NLIC.org

Alberto Said:

If you had to choose which one Mortgage Industry or Insurance?

We Answered:

I do both, and I recommend you do the same. As a Financial Planner, I work in all financial areas for my clients. The more tasks that you can complete in-house, the better you can serve your clients, and the higher will be your retention rate.

On a personal note, you don't leave as much money on the table if you can do everything. If you had to choose, I'd stick with mortgages for now.

Good luck!

Carlos Said:

How much does a homeowner's insurance broker make?

We Answered:

In many states, having dual licenses like this is illegal, as it's a conflict of interest.

Commissions range from 15% to 20% - but you'd probably have to split it with the agent you work for. You're not likely to get a contract with a carrier directly, as it's not your primary business.

Fernando Said:

Can i sue the mortgage broker who changed our policy insurance ? Without telling us?

We Answered:

you're responsible to read what you sign.

Kimberly Said:

Mortgage Broker or Insurance Agent or BOTH?

We Answered:

to chew on; for the mortgage broker's license, in some states, a MB has to be "pre trained" as
a loan officer by a mortgage office. Check with your corporate commissioner on that.

otherwise, at a minimum you will need to take a state test for residential brokering of loans.

U will need to be bondable.

for any further help, email me

Ian Said:

Mortgage broker highly recommended a specific person for lowest homeowner insurance. Why?

We Answered:

There are probably two different things happening. Either the broker is getting a kickback (finders fee) for the policy being placed, or the woman is a personal friend of hers, or a relative, and she's trying to steer business her way.

Yes, any State Farm agent will give you the same price for the same coverage. Rates are filed with the state insurance department - agents can't add to them, or subtract from them.

Helen Said:

how does american consumer, mortgage broker, banks and insurance companies have to do with economic crisis?

We Answered:

Simply put, some banks and mortgage brokers lured some house buyers who don't have enough money to make a down payment nor the ability to pay the monthly mortgage into buying a house. The mortgages are sold within the financial markets and insurance companies either insure or invest in them. When the housing market crash, home owners who're not able to pay the mortgage owe more money to the banks than the house is worth and the sold mortgages lost a lot of value. Insurance companies in turn incur a huge loss.