2007-02-04 23:07:50 · 1 answers · asked by marcuscbarkley1 1 in Business & Finance ➔ Renting & Real Estate
Varies from state to state and the type of business you're getting into. If you are lending your own money, you are a mortgage banker. If you are arranging loans using someone else's money, you are a mortgage broker. If you work for a broker, you are an agent. Each state will have different rules and may have additional different rules depending upon broker/banker/agent designation.
Nevada and California are known to be hard, Colorado has historically been the easiest to get licensed. (Although Colorado has gotten tighter in recent years.)
Do a web search for your state's mortgage lending division for more details, or go the the National Association of Mortgage Broker's web site - www.NAMB.org - for more information.
2007-02-04 23:20:14 · answer #1 · answered by CJKatl 4 · 1⤊ 0⤋