To become a mortgage broker (also called a loan originator) in Florida, an individual must become licensed. This involves completing a 20-hour pre-licensure course approved by the National Mortgage Licensing System, passing national and state exams, and submitting to FBI and Florida criminal background checks and a credit check.
Most of the loan originator classes available in Florida are offered as on-campus courses at community colleges and universities. However, a few community colleges and private schools periodically offer online courses that prepare people for the exam. Prior to enrollment in one of these fully online courses, students need to make sure that their computers have working speakers, a microphone, an up-to-date operating system and a functional internet browser. Students may also need access to a headset.
Florida Mortgage Broker Course Content
To prepare for the state licensure examination in Florida, students study the rules and regulations pertaining to regional mortgage brokerage. They learn to identify types of loans and explain their availability to various clients, depending upon financial status. This class is typically 24 contact hours and can be found online.
Some online real estate programs also offer courses dealing with mortgage broker information, including banking laws and loan restrictions, but students should check with the state to see whether a given course will prepare them for the loan originator exam.
Post-Licensing Education for Real Estate Brokers
Licensed real estate brokers are expected to refresh their licensure regularly to meet state requirements in Florida. Post-licensing education can often be completed through online classes hosted at the same schools and colleges as first-time licensure training.
Overall, for Florida residents who want to become mortgage brokers, an online training program may be a convenient way to prepare for the state licensure exam.