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Iowa Mortgage Loan Officer License Education

Obtaining a mortgage license and becoming a mortgage loan originator involves a simple process in which you will need to complete your state-specific education requirements and take and pass a National exam. Once these two steps have been completed, you're well on your way to becoming a licensed Loan Originator!

 

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This bundle includes the National pre-license education course and National Test Prep for the discounted rate of $349 $239
Use Coupon Discount Code: 20PEDEAL  

 

For questions about ordering or other information, call (801) 676-2520

 

Mortgage Broker vs. Mortgage Loan Originator/Officer – What’s the difference?

Mortgage brokers and mortgage loan originators/officers are often confused with each other. Because of this, most people looking to get a mortgage broker license are actually looking for a mortgage loan originator license. So what is the difference?

 

Generally speaking, a mortgage broker is a company that employs mortgage loan originators (the term "loan officer" is used interchangeably). The loan originators are employed by the broker to originate loans for home buyers when they are looking to obtain a residential mortgage.

 

What kind of course do I need to do to get started on my license?

Each state requires a minimum of 20 hours of NMLS approved mortgage education. Mortgage Educators & Compliance offers the National course with a National SAFE test prep in a low price bundle of $239 that includes a comprehensive test prep to help you score well on the NMLS National Test with UST component. 

 

New mortgage license education or "pre-license education" must be completed in either a live classroom or online instructor-led format. Mortgage Educators & Compliance provides these courses weekly in an Online Instructor-Led (OIL) format. The courses are presented by instructors via pre-recorded video with slideshow presentations. Courses are broken up into chapters comprised of 5 minute sections and quizzes that make up the overall content. At the end of the course, students should expect a short test to check for comprehension. All hours are reported to the NMLS upon completion by Mortgage Educators & Compliance.

 

 

Additional questions?

Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your Iowa mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.

 

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