net branch » Opportunity » Ohio
Mortgage Net Branch Ohio
How much experience do I need to qualify for a mortgage net branch in Ohio?
Ohio requires that you have three years of experience in the mortgage industry. However, this does not mean that you can have worked for three years in the mortgage industry when you first started your career and then taken a break from working in that field, either to pursue another career or become a stay-at-home mom, or for whatever reason.
Rather, the three years of experience must have been within the last five years. This means that you can have not worked for as long as two years in mortgage during this span, or that your work history can have gaps in it. But, the three years of mortgage experience must fall within the five-year period.
You need a mortgage broker license to operate a mortgage net branch in Ohio, and this must be a 1st mortgage broker license. If you do not meet these and other qualifications for applying for a mortgage broker license, you will not be issued the license.
Don't be discouraged, however, if you are missing some years experience or if you are not a 1st mortgage broker. You can work in an area of the mortgage industry that will give you the three years experience if this is your case, and there are still plenty of opportunities if you are not considered a 1st mortgage broker and unable to open a Ohio net branch.
So, instead of concentrating on where you don't qualify, think about what it will take to qualify, or what you can do to work in another part of the mortgage industry such as a virtual loan officer. Then get out there and do what it takes. You're going to need that drive and determination for when you do get your broker license and are able to take advantage of opening a mortgage net branch in Ohio.