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How To Become A Loan Officer

how to become a loan officer

So you are interested in the mortgage business and want to learn how to become a loan officer.

First, ask yourself these things:
  • Are you motivated?
  • Are you confident in your ability to learn the mortgage business?

  • Are you able to work effectively with others?

  • Are you comfortable networking and building relationships to further your business?
  • In learning how to become a loan officer, it is imperative that you have confidence in yourself. The mortgage business has it's own vocabulary and a very unique information set that will require you to study hard to ingest this material.

    As you begin your career, you will want to become versed in the various aspects of successful mortgage loan officers and mortgage brokers. The training products here will help you to accomplish those goals.

    Once you have mastered the basics, you may have the opportunity to advance up the career ladder with larger companies, while less knowledgable loan officers may end up with smaller companies and smaller

    support staff.

    Loan Officer Licensing: The SAFE / NMLS Licensing Requirements

    The SAFE Act of 2008 established requirements for the licensing and registration of all Mortgage Loan Originators except those individuals who work for an insured depository or its owned or controlled subsidiary.

    Essentially, Loan Officers need to be licensed by the state, which means you must complete the education requirements, then pass the state and national SAFE / NMLS exams.

    For questions re your state, go to our Mortgage Lender Licensing Chart.

    Once you have earned our license, you can work with a variety of loan specialties such as FHA, VA, Conventional, Direct Underwriting, and more. You can use the Mortgage Training Center to help you find a variety or Loan Officer training classes to help you become a successful Loan Officer in any of these specialty areas.

    To search our Loan Officer training offerings, either select from one of the Recommended Courses below, or search for "Loan Officer" from the "Profession Development" section of the search box below.

    Category: Credit

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