MLO Licensing to Mastery – Your 1st Year
The definition of insanity: doing the same things over and over and expecting different results. Welcome to the mortgage business!
Mortgage company owners and recruiters often entice new Mortgage Loan Originators (MLOs) into the industry with the allure of minimal entry requirements. However, this approach frequently leads to a puzzling outcome: these new entrants struggle to succeed.
The critical question arises: where is the emphasis on truly understanding the mortgage business? Beyond the basics of pulling credit reports and running Automated Underwriting Systems (AUS), what substantial training are these new MLOs receiving to navigate the complexities of the industry? This lack of comprehensive training underlines a need for a more thorough educational approach to foster long-term success in the mortgage field.
If you are seeking a new career as a Mortgage Loan Originator (MLO), our new program is specifically designed to guide you from pre-licensing (PE) education to the start of a successful career in residential lending. Tailored for newcomers to the mortgage industry, this program offers individual courses or the complete package:
- Mandatory NMLS 20-Hour Education: Our program begins with the required 20 hours of NMLS-approved education. This foundation covers federal and state-specific laws, mortgage origination basics, ethics, and more. The curriculum is designed to be engaging and informative, setting you up for success on the national test.
- Test Prep Assistance: Preparing for the NMLS test can be daunting. That’s why our program includes additional practice tests and one-on-one consultation with the instructor. Our expert instructor is equipped with an extensive understanding of the mortgage business, provides you with study strategies, and tips to boost your confidence and readiness for the exam.
- Robust Originator Training: Once you’ve completed the 20-hour course and passed the national test, our program continues with an in-depth course on how to be an effective MLO. This training goes beyond basics, delving into everyday practices essential for success. Learn about creating solid real estate relationships by knowledge in loan products, credit report analysis, pre-approvals, loan structure and more. Plus, practical tips from a 30-year seasoned veteran mortgage loan originator. Your referral sources will love you!
- Create a Powerful Referral Network from Business Partners: Take the focus off only real estate partners and learn the communications and skills needed to capture referral business from other business professionals including: CPAs, Financial Planners, Divorce Attorneys, Estate Plan Attorneys, and others.
- Anti-Money Laundering Training: your first year introduction to meet your BSA/AML requirements for training.
This all-encompassing program is your launchpad into the mortgage industry. With a blend of mandatory education, test preparation, and practical job training, you’ll be well-equipped to start your journey as a successful Mortgage Loan Originator. Embrace the opportunity to turn your ambition into a rewarding career in the mortgage industry!
For more information go to: Your First Year…Licensing to Mastery. Or contact Deb Killian at deb@cloes.online. (866) 256-3766.
#mlolicense #nmls #statelicense #mortgage #mortgageeducation #mortgagetraining #newmlo #newloanoriginator #mortgagebroker #recruiters #branchmanagers #testprep
