A Comprehensive Review of MLO Pre-Licensing Course

 

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.

The MLO pre-licensing course is very important as it imparts knowledge about the fundamentals and best practices of the mortgage sector and this learning will help you provide optimized and error-free services to your clients in the future.   

Among the best NMLS-approved course providers in almost all states of the USA is RealEstateU.

Before finalizing a course provider, ensure that they are approved by the NMLS, otherwise, your studies will not be counted as having completed eligibility requirements to appear for the licensing exam.

You must also select either an online course or a classroom-based one depending on your learning style. However, online courses provide the flexibility of any time studying from anywhere once you download the MLO pre-licensing course materials onto any Internet-enabled device.        


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