Mortgage Broker Training

Mortgage brokers gain more industry respect with recognized certification.

Mortgage brokering is a highly competitive field, so acquiring the best training gives you a leading edge in the industry. Searching online brings numerous companies that offer training. Enrolling with a reputable organization for certification starts you off on the right foot.

Types

Mortgage brokering is a highly regulated industry so agents must be in compliance with the local, state and federal laws. Courses offered by loan officer schools prepare you for the licensure in your state. You can enroll in basic to advanced mortgage broker studies, licensure programs specific to your state, marketing and management programs and studies related to specific real estate markets.

Industry Resources

The National Association of Mortgage Brokers (NAMB) is the only national U.S. trade association for the industry. It offers three levels of certification for residential mortgage brokers: associate, specialist and consultant. The Nationwide Mortgage Licensing System (NMLS) provides a listing of state licensing requirements and fees.

Considerations

No mortgage broker training school can guarantee that you will pass the certification exam. It will prepare you to the best of your ability to pass the exam. Basic courses are around 20 hours in length and fees vary depending on the schools. Home study courses are available.

References

• NAMB: National Association of Mortgage Brokers
• Loan Officer School: Loan Officer Training -- Mortgage Broker Training
• NMLS: State Licensing Requirements