Question:

Are there mortgage broker continuing education requirements?

Answer:

Many states do have mortgage broker continuing education requirements for extending and renewing license.

Many times mortgage brokers are required to attend courses on annual basis to be eligible for license renewal. Ethics is a course required from all mortgage brokers in an early stage of their education and practice. Sometimes mortgage brokers are required to teach a continuing education course.

What should I do if my mortgage broker license is inactive?

You still need to attend a mortgage broker continuing education course to renew your license.

Mortgage Brokerage Businesses and Lender license renewal also demands attending a mortgage broker continuing education course. However, Mortgage Brokerage Businesses are usually not responsible to provide mortgage broker continuing education to their associates as they are responsible for their own mortgage broker license renewal.

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