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You’re required by Pennsylvania law to apply for a license. Visit our Licensing Requirements for the Loan Correspondent license application and instructions. Education and testing is not required to become a licensed mortgage professional.
Pennsylvania does require one separate mortgage professional at each licensed location to complete at least 6 credit hours of continuing education per annual renewal period, including 1 hour of Pennsylvania residential mortgage law and 1 hour of business ethics, in order for the licensee to renew its license. ProSchools has state-approved online education. For information on our online course, click here.
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Click & Close: E-Nabling. The latest by industry gurus, Jim Sherry and John Tuccillo, Click & Close is a one-of-a-kind resource that shows readers, step-by-step, how to utilize today's technology to profit in real estate. The authors do more than just make predictions about how e-commerce will change the industry; they provide specific direction on how to make it happen.
Financial Real Estate Handbook. No other book on the market offers this unique combination of advice, information, payment tables, even a dictionary! The Real Estate Handbook discusses the different types of mortgage financing available, including the pros and cons of financial alternatives and mortgage prepayment. Tables include monthly mortgage payment tables for interest rates of 5% to 7 7/8% in 1/8% increments, and 8% to 12% in 1/4% increments, on amounts up to $400,000. Terms of 1 to 5 years are shown by year; terms of 7, 8, 10, 12, 15, 18, 20, 25, 28, 29, 30, 35 and 40 years are also shown. Also included are monthly factor tables, loan progress charts, points discount tables and mortgage yield tables.
Mastering Real Estate Math contains step-by-step instruction of simple to complex math calculations required of all real estate practioners. More than 60 new problems added, across all chapters, instructor resources expanded, and include 150 practice problems, time learning objectives and a Powerpoint presentation.
Calculator- Qualifier Plus IIIX is the most advanced residential real estate finance calculator with complete buyer qualifying. It provides fast answers to complicated questions, including buyer financing. Enter loan scenario in any order. Evaluate and compare finance options. Real Estate professionals: Get answers at your fingertips!
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