How to Become a Mortgage Loan Officer in 2024! (Step by Step)

In this video, we are going over the entire process of getting your mortgage loan license to work as a loan originator (MLO)! This is one of the easiest licenses to get, with such high earning potential. That is why I think this is one of the best side hustles or careers for anyone to do.

I'll take you through the 5 steps to become a loan officer in under 30 days.

OnCourse Mortgage (the new Learn Mortgage):

^Get 15% off using my exclusive link! Learn Mortgage was acquired by OnCourse, but it's the same course! This is the exact class I took to get my loan license. I highly recommend it! It is the most affordable class out there. I was also able to get the highest discount code for my viewers - if you use that link above you'll get 15% off the MLO course!

Make sure to watch this video until the end for tips on how to become a mortgage loan officer in the easiest and fastest way. I did it myself, passed the exam on the first try, and want to help you do the same :)

Each state is going to be a little bit different, but it's going to be around a 20 hour course. Here in California, all I had to do was take the 20 hour online course, and then follow the easy steps in this video. Super simple and I still can't believe how easy it is to get licensed to be able to loans for people.

We'll go through the following:
Qualities of a successful loan officer
What is a mortgage loan originator?
How to pass the MLO exam
How to work for a mortgage brokerage

Helpful links:

Creating your NMLS account:

Affordable 20 hour online class:

Applying for your license:

One of my other videos - How To Get Your Real Estate License:

Thank you for watching and I hope this video helps you out! I put a lot of effort into these videos to help you guys out, so please make sure to support my channel by liking and subscribing! Thank you.

-Charlie

#MLO #LoanOfficer #SideHustle

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!

In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

[CharlieChang]

Different than a lot of my videos but I genuinely think this is one of the best side hustles/careers out there! I've been in the mortgage industry since 2013 and there is a lot of money to be made, so I wanted to hopefully inspire some of you to look into this :) This link below gets you 15% off the MLO course!

[actuallybusiness]

*Every family has a person who breaks the chain of poverty. I hope you will be that person!*

[paulsteventejeda]

Thankyou man 1week after watching this video I decided to change careers. Took the 20hr course +prep course .I passed the exam a week ago 78% score.

[SanacionAlmatica]

To any person is reading this: This is not a coincidence. You are capable to do this. If things at your job or not going OK for you right now it’s for a reason you have a future here all this information is for you and for me we can do this we can be free we are capable to achieve everything!!! BLESSINGS

[sharishines]

An associate of mine changed careers from being a teacher to a MLO and she says it’s been life changing for her personally, emotionally and financially. Struggling with three kids to living here best life with them. I’m about to take the same leap of faith!!

[alexknaus]

Someone who has 15 years in the game: focus on purchase! Refinances are a cherry on top. Develop realtor relationships etc etc good luck out there

[lemonayystand]

On the way to getting my license after being in the business for 2 years. Key points to succeed:

1. Pay attention to the details
2. Push yourself to constantly learn
3. Network, network, network
4. Communication is key - the better lender answers questions faster and accurately, and they’ll win the lead

[WillOnYT]

been in the industry for 8 months and i've already made my first 100k

[tygsv]

My cousin has been a loan officer for a few months now and works for quicken loans, he already makes 20k a month.

[stay_fitted]

If you want to be successful is to never give up and be consistent and patient

[jdub]

Just passed my licensing exam last week, submitted my app, and meeting with a potential sponsor for lunch on Thursday! Hope this is something that can really be life changing.

[avexpower]

Thank you🙏! I pass my exam on 2nd try on 5/4/24 😁 80%

[iginah]

I just finished my pre-licensing test and scheduled my test. Ready for this career change!

[dailyplanetx]

Charlie, I used to work at a bank and talk to many loan officers. Some make up to 6 figures, I have a college degree but don't make close to that amount. I am thinking about doing some side hustles that you mention. Keep making more great videos.

[NewAgentHQ]

I would love to see a video about being an agent vs being a mortgage loan officer. Pros and cons. Income potential ect.

[alondragarcia]

I turn 25 this year and I’ve been stressing on what career I want to pursue.. I watched this video and I felt a little spark in me. Sounds like the type of job I really would enjoy doing. I’m gonna go for it & never look back. Thank you for this great information!!

[calirose]

I just signed up for my class yesterday! Excited for what the future has in store for me in providing for my family

[yhjrtkz]

Liked and subscribed! Thank you for such an informative video.
I spent years in college, came out with an MS, and worked in tech for a few years. The field can be extremely difficult/painful, and it doesn't matter if you're working nights and weekends, missing birthdays and not being able to see sick family members- you get paid the same, and you're still at risk of getting laid off (despite your performance) for reasons that have nothing to do with you. It happened to me. The field has not treated me well, so I'm looking for something that pays well, feels more lively and gives me freedom. I think this video gave me all the answers I was seeking. Really appreciate you!

[Lover]

This came at the right time!! I just told my friend I wanted to get into this. Thank you!!

[DamirSab]

Making this jump for me and for my family. I’m pumped.