Michigan Mortgage License Training | Mortgage Educators & Compliance
Obtaining a mortgage license and becoming a Michigan loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, if you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.
This bundle is now available at discounted rate of $399 $259
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Purchase the 2-Hr MI course by itself! Only $39
Mortgage Broker vs. Mortgage Loan Officer – What’s the difference?
Mortgage brokers and mortgage loan officers are often confused with each other. Because of this, most people looking to get a mortgage broker’s license are actually looking for a mortgage loan officer’s license. So what is the difference?
Generally speaking, a mortgage broker is a company that employs mortgage loan officers. The loan officers are employed by the broker to originate loans for home buyers when they are looking for a loan for their mortgage.
So what kind of courses do I need to do to get started on my license?
Michigan requires 20 hours of mortgage education, including a 2-hour MI state law and rules course. Mortgage Educators offers both of these courses in a low price bundle of $259 that includes both education courses and a comprehensive test prep course to help you score your best on the NMLS national test component.
Mortgage Educators & Compliance provides these courses in an Online Instructor-Led (OIL) format. These 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 education course. 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.