Your First Year in Mortgages – From Licensing to Mastery
In the dynamic world of mortgage lending, the journey to becoming a successful Mortgage Loan Originator (MLO) starts with a solid foundation. “Your First Year in Mortgages – From Licensing to Mastery” is designed for those embarking on their first year in the mortgage industry, focusing on both the essentials of obtaining a license and the skills necessary for long-term success. Our comprehensive program begins with guiding new MLOs through the licensing process by assisting …
Overview
In the dynamic world of mortgage lending, the journey to becoming a successful Mortgage Loan Originator (MLO) starts with a solid foundation. “Your First Year in Mortgages – From Licensing to Mastery” is designed for those embarking on their first year in the mortgage industry, focusing on both the essentials of obtaining a license and the skills necessary for long-term success.
Our comprehensive program begins with guiding new MLOs through the licensing process by assisting new entrants with registering with the Nationwide Multistate Licensing System (NMLS) to obtain, their Unique Identifier Number. From there we begin the required 20-hours of education, ensuring a thorough understanding of the mandatory requirements and regulations. This initial phase is crucial, laying the groundwork for what lies ahead.
Beyond licensing, the course delves into the core aspects of being an effective MLO. Participants will learn how to use their mortgage knowledge base to build and maintain robust relationships with real estate agents, a critical component for success in this industry. The course emphasizes not just theoretical knowledge but also practical skills, from asking the understanding credit reports, calculating income, structuring loans, pricing, loan products and many more skills originators use every day.
As new MLOs navigate their new career, “Your First Year in Mortgages – From Licensing to Mastery” offers the tools, knowledge, and confidence needed to thrive. It’s a journey from the basics of licensing to mastering the complexities of the mortgage business, setting a strong foundation for a rewarding career in mortgage lending.
Curriculum
- 5 Sections
- 0 Lessons
- 52 Weeks
- NMLS 20-hour Pre-Licensing CourseThe course meets the NMLS education requirements to apply for a mortgage loan originator state-license.0
- Mortgage Test BoosterThis review session includes additional practice tests and a one-on-one session with the instructor to identify test areas of concern.0
- Origination Best PracticesThis robust program offers the competencies needed for successful post-licensing origination; consisting of 17 modules, case studies, quizzes and a final exam.0
- Molecular MarketingTeaches MLOs how to acquire referral business from financial and legal professionals, including how to identify referral sources and what to say to gain their trust.0
- Anti-Money LaunderingYour first year of annual Bank Secrecy Act requirement for AML training.0
Instructor
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Course Features
- Lecture 0
- Quiz 0
- Duration 52 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes