Are you drawn to the orderly world of numbers but still want a career that involves people? Do you enjoy problem-solving, analyzing information and working as part of a cooperative team?
Whether you’re a new college student looking for an interesting and challenging career path or a mortgage broker or loan officer needing to earn or renew your license, North Lake College’s Mortgage Banking program will give you the edge that you need to succeed in this competitive but rewarding field.
North Lake College is the only DCCCD college and one of the few community colleges in the nation to offer an associate degree program in Mortgage Banking.
Ours was the first Mortgage Banking associate degree program created in the country and remains the oldest fully accredited program in the U.S. Created in 1991, the program was the result of requests from industry leaders to provide specialized education for entry- and higher-level positions in the mortgage-lending field.
North Lake’s Mortgage Banking program can prepare you for a career in:
- Mortgage banking
- Mortgage brokerage
- Loan originating, processing, servicing or collection
- Real estate finance
- Property management
- Real estate sales
- Retail banking
- Secondary marketing
- Warehousing
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Mortgage Banking Degree and Certificate Options
- The Mortgage Banking Associate in Applied Sciences Degree provides in-depth training in the field of mortgage banking over four semesters or 60 to 69 credit hours. Specific technical skills include instruction in how to originate, process and manage mortgage loans. Other relevant areas include real estate, planning and organization, problem solving and decision making, communication, accounting and business skills.
- The Mortgage Banking Designate Certificate is a three-semester award consisting of 34 to 39 credit hours.
- The Mortgage Banking Intern Skills Achievement Award, which requires 15 credit hours or five courses, provides the skills and knowledge to obtain an entry-level position.
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Earn or Renew a Texas Mortgage Broker or Loan Officer License
The Texas Department of Savings and Mortgage Lending, an agency of the Finance Commission of Texas, regulates licensure of mortgage brokers and loan officers doing business within the state.
In Texas, a mortgage broker is defined as any individual who receives an application from a prospective borrower to attempt to obtain a mortgage loan. Licensing became effective under the Mortgage Broker License Act (MBLA) of 2000.
Real estate brokers and salespeople are not exempt from the MBLA. If you are brokering first lien mortgage loans, you must apply for and establish that you meet all of the multiple criteria for a mortgage broker license. Under the statute, a real estate broker’s license fulfills the experience requirement, but a real estate sales license does not.
If you are not currently licensed as an active real estate broker in Texas (for instance, if you are licensed in another state or your Texas license has lapsed), you would not meet the experience requirement for a Texas mortgage broker license.
The following DCCCD courses meet the initial education requirements that everyone must complete to obtain a license:
- RELE 1319 Real Estate Finance
- RELE 1324 Loan Origination and Quality Control
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To renew a mortgage broker or loan officer license, continuing education courses are required over the two-year license period. The following DCCCD courses meet those requirements:
- BNKG 1353 Mortgage Lending
- BNKG 1359 Loan Servicing
- BNKG 1391 Special Topics, Loan Closing
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Contact program coordinator Keith Baker at 972-273-3467 for more information about these courses.
Continuing Education Courses
For busy professionals who want course knowledge without the pressure of earning grades, North Lake also offers Mortgage Banking classes as concurrent Continuing Education classes. Contact program coordinator Keith Baker at 972-273-3467 for more information.
Online Courses = Convenience for Busy Professionals
Too busy to attend class on campus? All Mortgage Banking courses are offered online at some point during the academic year. You could earn your entire degree or certificate online!
Other Degree and Certificate Options
The Dallas County Community College District offers nearly 350 career and technical degrees and certificates, plus 36 academic degrees. For more information, see a chart of our degree plans by location.