ROLE
OF A LOAN
OFFICER: JOB DESCRIPTION
Description:
Loan Officer or Loan Broker
A Mortgage Broker is any
person who receives an application from a perspective borrower for the
purposes of making a mortgage loan from that person's own funds or from
the funds of another person.
A Loan Officer is a person sponsored
by a Loan Broker to receive applications from prospective borrowers for
the purposes of making a mortgage loan.
Basic Requirements for
getting licensed to become a Loan Officer: (May vary state by state)
1. Be an individual who is at
least 18 years of age
2. Citizen of the United
States or lawfully admitted alien
3. Maintain a physical office
in the state you are doing business
4. 60 hours of educational
courses
5. Pass a state exam
6. Be sponsored by a licensed
Mortgage Broker
7. Not have been convicted of
a criminal offense
8. Pass a criminal background
check
How
To Become A Loan Originator without
a License
To register as a Loan Officer
and member of NewKey you must be sponsored and invited. Thus the reason
for this website. To learn more about getting involved with NewKey, fill
in the form on the home page and request more information. I will contact you as
soon as possible.
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