Earl Whitlatch

  Becoming a loan originator in the mortgage industry is a popular career choice. But getting a mortgage loan originator license requires a particular set of steps designed to make sure that the aspiring agents are ready to help borrowers out through complicated steps in mortgage applications. Candidates are required to complete an Nationwide Multistate Licensing System (NMLS) - approved, 20-hour pre-licensing course.  It includes in-depth coverage of federal mortgage lending laws, ethical issues, mortgage origination activities, and nontraditional mortgage products.  Upon completion of the coursework, individuals interested in becoming loan originators are required to pass the national SAFE Mortgage Loan Originator (MLO) test, which covers the federal regulations and general mortgage knowledge of the industry the latter course provides. Learn more about how to get a mortgage loan originator license with convenient, professional-led training offered by education prov...

  To get a mortgage loan officer (MLO) license in any state in the USA, there are several requirements to fulfill. This is mandated by the Nationwide Mortgage Licensing System (NMLS), the controlling body for the mortgage loan sector in the country. While crossing every eligibility norm on your way to getting an MLO license is required, a key condition to meet is going through the MLO pre-licensing course. Click here to learn more about the MLO pre-licensing course. The number of hours of the pre-licensing coursework is not standardized across the USA. While almost all states stipulate 22 hours of coursework, Texas has 23 hours. The hours can be broken into two components. One is the 20-hour coursework common throughout the USA. It covers the rules and regulations that are standard for all states in the country. The other is the part that deals with the rules and regulations specific to a state only. Here there is a divergence as most states have 2 hours while Texas has 3. T...