How to Become a Mortgage Broker

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Millions of people around the country need to take out a loan to buy a house and finance their business expenses. Highly skilled professionals are required to sell mortgage loans to people and businesses; this is the job of mortgage brokers.


Hey, I'm Joshua T. Osborne

In 2015, I said goodbye to 16-hour days and hauling boxes up and down stairs for a living (I was a mover). I became a full-time entrepreneur, and I made my money by helping business owners make money.

They had a need, and because of Virtual Tool Booths., I could fill it. Through the methods taught by my all-time favorite course and mentor, I created a 6-figure business in roughly 6 months. I could retire today (at 37) and never have to worry about money ever again.

Because of Virtual Tool Booths., I was able to quit my job, work online with flexible hours, and move to the mountains (Colorado Springs if you’re wondering)...all while helping real people improve their businesses, incomes, and lives!

For most folks, a college degree is the biggest bill of their lives. I never went to college. So I don’t have any massive bills or giant debts hanging over my head. My greatest education came from Virtual Tool Booths. (for a tiny fraction of what college costs) and it’s the bill that pays ALL the bills - a hundred times over!

I really wanted to share this secret weapon with others, so they could change their lives the way I changed mine. So if you’re not 100% sure about college, or only researching to make someone else happy, Virtual Tool Booths. might be a better option for you.

Want to know how I built this life with no formal education?

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What does a mortgage broker do?

Mortgage brokers act as mediators between clients and lending institutions. They sell mortgage loans and market themselves to attract potential clients. They obtain personal information to make a decision about the client’s financial status. They assess credit history, affordability, and the likelihood of loan repayment. Mortgage brokers are also responsible for assessing the mortgage market to offer the best product to fulfill the client’s needs. They often give clients advice depending on individual circumstances and strive to provide buyers with the best possible deal on a mortgage. Mortgage brokers are different from loan officers in a sense that they seek out finance companies and lending institutions to find money for the client instead of loaning money from their own institution. They are often self-employed or work for brokerage firms.

What kind of training does a mortgage broker need?

Mortgage brokers typically need at least a bachelor degree in economics, finance, or other related field. Employers also value previous banking, brokerage, sales, real estate, or lending experience. Mortgage brokers who do not have formal education can often advance to their current positions after many years of sufficient work experience. Many brokerage firms offer on-the-job training and will sponsor employees for the licensing exam.

In 45 States, mortgage brokers are required to be licensed. The educational requirements usually vary by State. Mortgage brokers are also typically bound a Quality Control standard and are subject to many federal regulations. Many mortgage brokers become members of the National Association of Mortgage Brokers (NAMB). To keep up with their licenses and skills many mortgage brokers complete continuing education and attend seminars and conferences.

What are the prospects for a career as a mortgage broker?

Employment of mortgage brokers is expected to grow about as fast as average for all professions, increasing 11% from 2006 to 2016 (1). The turning around of the housing market and population increase will drive growth.

Job prospects are expected to be favorable and will be the best for mortgage brokers with a college education and related banking, lending, sales, mortgage, and brokerage experience.

How much do mortgage brokers make?

As of July 2009, mortgage brokers with less than 1 year experience made about $24,000 a year. Those with 1 to 4 years of experience made about $37,129 a year and those with 5 to 9 years experience made about $41,554 a year (2).

A career as a mortgage broker is an excellent choice for people who have great people skills and a strong drive to succeed. Perseverance, high motivation, excellent verbal and written communication, organization, and the ability to multitask are also essential qualities.

Joshua T Osborne

Founder/CEO – Mr. & Mrs. Leads

$84K Per Month providing Toll Booth Leads to small business owners all over the United States. is for anyone who is looking to get out of the daily corporate grind and provide a better lifestyle for themselves and their families while bringing massive value to small business owners. 

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