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Updated 2 months ago on . Most recent reply

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Julian Zamora
  • New to Real Estate
2
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19
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How do I become a mortgage broker?

Julian Zamora
  • New to Real Estate
Posted

I just got my real estate license and now I want to become a mortgage broker. I want to be able to find borrowers the best lender in exchange for a 2% commission from the bank.

My question is how do I do this exactly?

What examinations must I take, do I need to be a loan officer for 2 years first?

Anything helps! 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Julian Zamora:

Thank you for the insight. 

I'm located in GA.

Could you at least tell me where to get started? And what requirements would be?

Thank you.


just talk to any mortgage company and tell them you want to come work for them they will tell you what you need.  Its somewhat like a RE license vis a vi a RE broker license
you need to start as an MLO  ( mortgage loan officers)  Before you can became a Mortgage Banker  as stated above you need to show experience.  then you take the state test and the federal test to get your NMLS registration..

Many mortgage shops do NOT allow their loan officers to also be RE agents on the same transaction to much of a conflict of interest.
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JLH Capital Partners

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