If your career goal is to become a mortgage loan officer in Texas and get the satisfaction of helping people buy their dream homes in the state, you must first get a license to start your job. This post will take you through the various aspects of getting a mortgage loan officer license in Texas to launch your profession.
Click here to learn more about obtaining a mortgage loan officer license in Texas.
To be eligible to apply for a license you must be at least 18 years old with a social security number in the USA. Once this stage is crossed, visit the Nationwide Mortgage Licensing System (NMLS) portal to open an account and get an ID that will be valid throughout your work life as an MLO.
A critical factor to getting a mortgage loan officer license in Texas is to go through the pre-licensing coursework divided into 20-hour and 3-hour sections. The first imparts knowledge about the mortgage industry in the USA in general and the second has topics on the mortgage rules and regulations valid in Texas only.
You can choose either an online course or a classroom-based one though online courses are more flexible and convenient. You can download the course materials and study from anywhere and at any time.
Among the leading online course providers to get an MLO license is RealEstateU.
After completing the coursework, schedule a SAFE MLO test on the NMLS portal, appear for the exam on the appointed date, and pass it.
Now, submit your fingerprints for verification of past criminal records. A clean chit only will get you an MLO license.
Finally, apply online on the NMLS portal for a mortgage loan officer license in Texas.