No specific education or experience requirements. No specific education or experience requirements. No specific education or experience requirements. Applicants for a broker's license must receive classroom education and pass a written test. They must also have two years of lending experience or complete 40 hours of coursework in the field.
Mortgage brokers have no specific education or experience requirements.
Applicants for mortgage broker license must have three years experience in residential mortgage lending if they are in charge of the place of business. Licensees are also required to have three years' experience in real estate financing or attend mortgage lending classes. They also must take 24 hours of classes on loan brokering. No specific education or experience requirements. Licensing information Mortgage brokers are not required to meet any specific requirements.