Working as a mortgage broker in Georgia can be one of the most profitable and exciting jobs that you can have. Not only do you get to work with some of the top names in the industry, but also you get to help qualified buyers find the perfect home loans for them through an extensive nationwide network of financial institutions. However, if you are interested in becoming a mortgage broker in Georgia, there are several things that you need to take into consideration before you start the application process. Read on to learn more about how you can quickly obtain a mortgage broker license in Georgia today.
Mortgage Broker License in Georgia
In Georgia there is no state law requiring a mortgage broker to be licensed, however, there is generally an oversight regarding insurance and financial backgrounds Mortgage Broker Coalisland. So when you apply for a mortgage broker exam in Georgia, you want to make sure that you have a clean background in financial matters. Obtaining a licensed broker in Georgia does not require a college degree or other specialized training, however, it does require an examination that covers all areas of business that a broker needs to know in order to effectively perform their job. Once you pass the exam you will be required to take a professional development class that focuses on finance, insurance, real estate, and other areas of personal finance.
Once you have successfully completed the course work, you need to submit your application for broker exam to the Georgia Department of Financial Services. In Georgia, if you wish to become a mortgage broker you do not need to be licensed separately from your current financial institution. Your new broker license will be applied to your current employer and the GE mortgage company will assist you in completing the necessary paperwork for getting the new license. Once you have your license, you will be able to begin helping people secure mortgage loans for all kinds of properties in Georgia including residential homes, mobile homes, duplexes, and condos.