Accredited mortgage brokers are responsible for originating loan applications and assisting clients through the lending process. They facilitate a variety of loans, including consumer and commercial loans. And according the Bureau of Labor Statistics, this occupation is expected to grow faster then average; with a job increase of 11 percent nationally by 2016. But to launch your career as an accredited mortgage broker, you must earn a bachelor's degree or gain comparable experience.
Instructions
1. Earn a bachelor's degree in business or finance. Most financial institutions require that mortgage brokers have a bachelor's degree in business, finance or economics. Individuals can also be promoted to mortgage broker positions after several years of experience within the organization. For a listing of accredited colleges in your state, check out the College Directory Network (see Resources).
2. Contact your state's department of savings and mortgage lending. The majority of states don't require mortgage brokers to be accredited. To find out if your state has an accreditation requirement, check out the State Department of Savings and Mortgage Lending. If you visit your state's website, there is usually a link for this department on the main page.
3. Target financial institutions that offer in-house training opportunities. Mortgage brokers acquire their training on the job through in-house training. Larger companies like Bank of America or US Bank typically offer new mortgage broker training, which lasts a couple weeks.
4. Get your Certified Mortgage Banker Designation. The Mortgage Bankers Association (see Resources) offers this designation to individuals who have at least 3 years of experience and can pass the exam. Earning this designation makes you more marketable to employers and opens doors for advancement.
5. Refresh your resume to appeal to hiring managers. Highlight your experience attending community events representing a financial institution, communication skills and proven sales ability. Check out Job Bank USA (see Resources) for mortgage broker resume samples.
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