How To Become A Mortgage Broker in Texas

If you want to launch a very lucrative career as a mortgage broker in Texas, your first step would be to get a license to practice in the state.

This post will go into all the details of getting a mortgage broker license in Texas.

Click here to learn more about the steps to obtain a mortgage broker license in Texas.

·        Ensure that you are at least 18 years old and a citizen of the USA.

·        Visit the website of the Nationwide Mortgage Licensing System (NMLS) and create an account. The ID number issued will be valid throughout your entire career.

·        Complete the SAFE (Secure and Fair Enforcement) pre-licensing course. It consists of 20 hours of national-level classes and 3 hours of state-specific coursework that focuses on the mortgage laws of Texas only.

To count towards fulfilling educational norms to appear for the SAFE test, choose a course provider approved by NMLS only. You can choose between online or classroom setting courses though online courses offer greater flexibility in study times. The purpose of the coursework is to impart knowledge to aspiring mortgage loan professionals in the state about mortgage principles and practices, especially in Texas.  

Check out the NMLS-approved online mortgage broker course from RealEstateU, they are the best in this niche.

·        Submit your fingerprints for verification of any past criminal records.

·        Visit the NMLS website, and schedule the SAFE test. Pay a fee of $110. Pass the exam by scoring at least 75%.  

·        After passing the exam, visit the NMLS website and apply for a mortgage broker license in Texas.

·        Find a broker to sponsor you.

You will now be issued an active mortgage broker license in Texas to launch your career.