Thinking about looking into a future as a mortgage loan officer? You can have a nice future set up for yourself if you choose to go this way with your career, but you might have some questions about how to get started in this career path, and what education you might need to successfully meet the requirements to land this kind of job.
In order to make sure you are up to speed on everything you need to get started on your path to becoming an NMLS (Nationwide Mortgage Licensing System) approved mortgage loan officer, you can check out some of the common questions posed by people just like you who want to get into this career path, and the answers to these questions.
How do I get NMLS certified?
In order to achieve our NMLS certification, you will first need to sign up for an account and ID number with the NMLS system. You will then need to pass your pre-license educational course, and then a licensing test.
Once you have passed these milestones, you can apply for your official NMLS license, pay for the associated fees, and get all your background checks taken care of.
What education is required for me to be a loan officer?
In order to break into this career path, you are going to need, at the very least, a bachelor’s degree. If your degree is in a field related to business, such as accounting, then this is a bonus. You’ll then need to go through the examinations for your mortgage loan license, which requires background checks, up to 20 hours of bookwork, and even credit checks.
What is the salary of the average mortgage loan officer?
As of the year 2015, the annual salary of your average mortgage loan officer was about $63,430.
Did some of these Q&A’s help you get a better idea of whether or not this is a career choice you would like to try to pursue? If so, you can get your foot in the door by speaking with nmls mortgage ce in Las Vegas, NV professionals and begin the examinations and everything needed to get your license.