In order to begin a career as a mortgage loan broker, you need to obtain a mortgage broker license after taking a prerequisite 24 hours of pre-licensing training courses. There are a number of training centers and online companies that can prepare you for your state's exam.
To excel, you should continue your education with other training that will supplement your initial basic classes with more in-depth coverage of the issues, such as how to calculate rates and keep up with the governmental regulations that affect mortgage lenders. Get additional certifications, such as the Certified Mortgage Specialist (CMS) for loan originators and processors, to put you in a position for a better job or prepare you to move out on your own as well. Look for training for mortgage brokers in a variety of places.
1. Look for online commercial mortgage broker training to obtain your license.
2. Get home loan brokers advancement through certifications.
3. Join US mortgage brokers trade groups that provide members with professional development.
Try web-based mortgage broker training to prepare for the licensing examAlthough you can find a number of local training centers through your community college or mortgage companies that can get you the pre-licensing training you need, consider looking at online providers so that you can take the courses at your own speed. While you are pursuing your license, add basic level mortgage broker training that can supply you with additional tools to help you in your career.
Find continued home mortgage lenders trainingRead up on industry trends to find out what kinds of credentials and certifications are necessary for the advancement you're seeking. You must find continuing education classes as you work in the field, so look for training to get a CMS certification, find training as an appraiser or take financing courses such as those in Veterans Administration funds.
Participate in business groups that provide members with training and mortgage broker informationMost trade associations offer continuing education and professional development courses for their members. In addition to updated regulatory mortgage broker information, use your membership to take advantage of the continuing education courses, seminars and conferences the group offers. Get into programs for advanced designations such as the Master of Mortgage Lending (MML) or Certified Mortgage Instructor (CMI).
- Salesmanship is an important skill needed by mortgage lending brokers, so add some sales classes and continue developing your skills with customer service training.