Mortgage Loan Officer License Texas

A Guide To Getting A Mortgage Loan Officer License In Texas The mortgage loan office profession is a very satisfying and rewarding one. You not only help people to fulfill their aspirations of owning a home by processing their mortgage loan applications but also can earn six-figure incomes. In Texas where there is a booming real estate market, the role of a mortgage loan officer is very crucial. However, to work in this field, it is mandatory that you have a mortgage loan officer license in Texas.

• Click here to learn more about how to get a mortgage loan officer license in Texas. • Let us now go through the steps of obtaining an MLO license in Texas. • There are some basic requirements to fulfill before you go onto the main process to get an MLO license in Texas. Ensure that you are at least 18 years old and a citizen of the USA. Migrants can also apply for a license provided they have been granted working rights in the country. You must also have a high school diploma to start with. • Additionally, visit the National Mortgage Licensing System (NMLS) portal to create an account and get an ID number. • Next, and this is very important, to get a mortgage loan officer license in Texas, you must go through 23 hours of pre-licensing education from a course provider approved by the NMLS. This body controls the mortgage sector in the USA and is responsible for deciding the pre-licensing course curriculum and issuing mortgage licenses. • The mortgage license course is split into 20 hours of topics that deal with the mortgage industry rules relevant in the whole of the USA and 3 hours of coursework that is specific to the laws in force in Texas. You get knowledge of the best practices and principles in the mortgage field so that you can provide excellent services to your clients in the future. • The pre-licensing course to get a mortgage loan officer license in Texas can be completed either online or in a classroom setting. However, online courses are preferable as they are flexible and can be studied at any time and from anywhere simply by downloading them on any Internetenabled device.

• Among the top course providers for an MLO license in Texas is RealEstateU. Not only are their study materials of the highest quality but also the most affordable in this niche. • After going through the 23-hour coursework, submit your fingerprints for verification of any past criminal records or convictions. • Visit the NMLS portal to schedule the Safe and Fair Enforcement (SAFE) licensing exam. On the given date, appear for the exam and pass it. You must get at least 75% to crack the exam. • Now, find a lender or a mortgage broker to employ you in their company. This also is mandated by the NMLS to issue a mortgage loan officer license in Texas.

• Finally, apply online on NMLS website for a license, uploading all the necessary documents.