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Friday, August 31, 2007 - New Mortgage Pre-License Requirements

EFFECTIVE SEPTEMBER 1, 2007 - The mortgage license application education hours have increased!

We are currently the ONLY school that has the 60 Hours of Pre-Licensing, including the 4 hours of Ethics for new loan officers!!!  Please see our calendar for scheduling.

BROKERS:
  • Mortgage Broker applicants with no previous mortgage license will need 90 Core Hours. 
  • Mortgage Broker applicants with a loan officer license will be required to complete 30 Hours Core.
  • Application and renewal fee stays the same at $375, plus the other costs.
LOAN OFFICERS:
  • Loan Officer applicants with no previous experience will be required to take 60 Core Hours.
  • Loan Officer applicants with 18 months experience as a full time loan officer will need 30 Core Hours.
  • New license application fee increases by $100, from $175 to $275, plus the other costs. 
  • Renewal fee stays at $175.

Click here to see HB 2783 for more information about the increased licensing requirements.

REMEMBER:ALL PRE-LICENSING HOURS MUST BE IN LIVE CLASSES!! 

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• Alliance Academy Homepage
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