SAFEMLOExam.com Shows You How to Become a Licensed Mortgage Loan Originator (MLO)
Mortgage Loan Originator (MLO) is a popular financial career, where smart and capable people willing to do what it takes will have the opportunity to succeed. If you have the willingness to study, work hard and be a professional with integrity, a career as an MLO might be a good career fit for you. While having all those characters is ideal forputting yourself in the best position to succeed in the MLO profession, you should also consider that one of the biggest hurdles is passing the SAFE MLO exam, which is required in order to gain a license and legally work as an MLO.
To help you stay prepared for the coming examination, please visit SAFEMLOExam.com to discover reliable support and sample tests that will help you with your needs in the coming examination. Taking as many practice tests as you can, such as those available on SAFEMLOExam.com, will greatly assist you in preparing for the SAFE MLO exam.
What is a Mortgage Loan Officer?
Some people are wondering what the big difference is between a mortgage loan originator (MLO) and a mortgage loan officer.Actually, both are the same. The official title, however, is Mortgage Loan Originator (MLO). In some cases, many people are calling these professionals loan officers. This profession covers two types of loan officers – a residential mortgage loan officer and a commercial mortgage loan officer. Whatever your choice, you will still have to perform the same types of duties, but on different types of properties.
Loan officers are playing a bigger role in society and this is a big reason why the industry of mortgage loan originator (MLO) offers an attractive career nowadays. Wherever part of US you are living in, there is always a great demand for a mortgage loan officer (MLO). However, in order for one to become a professional MLO, like any other professions out there, you also have to pass several steps, including a background check, pre-licensure education, passing of the SAFE MLO (mortgage loan originator) exam, and much more.
What are the Loan Officer Standard Requirements?
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) had established the important requirements for the licensing or registration of the Mortgage Loan Originator (MLO). In order for one to become a licensed and professional MLO, here are some of the important requirements to know:
Criminal Background Check – Your fingerprints needed to be submitted on the NMLS for the FBI criminal background check
Education – You should complete the pre-licensure education, so you can take the mortgage loan originator (MLO) exam
Testing – You are required to pass the National (and possibly State component) of the SAFE MLO (mortgage loan originator) exam
Credit Report – A credit check done through the NMLS
For assistance in passing the SAFE MLO licensing exam, please register at SAFEMLOExam.com and purchase the five practice test package. All questions contain answer explanations, so you understand why you got the question correct or incorrect.