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madevry, Home Seller in Torrance, CA

My friend just received DRE broker license and like to become mortgage broker. How can he obtain registration?

Asked by madevry, Torrance, CA Sat Aug 16, 2008

My friend just received DRE broker license and like to become mortgage broker. How can he obtain registration (or affiliation) with banks so he can sell loans for residential properties? Thanking you in anticipation.

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4
He would ask for a broker package from the lenders or banks that he is interested in doing business with. Or, he could hang his license with a company who is already approved with those same sources.
1 vote Thank Flag Link Mon Aug 18, 2008
First he needs to get his NMLS license. without that, he cannot originate loans. There are educational and other requirements. It takes some time. To start, go to the NMLS website and read through the information. If you have any questions, call them up. I have found them VERY helpful. The phone number is on the website and the website link is below.
Lastly, you will need to link your NMLS license to whatever company you will originate loans with, whether it is your company or one you work for.


http://mortgage.nationwidelicensingsystem.org/Pages/Default.aspx
0 votes Thank Flag Link Wed Jul 10, 2013
I am glad that you are using Trulia voices. I am a Realtor and I think that your friend should consider talking to several places- B of A, Chase and also mortgage Brokers. I would suggest he call Milestone Mortgage in Manhattan Beach. There is no better time to learn than now and to get in at the ground level. I actually believe in synergy and that means that if you suggest that open up the heart tonight to be clearly led to the right company or person that you will find it is very powerful. Opening up to receive. Trust!
Web Reference: http://Teamatthebeach.com
0 votes Thank Flag Link Sat Aug 16, 2008
How did your friend receive her mortgage broker license? Just curious
0 votes Thank Flag Link Sat Aug 16, 2008
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