Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System. <br>

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass. <br>

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law. <br>

3 Best Columbus Mortgage Brokers

Alesia Parker

6400 Bradley Park Drive, Columbus, GA 31904

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New Construction
Refinance

Alesia Parker started a career as a mortgage broker in 2005 after working in the banking and financial industry. She provides quality customer service to her clients in Columbus and surrounding areas in need of assistance in the loan process. She is a branch manager at Silverton Mortgage, where she works closely with her team, borrowers, real estate agents, and in-house agents to deliver results. Parker is the treasurer of the Columbus Chapter Mortgage Bankers Association of Georgia.

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Alex Lane

801 13th Street, Phenix City, AL 36867

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Refinance

Alex Lane, a Phenix-Girard Bank mortgage loan officer, serves the lending needs of builders, real estate professionals, and individual homebuyers in the Columbus metro area. He provides borrowers with a wide range of loan options, including a 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, adjustable-rate mortgage, and hybrid adjustable-rate mortgage. Alex is well-versed in all aspects of mortgage lending, from refinance to purchase to construction lending. He educates clients and helps them obtain a policy that fits their needs.

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FBMC Mortgage Corp

5650 Whitesville Road, Columbus, GA 31904

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Refinance
Purchase Transactions

FBMC Mortgage Corp is a mortgage brokerage that serves clients in the Columbus area. It works with a range of lenders to help customers find the right policies that meet their mortgage needs and goals. Its loan products include FHA, jumbo, home refinance, and home purchase. It also provides cash-out home loans, homeowners rate reduction programs, and conventional packages. The company is committed to building long-term relationships with its clients by offering them efficient and reasonable quotes for their homeownership dreams.

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Best Mortgage Brokers in Columbus

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Mortgage Brokers FAQs

Alesia Parker

Alex Lane

FBMC Mortgage Corp

Frequently Asked Questions

Q: Do mortgage brokers need to be licensed?

Q: Is it difficult to pass the mortgage brokers’ test?

Q: What is a surety bond for mortgage brokers?

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