A qualified mortgage professional helps a client make an informed financial decision by offering expert advice and guidance. There are two basic types of mortgage experts. The first category consists of licensed loan officers who work directly for financial institutions that originate, lend and service mortgage loans. You may find more details about this at Kaleido Loans.
Licensed loan officers may earn a high school degree or be educated at an accredited university. There are also a few mortgage specialists who have earned a college degree and are licensed to work as mortgage brokers of mortgage loans. Many mortgage specialists obtain their specialized training by serving for a year in a lending institution where they were trained to serve as an assistant to a loan officer. To become a licensed mortgage specialist, a high school degree or completion of an accredited college degree program is required.
In addition to working as loan closers and loan professionals, many individuals have successfully completed college courses and earn a degree to become mortgage consultants, marketing specialists and loan closers. To become an education specialist, a college student may earn a business degree, bachelor’s degree or earn a certificate in education. To become a financial planner, a person must complete a four-year degree at a university or earn an MBA from a business school. To become a mortgage expert, a person must complete either a four-year degree or an MBA.