I currently invest in real estate. Can I also become an MLO in New York State?
If you currently invest in real estate, you can become a licensed Mortgage Loan Originator (MLO) in New York State. As someone who already has experience in the real estate industry, you may have a head start when it comes to understanding certain aspects of the mortgage lending process, such as property valuations and underwriting guidelines. However, you will also need to develop expertise in areas such as loan origination procedures and regulations surrounding mortgage lending practices.
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