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“We have been using your school for all of our new sales people and for all of our continuing education needs for years and I will not use anyone else.”
Alexandra U., Winnetka
“You did so much more than just teach the fundamentals of real estate and help me to pass the licensing exam, you made the class a joy and learning the material easy.”
Norma C., Los Angeles
“The Real Estate Sales-person’s exam was a “snap”. You did everything but memorize the material for us.”
Peggy B., Canoga Park
“I took the Real Estate exam yesterday and felt very comfortable with it. The preparation you gave was excellent in terms of both content and method.”
Marcia C., PhD, Gardena
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Mortgage Loan Broker License
There is no such thing as a Mortgage Loan Broker License. The term “Mortgage Loan Broker” refers to an individual who arranges real estate loans between the consumer (borrower) and a lender. The lender may be a commercial bank, savings & loan association, insurance company, pension fund, private individuals, etc.
A Mortgage Loan Broker may be licensed under the jurisdiction of the California Department of Real Estate under the Real Estate Licensing Law, or by the California Department of Corporations under the California Residential Mortgage Lending Act.
The Mortgage Loan Broker under the Real Estate Licensing Law is a licensed Real Estate Broker, licensed by the California Department of Real Estate. The Real Estate Broker will hire individuals with a Real Estate Salesperson’s license to procure qualified borrowers to purchase their mortgage products.
Lenders basically contract with a Mortgage Loan Broker to distribute their mortgage products. Financing real estate is not a daily, monthly, or annual experience for the average person. Applying for a mortgage usually seems to be a confusing and frightening venture for the average borrower because of the infrequency of applying for a real estate loan.
The Mortgage Loan Broker acts as a borrower’s guide when selecting a suitable mortgage loan to purchase or refinance real property. Mortgage Loan Brokers are the largest distributor of mortgage products for lenders in California and throughout the United States. The Mortgage Loan Broker can usually provide a borrower with better terms than if the borrower applied directly to a lender.
Please refer to sales license requirements and brokers license requirements in order to enter the mortgage business.
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