finance, or another relevant field. In some positions, you may receive initial on-the-job training, and some employers also provide additional in-house training opportunities.

Let say, for example, if you're interested in becoming a mortgage loan officer, you'll need a Mortgage Loan Originator license. The licensing process includes a combination of coursework and an exam, as well as a background check and financial history review. Once you obtain a license, it will need to be renewed every year.

Additionally, those interested in becoming a loan consultant might also wish to research some related alternative careers which require a similar skill-set and a bachelor's degree. For instance, financial analysts advise individuals and businesses about investing and monitor the performance of their investments.

However, if you plan to be a self-employed loan consultant, be ready for strong competition. Many loan consultants go directly to their bank, and others will want to go to well-known consultants. Study your competition, and then use that information to either copy successful marketing tactics or offer something new to the small business market.

This is when a consultancy firm comes in handy such as Sales and Loans Brokerage. They're an online loan consulting firm established in 2017, that has access to banks and known financing companies in the Philippines. Since they started their operation they offer free mentoring programs to aspiring loan consultants. Thus, you do not need to submit a diploma, training certificate, and like to start. But they will prepare you professionally. With them, you have access to banks and known financing companies' loan offers. 

If you think you have the guts to be a loan consultant in the market, contact them now and start earning P50,000 to P100,000 each month. Click here.