Mortgage Frequently Asked Questions
What does a Mortgage Loan Officer do?
Loan Officers facilitate this lending by seeking potential clients and assisting them in applying for loans. Loan Officers also gather information about clients to ensure that an informed decision is made regarding the quality of the loan and the probability of repayment. Mortgage Loan Officers develop relationships with commercial and residential real estate agencies, so that when an individual or firm buys a property, the real estate agent might recommend contacting a specific loan officer for financing. Loan Officers guide clients through the process of applying for a loan.
Why should I take the Hondros College of Business Loan Officer Training Program?
With over 40 years providing superior training and educational products to over one million students, Hondros College of Business is an education provider you can trust. We are an approved provider with the Nationwide Mortgage Licensing System. Our mortgage lending courses deliver a comprehensive review of all timely federal and state information that prepares you for success in the industry and prepares you to successfully pass the national and state exams.
Where and when is the state exam given?
There is no need to travel to another state to test. You can schedule your appointment at a testing center close to you by visiting NMLS at http://mortgage.nationwidelicensingsystem.org/profreq/testing/Pages/default.aspx
Is there a continuing education requirement?
Beginning January 1, 2010 every licensee must complete 8-hours of NMLS approved continuing education annually by the end of the calendar year.
Continuing education can be completed in a classroom or online.