Commercial Loan Broker Training Programs: The Good, The Bad, and The Ugly

The commercial loan broker career boasts excellent income potential as well as the ability to make your own hours and work from anywhere. Now that you’ve decided to make the career switch to commercial loan broker, you will need to get training that will give you the skills and knowledge for success. When you start your search for commercial loan broker training you may feel overwhelmed at the volume of options you find. Online, on-location, financing options, price variations… it can become too much for anyone. It’s hard enough to make a career change, the education shouldn’t be a chore to find. As you search for a good education, you will come across a number of things that I wish someone had told me. So, in order to save you the frustration, here is the “Good, the Bad, and the Ugly” of commercial loan broker training programs.

Some Offer More Than Others

Commercial loan broker education can vary as much as the loans that you will be funding. The key to choosing the best commercial loan broker training is knowing what should be included. Remember, the more, the better when it comes to your education. So make sure that your course is going to spend sufficient amount of time on each key topic.

Look for classes that offer in-depth marketing training: Not just marketing for commercial loan brokers, but marketing for business in general. These comparisons are hard to visualize without touching on both during training.

Make sure they will be there for you throughout your journey: Your commercial loan broker training should provide you with some amount of support during, and after your training. This includes mentoring and ongoing education as well as seminars and lender meet and greets.

Your training program should help you get started as a business owner: Your tuition should include everything you need for success as a business loan broker. Make sure that your education includes some personalized marketing materials, forms, scripts, and other essentials. Visit to see what a comprehensive training package looks like.

Watch Out for Commercial Loan Broker Training Program Scammers!

As they do so often, scammers have found ways to make money off of unsuspecting loan broker students. Make sure that the courses that you are considering are legitimate and can prove their experience. Read reviews from past students and check the BBB for complaints. If the course looks too good to be true, or if they are guaranteeing success, you can probably bet that they are just in it for the money. Finding honest loan broker training isn’t difficult, you just need to know the signs and approach each option with awareness.

Your commercial loan broker training program should be lead by experienced educators with real-world knowledge of the loan broker field. Ask about your trainer’s education and experience, get a resume and do your research. Check the course itinerary and ask questions. The more information you can get about your options, the more informed your decision will be. Start with visiting Commercial Loan Broker Institute and ask about their courses, financing options, and included materials. You may be surprised at the extent of the training that you can receive from the comfort of your home.

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