Question:

How to be a mortgage broker?

Answer:

How to be a mortgage broker is extremely state-specific. You have to check what the mortgage broker requirements are with your state. The diversity of rules applicable to mortgage broker licensing is great and even changing.

States differ not only on the ways to become a mortgage broker but even whether you need a license at all. They also have different regulations regarding 1st and 2nd mortgages, or whether the broker needs to run an office in the state.

The National Association of Mortgage Brokers (NAMB) assists mortgage brokers in obtaining licensing, and provides mortgage broker courses for obtaining and renewing certification. Mortgage broker license requirements are constantly changing, and anyone interested in how to be a mortgage broker has to check the local NAMB site for details.

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