How many hours of pre-licensing education are required for MLOs in West Virginia?

In West Virginia, the requirement for Mortgage Loan Originators (MLOs) is to complete 20 hours of pre-licensing education. This educational requirement is established to ensure that MLOs have a strong understanding of federal and state mortgage laws, lending practices, and ethical responsibilities. The curriculum typically covers critical areas such as federal regulations, loan products, underwriting, and customer service, which are vital for effective practice in the mortgage industry.

Having 20 hours of pre-licensing education helps prepare aspiring MLOs to navigate the complexities of the mortgage market, provides a foundational knowledge necessary for making informed decisions, and equips them with the skills to assist clients appropriately. Compliance with this educational requirement is not only essential for obtaining a license but also reinforces the overall integrity and professionalism of the lending process in West Virginia.