What is required to be a Mortgage Banker?

The primary tools needed to become a Mortgage Banker include: Sufficient licensure to permit the origination of mortgage loans as a mortgage banker/correspondent, a FirstFunding Warehouse Funding Facility (Warehouse Line), approval to be a Correspondent by a secondary market investor, and the ability to manage your First Funding Warehouse Funding Facility. Other tasks and adjustments may be necessary in conjunction with the move-up to Mortgage Banking by a Mortgage Broker, but these represent the principal items.