John Kresevic is an Executive Loan Officer for Forthright Funding in Scottsdale, Arizona, where he endeavors to get individuals and families the most competitive mortgage rates on offer. Kresevic saw the tremendous devastation caused by the economic financial crisis in 2008. Many individuals took out mortgages that they couldn’t possibly afford to pay, which in turn resulted in the economic crisis within the United States. Kresevic helped countless families rebuild their lives through mortgage refinancing, when he was employed at Quicken Loans. He continues this work currently, at Forthright Funding.
Kresevic advises individuals to gain experience in the banking industry. He says it is possible to get an entry-level position at a local bank if you can. There are endless opportunities to learn and build upon knowledge in the banking industry. The more exposure the better, according to Kresevic.
Kresevic advises all new ‘would be’ brokers to get licensed. Federal laws state clearly that all mortgage brokers need to be licensed to work within the mortgage industry. Each state in the United States has requirements; look into your location’s specific regulations to ensure legality. Usually a pre-requisite requires new brokers to complete more than twenty hours of study as well as pass a licensure exam.
Kresevic states that although it is possible to become a professional loan officer with a high school diploma and some suitable work experience, it is much more efficient to get a college degree. Earning a degree in marketing, accounting, or finance will give individuals the core skills and knowledge base required, at the professional industry level. John Kresevic achieved his own degree in Marketing from the Arizona State University in 2008. He hopes to start his own mortgage lending company in the near future.