Your first step in how to become a mortgage broker in CA is to apply for a license from the National Mortgage Licensing System (NMLS), the governing body for the mortgage industry in the state. Submit a business plan, answer disclosure questions, and upload other documents proving your eligibility to become a mortgage broker in CA. The license will be issued by the California Department of Real Estate (DRE).

Another requirement of how to become a mortgage broker in CA is to have a minimum of two years sales experience in the real estate sector in the last five years. This proof of employment must be submitted along with the application for a license.

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Here are the steps to get a mortgage broker license in CA.

To become a mortgage broker, you must hold a valid mortgage loan originator license in CA. To get this license you must complete 20 hours of pre-licensing coursework. The course provider should be approved by NMLS. Among the leading online NMLS-approved course providers in the state is RealEstateU.

After you complete the mandatory 20-hour coursework, submit your fingerprints for a background check for any criminal activities or convictions. An adverse report might disqualify you from getting a mortgage broker license in CA.

Schedule a broker licensing exam after paying a processing fee of $95. On the appointed date, appear for the licensing test and pass it. Apply to the DRE for a license after paying $300 as a license fee.

Once these steps are completed you would have completed the process of how to become a mortgage broker in CA.