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Step 1
Get a bachelor's degree in business or finance. Most companies prefer candidates that have earned their bachelor's degree. However, those with several years of financial institution experience can also be promoted to a mortgage broker. For a listing of colleges across the nation, check out the College Directory Network (see Resources).
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Step 2
Contact your state about accreditation requirements. Most states don't require mortgage brokers to be accredited. To find out if your state has this requirement, visit your state's home page and click on the State Department of Savings and Mortgage Lending. Often times, you must have a couple years of work experience and pass a state exam.
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Step 3
Find a position with on the job training. If you're fresh out of college, choose a bank or credit union that has extensive in-house mortgage broker training. These programs usually last a few weeks, and provide mortgage brokers with product information, lending guidelines, and state regulations. Larger financial institutions like Bank of America and US Bank or more likely to have formal training programs.
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Step 4
Apply for your Certified Mortgage Banker Designation. This designation is offered by the Mortgage Bankers Association (see Resources). Once you have three years of experience, you can apply to take the exam that will earn you this designation. Request a study guide to focus your preparation efforts.
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Step 5
Refresh your resume to appeal to hiring managers. Make sure to list experience such as attending community events like first-time home buying fairs, communications skills and coursework completed in finance. Also list your Certified Mortgage Banker Designation if you have already earned this achievement. For sample resumes, check out Job Bank USA (see Resources).
