BrokerX will “take care of the training, coaching and licensing,” Ishbia explained, adding that once the program is completed, participants will be fully licensed and ready to originate loans, contributing to the “growth of the wholesale channel and help even more consumers across the country.”
How BrokerX works
Over the course of five weeks, participants will undergo virtual training, preparation for the SAFE MLO test, and on-site professional development. The first four weeks focus on virtual instruction, with candidates participating in Nationwide Mortgage Licensing System (NMLS)-approved training through OnCourse Learning.
After passing the SAFE MLO test, participants will spend their final week at UWM’s headquarters for hands-on training.
According to the company’s media release, the cost of the program includes a $250 registration fee, and participants are responsible for covering the costs associated with the SAFE MLO test, background checks, and credit checks. The first session is scheduled to begin on October 21.
Refi boom preparation
BrokerX was launched shortly after UWM unveiled KEEP, an AI-powered system designed to identify refinance opportunities for borrowers.
Source: mpamag.com