Georgia’s real estate market is a booming haven of opportunities for realtors, investors, and MLOs. For context, ATL ranks as one of the most sought-after cities by homebuyers. In addition, it is classed as one of the best livable cities in the US because of its affordability, reliable job market, and above-average quality of life.
As an MLO in Georgia, your role will be to link homebuyers or investors with lenders. But before you can do that, you must be certified. Online MLO courses in Georgia offer the ideal pathway to certification.
Why Take an Online MLO Course in Georgia?
A few years ago, in-person classes were the in thing. However, technology has made online learning a more effective option for learners seeking dynamic and flexible learning platforms. An online MLO course in Georgia offers a modern solution for busy aspiring professionals.
- Flexible
Attending physical classes after a 9–5 shift can be a headache for busy professionals. Online MLO classes allow you to study at your own pace. For example, the program offered at RealEstateU is an instructor-led online MLO course in Georgia that still offers flexibility in pace.
- Cost-Effective
With online lessons, you don’t have to worry about travel expenses. You can study from anywhere with your laptop or tablet and internet access.
- Interactive Learning
Most online MLO courses in Georgia are dynamic and cater to different types of learners. Besides the instructor-led lessons, you get a printable textbook and practice exams to help you prepare for the licensing exam.
Georgia’s MLO Licensing Requirements
Finishing your MLO course in Georgia is a step toward getting your certification. However, there are other prerequisites needed before you can start working as an MLO in Georgia.
- Complete the 20-Hour Course
The course is 20 hours long and covers diverse topics pertaining to Georgia’s regulations and federal mortgage laws. You will learn about the Secure and Fair Enforcement Act, Truth in Lending Act, and Equal Credit Opportunity Act.
- Pass the National SAFE Exam
The exam will test your understanding of the course content. It includes 125 questions, and you must get 75% right to pass.
- Background Check
Honesty and integrity are crucial to work in Georgia’s property market. The state will run a background check to ensure you have a clean history with no prior arrests, especially related to real estate fraud.
- Get a Sponsor
As a new MLO, you must obtain employment or sponsorship from a Georgia-licensed mortgage company to activate your license.
What to Expect from an Online MLO Course in Georgia
The course is built to help you get a better understanding of federal-specific and Georgia laws related to mortgage and loan origination processes. You will also learn about anti-fraud measures, ways to spot money laundering, and lending practices.
In addition, the program will delve into licensing renewals, disclosure agreements, and foreclosure laws. You will be equipped with skills to help you evaluate credit reports and structure loans.
Final Takeaway
Taking an online MLO course in Georgia can boost your standing as a realtor or real estate broker. Online programs offer convenience, allowing you to gain the extra knowledge needed to expand your skill set and enhance your reputation.
