is a truly great mortgage loan officer program for all students.
Founded in 1993, Amelox Incorporated brought out the country’s first digital College Tutor in 1996 and upgraded it ever since to the latest online interactive textbook technology, cumulating in ‘cloud computing’ in early 2009. With cloud computing the program resides on the company server, making it unnecessary to download, install, or store anything. Everything comes down as an Internet Web page, just like this page. We give you the utmost in user convenience.
California requires that anybody dealing with the money part of Real Estate transactions must have a Real Estate license. California has no test specifically for loan officers or mortgage brokers.
From the DRE: “California does not issue a “mortgage broker” license. A majority of those engaged in mortgage loan brokering do so with a real estate broker license. To the surprise of some, the license that allows the listing and sale of real property (the traditional activities associated with a real_estate broker license) is the same license that allows the solicitation of borrowers or lenders, the negotiation of loans secured by real property and the collection of payments on notes secured by real property. For further details concerning the definition of licensed activity, review Business and Professions Code Sections 10130 and 10131."
It should be noted that there are other licenses that allow mortgage loan brokering under a limited set of circumstances, such as the California finance license and the residential mortgage lending license. For information about these licenses contact the California Department of Corporations.”
Recently, with the foreclosure fiasco, California may change its mind and has started to farm out a Loan Officer Mortgage License test to the Nationwide Mortgage License System (NMLS). Please contact them for further information.
We feel competent that the Amelox College Tutor for Mortgage Loan Officer License will help in all these cases.
All Real Estate math problems are fully worked out and explained line by line.
The California Real Estate College Tutor pulls down just like this Web page. No download or installation required.
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ISBN 978-0-9712358-0-9