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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