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Now, potential mortgage brokers simply need to know where to start, and several companies, such as United Wholesale Mortgage and even the National Association of Mortgage Brokers, are working to.

The SAFE Act requires state-licensed mortgage loan originators to complete a minimum of eight hours of NMLS-approved continuing education annually (depending on your state’s requirements). Visit the NMLS Resource Center for information on how to review your education record.

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How to Start Your Own Mortgage Company Establish a Business entity. nmls registration Application. Complete Forms and Provide Documentation. Insurance and Bonds. Basic Mortgage Business Logistics. Hire Qualified Staff. Market Your Business.

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