Loan Officer
- Exam
- Not reported
- Education
- Not reported
- Experience
- Not reported
- Background check
- Not reported
Loan Officer means an individual who for compensation as an employee of a mortgage broker or a mortgage banker solicits or offers to solicit applications, accepts or offers to accept applications, negotiates or officers to negotiate, issues or offers to issue mortgage loan commitment or interest rate guarantee agreement, or provides or offers to provide modification for mortgage loans. Requirements: 1) Must submit an application. 2) Must be at least 18 years of age. 3) Must have received a high school diploma or a general education development certificate (GED). 4) Must be employed by a licensed Mortgage Broker or Mortgage Banker. 5) Criminal background check with fingerprints required. 6) Credit Report review with authorization required. 7) Must have completed 20 hours of required educational and testing requirements. Written National Exam required. Initial filing fee: $50.00, Renewal filing fee: $50.00
Requirements reported by the state
- Licence type
- Registry
- Military and veterans
- A temporary license available to military and spouses until formal license approval
Issuing body
- Department
- Arkansas Department of Commerce
- Address
- 1 Commerce Way Suite 402 Little Rock, AR 72202
- Phone
- (501) 324-9260
- Agency website
- www.securities.arkansas.gov
- Last updated
- June 28, 2022
Occupations (O*NET)
- Mortgage Loan Originator 13-2072.00
Source and verification
This record is Arkansas's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Arkansas Department of Commerce — see the issuing body section above.
How we process this data. Not legal advice.