Mortgage Knowledge is the largest mortgage industry education website. Here you can find licensing classes, skills classes, sales classes, compliance and regulation classes. Any mortgage education course you may need can be found on the Mortgage Knowledge website. In addition, Mortgage Knowledge is a community of education providers and mortgage professionals. There are many free services offered to advance your career; free webinars, events and podcasts, to name a few. No other education website can offer all this to you, the professional.
Mortgage Knowledge was the brainchild of the industry's top educator. After 40 years of teaching more than 40,000 mortgage industry professionals, he knew finding the right education provider was crucial to becoming successful in this very competitive industry. With dozens of industry education providers in the market, individuals looking to enter or advance their career needed high-quality education they could depend on. But this couldn’t be accomplished with a single education provider. Many of the best education providers focused on quality education for a specific purpose or area of the industry. This left people having to find multiple providers or accepting limited education from a single provider.
Mortgage Knowledge is a revolutionary education concept, where top education providers and mortgage professionals can meet to exchange knowledge and ideas. It's a community of like-minded professionals where industry knowledge and education can be obtained, along with the community-power of an on-going resource of idea sharing.
Mortgage Knowledge connects NMLS approved education providers with mortgage professionals. It's the largest internet community of the best education providers offering mortgage professionals the best education available anywhere. Plus, using Mortgage Knowledge will never cost you more than finding it on your own...the power of community!
As of 2010, after the SAFE Act and creation of the Nationwide Mortgage Licensing System - NMLS, almost everyone acting as a mortgage loan originator needs to have a state issued loan originator license (many times referred to as a loan officer license or mortgage broker license).
- Mortgage Loan Originators (MLOs) - not working for a bank or credit union
- Mortgage Brokers
- Mortgage Loan Modifiers
- Loan Origination Managers
- Mortgage Processors (Independent Contractors)
- Mortgage Underwriters (Independent Contractors)
It is also suggested that Loan Originator Assistants (LOAs) have an MLO license.
Though the process to get an MLO license is not extreme, following the proper procedure will make it easier and less time-consuming. It all begins by obtaining the proper mortgage education from a good mortgage school. Who you choose for your education will affect how long it takes to get your license. Mortgage Knowledge provides you access to the nation's best mortgage schools and industry leading instructors. These schools provide the highest quality education and help you successfully pass the NMLS test.
Many states require some state-specific education to obtain your MLO license. Mortgage Knowledge can provide you with any state education requirement. After you pass the NMLS test, you then file your application with the state for your MLO license. Each state is different on the application process, cost and amount of time required. Some people believe NMLS issues licenses, that's not true, there is no such thing as an NMLS license, only the state issues an MLO license.
All MLO licenses expire at the end of the year (some states earlier than December 31st). Each year the MLO will need to renew their mortgage license with the state. Part of the MLO license renewal process is continuing education. The minimum annual continuing education is 8 hours (some states require more than 8 hours). Mortgage Knowledge has CE education for all states and courses are offered online, through webinars and in the classroom. Select the state education you need and how you want to take the class - Mortgage Knowledge will do the rest.