Online Mortgage Agent Courses and Training Programs

It's possible to become a mortgage agent with only a limited education, and many mortgage programs can be completed entirely online. Keep reading for school and program information. See more about online learning, and get professional licensing requirements. Schools offering Real Estate degrees can also be found in these popular choices.

What You Need to Know

Numerous options exist online. However, checking with the online program's content with your own current state requirements for being a mortgage agent is a must.

Online Available from most institutions
Programs Pre-licensure mortgage agent training programs, continuing education courses to maintain National Mortgage Licensing Systems license
Courses Mortgage Loan Origination, Consumer Protections, Appraisal Awareness, Clarifying Conventional Mortgage Lending, Mortgage Finance and Closing

What Training Do I Need to Become a Mortgage Agent?

The amount of formal training to become a mortgage agent or loan originator varies by state. Legally, new mortgage loan originators should complete 20 hours of training in the areas of federal law, ethics and unconventional mortgages, as well as electives. Some states require state-specific education courses or additional courses above the federal minimum. While many educational organizations include the required hours and courses in a single training package, several offer individual courses, such as:

  • Mortgage Loan Origination
  • Consumer Protections
  • Appraisal Awareness
  • Clarifying Conventional Mortgage Lending
  • Mortgage Finance and Closing

Where Can I Find a Program?

Most training options for mortgage agents come from independent schools where they offer pre-licensing courses. These schools typically specialize in mortgages, real estate or related education areas. Some 4-year universities offer mortgage broker pre-licensing preparation programs for no credit. Additionally, there are a few college programs with courses in mortgage loan origination within a business or finance major.

With the constant changes to mortgage packages and banking loan options, information you receive in a university program may provide only generic information and may not satisfy state licensing requirements.

Are There Training Options Available Online?

Most mortgage agent training institutions offer online learning, often at your own pace. Each class satisfies a pre-set number of hours, regardless of how long it actually takes you to complete it. When researching online training schools, make sure that the courses offered comply with your state's educational requirements. Call or e-mail the training center to see what kind of proof you receive upon completion of a program.

Some online programs are available through:

  • National Mortgage School
  • Ellie Mae
  • AAA Mortgage Training
  • Learn Mortgage
  • Cape School

Do I Need to Be Licensed?

The Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act of 2008 was established to protect consumers from fraud, but also to persuade states to set a minimum level of criterion regarding licensing and registration of loan originators. The S.A.F.E. Act requires loan originators, licensed by their state of employment, to pass a written test, take pre-licensure courses and complete continuing education classes. States may also require a criminal background and credit check, a surety bond, mortgage or lending experience, and proof of financial security.

While some states handle their own licensing, many rely on the National Mortgage Licensing System (mortgage.nationwidelicensingsystem.org). The American Association of Residential Mortgage Regulators and the Conference of State Bank Supervisors established the Nationwide Mortgage Licensing System (NMLS) to outline each state's requirements regarding education, registration and licensing. The S.A.F.E. Act requires all residential mortgage loan originators to register with the NMLS. To maintain your mortgage loan originator license, the NMLS requires a minimum of eight hours of continuing education to be completed yearly, not including the year the pre-licensure courses were taken. Many schools offer continuing education courses online and at an individual pace.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Ashford University

    Ashford University responds quickly to information requests through this website.

    Popular programs at Ashford University:

    Online Programs Available

  • Purdue University Global

    Purdue University Global responds quickly to information requests through this website.

    Popular programs at Purdue University Global:

    Online Programs Available

  • Strayer University

    Strayer University responds quickly to information requests through this website.

    Popular programs at Strayer University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Keiser University

    Keiser University responds quickly to information requests through this website.

    Popular programs at Keiser University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Maryville University

    Maryville University responds quickly to information requests through this website.

    Popular programs at Maryville University:

    • Bachelor Degrees

    Online Programs Available

  • Saint Leo University

    Saint Leo University responds quickly to information requests through this website.

    Popular programs at Saint Leo University:

    • Doctoral
    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • University of Saint Francis

    University of Saint Francis responds quickly to information requests through this website.

    Popular programs at University of Saint Francis:

    • Master

    Online Programs Available

  • Penn Foster High School

    Penn Foster High School responds quickly to information requests through this website.

    Popular programs at Penn Foster High School:

    Online Programs Available

  • Regent University

    Regent University responds quickly to information requests through this website.

    Popular programs at Regent University:

    • Master
    • Bachelor Degrees

    Online Programs Available

  • Biola University

    Biola University responds quickly to information requests through this website.

    Popular programs at Biola University:

    Online Programs Available

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