Job Market Best Secret

The Best Kept Secret In The Job Market

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I recently read an article by Jim Clifton, CEO of Gallup and author of The Coming Jobs War. He questioned whether our leaders in Washington are comfortable with high unemployment becoming the “new normal.” The recent  jobs report stated that 195,000 jobs were added to the economy in June. This is a high number, but many economists believe that based on the depressed state of the economy, we should be adding 200,000 to 300,000 per month.

While the Bureau of Labor Statistics (BLS) employment rate stands at 7.6%, Mr. Clifton sites Gallup as calculating an underemployment rate of 17.2%. He explains that the 17.2% rate would indicate that 20 million Americans are unemployed or grossly underemployed.

Additionally, The BLS rate doesn’t reflect the unemployment rate among millennials (13.1%) or minorities (9.6 – 13.1%). I’m not a politician and I do not have a policy answer to our Nation’s unemployment problem, but would like to expose one of the best kept secrets in the job market today. This secret could unlock a dream career for thousands of job seekers.

So, What’s The Secret?

Enough with the doom and gloom! Here’s a pop quiz! In our challenged economy, which industry is hiring at its highest rate in five years? Which industry added 29,000 jobs last year while posting 10 straight months of job growth? Answer: the Mortgage Industry. Which jobs did the BLS forecast to grow 14% between 2010 and 2020? Answer: Loan Officer jobs.

In my position, I work closely with mortgage companies, retail banks, and credit unions providing sales production and leadership development training. In my 25 years within the mortgage space, I’ve never seen the industry hungrier for new talent and fresh faces. Many older Loan Officers have retired or left the industry and companies realize that they must be replaced. In addition, a new generation of tech-savvy, digitally connected potential home buyers will enter the market, looking to do business with Loan Officers who look like them. Now is the perfect time to enter the mortgage industry as a Loan Officer.

Dream Jobs Are Available!

Loan Officer positions are often overlooked by most job seekers or career changers. Yet it is one of the few career choices with unlimited earning potential, flexibility, and the opportunity to truly make a difference in the lives of others. I had the privilege of entering the mortgage industry and becoming a Loan Officer accidentally. I’ve fallen in love with this wonderful career. I am passionate about sharing this incredible opportunity and ensuring that every single person knows that jobs in the mortgage industry are available.

There are three things in life that the typical American wants – to get married, buy a home, and have children. Being a Loan Officer is an incredible career that allows you to help people all across the country realize the dream of home ownership.  I have personally had countless experiences with clients overwhelmed by emotion, even crying at the closing table as they were handed the keys to their first home. It’s an amazing feeling to know my career as a Loan Officer allowed me to be a part of helping them with one of the most important decisions in their lives.

Clearly, becoming a Loan Officer is a career choice worth considering, but don’t just take my word for it. Do your own research.Visit NewLoanOfficer.com to learn more about this profession.

Photo Credit: Shutterstock

Casey Cunningham

Casey Cunningham is Founder & CEO of XINNIX, The Mortgage Academy of Excellence and Creator of ORIGINATOR Plus – a program that provides Loan Officer training and secures interviews with mortgage companies for students. Learn more at NewLoanOfficer.com.

3 comments

  1. You really should do more research. The only people who make a good living as a loan officer are the managers in the upper middle, and of course the top level people. Do you have any friend who are in the loan officer business? I bet not, due to you would know the horrific hours and commission/draws that lead to little pay for the low level people.

  2. Really!!! Mortgage loan officers. The profession that padded their own pockets while ignoring economic risk and bring the world to financial ruin we are still paying for. Thank you – you can keep your job as a human parasite.

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