• Gustan Cho

    Administrator
    August 24, 2023 at 3:48 pm

    To learn more about career opportunities as a commercial loan officer, please visit https://lendingnetwork.org/commercial-loan-officer-career-opportunities/

  • Gustan Cho

    Administrator
    August 25, 2023 at 2:29 am

    Vermese, you do not have to be licensed in Texas before getting licensed in other states. I live in Wisconsin and I could not get licensed in Wisconsin because of bad credit for 8 years but was licensed in Illinois, Florida, California, New Jersey, Washington, Arizona, and other states where credit was not a problem.

  • Gustan Cho

    Administrator
    August 25, 2023 at 2:31 am

    I talked to Angie Crippen from OnCourse Learning today. Great 👍 five star true Profesional and she will help you.

  • Gustan Cho

    Administrator
    August 25, 2023 at 2:37 am

    Thank you for your service Vernise.

    • Vernise

      Member
      September 2, 2023 at 11:56 am

      Thank you !

  • Gustan Cho

    Administrator
    September 6, 2023 at 4:01 pm

    Vernise

    Please join us tomorrow Thursdays on WHY NEXA ZOOM CALL AT 1 PM CDT Recruitment ZOOM CALL,. VERY INFORMATIVE https://www.zoom.us/j/4802285442

  • Gustan Cho

    Administrator
    September 8, 2023 at 3:49 am

    Vernise, did you join the WHY NEXA ZOOM call with CEO Mike Kortas today? If not, it is every Thurdday at 1 pm CDT. You can ask any questions you like.

  • Harlan

    Member
    October 22, 2024 at 9:20 pm

    That is an interesting question! Let us explain.

    Texas Mortgage Loan Originator (MLO) License Requirements

    • If your credit can be cleared or is in good standing, you can apply for a Mortgage Loan Origination license in Texas.

    The following points must be noted:

    • You must create an NMLS account.
    • You need to take the necessary pre-licensure education (20 hours).
    • You need to pass an MLO licensing exam.
    • To work as an MLO, one must submit an MLO application.
    • You must provide evidence of employment.
    • Fingerprinting will be required for background checks.
    • You authorize NMLS to conduct a credit check.

    Residency Requirements for California, Illinois, and Arizona

    • You do not have to establish a residence to be eligible for a Mortgage Loan Originator license in California, Illinois, and Arizona.
    • However, you will need a licensed employer to cover the state you are applying to.

    Commercial Loan Officer Opportunity

    • When one decides to become a commercial loan officer, it provides essential experience and expertise that will be helpful when one decides to become a licensed mortgage originator.

    The process usually includes the following:

    • First, one must work in commercial lending.
    • Second, one should learn commercial loan underwriting and documentation.
    • Third, one must build networks with commercial clients.

    Such experience can help you look at lending prospects differently, extending to financial analysis, which is very important when considering becoming a mortgage originator.

Page 2 of 2

Log in to reply.