Earl Whitlatch

A mortgage loan originator’s job is a very rewarding and satisfying career. You get to help people realize their goals of getting a mortgage loan and owning their dream homes. On the other hand, with hard work, earning a six figure income is a distinct possibility. The one condition that you must fulfill is to first get a  mortgage loan originator license. This post will take you through the various aspects of getting a license and how you should go about it. Click here   to learn more about how to get a  mortgage loan originator license. # The first step is to ensure that you are at least 18 years old and a US citizen. A high school pass or equivalent is also required. # Open an account on the NMLS (National Mortgage Licensing System) portal and create an account. The ID generated will be valid throughout your career as a mortgage loan originator. # Go through 22 hours of a pre-licensing course. This is essential to get a  mortgage loan originator license.   Ma...

Three types of broker licenses are issued in California. The finance broker and residential mortgage lender licenses are issued by DBO (California Department of Business Oversight) while the real estate broker license is issued by the Bureau of Real Estate. The focus of this post is the third type which is, the  mortgage loan broker license in California. Read more   about how to get a  mortgage loan broker license in California. Getting a  mortgage loan broker license in California   involves several steps. The basic eligibility norm is that you must have two years of experience in the last five years working in the real estate profession. The license is issued by the California Department of Real Estate (DRE), and when you apply for one, proof of the experience must be attached to the application.    The most important part of getting a  mortgage broker license in California   is going through the pre-licensing coursework. It consists of a ...

  Passing the mortgage licensing exam for you will be a crucial step in your journey to becoming a mortgage loan originator. While completing a mortgage licensing course provides you with the necessary foundation, effective exam preparation is key to achieving success.    Read more . Understanding the Exam Format Familiarize yourself with the structure of the exam, including the number of questions, the time allotted, and the types of questions (multiple choice, true/false, etc.). This knowledge will help you allocate your time efficiently during the exam. Create a Study Schedule Develop a realistic study plan that outlines specific topics and allocates time for each. Break down the material into manageable chunks to avoid feeling overwhelmed. Consistency is key, so try to stick to your schedule as closely as possible. Utilize Course Materials Take full advantage of the study materials provided by your mortgage licensing course. Review textbooks, handouts, and online reso...