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 r esult 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
Even if you’re not considering a professional career in the finance industry, our courses in Mortgage Banking and related programs can help you manage your own money and gain financial stability.
Mortgage Banking Degree and Certificate Options
- The Mortgage Banking Associate in Applied Sciences Degre e 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 Financial Services Professional Certificate is a two-semester award, offered for the first time in Fall 2009, that prepares students for jobs in banking, mortgage lending and servicing, retail credit and collections, finance, insurances, real estate and stock brokerage. Its primary focus is on developing a life-term financial plan and evaluating various investments.
- 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.
Financial Services Professional Certification
Start your journey towards becoming a successful financial service professional with our Financial Services Certification program. Professionals with years of experience in the finance industry teach courses such as:
- Introduction to Financial Advising (BUSG 1304)
- Principles of Real Estate (RELE 1301)
- Mortgage Lending (BNKG 1353)
- Money and Financial Matters (BNKG 1340)
- Selling Bank Products (BNKG 1251)
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. All licensed mortgage brokers and loan officers in Texas must be also be registered with the National Mortgage Licensing System as well as any of those wishing to pursue a license in Texas.
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.
As of June 20, 2010, the following DCCCD course met the initial education requirements that everyone must complete to obtain a license:
- RELE 1324 Loan Origination and Quality Control
To renew a mortgage broker or loan officer license, continuing education courses are required over the two-year license period. The following DCCCD course met those requirements as of June 20, 2010:
- BNKG 1170 Mortgage Ethics
Contact program coordinator Keith Baker at 972-273-3467 for more information about these courses or about other changes in approved pre-licensing or relicensing continuing education courses.
Convenient Options for Busy Professionals
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.
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!
Contact program coordinator Keith Baker at 972-273-3467 for more information.