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What is the entry-level education requirement for loan originators?

April 26, 2017Education entry-level loan requirement

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What is the entry-level education requirement for loan originators?

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Loan originators are required to take a 20-hour entry-level course that has been approved by the Mortgage Lending Education Board and to pass the state mortgage lending examination before taking any loan applications. A person may take these courses and the test before being hired by a mortgage banker or mortgage broker.