What are the license requirements for loan officers ?
• Prior to applying, complete 24 hours of prelicense education in a course or program of study approved by the division • Pass a knowledge exam • Submit to a criminal background check • Be an employee and only work for one mortgage broker at any one time Do I need a college degree to become a mortgage broker? No. For a mere fraction of the cost of an associate’s or bachelor’s degree, you could be earning a six-figure income as a mortgage pro! For more details on state licensing requirements, click here. What kind of financial investment does it take to start a career in mortgage lending? Next to nothing. For under $1,000, you can be trained, tested, licensed and ready to cash in on this lucrative career. Should I get any additional books on the subject? Sure, reading as much as you can about succeeding as a new mortgage broker is a wise strategy. ProSchools offers an array of books in our online bookstore. What are the license renewal and continuing education requirements? Loan officer
