NewDay USA
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Former Employee - Loan Officer in Columbia, MD
Former Employee - Loan Officer in Columbia, MD

I worked at New Day Financial full-time (less than an year)


Base salary of 30,000 is a plus however they want you to work constantly they say hours are till 9 but if you don't stay till 10:00 etc your job is at risk. They do a great job training and getting licenses if at the least you want to get paid while your studying and taking 1 national test and 15 state tests on their bill and then you can go anywhere and make more at a commision only lender.


Most people start in the VA150 in interview they show you how much money you can make once you get to the next level (core) but in VA150 you only get paid 500 per loan and there is a lot of work involved in each loan and after taxes 500 for a loan of 200,000 isn't that they say after a few months you can move into the core where you can make the big bucks but there is no gaurantee and they scrutinize and grade your calls. If you dont mind spending all your time in office and waiting 4 to 5 months to make good money then you might want to check it out, but like I said you always have to be worried they will let you go if you don't perform, they spend a lot of money on training and that doesn't stop them from cutting the cord.......

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