Take steps to swing the odds of passing the licensing test in your favor
By Rich Leffler, director of training/senior instructor
Every mortgage professional who originates loans for a non-Federal Deposit Insurance Corp.-insured entity must be licensed. And being licensed means having to pass the National Mortgage Licensing System (NMLS) pre-licensing exam.
The exam is relatively standard. It includes 100 computer-generated, multiple-choice questions that must be answered within three hours. Ten of the 100 questions are “test” questions that do ...Continue Reading →