The biggest consideration in mortgage loan officer training is the school you attend to get licensed. There are mortgage loan officer schools all over the country and it can be difficult to find the right one. This list of the best mortgage loan officer schools, can help you find the institution that is the best fit.
Learn Mortgage (#1 Best Mortgage Loan Officer Training Schools)
Learn Mortgage offers live and online mortgage loan officer training for people looking to become a mortgage loan officer. They have been working with students all over the country and helping them get the most up-to-date education. This is incredibly important since finding people the right loans requires a deep knowledge of the local housing market.
Learn Mortgage is paired with the Hondros Education Group. This group has been in business for over 50 years and is a leader in online and distance learning. Because of this, they are a great option for people who want the strongest possible education system for their training.
Learn Mortgage offers courses in a webinar style format. This allows you to complete your mortgage loan officer training from the comfort of your own home. Not everyone is going to be able to make it to an in-person class, so this is a great feature.
With the webinar style courses, you get the benefit of working face-to-face with an instructor without having to commute. In fact, Learn Mortgage encourages you to participate and lists it as a requirement for the course. This interaction helps with information retention and gives you a leg up on the material.
Since you will be in the course with other students, you also have the benefit of learning with others. Many students feel that this group style of learning forces them to think about the material in different ways. Because of this, you will be much more likely to retain the complex curriculum of mortgage loan officer training.
Learn Mortgage offers a few different resources to their students. These include reporting completion of your courses to NMLS for you. Within seven days of completing the course, you will then be eligible to take the SAFE MLO-National test.
They also offer a CompuCram exam prep course for an extra fee. This course prepares you for the rigorous SAFE MLO-National test and ensures that you are ready. If you are someone who does not take tests well, this could be a great option for you.
Allied Schools (#2 Best Mortgage Loan Officer Training Schools)
Allied Schools is an online mortgage loan officer training solution that is accessible to everyone. They are fully approved by all the state and national boards that certify educational institutions for mortgage loan officer training. This makes them a great choice if you want to work with the best mortgage loan officer schools.
The courses at Allied Schools are designed by industry professionals who specialize in mortgage loan originator training. They ensure that all the classes are completely up to date with the market and have the most current information. This professional upkeep is a great feature for people who want the most out of their mortgage loan originator training.
Allied Schools offers webinar classes that will help you complete the education hours required to get licensed. These classes give you the same benefits that a live, in-person course would give you without the inconvenience. If you are getting your license in your free time, this is a great option for you.
These online webinar classes include everything you need in order to pass the SAFE MLO-National test. Most people are able to complete the training in as little as four days, which is a short time period. Because of this, it is incredibly important that you learn from professionals.
The instructors for the webinar classes are all people who have worked in the industry themselves. They have also helped to develop the curriculum and keep the material up to date with local laws. This dedication to the development of the material makes the courses helpful and accessible to all kinds of students.
Allied Schools offers round the clock support for all of their mortgage loan originator training. If you are having any difficulties with the technical aspects of the courses, you can call their toll-free number. Having this kind of support is very helpful for students who might not be used to online education.
They also offer pre-licensing textbooks that you will have continued access to in your career. Continued access to textbooks is not something that all mortgage loan officer schools offer. These textbooks will come in handy in your courses as well as moving forward in your career.
OnCourse Learning (#3 Best Mortgage Loan Officer Training Schools)
OnCourse Learning has been working with students in the distance learning field for over 40 years. Their experience in this type of education makes them a great choice for mortgage loan officer training. Having that kind of longevity in the business means they understand the needs of a wide variety of learners.
They have a policy of making sure that all of their students remain in compliance with the law. This is incredibly important for mortgage loan officer training as it is highly regulated. Being in compliance means that you can continue working in your career without worry about breaking any rules or regulations.
They are dedicated to ensuring that their students complete the required 20 hours of education in an accessible way. They understand that not all of their students will have the same amount of knowledge coming into the process. Because of this, they keep the material clear and concise and easy to understand for all levels of MLO students.
OnCourse Learning offers many different options and formats for completing your mortgage loan officer training. This wide variety of course options is what makes them one of the best mortgage loan officer schools. Not everyone can complete their training in the same way and they make sure there is an option available to them.
You can take your mortgage loan officer training in a self-guided online format. This allows you to follow the curriculum in a digital format on your own time and at your own pace. This is a great choice for people who might not be able to dedicate their time to a webinar class.
They also offer live webinar style courses to those who prefer that type of format. By allowing students to interact with an instructor from home, they open up the courses to a wider student pool. Because of this, you can get the best of both worlds as far as course options go.
In a few states, they also offer in-person courses. These are a great option if you are the type of student who benefits from live interaction. If you happen to live near one of these locations, it is a highly recommended course format.
OnCourse Learning has a Career Insights section of their website that could prove very helpful. Here, they offer all kinds of valuable information on what it is like to work as a mortgage loan officer. If you are just getting started and are unfamiliar with how the industry works, this is a great resource.
They also have a blog that offers unique perspectives on the day to day job of a mortgage loan originator. Going through these posts can be very helpful and give you a good idea about things like client communications and industry updates.
They also have a section that lays out all the different requirements for every state in the U.S. This is a very important section to read and understand since each state differs. Knowing exactly what steps you need to take for your mortgage loan officer training in your state is essential.
Loan Officer School
Loan Officer School was founded with the goal of helping as many people get their mortgage loan officer training as possible. This goal was met by making their courses accessible to all and available for all kinds of students. This was done through extensive research and development by industry professionals.
Their experience of over 20 years means that they have seen all kinds of trends and market fluctuations. As a mortgage loan officer, you will have to adapt to these changes to get people the best possible loan. Due to their longevity, they can impart this knowledge onto you and make sure you are successful.
You can complete your 20 hours of required education in one of two ways with Loan Officer School. You can do a streamed format that is either led by an instructor or simply a stream of a live course. Both of these can be done in your own home and will satisfy the necessary requirements.
You can also attend one of their live courses in-person if you are so inclined. These in-person courses are not available in every state, however, so they will not work for everyone. If you are able, though, you can complete your mortgage loan officer training in just two days.
Loan Officer School does not have some of the same resources as the other mortgage loan officer schools. They are a much more bare bones type of school that is focused primarily on getting your required hours finished. If this is what you are looking for and don’t need those extras, they could be a great option for you.
They do, however, offer a test preparation package that comes highly regarded by their previous students. This package comes with seven hours worth of test prep and also includes over 800 slides and practice questions. If you want to be as prepared as possible for the SAFE MLO-National test, this is a great option.
Capstone Institute was one of the first mortgage education institutions in the United States. This kind of experience has translated into a high quality education system that many different students have benefited from. This effectiveness is just one of the reasons they have remained at the top of the industry for all of these years.
Capstone Institute was started by Kathy Lewis, who has a long list of accomplishments in the mortgage education world. Since 1986, they have been working with students from nearly every state in the U.S. Kathy has even served on the Housing and Urban Development board for the federal government.
Capstone Institute offers in-person classes in Georgia and believes that this is the best way to learn the business. If you are able to attend one of these courses, you get the full benefit of Kathy’s experience. Being in-person is one of the most effective ways to retain complicated information.
Capstone Institute does not offer any sort of online option for taking their courses. They understand that it is convenient, but they do not feel that it is the proper way to learn. Because of this, if you are not in the Georgia area, they may not be the best choice for you.
One of the most important student resources that Capstone Institute offers is a payment plan. They will allow you to pay your tuition over the course of four payments. Many mortgage loan officer schools do not have this option.
Because all the classes are in person, they also act as a networking opportunity for students. If you are planning to work in the Georgia area, this is a great opportunity to meet contacts. The mortgage loan originator business is heavy on contacts, so this is an important resource.
By reading our list of the best mortgage loan officer schools, you hopefully have a good idea of what you need. Depending on your schedule, any one of these schools will be a good choice for you. If you are dedicated and curious, becoming a mortgage loan officer is well within the range of possibility for you.