How do I get a California lender license?



How do I get a California lender license?

A California Lender license can be issued as a lender, a broker or both. Only companies making or brokering residential mortgage loans are required to be licensed through the Nationwide Mortgage Licensing System (NMLS).

How do I get a real estate broker license?

To obtain a real estate broker license, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application which must be submitted to and approved by the DRE.

What are the continuing education requirements for a mortgage broker license?

Once you have your mortgage broker license, it’s your responsibility to keep up on the latest developments on mortgage lending in your area. To keep your license current, you’ll be required to take a certain number of hours of continuing education courses each year.

What license do you need to be a mortgage broker in California?

First off, you will need a broker license in California. There are two licensing agencies in California that regulate Mortgage Broker licenses. California Department of Real Estate (DRE) This type of license allows you to act as a real estate broker and/or mortgage broker in California.