Mortgage Brokerage Frequently Asked Questions

1. What course will I need to be prepared to take the state exam to become a mortgage broker and loan officer?

You will need to take the Texas Mortgage Broker and Loan Officer Core Education course. This 30-hour course includes two hours of ethics and 28 hours of core education as required by the Texas Department of Savings and Mortgage Lending.

The Texas Mortgage Broker And Loan Officer Exam Preparation course is a separate, optional course that immediately follows the core education course. You can save money by registering for both courses at once by enrolling in the Pre-Licensing Package course.

2. Why is the Texas Ethics in Practice course also listed separately?

Licensed brokers are required to take two hours of ethics as part of their continuing education requirement. They can register to take part in just this two-hour portion of the core education course.

3. Where can I apply these courses?

The course offers 30 classroom hours toward:

• Mortgage Broker and Loan Officer licensing and continuing education;
• Real estate core education and Salesperson Annual Education, SAE, for already licensed real estate sales people; and
• Real Estate Mandatory Continuing Education, MCE.

4. Is there a practice test for the state licensing exam?

There are 243 practice questions in the core education book, including a 60-question practice test at the end of the book.

In addition, the Texas Mortgage Broker And Loan Officer Exam Preparation course is a separate, optional course that immediately follows the core education course. This course includes an additional practice test.

5. What is the format for the exam preparation course?

The course is taught through memory mapping (memory triggers to help you remember the material better), review games and questions.

6. Can I just take one course?

You may enroll in any of the courses individually. There is a discounted price for enrolling in the Pre-Licensing Package course which includes the core education and exam preparation courses, but you may choose to take one or two courses alone.

7. Do you offer continuing education for mortgage professionals?

We have a number of courses that are pending approval for continuing education credit, with topics including appraisals, reverse mortgages, refinance, fraud and identity theft, and 1031 exchange. We will be adding these courses to the schedule throughout the spring and summer semesters.

8. Are any of these classes offered in Spanish?

Yes, all of these courses are offered in Spanish. The materials for the courses are in English and we recommend the test be taken in English to avoid translation errors. However, the course can taught by a Spanish-speaking instructor using a bilingual PowerPoint presentation and student workbook. The courses in Spanish can be scheduled if requested by enough people. They also can be offered on-site at your business.

9. How do I get my license?

Find detailed information online from the Texas Department of Savings and Mortgage Loan. “How to Get a License and Stay Licensed!” at: http://www.sml.state.tx.us/Licensing%20Guidelines.pdf