Earl Whitlatch

A career as an MLO is a very rewarding and lucrative one with the added satisfaction of helping people buy their dream homes with mortgage loans. However, to get to this point, you must have an MLO license to work in this field. While there are several eligibility norms to be met to get a license, among the most crucial ones is completing the MLO pre-licensing course. Click here to learn more about the MLO pre-licensing course. This post will focus on the MLO pre-licensing course that serves as a springboard to apply for and pass the SAFE licensing exam. The MLO pre-licensing course is not standardized across all the states in the USA so far as the number of study hours is concerned. Primarily, the total course consists of two parts. The first is the national section that has subjects on the mortgage industry in general valid throughout the USA. Lessons include the fundamentals of the mortgage industry, finance, fair ethics, and more. Typically, this section of the MLO pre-licensi...

  Mortgage loan officers are in high demand and the job opportunities are rising steadily, especially in California where the real estate market continues to grow.     California’s booming real estate landscape is an ideal opportunity ground for aspiring mortgage brokers and loan officers who want to help people obtain a mortgage for buying a new home or refinancing an existing one.   As a mortgage broker, you will be employed by financial institutions such as banks, private lenders, credit companies and loan originators who want to assist borrowers.   Your job will be to understand the needs and financing requirements of individuals and assist them in choosing the right mortgage plan.   Did you know that MLOs in California can earn as high as $120K while enjoying a stable work-life balance and numerous job perks. If you are wondering how to get a mortgage broker license in California , the key is to complete mandatory education and fulfill the CA q...

Are you interested in a career as a Mortgage Loan Officer (MLO) in California? If yes, you are on your way to a fulfilling and rewarding career. Not only do you earn handsome amounts but you also have the satisfaction of helping aspiring homeowners fulfill their dream of having a house of their own. While there are many eligibility norms to cross before getting an MLO license to practice in the state, one of the most critical ones is going through an MLO course in California . This post will go into the details of how you should choose the best coursework in the state. Click here to learn more about MLO courses in California. Among the best MLO courses in California is the one offered by RealEstateU. Their courses are designed by top professionals in the field and hence, are of the highest quality. Additionally, the price of their MLO pre-licensing coursework is one of the lowest in this niche. So, how do you go about selecting the best MLO course in California? The first s...

You're thinking about how to become a mortgage broker in Texas , right? Well, the landscape is changing, especially with blockchain technology creeping into the industry. It's not just a buzzword anymore; it's starting to reshape how mortgages are handled, and you need to be aware of it. Imagine a world where loan applications, property records, and even mortgage contracts are stored on a secure, transparent digital ledger. That’s the potential of blockchain. It streamlines processes, reduces paperwork, and minimizes the risk of fraud. Think about how much time and effort could be saved by cutting out the middleman and having instant, verifiable records. Read more about it here with RealestateU.  For you, as a future mortgage broker in Texas, this means adapting. You'll need to understand how blockchain works, and how it's being implemented in the industry. You'll need to learn how to navigate digital ledgers, verify information on the blockchain, and explain th...

  You've likely noticed the growing interest in reverse mortgages, especially in California. It's a specialized area, and if you're looking to stand out as a CA mortgage loan officer license holder, building a niche in this field can be incredibly rewarding. The senior population is expanding, and many homeowners are looking for ways to access their home equity. That's where you come in. RealestateU has deeper insights to it. Read more here .  But it's not as simple as just offering reverse mortgages. These loans are complex and require a unique understanding of both the product and the specific needs of senior borrowers. You need to be more than just a loan originator; you need to be an educator and a trusted advisor.  Specialized training is crucial. You'll need to understand the intricacies of the Home Equity Conversion Mortgage (HECM), which is the most common type of reverse mortgage. 1 You'll need to learn about eligibility requirements, loan terms, ...

  Alright, let's talk about something that's hitting Florida homeowners, and those looking to become homeowners, pretty hard: rising home insurance rates. If you're thinking about becoming a mortgage loan officer (MLO) in the Sunshine State, you absolutely need to understand how this impacts mortgage approvals. See, it’s not just about the loan amount anymore. Insurance costs are skyrocketing, and that directly affects a borrower's debt-to-income ratio (DTI). Lenders look at your DTI to see how much of your monthly income goes towards debt, including housing costs. And guess what? Home insurance is a big part of those housing costs. RealestateU has deeper insights to it. Click here to know more.  Think about it: a borrower might qualify for a certain loan amount based on their income and credit score. But if their insurance premiums are significantly higher than expected, their DTI could push them over the limit. This means they might not qualify for the loan they init...