How Do I Become A Loan Officer In California
The function of a loan officer is primarily to process the financial documents gathered from a potential home buyer looking for a mortgage loan and submit them to a lender for sanction. It is a very satisfying and highly paid profession. California with its booming real estate sector is the ideal place for a loan officer to work in. Hence it is natural for you to ask how do I become a loan officer in California.
This post will take you through the steps
of becoming one.
Click here for
the answer to your question how do I become a loan officer in California.
First, ensure that you are at least 18
years old and a citizen of the USA. Next, visit the website of the National
Mortgage Licensing System (NMLS) and create an account. The ID given will be
valid throughout your career as a loan officer.
Now, go through the two-part pre-licensing
coursework that comprises a 20-hour national section and a 2-hour
state-specific one. Before selecting a provider, ensure that the course is
approved by the NMLS. One of the top online pre-licensing course schools in
California is RealEstateU.
Submit your fingerprints for verification
of any past criminal records. Once these steps are completed, schedule a Secure
and Fair Enforcement (SAFE) test on the portal of NMLS. Appear for the exam and
score at least 75% to pass it.
After passing the SAFE test, pay $255 and
apply for a license on the NMLS website.
The final step is to find a broker to
sponsor you after which an active license will be issued.
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