How do I get a mortgage broker license

Become A Mortgage Broker

This article will help anyone looking for information pertaining to get a mortgage broker license or anyone looking to become a mortgage broker.

---

The current regulations regarding Mortgage Brokers became effective in July 1992. They affect anyone who solicits mortgage loans on behalf of someone borrowing, who accepts an application for a mortgage loan, or who negotiates the terms and conditions of a mortgage loan for a lender of the money. All Mortgage Brokers must be an associate of a Mortgage Broker Business that is also licensed by the State. However, Mortgage Broker licensing may only be an associate of one Mortgage Brokerage. Once licensed, the Mortgage Broker may work with both 1st mortgages and 2nd mortgages. The increase in Licensed Mortgage Brokers indicates tremendous recent growth in the mortgage industry. In June, 2002 there were 30,283 active Mortgage Brokers, and in May, 2004 there were 45,006. This reflects a 50% increase in just two years.

Contact the MBSD Group today to get your mortgage broker license.