How can I learn more about what a career in mortgage lending really offers?
Visit the career information section of our Web site for a helpful overview of the exciting world of mortgage lending. Talking to successful professionals is another great way to learn more about being a mortgage broker on a daily basis. Check out our free articles to help you decide if a career in mortgage lending is right for you!

How long does it take to get licensed as a mortgage broker?
Since the course is only 40 hours, you can complete in one week. It's up to you how quickly you're able to complete the course and submit your application.

What are the education and testing requirements?
Mortgage broker applicants are required by Georgia law to demonstrate successful completion of 40 hours of approved education or demonstrate a minimum of two years, full-time, prior experience in the mortgage industry directly originating mortgage loans. Georgia law does not require testing to become a mortgage broker. ProSchools currently does not offer a program of study for Georgia. For information on approved providers, visit the Georgia Department of Banking.

Does processor experience meet the experience requirements for a license?
Experience as a processor will not meet the experience requirements for a license. Experience must include all broker loan origination functions.

What is the Georgia Department of Banking?
The Department has regulatory and/or licensing authority over residential mortgage brokers, lenders, and processors conducting business in Georgia.

What are the fees to become a mortgage licensee?
A $250 non-refundable initial Investigation fee is charged when the initial application is filed. Annual licensing/renewal fees are as follows:

• $1,000 per year for Mortgage lenders required to be licensed or registered
• $500 per year for Mortgage brokers/processors required to be licensed or registered

Do I need a college degree to become a mortgage broker?
No. For a mere fraction of the cost of an associate’s or bachelor’s degree, you could be earning a six-figure income as a mortgage pro! For more details on state licensing requirements, click here.

What kind of financial investment does it take to start a career in mortgage lending?
Next to nothing. For under $1000, you can be trained, licensed, and ready to cash in on this lucrative career.

Should I get any additional books on the subject?
Sure, reading as much as you can about succeeding as a new mortgage broker is a wise strategy. ProSchools offers an array of books in our online bookstore.

What are the continuing education and testing requirements?
Beginning with the FY2008 renewal year, brokers and processors must have obtained 12 hours of continuing education in a 12 month period prior to the annual renewal deadline in order to renew their license. Credits must be obtained on an annual basis, and prior to April 1st each year (April 1-March 30 of each year). ProSchools' convenient online courses meets the 12-hour continuing education requirement, including one hour of required fraud. ProSchools Credit Scoring: Have You Made the Grade course satisfies the one hour of required fraud. Visit our catalog for a list of interactive online courses.

Can I carry over continuing education hours from one renewal cycle
to the next?
No. Georgia law does not permit hours in excess of the required 12 to be carried over to the next renewal period.

For more details on becoming a licensed mortgage agent, click here.