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 certified as a mortgage lender?
It’s up to you how quickly you’re able to complete the coursework and prepare to pass the state exam.

What are the education and testing requirements?
To be a loan originator in Wisconsin, you must study for and pass a state exam, request a Criminal Background Check (CIB), and submit an application. The state exam covers state and federal laws and rules relating to mortgage lending. Loan originators must take and pass the state exam prior to functioning as a loan originator.

What is the Wisconsin Department of Financial Institutions?
The Wisconsin Department of Financial Institutions ensures the safety and soundness of Wisconsin's financial institutions, protects the consumers of financial services and facilitates economic growth.

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 certification requirements, click here.

What kind of financial investment does it take to start a career in mortgage lending?
Next to nothing. For under $450, you can be trained, tested, 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?
Effective with the renewal period beginning July 1, 2007, all Wisconsin loan originators and loan solicitors must complete continuing education hours or must have passed the CE Test Out Exam during the 2 years immediately preceding the expiration date of the license that needs to be renewed. Loan Originators are required to complete at least 16 hours of approved continuing education. Loan Solicitors are required to complete at least 12 hours of approved continuing education. At least two of the hours must pertain to new developments in the law, practice and procedure.

Can I carry over continuing education hours from one renewal
to the next?
No. Course credits earned during one 2 year licensing period may not be carried over to the next licensing period.

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