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California Loan Officer Training

Written by Dana Hinders
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California residents interested in becoming a loan officer have several different training options available. Loan officer training schools offer classes and seminars in locations across the country. Print or web-based correspondence courses are another option for California residents who want to begin careers as loan officers. In addition, most community colleges and universities in California offer real estate courses that can help job seekers develop their skills.

California Licensing Requirements

Licensing requirements for California loan officers depend upon the loan officer's place of employment. Loan officers in California are not required to obtain a license if their employer is licensed through the Department of Corporations. If their employer is licensed through the California Department of Real Estate, a state approved real estate course and exam are required to obtain the necessary license.

The California Department of Real Estate maintains a database of state-approved training courses that will meet the state's licensing requirements. Courses offered by out-of-state private schools are generally not acceptable without prior approval from the California Real Estate Commissioner. Courses taken at foreign educational institutions must be evaluated by an approved credentials service.

Loan officers who also want to work as self-employed mortgage brokers may be surprised to learn that California does not issue a mortgage broker license. Most California mortgage brokers operate under a real estate broker license. According to California law, the license that allows the listing and sale of property is the same license that allows mortgage brokers to solicit borrowers and lenders. A California real estate broker license requires at least two years of related work experience. This requirement can be waived for applicants with an undergraduate degree who also pass the state's real estate exam.


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California Licensing Requirements

Hello all, here are some of the tips from my side, i am talking about the Employment of loan officers, Its expected that by2018 the jobs will grow by 33,000 jobs, or just over 10 percent, That's about equal to average growth for all occupations and most of all experienced and skilled loan officers can scale the ladder in their financial organization moving to bigger bank branches or taking on supervisory roles. the continuing education and certification opportunities that will grease the skids, now the main problem is that to look for a particular type of loan officer you will become such as in mortgage lending or commercial loan, what ever you chose but you may travel quite a bit, or find business especially busy during peak periods in the economic cycle.
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