What is required to become a California mortgage loan originator?

To become a California mortgage loan originator, passing a state licensing exam is a fundamental requirement. This exam evaluates the candidate's knowledge of state and federal laws, regulations, and mortgage industry practices. It ensures that the originator is equipped to handle the responsibilities of the role, including compliance with legal standards, ethical practices, and understanding of loan products.

The other options do not align with the specific requirements for licensure. A business degree is not necessary, experience in lending is not mandated as a prerequisite, and owning a mortgage company is unrelated to individual licensing requirements for mortgage loan originators. Therefore, successfully passing the state licensing exam is the key criterion to pursue a career as a mortgage loan originator in California.