Qualifications are necessary to become a mortgage banker

Reference no: EM131315031

1. Distinguish between the operations of a mortgage banker and a mortgage broker. What are the five major minimum standards that an independent mortgage broker or loan office must pass to be licensed with the NMLS?

2. What qualifications are necessary to become a mortgage banker? Are there any special requirements\ for mortgage lenders in your state?

Reference no: EM131315031

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