Question : Where can I get training to be a loan officer in NYC?
I’m thinking on a career change, preferring to be commercial lender rather than a mortgage-lender if there’s any difference. If possible what are the fees, license, etc..,thanks.
commercial mortgage training

Best answer:

Answer by Concerned
No licensing requirements to become a commercial lender, but a lot more training than a mortgage lender. Major issues in commercial lending are business cash flow, cash flow available to service debt, current ratio, debt/worth, understanding business balance sheets and financial statements, and then understanding your niche (ie, construction, equipment, working capital, asset based lending, etc.). I’d take a look at the web sites for RMA and/or shockproof.biz, that should give you an idea of what you need.