Currently it is up to each state to determine if a mortgage lender is required to be licensed. A mortgage lender must work under a bank, mortgage bank or mortgage broker. In states that do not require licensing, it is possible for inexperienced individuals to be hired by the bank, mortgage bank or mortgage broker, and obtain on-the-job training. In states that require licensing, aspiring mortgage lenders can take courses through licensed real estate schools or colleges. Read the following steps to become a mortgage lender.
If you do not know how to use a computer or the Internet, take college courses. A mortgage lender of today must be comfortable with using the computer and Internet.
Video of the Day
Check with your state's finance department to determine if a license is required for mortgage lenders. If a license is required, request information on the state's specific licensing requirements. Follow your state's requirements to become licensed.
Apply for a mortgage lender position at the mortgage department of your local bank, mortgage bank or mortgage broker. If you are in a state that does not require licensing, many of these companies may be looking for a mortgage lender trainee.
Take real estate mortgage and lending courses at real estate schools or colleges. Even if your state does not require licensing, the education will put you in a better position when being considered for a job.