We receive questions on a regular basis concerning the process to become licensed as a loan officer. Becoming a mortgage loan officer can be as simple as 1.. 2… 3…, or actually 1 to 10.
Step 1: It all beings with the State where you want to be licensed
Each state will require a minimum of 20 hours of pre-license education. In addition, some states may require certain state-specific education.
Check your state requirements here: State Licensing Requirements
Step 2: Enroll in a pre-license course with MTI – That’s so easy… just click the link below.
Step 3: You’re going to need an NMLS ID number – that’s simple too… just a few minutes.
You will need to create a user account with the Nationwide Mortgage Licensing System and Registry (NMLS). There is no cost to do this and it only takes a few minutes. Select the link below then select create an “Individual Account.”
Need My Number Please
Step 4: School Time! Complete your pre-license education
Step 5: The work beings. Study, Study, Study
Be sure to prepare yourself for the NMLS national test. Most students will spend 40-60 hours of study to prepare. It’s not an easy test, but if you follow the instructions of your fabulous MTI instructor, you should be prepared!
Step 6: GO ACE THAT TEST!
Step 7: Where do you want to work?
Finding the right place to work as an MLO might take a little time. If you know someone in the industry, find out where they work and why. You’ll want to find a company that has your values and provides the right customer service you intend to provide. Loan officer compensation can vary from company-to-company, but money shouldn’t be your only consideration. Remember if the company isn’t run well, your compensation won’t matter, because you won’t close any loans! But, now that you’re ready to be licensed, there will be many companies in your area wanting to hire you!
Step 8: Complete your registration with NMLS and file your papers with the state
The job is never complete until the paperwork is done. You will need to complete your NMLS registration using your NMLS account, complete your fingerprinting and file your MLO license application with the state.
Step 9: YOUR LICENSE IS ISSUED!
Now it’s official… you’re a licensed mortgage loan officer! After you’re done partying, it’s time to start helping!
Step 10: Help hundreds achieve homeownership!
Now you’re a well-educated, licensed, loan officer and it’s time to turn your attention to helping hundreds of consumers in your area make one of the largest financial decisions of their life… how to properly finance their home. Because you are well-trained, you’ll be there to guide them to the right decision and you’ll be there to make obtaining a mortgage a pleasant experience. Along the way, you may make a lot of money… and that’s not bad at all!
Visit our website for more information and skills-development courses – MTIProEd.com
Think back for a moment. Back to a time when you had a very important test to take, one that you placed great importance on. Prior to this test did you feel tense, have trouble focusing, feel sweaty, or possibly get headaches? If one, or more, of these symptoms sound familiar, it was quite possible you were experiencing a high level of test anxiety.
It is very common for individuals to feel a higher level of anxiety prior to taking an important test, such as a licensing test. Knowing the implications of the test, some people can even begin to feel these increased levels of anxiety while preparing and studying. Bottom line is test anxiety can happen to anyone.
According to Ryan Ferguson, an expert in test preparation,
“The way to fight test anxiety is to be prepared, be confident and do not over-study.”
Students can often fall into traps prior to a test that can lead to high anxiety. One of these traps is pre-test hysteria. Pre-test hysteria normally occurs during the minutes leading up to the test. This is the time when nervousness can take over causing students to begin going over all the notes right before the test. This will only increase anxiety and possibly cause students to make mistakes. Instead, students should take this time to relax and not overthink questions. Deep breathing exercises are a useful aid, as well as, simply grabbing a piece of paper and writing down whatever happens to come to mind. Both of these help to calm the body and keep the mind sharp.
Another common trap is cramming, although this one can be a little more difficult to avoid in certain situations. Cramming for a test can cause students not to recall information for longer periods of time, since it is contained within short-term memory. However, life happens, and there are times when a student may have no choice, but to cram for a test.
Should a student be left with no other choice but to cram for a test, there are a few steps he/she can follow to get the most out of the cramming. To begin, the student should start by determining which of the topic areas are most difficult, those where he/she feels deficient. Next, he/she should organize the preparation materials to the best of their ability. Finding unique ways to recite the information will go a long way in helping to recall the information during the test. Many experts suggest making up rhymes or comparative tricks to help remember the information during the test, plus this kind of memory enhancement is a form of studying. Students can also try different methods of reading through the material, such as out loud or with a ‘study buddy’. The different ways a student reads through the material the better the information will be retained. The final, and most important step to cram studying, is to relax and try not to stress yourself out. Try some of the tips mentioned previously in this article to aid with relaxation.
It is fairly obvious the major key to testing anxiety is relaxation. This can be very easy to say, but not so easy in practice. If you know you struggle with high anxiety during tests, or, if you find yourself suddenly anxious about an upcoming test, try some of these tips. They may sound rather mundane, but many time the simple things can have a great impact on us. Anxiety can play a huge role in the outcome of testing results and finding a way to curb the anxious feelings may be the difference between a pass and fail result. Lastly, trust your instincts. After all the preparation and studying, don’t second guess yourself, trust your instincts and trust your preparation.