Affiliating with LoKation® Real Estate in Florida was one of the first decisions I made as a newly licensed Real Estate agent in 2023. Earlier this year, they offered me and each of their agents the opportunity to expand our capabilities through the BrokerX program at United Wholesale Mortgage.
Loan Officers are also called Mortgage Loan Originators. When a person wants to finance the purchase of a home or refinance their existing loans, a Loan Officer is usually the person they speak with to find out what financing options are available to them. Behind the scenes, these folks have matrices of lenders and loan requirements to help them find the right loan for the particulars of a borrower’s situation.
Becoming a Mortgage Loan Officer (NMLS #2702533) was nothing short of a gamechanger for me and I encourage each of you looking to grow in this industry to consider what learning more about home financing can do for your Customers and your business.
The steps to earning a Mortgage Loan Originator license are not many.
But there is a good amount of learning that takes place along with a National examination. So one should be prepared to dedicate time each day for several weeks, or several months, to understanding Federal regulations, State regulations, loan terms and, of course, math. Once you’ve passed the national exam, your State may have additional requirements which you must satisfy prior to licensure. Background checks and a credit check are also required.
When you go through UWM’s BrokerX program, you’ll have the opportunity to increase your understanding of the mortgage industry and the tools available to you as an independent Loan Originator when you visit UWM. I would jump on that opportunity as it will reinforce what you learned in your pre-licensure course and give you a behind-the-scenes look at home lending.
If you are a real estate agent and you’re mortgage curious, reach out to me. I’m happy to help you grow!