Everything you need to jump start your career and earn your Loan Officer License!
Known in the housing and finance industry as mortgage loan originators or MLOs, mortgage loan officers are professionals tasked with helping buyers find houses and finance plans that are perfect for them. Typically, mortgage loan officers work as the primary
The mortgage loan process can be scary and overwhelming, especially if you’re a first-time home buyer. You probably realize you have to submit a lot of paperwork and that the lender will be digging deep into your finances, but what
Getting approved for a mortgage the traditional way can be difficult. If your credit score isn’t great or you haven’t saved up enough of a down payment what can you do if the perfect opportunity presents itself? Most people think
Obtaining an NMLS number is no simple feat. There’s a lot of time, money, and paperwork involved but there’s still more to do after you pass the test and are a part of the system. Some of the things that
If you’re thinking about becoming a mortgage loan originator or mortgage loan officer, one of your top concerns is how much you’ll get paid. Fear not, because we’ve got the answer for you. But first, a little background: What is
Loan Officer Job Many believe you must have a bachelor’s degree in finance, accounting or economics to become a loan officer but this isn’t the case. Sure it looks good to have these designations and it might give you a
Loan and mortgage loan officer assistants play an integral part in the loan process. They’re not only involved in a lot of the behind-the-scenes work like double checking applications and preparing estimates for the lender. They also directly help customers
With the passing of the Secure and Fair Enforcement of Mortgage Licensing (SAFE) Act in 2008, consumers were given a platform on which they could learn more about their mortgage lender. This helped boost consumer confidence and also regulated who
If you have a mortgage loan originator (MLO) license, you probably already know that you need to renew it every calendar year. To make the process a little easier, NMLS has put the entire application process online. Before you renew,
Now that you got your NMLS license, there’s still some work to do to maintain it and become an established mortgage loan originator or mortgage broker. Did you know that you have to renew your license every year? It’s true!
