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How do I get a mortgage broker license |
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Note: The content below about broker to broker is under review and still being developed.
How do I get a mortgage broker license Become A Mortgage Broker
All Mortgage Brokers must be an associate of a Mortgage Broker licensing Business that is also licensed by the State when making the switch from broker to banker. However, Mortgage Broker licensing may only be an associate of one Mortgage Brokerage. The increase in Licensed Mortgage Brokers indicates tremendous recent growth in the mortgage industry. In June, 2002 there were 30,283 active Mortgage Brokers, and in May, 2004 there were 45,006. This reflects a 50% increase in just two years. So, how do I get a mortgage broker license?
This can effect anyone who solicits mortgage loans on behalf of someone borrowing, who accepts an application for a mortgage loan, or who negotiates the terms and conditions of a mortgage loan for a lender of the money. The current regulations regarding Mortgage Brokers became effective in July 1992. Once licensed, the Mortgage Broker may work with both 1st mortgages and 2nd mortgages.
Contact the MBS Group today to get your mortgage broker license.
Do you have a question, comment, or suggestion for MBS about getting a mortgage broker license or anything else? Please input your name, e-mail address, contact number, and any comments. A specialist from Mortgage Banking Solutions will contact you within 12-72 hours. All fields are optional.
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