It’s so important for loan officers to continue to expand their professional networks and stay on top of everything happening within the mortgage industry. You don’t want to fall behind the competition because you aren’t well-connected. One way to stay on top of everything is to get involved in networking groups. Here are the top 4 networking groups for loan officers that you should be a part of:
1. Toastmasters International
If you have trouble with public speaking, you’re not alone. A lot of people have natural anxiety that comes with having to speak to a large crowd. Toastmasters International is a world leader in communication and boasts over 345,000 members in 142 countries around the globe. This group is dedicated to boosting leadership skills and helping its members become strong public speakers.
2. National Association of Mortgage Brokers
The National Association of Mortgage Brokers began in 1973 as the sole industry trade association. The group has affiliations with chapters in all 50 states and Washington D.C. There are meetings throughout the year and members receive access to pro-level educational opportunities, certification programs, and benefits that aim to minimize business costs and boost productivity.
3. Mortgage Bankers Association
The Mortgage Bankers Association includes 44 state and local associations, including groups in Puerto Rico and Washington D.C. When you join one of the local chapters, you can connect with other members across the nation and gain access to continued education activities. Local chapters like the Texas MBA keep members in the loop on the latest industry publications and instructional courses. The group also holds an annual seminar and convention as well as educational workshops throughout the year.
4. LinkedIn Networks
LinkedIn is a prime place to network with those in the mortgage lending industry. There are dozens of valuable networking and educational opportunities on LinkedIn. You’ll find national associations like those listed above, but you can also connect with others in the industry through groups like Mortgage Professionals Network and Mortgage Professionals.
Here is a quick list of the top LinkedIn Mortgage Groups:
- Mortgage Bankers Association (around 59,000 members)
- Mortgage Professionals (around 50,000 members)
- Mortgage Professionals Network (around 38,300 members)
- NAMB Association of Mortgage Professionals (around 19,000 members)
- America’s Mortgage Underwriters Group (around 14,000 members)
- FHA Mortgage Facts & Guidelines (around 13,400 members)
- Mortgage Professionals Worldwide (around 9,300 members)
- Mortgage Loan Office Support Network (around 3,900 members)
You will need to request to join these network groups, but this results in more participation and more targeted conversations. Topics within these groups range from overcoming challenges in difficult market situations to keeping in touch with previous clients.
The Importance of Network Groups
There is an endless amount of knowledge to take in surrounding the mortgage loan industry. Through networking with other professionals in the industry either in person or online, you can gain great new connections and learn from each other. Help each other establish best practices and maybe make a few new friends during the process.