Here's How To Become A Loan Officer

The path to becoming a loan officer will depend on which type of loans you decide to work in. According to U.S. News & World Report, most loan officers will have a bachelor's degree in either finance or business. However, this isn't a requirement, as loan officers can also enter the field with enough relevant work experience at other financial institutions. If you decide to work as a mortgage loan officer, you are also required to take the SAFE MLO exam and pass with a minimum 75% score (per Diehl Mortgage Training & Compliance). 

Indeed adds that to fulfill all educational requirements to become a mortgage loan originator, you must complete a series of both state and federal courses. These courses will take around 20 hours and will cover subjects such as federal law and regulations, ethics, lending standards, and instructions on mortgage requirements. Further educational requirements can differ from state to state.