Mortgage Loan Officer Training Courses and Resources Online

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If you're a mortgage loan officer or looking to become one, you know how crucial ongoing training is to stay ahead in the industry. There are numerous online courses and resources available to help you improve your skills and knowledge.

The National Mortgage Professional Association (NMPA) offers a comprehensive online training program that covers topics such as loan origination, underwriting, and compliance. This program is designed to provide loan officers with the skills and knowledge needed to succeed in today's mortgage industry.

With so many online courses and resources available, it can be overwhelming to choose the right one. However, some popular options include the Mortgage Bankers Association (MBA) Mortgage Professional Certification and the National Association of Mortgage Brokers (NAMB) Certified Mortgage Professional (CMP) designation.

Compliance and Licensing

To get your mortgage loan officer license, you'll need to create an NMLS account to get an account ID.

This account ID is required to take your 20 hours of Pre-Licensure education, which fulfills all Pre-Licensure requirements.

Once you've completed your 20 hours of education, you'll be ready to take the SAFE MLO Test, the next step towards getting your license.

S.A.F.E. Act Loan Exam

Credit: youtube.com, Passing the NMLS Exam - THE SAFE ACT REGULATION - POP QUIZ

The S.A.F.E. Act Loan Exam is a crucial step in becoming a mortgage loan originator. It assesses your knowledge of federal and state regulations.

To pass the exam, you'll need to demonstrate a solid understanding of the Secure and Fair Enforcement for Mortgage Licensing (S.A.F.E.) Act. This law requires mortgage loan originators to be licensed and registered with the National Mortgage Licensing System (NMLS).

The exam consists of 50 multiple-choice questions, covering topics such as loan origination, credit reporting, and federal and state regulations. You'll need to answer at least 45 questions correctly to pass.

Some common topics on the exam include the requirements for loan originator licenses, the duties of loan originators, and the consequences of failing to comply with federal and state regulations.

20-Hour SAFE Comprehensive: Minnesota Loan Originator License

To get your Minnesota Mortgage Loan Originator license, you'll need to start by creating an NMLS account to get an account ID. This is the first step towards licensure.

Credit: youtube.com, 20 Hour Mortgage Pre-Licensing Webinar

Once you've created your NMLS account, you'll be ready to take your 20 hours of Pre-Licensure education, which will prepare you for the SAFE MLO Test. This education is comprehensive and fulfills all Pre-Licensure requirements.

After completing your 20 hours of Pre-Licensure education, you'll be one step closer to getting your license.

Online Courses and Resources

Over 50,000 students choose our education resource each month, which is a testament to the effectiveness of our mortgage courses.

Our courses are powered by the custom LEAP 2.0 platform, which engages learners from start to finish and helps them effectively learn and retain vital information.

Whether you're a seasoned mortgage loan originator or just starting your mortgage career, our courses are proven to help you excel in your career.

Online Course

The Ohio Mortgage Loan Officer Pre-Licensure Education and Exam Prep online course is a self-paced and self-study option that includes 24 hours of MLO education and exam prep for both national and state requirements.

Realtor suggesting mortgage for buying apartment
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This course is designed to be completed in 13 days, and it's a great option for those who prefer to learn at their own pace.

The course includes 3 1/2 hours of coaching, which will be scheduled directly with a local Mortgage Loan Officer before course access is obtained.

Here's a breakdown of the course components:

  • Part 1: Overview/Introduction to Becoming a Mortgage Loan Officer With Coach (30 minutes – one hour)
  • Part 2: Access and Completion of MLO Exam Prep Online Course (13-day time frame)

The course coaching includes a 30-minute to one-hour MLO overview/introduction and 2 1/2 hours of course coaching.

State-Specific PE Courses

If you're looking for online courses to meet your state's specific PE requirements, we can help.

Some states have additional hours beyond the 20-Hour National requirement, which we can assist with.

We can help you complete any additional hours required by your state.

Course Demo

If you're looking to learn about mortgages, there's a great resource available. Our mortgage courses are designed to help you learn what you need to know to excel in your career.

Over 50,000 students choose us as their go-to education resource each month. This is a testament to the effectiveness of our custom LEAP 2.0 platform, which engages you from start to finish and helps you retain vital information.

Credit: youtube.com, Hondros Learning Online Course Demo

Our courses are perfect for both beginners and seasoned mortgage loan originators. Whether you're just starting out or looking to improve your skills, we've got you covered.

Here are the upcoming course dates for the School of Loan Origination:

Residential Lending Principles and Practices

If you're looking to learn about residential mortgage lending, there's a comprehensive eTextbook that covers everything you need to know.

This eTextbook, "Residential Mortgage Lending Principles and Practices, 7E", includes study tools like shareable notes, flashcards, and study guides.

It's an in-depth look at the mortgage industry that can help supplement your learning.

The eTextbook is included with the purchase of the premium Pre-Licensure package.

Webinars for Loan Officers

If you're a loan officer looking to stay up to date with the latest trends in the mortgage industry, there are webinars available to help.

These webinars cover a range of topics, including how to better assist your borrowers. For example, Mike Olden of American Reporting Company offers insights to help you succeed.

Credit: youtube.com, Training Video Playlist for NEW LOAN OFFICERS

You can also learn from social media video expert and coach Kyle Draper, who shares his expertise in a webinar.

Additionally, webinars featuring Deborah Byrd, Denise Donoghue, and Ryan Hills are available to watch.

Here are some webinars to consider:

  • Mike Olden of American Reporting Company: Watch now
  • Kyle Draper: Watch now
  • Deborah Byrd, Denise Donoghue, and Ryan Hills: Watch now
  • Sean Moss of Down Payment Resource: Watch now

Professional Development

As a mortgage loan officer, staying up-to-date on industry developments and best practices is crucial for success. This requires ongoing professional development, which can be achieved through various means such as attending conferences and seminars.

Mortgage loan officers can benefit from courses that focus on credit analysis, loan processing, and underwriting to improve their skills and knowledge. For example, the article highlights that credit analysis is a critical component of the mortgage lending process, and understanding credit scoring models can help loan officers make informed decisions.

To stay competitive, mortgage loan officers should also prioritize networking and building relationships with other professionals in the industry. This can be done by joining industry associations and participating in online forums.

Essential Sales Tips for Loan Officers

Credit: youtube.com, Mortgage Loan Officer Sales Skills 101 | Mortgage Coach

As a loan officer, you need to know how to find new clients. The Loan Officer Sales Playbook covers 7 essential topics to help you get started or brush up your skills.

To find new clients, you need to know how to close deals. The Loan Officer Sales Playbook will help you with that.

Finding new clients is crucial to your success as a loan officer. You can get the Loan Officer Sales Playbook to learn more about it.

Closing deals is a key part of being a loan originator. In addition to technical knowledge, you need to know how to close deals to earn referrals.

To earn referrals, you need to know how to find new clients and close deals. The Loan Officer Sales Playbook covers these topics.

Getting the Loan Officer Sales Playbook will help you learn more about finding new clients and closing deals.

Conversations with Experts

Professional development is essential for loan officers to stay ahead in the mortgage industry. Staying up to date with the latest trends and insights is crucial to better assist borrowers.

Credit: youtube.com, Citi: Ask an Expert - Professional Development

Mortgage webinars can be a great way to do just that. These webinars cover a variety of timely topics, such as social media marketing and referral tips. For example, social media video expert and coach Kyle Draper shares his insights on how to leverage social media to grow your business.

Conversations with mortgage industry experts can also provide valuable insights and advice. For instance, Gen Z guru Ally Carty shares her research on Gen Z's attitudes toward homeownership and the mortgage process. This can help loan officers better understand their target audience and tailor their services accordingly.

Here are some expert insights to check out:

  • Ally Carty's insights on Gen Z's attitudes toward homeownership and the mortgage process
  • Ron Vaimberg's referral tips for loan officers, including the right questions to ask and how to play to your own strengths
  • Mandy Phillips' tips on how to make the most of TikTok to connect with consumers and generate leads

By taking advantage of these expert insights and webinars, loan officers can stay ahead in the mortgage industry and better assist their borrowers.

Learning Opportunities

Staying ahead in the mortgage industry requires a commitment to learning. Successful loan officers know that the key to growth is continuous development.

Credit: youtube.com, How to Become a Mortgage Loan Officer in 2024! (Step by Step)

Continuous development is crucial for growth in the mortgage industry. Check out our collection of top-notch mortgage industry training resources.

Live and recorded webinars are great opportunities to learn from industry experts. Classroom training opportunities provide a chance to interact with instructors and peers.

Mortgage-focused training videos and podcasts offer flexible learning options that can fit into a busy schedule. From the comfort of your own home or office, you can learn at your own pace.

Frequently Asked Questions

How long does it take to become a loan officer in GA?

To become a loan officer in GA, you'll need to complete the standard 20-hour licensing course, which is a relatively short process. After completing the course, you can start applying for your loan officer license.

How hard is it to become a mortgage loan officer?

Becoming a mortgage loan officer requires meeting specific state and national requirements, including education and licensing exams. While the process can be challenging, it's achievable with dedication and the right preparation.

How to get a MLO license in North Carolina?

To become a Mortgage Loan Originator (MLO) in North Carolina, you must complete a series of requirements, including a background check, credit report authorization, education, and passing a national test. Start your journey by reviewing the state's specific licensing requirements and taking the necessary steps to qualify.

How to become a loan officer in Wisconsin?

To become a loan officer in Wisconsin, you'll need to complete NMLS-approved pre-licensing education, pass the SAFE Mortgage Loan Officer Test, and obtain state and FBI background checks, among other requirements. Start by requesting an NMLS account and following the subsequent steps to secure your license.

Teresa Halvorson

Senior Writer

Teresa Halvorson is a skilled writer with a passion for financial journalism. Her expertise lies in breaking down complex topics into engaging, easy-to-understand content. With a keen eye for detail, Teresa has successfully covered a range of article categories, including currency exchange rates and foreign exchange rates.

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