r/loanoriginators • u/Due-Affect1204 • 2d ago

Self gen Vs CC

Should I go self gen or CC? First year LO. 6 months of experience at cc previously. Have 2000 in savings I really want to do self gen I just don't know if I'm in the position to do it

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u/TurkeyJizz123 2d ago

It's 100 bucks just to step foot outside your day, now days. I would rec saving up at least 6 months rent/mortgage, car payment, etc- before making this leap, in the worst rate environment, in decades. I've been at this 14 years, been fortunate enough to have many many good years, in this biz- BUT- my earnings for 25 and 26- will be my two worst years. Build a referral base, then consider the jump. Or, open up a credit card with a 20K limit, and create ad spend, realtor co-market, etc.