Aspiring mortgage brokers will find some
online classes designed to prepare them for state licensure. Most online
classes in the field, however, are geared toward real estate
professionals looking to take the required course load for yearly
license renewal.
Overview of Online Mortgage Broker Classes
Mortgage agent courses are not typically offered exclusively online. While novice mortgage agents will find some pre-licensure courses available, most online courses are intended for current professionals looking to fulfill the yearly continuing education requirement for their broker licenses. Several for-profit companies offer the relatively short pre-licensure and post-licensure courses online, and a few not-for-profit universities and colleges provide the same classes as well.Graduates of pre-licensure courses do not receive degrees but are prepared for entry-level jobs in real estate after passing state exams. Professionals who complete continuing education courses already have a more in-depth understanding of their field and can use the courses to learn about or specialize in certain aspects of mortgage agency.
Class Requirements
Students are commonly required to purchase textbooks either online or in stores. Texts may also be provided via Internet download in PDF format. Students are encouraged to have calculators on hand. Some online mortgage agent course packages are not compatible with the Macintosh platform, so a PC may be required.List of Online Mortgage Agent Classes
Because real estate law varies from state to state, the specific requirements for broker license acquisition and renewal will be determined by student location. Typical courses include the following:State Mortgage Broker Pre-Licensure Class
This program is offered as a one block course, and its main goal is to prepare the student for the state mortgage broker license examination. Relatively short in duration, the course may cover state mortgage and real estate law, the loan process from approval to repayment, mathematics and real estate ethics. Students must have a GED or high school diploma. Graduates who pass the license exam are prepared to begin careers in the real estate industry.State Mortgage Broker Post-Licensure Class
Most states require that new brokers take this 50-60-hour course before the first license renewal cycle. Topics covered include advanced brokerage theory and techniques, mortgage markets and the foreclosure process. This course may be divided into two or more sections with separate focus on general topics and mortgage brokerage economics. Graduates must pass the final examination at a state-determined minimum grade in order to retain licensure.Mortgage Broker Continuing Education Class
These classes are designed for the current mortgage broker's yearly class requirement. Students will find a variety of courses to take online that cover topics like mortgage office management, advanced investment practice, risk management and real estate law. Students may also find more general continuing education classes that cover new developments in the real estate industry. Graduates are qualified to maintain licensure.Some online real estate courses do not qualify for state continuing education requirements. Students may take these classes to count towards a certificate or degree in the broader field of real estate or to expand their expertise in the field of mortgage brokerage.
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