Online Mortgage Broker Licensing and Training Information

Essential Information

Mortgage brokers are licensed to seek out mortgages for a borrower and to negotiate the terms of the loan. Online courses can teach students how to work with home owners and banks, how to decide which loan and bank is best for the home buyer, and how to meet state laws.

While earning a college degree is not necessary, mortgage brokers will need educational training to legally work in the field, and they are required to be licensed in the state in which they'll be working, according to the U.S. Bureau of Labor Statistics (BLS). Because licensing includes passing an exam, prospective brokers may find preparatory training through online programs to be a convenient solution. Some mortgage brokers may also opt to earn voluntary certification to expand their credentials.

Mortgage Broker Training Program

Many schools -- particularly community colleges -- offer online mortgage broker pre-examination courses that each take about 24 hours to complete. These classes teach students the state and federal laws and regulations for working as a mortgage broker. Students also learn how to work with borrowers and bankers, as well as how to handle financial transactions. The programs also prepare students for licensing examinations.

Course Topics

Some colleges require mortgage broker courses be taken before the license exam prep course. Students may be encouraged to seek out additional educational courses before or after licensure. Typical online coursework available in this area of study includes the following:

  • Licensure Exam Prep
  • Mortgage Lending
  • Finance
  • Real Estate
  • Loan Origination
  • Mortgage Ethics

To summarize, mortgage brokers can prepare for licensure by completing an online training program. They can also increase their knowledge of the field by taking standalone courses in related subjects.

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