Last Update: January 25, Step 1. Step 2. You must complete hours of education either online or in person: To view your state specific packages and hours breakdown, visit learnmortgage. Step 3. Complete background checks. Step 5. Apply for your license. Home Inspection. Quick Links. Texas Continuing Education CE.
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Appraiser Education. My Cart. Close Menu Choose a Campus to Call. NMLS Provider Some of you might be asking — what is the difference between a mortgage loan originator MLO and a mortgage loan officer? The answer, both are actually the same, but the official title is Mortgage Loan Originator. Most people in the industry, however, just refer to themselves as loan officers. Loan officers play a key role in society, which is why the mortgage loan industry is one of the most popular among job seekers today.
No matter what part of the U. Consumers are always looking to purchase new homes or refinance existing ones, and when this happens, mortgage loan officers are needed in the process. The job description for a mortgage loan officer will vary depending on what type of position one is applying for. For example, there are two types of loan officers: residential loan officers and commercial loan officers. Both perform the same types of duties but on different types of properties.
A residential loan officer will assist a borrower with purchasing or refinancing a home while a commercial loan officer will assist a borrower in purchasing commercial real estate office buildings, malls, etc.
Most loan officers are employed by financial institutions — for example, banks, mortgage companies and credit unions. Below you will find the profession requirements needed to become a state-licensed mortgage loan officer; please use the links for additional information on the subject matter:. If you are considering a career as a licensed loan officer, then you probably already have your own reasons. However, we are going to give you a few more reasons as to why this would make a great career move:.
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