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Best loan originator certifications
The best certifications for a loan originator are Certified Sales Professional (CSP), International Accredited Business Accountant (IABA), and Sales Management.
Loan originator certifications demonstrate your competency as a loan originator to employers. However, not all loan originator certifications provide the same value.
Below is a list of the best loan originator certifications. Obtaining a loan originator certification will give you a leg up when you apply for jobs and increase your potential salary.
3 best certifications for loan originators
| Rank | Loan originator certification | Organization |
|---|---|---|
| 1 | Certified Sales Professional (CSP) | MRERF |
| 2 | International Accredited Business Accountant (IABA) | ACAT |
| 3 | Sales Management | SIOR |
3 best loan originator certifications
1. Certified Sales Professional (CSP)
The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
2. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
3. Sales Management
The SIOR designation is a professional achievement for highly qualified commercial real estate practitioners with a strong transactional history in brokerage, fee-based services, or executive management.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required?
What is the best certification for a loan originator?
The best loan originator certification is Certified Sales Professional (CSP). The Certified Sales Professional (CSP) is awarded by the Manufacturers Representatives Educational Research Foundation. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this loan originator certification:
- To become a certified Certified Sales Professional (CSP), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every 3 year.
What are some of the most in-demand certifications for loan originators?
The most in-demand loan originator certification is Sales Management based on all active job postings. Having this loan originator certification will give you access to more loan originator jobs with higher salaries.
What certifications can impact a loan originator career and salary?
The Sales Management certification will help you to secure a general manager position, which will increase your pay and career trajectory. A general manager's average salary is $82,775 whereas loan originators make an average salary of $41,291.
The most common combination of loan originator certifications include: Certified Sales Professional (CSP), International Accredited Business Accountant (IABA), and Sales Management.
Online courses for loan originators to earn certifications
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