Mortgage Broker Training Available in North Carolina
The federal government is now working with state governments to ensure that all mortgage brokers are properly licensed and registered in order to originate and handle residential mortgage loans. While states have been overseeing this process for decades, it’s only in the past few years that the federal government was charged with making sure there are minimum standards and that there is a central, national registry.
As part of obtaining a license, each state has training requirements that must be met. North Carolina mortgage broker training is available for new brokers, who must take a minimum of twenty hours of instruction. There is also continuing education available for officers who wish to renew their license. Both courses will cover both state and federal mortgage laws as well as other subjects like ethics.
There are a number of training companies and organizations that have developed the appropriate curriculum to meet both state and federal requirements. Many offer online courses so that brokers can study on their own schedule. Some still offer in person training for those who prefer a more traditional setting. Anyone seeking training should be sure to verify that they are getting the appropriate class, either broker training or continuing education. They should also look for courses that have been approved by both NMLS and by North Carolina’s banking commission .
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