Do I need a college degree to become an MLO in New York State?
While are no strict minimum educational requirements for becoming an MLO or mortgage broker, applicants are expected to have at least a high school diploma or GED. College education with a degree in finance or a related field can be beneficial, but it is not required.
Although a college degree is not required to become a Mortgage Loan Originator (MLO) in New York State, it can give you a competitive edge in the market. A finance, accounting, or business degree can equip you with valuable knowledge and skills to assist you in your career as a mortgage broker.
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