How Do You Become A Mortgage Banker?
Mortgage bankers help people apply for mortgages to buy homes or commercial properties.They may work with businesses or people. Some mortgage bankers recruit clients. Others help people decide what type of mortgage to get, and help them fill out loan applications. Some evaluate applications to decide if a prospective borrower is a good lending risk. This can involve checking credit scores and verifying employment. No matter what the specific role of the particular mortgage banker is, some common skills and traits are required to become a mortgage banker. Become a Mortgage Banker Step 1 Get the required education. Most banks will only hire mortgage bankers who have a bachelor’s degree in accounting, finance, economics or a related field. The math skills learned in these educational programs are essential to becoming a mortgage banker. In some cases, employers prefer to hire candidates with an MBA (master’s in business administration). Step 2 Become licensed if necessary. Some states req
